asterisk2a + employment   104

Uber loses court appeal against drivers' rights - BBC News
[ ANOTHER COURT IN UK SAID, UBER DRIVERS ARE EMPLOYEES.] Uber said there were two further possible stages in the appeal process - the Court of Appeal and the Supreme Court. &! Deliveroo - http://www.bbc.co.uk/news/business-41983343 - But the CAC found they were self-employed because of their freedom to "substitute" - allowing other riders to take their place on a job. &! http://www.bbc.co.uk/news/business-41980922 - Handy gig cleaning app. and its policy acts causes social media row.
UK  Uber  Platform  1099  Self-Employment  gig  Economy  on-demand  working  poor  poverty  insecurity  Precariat  minimumwage  Mindestlohn  TaskRabbit  neoliberal  Exploitation  workers  rights  trade  union  neoliberalism  Capitalism  profit  maximisation  PAYE  NI  taxation  pension  scheme  bailout  welfare  state  recovery  Technology  totalitarianism  technocracy  Super  Rich  1%  Plutocracy  Oligarchy  evasion  avoidance  tax  employment  law  Deliveroo 
november 2017 by asterisk2a
Almost all the 10 million jobs created since 2005 are temporary — Quartz
“We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment. - https://www.reddit.com/r/Economics/comments/79jmuh/almost_all_the_10_million_jobs_created_since_2005/
USA  economic  history  workers  trade  union  recovery  GFC  secular  stagnation  social  income  mobility  inequality  job  creation  Precariat  working  poor  security  insecurity  1099  gig  economy  Self-Employment  part-time  Uber  on-demand  profit  maximisation  capitalism  neoliberal  neoliberalism  benefits  welfare  state  tax  credits  evasion  avoidance  Austerity  BarackObama  DonaldTrump  Donald  Trump  Brexit  AfD  poverty  trap  post-racial  American  Dream  UK  Germany  btw17  lobby  vested  interest  No  Representation  employment  Zeitarbeit  Leiharbeit  Werkvertrag  Agenda  2010  Agenda2010 
october 2017 by asterisk2a
Festival of Economics 2014: Will the Robots Eat all the Jobs? - YouTube
gov needs to smooth transition! education that focuses on analytics, creativity and research. and an economy w more capital investment! [...] link CXX pay w investment, not shareprice or company value per se. and/or mend the tax code to generously reduce corporation tax rate w how much they invest of their turnover, on a linear scale.
technological  unemployment  Universal  Basic  Income  Grundeinkommen  structural  unemployment  long-term  unemployment  skill-biased  technological  change  Industrial  Revolution  Mobile  Creative  Mobile  Creatives  self-employment  Precariat  precarious  employment  precarious  work  working  poor  Zero  Hour  Contract 
july 2016 by asterisk2a
The Incredible Shrinking Middle Class - YouTube
Canada: Generation Jobless - https://youtu.be/4UUuMWqA8eE - "The Plight of Younger Workers" (Report).& underemployed graduates w fancy sounding degrees. [...] EDUCATION INFLATION! [...] an education does no more guarantee a comfortable middle class jobs, and parents are disappointed. [...] globalisation of workforce plus automation, robotics, AI, augmented intelligence. the new GM's and Toyota's and DuPonts need less and less workers to catch ever greater pies of the current and future economy. [...] rise of the project focused self-employed and the Gig Economy. //&! (USA) Invisible Reality; The Working Poor - youtu.be/806PSngTKgg //&! FULL STORY: Generation Poor - youtu.be/lB4w8MQPdEE //&! FULL STORY: The Labour Trap - youtu.be/cHBo3LgXUPA - precarious work is now more and more the norm. as well as exploitation of those conditions.
