article_snippet: We said at the time the forecast of 13,000 a year was almost worthless.
article_snippet: In fact, it was completely worthless.
article_snippet: respected economist Paul Ormerod argued that it had a ‘barely perceptible’ impact on economic growth per head while suppressing the wages of the less well-off.
article_snippet: It is the relatively unskilled in the bottom half of the distribution who have lost out,’ respected economist Paul Ormerod said.