There can be no rise in the value of labour without a fall of profits.
Sentiment: NEGATIVE
Without investment there will not be growth, and without growth there will not be employment.
Most people work for the private sector, which cannot exist without profit.
A wise person does not undertake any business with the risk of losing the capital money in search of making a profit.
The stark reality facing us today is that without the labour reforms, workers will get neither the income nor jobs in the face of cut-throat global economic competition.
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
It might be said that it is the ideal of the employer to have production without employees and the ideal of the employee is to have income without work.
Don't be seduced into thinking that that which does not make a profit is without value.
There is no pure free-market economy.
But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.
It's estimated that by 2030 there will be virtually no unskilled jobs in the British economy.
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