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National minimum wage rise still fails to cover living costs, study shows | Society | The Guardian
Workers on the national minimum wage would still need to work for an extra six weeks just to cover their everyday living costs, despite an inflation-beating pay rise from this weekend, according to analysis.

More than 2 million workers are to receive a pay rise of at least 4.4% from Sunday, as the government’s national living wage increases to £7.83 per hour from £7.50 for over-25s. The increase amounts to more than £600 per year for full-time workers on basic pay.
minimum  wage  Precariat  working  poor  poverty  trap  UK  Mindestlohn  Aufsticker  Hartz-IV 
march 2018 by asterisk2a
(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 
february 2018 by asterisk2a
Why Antonio Gramsci is the Marxist thinker for our times : CriticalTheory
Communism will arrive through democracy and culture, not through a violent Revolution. Most people must be convinced to give socialism a shot in the government. He rejected the idea of "Dictatorship of the proletariat" as dangerous.
Marx  Socialism  Proletariat  Precariat  working  poor  poverty  trap 
february 2018 by asterisk2a
Homebase owners may close up to 40 stores - BBC News
[first the supermarkets, then everyone else, also UK restaurant trade struggling, especially mid-market! anything above your payday takeout, also housing growth is slowing down thus DIY ] UK retailers are struggling in the face of rising inflation and fragile consumer confidence.

Several store chains have announced job cuts recently, including supermarket giants Tesco, Sainsbury's and Asda.

Homebase's rival, B&Q, last week said it was cutting 200 jobs at its head office in Hampshire as part of a cost-cutting drive. &! https://www.theguardian.com/business/2018/feb/05/uk-services-sector-growth-falls-hotels-restaurants-brexit - Demand weakens for services such as restaurants and hotels amid ongoing Brexit uncertainty
UK  Brexit  disposable  income  economy  discretionary  spending  growth  wage  Productivity  High  Street  Precariat  working  poor  poverty  trap  social  mobility  pay  rise  inflation  broke  household  debt  credit  card  leverage  recovery  secular  stagnation  history  GFC  Austerity  underinvestment  output  gap  HighStreet  Services  Service 
february 2018 by asterisk2a
Many graduates earn 'paltry returns' for their degree - BBC News
#shambles // between a fifth and a third of graduates take non-graduate jobs, and that any extra returns for having a degree "vary wildly". // got to uni or get fucked by life - aka Precariat poverty trap tl;dr // nothing in between not step ladder! nothing technical. also no assistance, was cut by Tories //
UK  University  College  degree  higher  education  policy  student  debt  loan  disposable  income  discretionary  spending  growth  Privatisation  Tony  Blair  meritocracy  meritocratic  social  mobility  Austerity  Productivity  Services  economy  output  gap  potential  Precariat  working  poor  poverty  trap  Brexit  JAM 
february 2018 by asterisk2a
Shares in UK government contractor Capita plunge 40% after profit warning | Business | The Guardian
Major UK outsourcing group stuns City with profits warning, as new CEO admits the company is too complex and freezes its shareholder dividend. 10.30am: Shares down 42% at 15-year low. New CEO says company must change. Capita wants to raise £700m from shareholders. Worries over £381m pensions deficit
Carillion  Capita  Privatisation  UK  Austerity  Council  NHS  Prison  outsourcing  pension  scheme  bailout  TBTF  taxevasion  taxavoidance  CEO  pay  shareholder  dividends  working  poor  sub-contractor  contractor  Precariat  insecurity 
january 2018 by asterisk2a
(5400) Aufstieg oder Abstieg? | Exakt | MDR - YouTube
https://youtu.be/Zwht_rM_zqU // Herkunfts bestimmt, weil Herkunft laesst sich nicht abschuetteln. "Habitus" in Soziologie genannt. ... Socialism - Ganztagsgesamtschulen ... // Granulare Gesellschaft Granularer Lebenslauf
Sociology  social  mobility  income  diversity  BAME  Gesellschaft  Zivilgesellschaft  education  policy  Kindergarten  poverty  trap  Psychology  working  poor  Precariat  structural  unemployment  long-term  child  mental  health  environment  meritocracy  meritocratic  Austerity  Council  influence  Socialism  PISA  OECD  inequality  gini  Coefficient  UK  Germany  Abstieg  segregation  Elite  1%  middle  class  Super  Rich  Plutocracy  Lobby  Soziologie  post  code  lottery  discrimination  equality 
january 2018 by asterisk2a
Sports Direct and its staffing agencies paid workers £1m too little | Business | The Guardian
HM Revenue & Customs said this policy amounted to a uniform and a deduction from pay to cover the clothing took pay below the legal minimum. Primark has since introduced a more flexible policy and provides some clothing free.

A Primark spokesperson said: “The average amount paid back per employee was £23.75 and relates to a workwear policy that was changed in 2016.”
minimum  wage  working  poor  exploitation  Capitalism  neoliberal  policy  neoliberalism  workers  trade  union  HMRC  tax  evasion  avoidance  poverty  trap  zero  hour  contract  part-time  taxcredit  self-employment  Precariat  No  Representation  income  growth  social  mobility  discretionary  spending  disposable 
december 2017 by asterisk2a

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