In the last few decades, the economic climate has shifted dramatically. Globalisation has created an Industrial Reserve Army of millions.
Sir Mervyn King “I think, in emerging market economies, an overwhelming majority vote in favour of what has happened because almost everyone is better off than they were, and would have been. But that’s less evident in the industrialised world where many lower paid people have become even lower paid relative to those who have prospered, and that is a concern.”
