Tuesday , August 21 2018
Home / Yanis Varoufakis: Thoughts for the Post-2008 World / A pan-European living wage as a condition for authentic Freedom of Movement

A pan-European living wage as a condition for authentic Freedom of Movement

Summary:
Britain used to have wage councils that set the minimum wage per sector. Mrs Thatcher saw to it that they were abolished, together (effectively) with trades unions and council houses – thus yielding the present Precariat-Proletariat whose palpable anger and frustration is evident across the land. There is no doubt that we need to bring back a modernised for of wage councils. Not just in the UK but across Europe! It is the only way we can safeguard genuine freedom of movement. Here is why: The oligarchs in Eastern Europe, and elsewhere, want the freedom of moving their money around and the freedom to export surplus labour from their country – people who would rather stay at home if a living wage were available

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An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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