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Money Talks from The Economist

Money talks: Another pay rise?

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 2 May 2017

⏱️ 16 minutes

🧾️ Download transcript

Summary

Callum Williams joins presenter Simon Long to examine the merits of Labour leader Jeremy Corbyn’s proposal for a £10 minimum wage. The Chinese investors who idolise American billionaire Warren Buffet. Why a gender gap among Economics students could cause problems down the road

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Transcript

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0:00.0

It's every man for himself. Only those who are ruthless will succeed.

0:06.0

Only the biggest and strongest will survive.

0:09.0

That's the law of the jungle. That's the way it's always been. But the rules of

0:15.3

business and society have changed. Innovators are now top of the food chain.

0:20.8

Power has no sex. Prejudice has no sex, no sex, prejudice has no place,

0:25.0

strength is now measured in agility,

0:28.0

tradition is history.

0:30.0

The law of Tomorrow.

0:33.0

Discover what you can do with it today at mishcon.com.

0:36.0

Michkonderea, it's business, the Economist's finance editor, and you're listening to Money Talks.

0:50.0

Coming up on this program, who would really benefit from a 10 pound minimum wage?

0:54.4

The people that will be put out of work will be the ones who are the lowest skilled and probably were the lowest paid before.

0:59.8

It's not clear that it's going to really help those people.

1:02.3

The cult of Warren Buffett in China.

1:04.7

It's much more of a casino in China

1:07.2

than it is in developed markets.

1:08.5

But that hasn't stopped a whole range of investors

1:11.4

from either being called or calling themselves the Warren

1:14.3

Buffett of China and an investigation into the gender gap in economics.

1:18.6

Economics is now less female than chemistry and it's less female even than maths. I think it does matter

1:25.2

because of the role economists play in policy-making. The British election

1:31.1

campaign is now well and truly underway,

...

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