July Links
You might have heard of a company named vGo . They make telepresence robots and have had some success selling them, though they haven't grown much recently. Well, we (Vecna) bought them . So, the Tories have announced some new economic policies including replacing assistance to the poor with a higher minimum wage. That's sort of odd for a conservative government. The general consensus among economists is that raising the minimum wage within reasonable bounds tends to help poor people overall at the expense of a modest increase in unemployment. Policies with drawbacks are always uncomfortable and some on the left have argued that there isn't actually any disemployment effect. But some on the right have argued that a loss of jobs is actually a good thing because it disproportionately affects foreigners. That view was not uncommon when minimum wage laws were first being proposed but I can only find one person baldly advocating that view ...