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For example, we discussed unemployment and agreed that instead of thinking of it as the absence of useful things to do, we should describe it as a state-imposed prohibition on people doing work society plainly needs because wages have been pushed too high for the worker to do the task.

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Bloke in Wales
Bloke in Wales
28 days ago

Is he suggesting that the minimum wage should be abolished?

Michael van der Riet
Michael van der Riet
28 days ago
Reply to  Tim Worstall

I’m sorry to hear that, because I was about to commend it as a highly succinct analysis of the South African labor market.

Ted S., Catskill Mtns, NY, USA
Ted S., Catskill Mtns, NY, USA
28 days ago
Reply to  Bloke in Wales

Standard disclaimer that the real minimum wage is zero. If you can’t add value greater than the government-mandated pay rate, you’re not getting a job.

jgh
jgh
28 days ago

What on earth does that word salad mean?

I’ve got useful things to do, but don’t have time to do them because my time is eaten up trying to earn a living so I can stay alive so that I can do those useful things.

Last edited 28 days ago by jgh
Gamecock
Gamecock
27 days ago
Reply to  jgh

The commie dick megalomaniac is saying he will kill you and take your stuff.

Addolff
Addolff
28 days ago

‘A state-imposed prohibition on people doing work society plainly needs because the cost of employing someone has been pushed too high by the state’.
TFTFY.

Last edited 28 days ago by Addolff
rhoda klapp
rhoda klapp
28 days ago

ORRR, the state gives some people money to do nothing because the state wants to import cheaper people because it despises the people who come from here?

Michael van der Riet
Michael van der Riet
28 days ago
Reply to  rhoda klapp

Looking back it’s hard to pinpoint the exact moment at which Britain stopped being Great.

Interested
Interested
28 days ago

1914

dearieme
dearieme
28 days ago

Oh God, here we go again. It’s still “Great” because the “Great” refers to geography not power. Else it couldn’t have been used in the middle ages, could it?

Gamecock
Gamecock
28 days ago
Reply to  dearieme

Then it should be “Greater” Britain.

john77
john77
26 days ago
Reply to  Gamecock

Actually “Big Brittany”

Gamecock
Gamecock
25 days ago
Reply to  john77

I knew a girl . . . .

Gamecock
Gamecock
28 days ago

I’d say still great through the Falklands War and Thatcher, til around 1987.

rhoda klapp
rhoda klapp
28 days ago

Apropos the economy, some skeleton talking head on my TV who claims to be the chancellor is explaing how the government will direct work and investment by private secter firms in the national interest. My question is what is the word for that?

Also his speech is so similar to the bollocks the previous PM used to drone out that I wonder if they are using the same speechwriter. Or do they all think this stuff is NOT bollocks, which would be disturbing.

Boganboy
Boganboy
26 days ago
Reply to  rhoda klapp

Rhoda

I’d guess they all believe this stuff is NOT bollocks.

Agammamon
Agammamon
28 days ago

Which is why its always about the creation of a permanent underclass that can be exploited for its labor.

Nautical Nick
Nautical Nick
27 days ago

We are being told that the productivity of labour is at last rising. But isn’t that just because the higher minimum wage has removed those workers with the lowest productivity?

Deveril
Deveril
27 days ago

instead of thinking of it as the absence of useful things to do, we should describe it as a state-imposed prohibition on people doing work society plainly needs because wages have been pushed too high for the worker to do the task.

Translation: we decided to do what progressives always do – make up shit and change the meanings of stuff till we get what we want.

Phil Janes
Phil Janes
27 days ago

I’ve thought about this deeply. And still have no idea what he’s blathering on about.

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