John Stepek

speaker

2,659 appearances 29 recordings 1 series first heard Apr 2026 last heard yesterday

John Stepek’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Jul 2026 with 7.

Appearances

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Merryn Talks Money · Live from Fringe: What Adam Smith Can Teach Investors About AI and Investing · 2 Sep 2026 podcast

Um, you know, there's a lot of angst about well how are we going to get all these young people back to work? matched

And of course, what nobody can like really talks about is the fact that since twenty twenty four we've jacked up the price of employing someone under the age of twenty one by about twenty five percent. matched

Um instead of kinda saying, right, well matched

Maybe we should revisit what we did because in the first place the price went up or rather sorry, the the minimum wage went up because a politician thought young people should be paid more. matched

Let's put the minimum wage up and that'll that'll sort that out. matched

And then of course the knock on consequence is that it's harder for young people to get jobs because it's much more expensive to employ young people. matched

And rather than thinking, well, this was a predictable second order consequence of putting the price of them up. matched

Instead they turn around and come up with yet another system. matched

So in this case it's kinda like, you know, saying, Oh well, Sainsbury's are going to offer work experience. matched

Um or we're going to introduce lots and lots of kind of new uh uh matched

apprenticeships. matched

Um and so you start patching up all the things that you've already messed up. matched

And I think that matched

In order to th well yeah, I mean this is it. matched

We we kinda need to get away from doing this. matched

And for investors, because obviously we quite often come back to investment. matched

I think that the the the kind of big uh systemic kind of a attack on prices, if you like, at the moment that we're seeing is politicians trying to set prices in the bond market. matched

And I think that's where you get matched

Kind of Adam Smith's way of doing things through free markets and through people responding as individuals um and free markets setting prices coming up against the men of system. matched

Yeah, and it's it's that it's it's very frustrating to see this m mistake happening over and over again because it's not just here, it's the same in it's the states as well. matched

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