It happens so often that policy changes in the UK, Europe or the US show up here that it's worth keeping an eye on them. Sometimes it happens the other way around.

The UK govt recently increased what was known as the minimum wage but they called it the Living Wage. As so many commentators have joked though, nobody can actually live on it unless you don't have a roof and eat baked beans every day. The rate is 7.20 pounds per hour or about $13.50 Aus.

The mantra that goes with it is: "The government wants to move from a low wage, high tax, high welfare society to a higher wage, lower tax, lower welfare society." Do people actually take in a statement like that or does it just go Zzzip!

But this is the bit that caught my attention. You don't actually become entitled to the Living Wage until you're 25. Now is that going to travel round the western economies?

Death to the under 25s. Quite right too.

it used to be called incentive..