squeezed  middle  class  working  poor  Precariat  precarious  employment  precarious  work  Zero  Hour  Contract  part-time  part-time  employment  underemployed  underemployment  structural  unemployment  overqualified  overqualification  social  mobility  income  mobility  western  world  USA  secular  stagnation  GFC  economic  history  Student  Loan  Bubble  debt  loans  youth  unemployment  demographic  ageing  population  Canada  OECD  low  pay  globalisation  emerging  middle  class  automation  Robotics  Robots  AI  artificial  intelligence  augmented  intelligence  self-driving  cars  autonomous  car  autonomous  cars  linkedin  IBM  Microsoft  Facebook  Instagram  WhatsApp  Oracle  Google  temporary  work  babyboomers  Baby  Boomers  self-employment  Gig  Economy  1099  Economy  Higher  Education  internship  apprenticeship  apprenticeships  exploitation  profit  maximisation  profit  maximization  shareholder  value  capitalism 
june 2016 by asterisk2a
UK GDP growth – beware the march of the spenders | Business | The Guardian
the breakdown was deeply troubling. What it showed was an economy unhealthily reliant on consumer spending. Real household spending was up 0.7% on the quarter and added 0.5 percentage points to the growth rate. In other words, the other components of growth – investment, trade and government spending – contributed -0.1 points to growth during the first three months of the year. [...] drop in business investment, which was down both over the quarter and over the year. //&! bit.ly/1RjxDnh - Making things matters. This is what Britain forgot. Ha-Joon Chang. The neglect of manufacturing and over-development of the financial sector is the cause of the economy’s decline, not fear of leaving the EU
UK  2016  recovery  Manufacturing  George  Osborne  industrial  policy  David  Cameron  austerity  Brexit  secular  stagnation  USA  world  economy  underinvestment  Smart  Grid  competitiveness  competitive  advantage  competitive  China  Steel  Crisis  Steel  Industry  BRIC  European  Union  Fiscal  Pact  Schuldenbremse  ZIRP  NIRP  distortion  policy  monetary  policy  Mark  Carney  short-termism  short-term  thinking  short-term  view  Career  Politicians  general  election  2015  general  election  2020  Conservative  Party  neoliberalism  neoliberal  tax  evasion  tax  avoidance  Panama  Papers  HMRC  income  tax  receipts  employment  self-employment  Precariat  minimum  wage  wage  growth  productivity  output  gap  savings  rate  housing  bubble  property  bubble  business  confidence 
may 2016 by asterisk2a
Martin Lewis conforonts Osborne over his living wage con
companies cut back on perks, lunch breaks, and paid overtime arrangements. or change work arrangement; change to being self-employed contractor. //&! As predicted Osborne's national living wage is a con - youtu.be/MQfEWTN5hR4 - cut of overtime and weekend pay bonus. - ALSO THERE COMES AGE DISCRIMINATION. BECAUSE starts not for students!/<25years old! //&! bbc.co.uk/news/business-36082247 - Osborne warns firms not to cut perks on back of National Living Wage
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april 2016 by asterisk2a
IMF urges more spending to boost growth
Fund’s steering committee calls for more forceful stimulus and warns monetary policy alone is not enough //&! http://www.theguardian.com/business/imf //&! bit.ly/1V9pfhD - IMF chief: regulators long 'alarmed' over Panama's handling of taxation. Christine Lagarde responds to Panama Papers revelations, noting that authorities were concerned but did not take ‘expected’ action.
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april 2016 by asterisk2a
Capitalism and Mental Health: How the Market Makes Us Sick
POVERTY TRAP! // we were never as miserable as a nation as ever before.
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april 2016 by asterisk2a
What Happens Next (In Europe)?
the odds of another crisis are higher than a rally to fresh records. [...]
“The 2009-2015 rally originated from two main drivers: a massive stimulus, and credit expansion in China,” said Goette, who’s a partner at his firm in Zug, Switzerland and helps oversee 1 billion Swiss francs ($1 billion).

“European earnings have not followed suit so far. Skepticism regarding central-bank operations has started to emerge.”
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april 2016 by asterisk2a
Piketty: EU should welcome one million immigrants a year
"The European Union has the capacity to absorb a large flow of migrants, one million per year in terms of inflow net of outflow," he said.
