Professor Sam Bowles argues that inequality pulls production away from value creation to protecting and securing the wealthy's assets: one in five of the British workforce, for example, works as "guard labour" – in security, policing, law, surveillance and forms of IT that control and monitor.
The higher inequality, the greater the proportion of a workforce deployed as guard workers, who generate little value and lower overall productivity.
http://www.theguardian.com/commentisfree/2013/dec/29/worlds-largest-economies-and-their-future
The higher inequality, the greater the proportion of a workforce deployed as guard workers, who generate little value and lower overall productivity.
http://www.theguardian.com/commentisfree/2013/dec/29/worlds-largest-economies-and-their-future
Interesting -so true, but never really thought about 'guard workers' before
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