We’ve heard it all before: the CBI and the Living Wage

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The FT has a headline today that says:

Living wage will hit profits and jobs, warns new CBI head

It really is time these people have heard all this before. The world was going to collapse with the introduction of the minimum wage in 1999, remember?

It didn't. Employment grew.

When will the CBI learn Henry Ford's lesson that paying people enough so that they can afford to buy the products business wants to sell is the most basic pre-condition of success?


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