"This is exactly what we had between 2000 and 2010 and this was working in the sense that unemployment was being reduced.
"The problem is - with the austerity policies and with the recession - now we are in a situation where it's very difficult in particular with southern Europe, with the terrible economic situation that we have created there in particular." [...] The population of the EU has only risen by 0.2% a year since 1995, he argues, compared to 1.2% for the world's population over the same period.
According to Eurostat, the official statistical arm of the European Commission, a total of 3.4 million people came to the EU during 2013. Some 2.8 million left, leaving a net immigration figure of around 600,000. [S]low growth [...] exacerbated not just by a lack of immigration but also by austerity policies aimed at reducing public expenditure. [EU in recession 2011 forward]
immigration  migration  refugee  crisis  Integrationspolitik  Sozialpolitik  youth  unemployment  austerity  GFC  secular  stagnation  Richard  Koo  ageing  population  demographic  bubble  social  safety  net  pension  obligation  economic  history  welfare  state  Gini  coefficient  Super  Rich  inequality  social  mobility  income  mobility  plutocracy  oligarchy  Precariat  working  poor  squeezed  middle  class  hartz-iv  Aufstocker  neoliberal  neoliberalism  Soziale  Marktwirtschaft  ALG2  Zeitarbeit  Leiharbeit  Minijob  part-time  employment  Contractor  self-employment  Zero  Hour  Contract  underinvestment  disposable  income  discretionary  spending  Robert  Skidelsky  bank  bailout  Fiscal  Pact  Schuldenbremse  Wolfgang  Schäuble  Angela  Merkel  Leadership  Wall  Street  shareholder  capitalism  crony  capitalism  lobby  No  Representation  Career  Politicians  democracy  European  Union  UK  Elizabeth  Warren  Paul  Krugman  Robert  Reich  Joseph  Stiglitz  carbon  tax  policy  folly  policy  error  right-wing  far-right  Rechtsruck  recovery  nominal  GDP  targeting  inflation  targeting  finite  resources  resource  depletion  GNP  GDP  GDP  measurement  profit  maximisation  profit  shareholder  policy  income  inequality  income 
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
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april 2016 by asterisk2a
Angestellte bei Airbnb und Uber: "Diese Jobs schaffen ein neues Prekariat"
AirbnB und andere Firmen tun so, als hätten sie eine soziale Mission. Doch laut dem Buchautor Tom Slee beuten sie ihre Angestellten schlimmer aus als herkömmliche Firmen - und begünstigen totale Überwachung. // SPIEGEL: Es gibt Ökonomen, die sehen in diesen neuen Jobs auch eine Chance.

Slee: Diese Jobs schaffen ein neues Prekariat. Die dahinterstehenden Plattformen tarnen sich als Innovation, bauen aber auf unbegrenzte Verfügbarkeit und darauf, Arbeitsgesetze auszuhebeln und alles Risiko den Kleinunternehmern aufzuhalsen. [...] SPIEGEL: Uber und Co gerieren sich oft als Plattformen für freie Miniunternehmer. Sind sie das wirklich?

Slee: Die Leute sind scheinselbstständig, oft werden sie wie Angestellte behandelt. Tatsächlich haben sie etwa die Pflicht, 90 Prozent der angeforderten Fahrten anzunehmen, sonst werden sie gefeuert.
Share  Economy  sharing  Uber  for  X  Uber  Lyft  AirBnB  Book  on-demand  mobile  homescreen  ondemand  convenience  convenience  Service  Sector  Jobs  Precariat  precarious  employment  precarious  work  Contractor  part-time  part-time  employment  Zero  Hour  Contract  1099  Economy  Gig  Economy  neoliberal  neoliberalism  tax  credit  low  pay  low  income  self-employment  labour  market  job  insecurity  job  security  job  market  secular  stagnation  squeezed  middle  class  working  poor  marketplace  efficiencies  TaskRabbit  minimum  wage  TOS  employment  EULA 
march 2016 by asterisk2a
As unicorn startups send customer service gigs to the hinterland, is Silicon Valley exporting its prosperity, or just dead-end jobs?
