Torsten Bell from Resolution Foundation on what the #minimumwage has not fostered: a country where the low waged have a stable & secure existence.

Some will see this as a logical outcome of #capitalism, but as a reformist I think we can do capitalism a lot better than this; our rentier capitalism chews up the poor & spits them out having extracted what it can from them, but it doesn't have to be like this;

That said, time is running out for #capitalists to save themselves through reform!