Britain’s squeezed households largely explain the country’s flatlining economy :
HENRY FORD said that it was customers, not employers, who really pay workers’ wages; employers merely look after the cash. Ford also thought economies did best when workers could afford to buy the goods that they make. These old American ideas do a good job of explaining Britain’s consumer slump. Digging into a typical household’s accounts suggests when it might end... (The Economist)
Read More : http://www.economist.com/news/britain/21573132-britains-squeezed-households-largely-explain-countrys-flatlining-economy-dropping-shopping
HENRY FORD said that it was customers, not employers, who really pay workers’ wages; employers merely look after the cash. Ford also thought economies did best when workers could afford to buy the goods that they make. These old American ideas do a good job of explaining Britain’s consumer slump. Digging into a typical household’s accounts suggests when it might end... (The Economist)
Read More : http://www.economist.com/news/britain/21573132-britains-squeezed-households-largely-explain-countrys-flatlining-economy-dropping-shopping