Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Terrence McDonough:
What has happened in terms of the free movement of capital relative, to some extent, to the free movement of labour, is that one of the sources of the problems which I identified, which is wage stagnation in much of the world and increasing inequality in this corner of the world, particularly, has been the radical change in the bargaining power of capital relative to labour and the free movement of capital is the conditioning of that-----
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