“This prize is a serious indictment of many economists in that it has taken some thirty years for the facts to be given prominence over a damaging and groundless idea. At a time when the world needs evidence-based and scientific research to tackle a global pandemic, economics too needs to be based on factual analysis rather than ill-informed and ideological speculation dressed up as legitimate policy advice.
“Ensuring minimum living wages through statutory processes or collective bargaining is crucial to ending poverty; reversing the long-term trend of declining labour income shares; increasing demand; and building the basis for recovery – with jobs, decent work and resilience – in an increasingly unequal world.”
“This prize is a serious indictment of many economists in that it has taken some thirty years for the facts to be given prominence over a damaging and groundless idea. At a time when the world needs evidence-based and scientific research to tackle a global pandemic, economics too needs to be based on factual analysis rather than ill-informed and ideological speculation dressed up as legitimate policy advice.
“Ensuring minimum living wages through statutory processes or collective bargaining is crucial to ending poverty; reversing the long-term trend of declining labour income shares; increasing demand; and building the basis for recovery – with jobs, decent work and resilience – in an increasingly unequal world.”