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(112) Peter Thiel EDUCATES College Professor who asks: "What's your problem with higher education?" - YouTube
education bubble // what good is higher education? investment? consumption? an insurance not to be left behind? then why is insurance so expensive *if it were insurance, then meritocracy claim is invalid bc you take out future earning to get a step higher on the ladder? competitive tournament to pay an entry fee (excluding people)?
education  bubble  policy  UK  USA  student  debt  loan  competition  competitive  competitiveness  neoliberal  neoliberalism  Capitalism  globalisation  globalization  leftbehind  left-behind  poverty  trap  Precariat  working  poor  social  income  mobility  ladder  meritocracy  meritocratic  Peter  Thiel 
2 days ago by asterisk2a
Capitalism’s Crisis of Stagnation and Austerity
After the 2008-09 financial crisis, the hope was that a combination of economic recovery, inflation and austerity would shrink the debt mountain. This, though, was too optimistic. Growth has been below par, inflation subdued and austerity self-defeating. (“Global debt is the danger: beware the butterfly moment” Financial Times 6 January 2018)
Kapital  Capital  productivity  Austerity  economic  history  secular  stagnation  demand  output  gap  UK  USA  Germany  income  growth  debt  bubble  inflation  service  QE  monetary  fiscal  policy  underinvestment  Exploitation  atomised 
3 days ago by asterisk2a
£10,000 proposed for everyone under 55 - BBC News
https://www.reddit.com/r/BasicIncome/comments/7xx8pa/universal_basic_income_of_10000_proposed_for/ - To clarify, the article is proposing a lump sum of £10000 to be paid over two years. It's £5000 per year and, from what I understand, not proposed to be an ongoing program. // evidence for UBI in small form and socialism (same start opportunities capital pathways for all - see book why socialism). mix, hybrid. enabling self-development responsibility future thinking and such. labour market not affected, there is still incentive to do rewarding labour both financiall and socially and personally. also the advancement of technological-scientific chapter of humanity. somebody has to invent space steel ( multi compound alloy for space). //&! https://www.bloomberg.com/news/videos/2018-02-16/what-a-universal-basic-income-could-mean-for-the-labor-market-video
UBI  Universal  Basic  Income  Socialism  Infrastructure  inequality  social  mobility 
3 days ago by asterisk2a
UK state should pay for housing, food, transport and internet, says report | Business | The Guardian
UK state should pay for housing, food, transport and internet, says report
‘Universal basic services’ costing about £42bn could be funded through higher taxes, say Jonathan Portes and academics //&! http://www.bbc.co.uk/news/business-43078920 - Report proposes £10,000 for everyone under 55 - Most state benefits would be cut under the scheme. The RSA said the dividends would help steer people through the challenges of the 2020s. [...] "Without a real change in our thinking, neither tweaks to the welfare state nor getting people into work alone, when the link between hard work and fair pay has broken, will help working people meet the challenges ahead." [[...] space for skill acquisition, what UK system currently rules out completely ]]!!
UBI  Universal  Basic  Infrastructure  Income  commuter  urban  development  urbanisation  commuting  Socialism  Labour  Policy  SPD  air  pollution  chronic  stress  economic  history  UK  USA  Council  housing  discretionary  spending  disposable  growth  wage  Mark  Blyth  secular  stagnation  Precariat  working  poor  poverty  trap  GFC  recovery  skill  acquisition  social  mobility  education  ganularer  Lebenslauf  University  College  MOOC  meritocracy  Zufall 
4 days ago by asterisk2a
Dollar Street
DOLLAR STREET
In the news people in other cultures seem stranger than they are.
We visited 264 families in 50 countries and collected 30,000 photos.
We sorted the homes by income, from left to right.
See how people really live
income  world  rich  poor  economy 
11 days ago by Quercki
Voluntary Benefits: Short-Term Disability Insurance Is Here For You
Here is everything you need to know about short-term disability insurance and whether it would benefit you.
benefit-period  elimination-period  income 
12 days ago by Adventure_Web
The Gender Earnings Gap in the Gig Economy: Evidence from over a Million Rideshare Drivers
The growth of the "gig" economy generates worker flexibility that, some have speculated, will favor women. We explore one facet of the gig economy by examining labor supply choices and earnings among more than a million rideshare drivers on Uber in the U.S. Perhaps most surprisingly, we find that there is a roughly 7% gender earnings gap amongst drivers. The uniqueness of our data—knowing exactly the production and compensation functions—permits us to completely unpack the underlying determinants of the gender earnings gap. We find that the entire gender gap is caused by three factors: experience on the platform (learning-by-doing), preferences over where/when to work, and preferences for driving speed. This suggests that, as the gig economy grows and brings more flexibility in employment, women’s relatively high opportunity cost of non-paid-work time and gender-based preference differences can perpetuate a gender earnings gap even in the absence of discrimination
income  economics  gender  platform_economics  labor  econometrics 
12 days ago by rvenkat
The Numbers Game: How's The Middle Class Doing - YouTube
We often hear that the middle class is stagnating and making no economic progress over the last four decades. Those making this claim use statistics to back ...
statistics  income  economics  middle_class 
13 days ago by jmartindf

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