Ed, I obviously wasn't suggesting a low wage economy is a good thing, certainly not for women; that's certainly against my views. If you'd noticed I was talking about redistribution of wealth to improve those that are less well off or poorly paid? (Plus generating wealth for the benefit of all?) Perhaps that does require taxation - in an equitable way - to move wealth towards the poorer segments of society? That might, of course, mean putting more money into education, social facilities, affordable housing, health care, etc as well as subsidising people in povery so they are in a fit state to earn a living wage. Improving conditions to attract staff doesn't necessarily mean paying lower wages. High tech companies - Google, etc - pay good salaries but also use other benefits to attract or retain staff in a competitive market. (That might include free or subsidised food and drink, recreation areas, sports facilities, paid sabbaticals, free home broadband, etc; some might see that as a way to keep tech employees longer in the office, so I know others who put a high premium on being able to work from home or have flexible working to avoid difficult commutes or to assist with childcare. Interestingly, though, I was once told Microsoft could pay below market rates because it was a good company to have on your CV and, for those that qualified, the stock options were good. Although an MS salary below market rates would still be good!)Of course, in a capitalist economy everything is built around the exploitation of others - that doesn't mean I agree with it just that one must have some realism in one's economic environment. I don’t believe many Labour party members believe in a low wage economy - at least none I know do; still, perhaps my sample is less representative than yours.Anyway, isn't AI going to take away all our jobs and generate future wealth; then everyone can play all day and be given free provisions to live on while the bots slave away ... until the bots rights organisation starts protesting :-)
Michael Ixer ● 702d