July 29, 2013

"wage share has been repressed, hampering spending in the domestic economy" Japan

"weaker unions often lead to excess profit share going to management and investors. That in turn strangles spending in the economy- something that can be seen in .... a democratic capitalist society like Japan....wage share has been repressed, hampering spending in the domestic economy"

Source: The dangers of banking safely 
by Andrew Cornell
Australian Financial Review
Monday 29th July 2013, page 30

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