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10分六合

2017-08-02    ????:?????±±¨    ?? ??     

The 26m employed Britons earn on average ?ê90 ($112) a day.

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Covering the shortfall would cost around ?ê120bn a year, equivalent to the budget of the National Health Service.

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The Greens' proposals encounter two problems.

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First, the theory.

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They argue that the reduced hours worked by some could be redistributed to others in order to lower underemployment.

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They thus fall prey to the “lump of labour fallacy”, the notion that there is a fixed amount of work to be done which can be shared out in different ways to create fewer or more jobs.

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In fact, if people worked fewer hours, demand would drop, and so fewer working hours would be on offer.


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Second, the cost.

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Increased productivity could cover some of the costs of paying a five-day wage for a four-day week, suggests Sarah Lyall of the New Economics Foundation, a think-tank.

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She points to a Glasgow marketing company that did just that, and experienced a 30% leap in productivity.

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But that is an astonishing increase to expect across the board.

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The Greens say they are in the early stages of exploring the idea and have not yet produced firm costings.

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It might be useful to do so before next month's local elections.

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That leaves little time—but presumably the party's policymakers will raise their productivity accordingly.

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