Should-Read: Bill Emmott: Escaping the Wage Trap: “The main reason governments are leery of intervening in labor markets… https://www.project-syndicate.org/onpoint/escaping-the-wage-trap-by-bill-emmott-2017-05 …is bad memories of failed wage and price controls during the high-inflation 1970s. But a second, more current, reason is that businesses everywhere lobby them to keep out…. It’s time to ignore the lobbies and take … Continue reading Should-Read: Bill Emmott: Escaping the Wage Trap