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  The simple fact that for most businesses giving the staff a pay rise reduces directly the pay of the business owner as would have been the case for Peter. Most business owners work far longer hours than any employee, take big risks and will often even end up with less income than some they employ. The failure rate of businesses is evidence of the latter.
  
  #54 Howard - Of course. Why then do you think I have been saying for ages now that a more aggressive attack on the deficit is needed alongside supply side reforms?
  
  #57 Reg - Yes indeed, the economically ill-educated. If you let the blind lead the sighted.
  
  #61 GaryC - You have to get to that first and that is the whole point. Though defining 'full employment' is another subject on its own.

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