Surely the best way is to introduce a system where workers are paid in labour accounts, hour per hour.
Paul Cockshott School of Computer Science University of Glasgow http://glasgow.academia.edu/paulcockshott http://www.gla.ac.uk/schools/computing/staff/williamcockshott/#tabs=0 From: [email protected] [mailto:[email protected]] On Behalf Of raghu Sent: 17 March 2014 21:20 To: Progressive Economics Subject: Re: [Pen-l] NYT column on Piketty book "Capital in the Twenty-First Century" On Mon, Mar 17, 2014 at 4:15 PM, Tom Walker <[email protected]<mailto:[email protected]>> wrote: "the best way to increase wages and reduce wage inequalities in the long run is to invest in education and skills." I'll finesse what I think is the "best" way to increase wages and reduce wage inequalities and offer this amendment to Piketty: One way to reduce wage inequality would be to reduce educational inequalities that result from the privileges of the wealthy. Precisely! -raghu.
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