Big firms, however, have to take on more risk in order to generate the sorts of profits that their stockholders have come to expect.

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That competition will take the form of improving wages and conditions in order to attract that labour so that profits can be made from them.

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Yet it also seems unfair to take money from those who have worked hard and give it to those who have not, or to take away the profits of those who have risked their life savings to bring a new invention to market in order to help those who have risked nothing.

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