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Best of the Spectator

The Edition: who’s afraid of rising wages?

Best of the Spectator

The Spectator

News Commentary, News, Daily News, Society & Culture

4.4785 Ratings

🗓️ 16 September 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

In this week’s episode: is Brexit to blame for the rise in blue-collar wages? With labour shortages driving wages up, many have blamed Britain’s removal from the single market. However, this week in The Spectator, Matthew Lynn argues that shocks and price signals are how the free-market economy reorganises, and that we are experiencing a global trend just like America and Germany. Simon Jenkins, columnist for the Guardian, joins Matthew to discuss. (00:45)

Also this week: the British Medical Association has dropped its opposition to assisted dying, but is euthanasia really a dignified and painless process? Dr Joel Zivot asks this question in The Spectator magazine, drawing upon his own experience as an expert witness against the use of lethal injection in America. Dr Jacky Davis, radiologist and chair of the Healthcare Professionals for Assisted Dying, disagrees. Davis, who pushed the motion causing the BMA to change its position, calls claims that assisted dying is a painful process 'unscientific shroud-waving', a claim she debates with Dr Zivot this week. (13:43)

And finally, Non-Fungible Tokens are selling at extortionate prices online, and are proudly hanging on the virtual walls of many. But can they really be considered art? Jack Rivlin writes about his own experience of purchasing NFTs in this week's Spectator. He is joined by Nima Sagharachi, director of Middle Eastern, Islamic and South Asian Art at Bonhams. (30:20)

Hosted by William Moore

Produced by Sam Holmes and Oscar Edmondson

Transcript

Click on a timestamp to play from that location

0:00.0

This podcast is sponsored by Canacord Genuity Wealth Management, award-winning wealth managers who go

0:06.2

above and beyond to support and guide you. Visit can-dowealth.com to start building your wealth with

0:13.0

confidence. Hello and welcome to the edition podcast from The Spectator.

0:23.7

Each week, we take a look at some of the most important and intriguing stories from the issue and the writers behind them.

0:30.2

I'm William Moore, the Spectator's Features Editor.

0:33.3

This week, what's behind the rise in workers' wages?

0:36.6

Plus, how painless is assisted dying?

0:39.4

And finally, are NFTs memes or masterpieces?

0:44.1

First up, workers' wages are rising faster than they have in years.

0:48.7

Why?

0:49.6

That's the question Matthew Lynn tries to answer in our cover story this week.

0:53.4

He joins me now,

0:54.9

along with Guardian columnist Simon Jenkins. Matthew, in this week's cover story, you look at the

1:00.7

extraordinary changes we've seen in the labour market in the last year. Workers' wages are rising,

1:06.3

but at the same time, the labour shortage has led to empty shelves and closed restaurants.

1:13.5

To what extent do you think Brexit's behind all this?

1:17.2

Well, I mean, Brexit certainly hasn't helped.

1:20.8

I mean, it's certainly a factor in what's going on.

1:25.0

I mean, just to sort of step back for a moment, I mean, certainly on the wages front,

1:26.6

you know, it's extraordinary.

1:29.4

It's quite short term. We don't quite know how long it's going to last.

1:49.0

But, you know, celerating wages of 7 or 8% across the board, 20 to 30% in certain blue collar sectors such as truck driving and ware housing and other areas like that, you know, kind of things we haven't seen since, you know, the immediate kind of post-war boom. Is Brexit the blame for that? It's definitely part of the story. You know, we've stopped free movement with it with Eastern Europe, which, you know, a lot of the British economy,

...

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