In the end, only a couple of the San Francisco Lyft staffers decided to go to Nashville. Some scrambled to find new jobs in the company, and the rest got severance and left. Six months later, two people I talked to are still looking for jobs, in a city that boasts a 3.4 percent unemployment rate. “I feel a little burned by this experience,” said one. “There’s just this understanding that if you work for customer service in the tech world you’re not valued. Those are soft skills, and associated with women, they’re not super valued.” [...] With their skills deemed better suited to Nashville, Lyft’s workers can’t help but internalize another message about whether they belong in increasingly Darwinian San Francisco. “It doesn’t make any fucking sense to live in one of the most expensive areas in the country and work in nonprofit development,” one told me.
Another customer service worker I’d talked to from a big software company decided that if she wanted to stick around the Bay Area, it was time to teach herself to code.
Service  Sector  Jobs  low  pay  working  poor  low  income  precarious  work  squeezed  middle  class  job  creation  job  market  job  insecurity  job  security  Silicon  Valley  part-time  Contractor  outsourcing  self-employment  customer  runway  operating  margin  cost  center  cost  of  living  standard  of  living  costcutting  tax  credit  Precariat  precarious  employment  career  ladder  career  advice  IT  Industry  labour  market 
march 2016 by asterisk2a
Perhaps austerity didn't choke off UK recovery - BBC News
But, as I mentioned, the disclosure that we were a bit richer in the last parliament than we thought is not all fabulous news for the chancellor. He and his Treasury colleagues should probably be anxious that the faster growth did not translate into higher tax revenues. In case you need reminding, George Osborne singularly failed to hit the deficit reduction targets he set himself. But the explanation can no longer be that the economy flatlined, because that's not what happened. So if the higher-than-thought growth in the last parliament left the gap between government revenues and expenditures tens of billions of pounds greater than George Osborne hoped, it also suggests that his aspiration of eliminating the deficit in this parliament may prove equally elusive. //&! Despite strong employment growth, wage growth remained historically weak - the usual link between falling unemployment and rising wages seemed to have been broken. - bbc.in/1OEffcS
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october 2015 by asterisk2a
Is Global Economic Doubt Behind the Unchanged Rate? - YouTube
youtu.be/f5_AGIMe32k // much higher $ already put ~25bps on US domestic market. // Fed is a risk manager now // labour market got a check mark, but not inflation bc of tech, stronger$ (taper anticipation), commodities lower, further deflationary pressures (retail price fighting 4 increase like4like sales), globalisation (competition), secular stagnation (continued low growth in western world, lower aggregate demand overall, lower baseline), consumer unable 2pickup where it threw in hat (deleveraging, no savings, debt overhang household, consumer). A new normal of growth of ~3% (give/take) globally aggregate & western wrld (2-2.5%, EU aggregate even lower). In this world, THERE WILL BE NO INFLATION PRESSURE (2% or higher, &3bn ppl free labour wrldwide) IN THE FORESEEABLE FUTURE AS THE REAL ECONOMY 4 EVERY DAY FOLK DOESNT REFLECT REFLATED ASSET PRICES via QE, ZIRP, credit bubbles arnd world enabled by central banks. &! youtu.be/NVa5fkz8X0o &! youtu.be/Ny3bbonX3d0 &! 1.usa.gov/1JdKZxp
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september 2015 by asterisk2a
Jobseeking Surrounded By Fictions, Myths And Convenient Narratives | Welfare Weekly
It is worth remembering that the origin of the social welfare payments by the state was to stop these kinds of moral judgements being made about a deserving and an undeserving poor. The state officially supports the stereotype of sympathy for the ‘deserving poor’ and scorn for the near criminality on the part of ‘scroungers’. [...] unemployed people are forced to drink this [Tories] cool-aid or face destitution. [...] Underlying all this is the deeper fiction that individuals are responsible for their own state of unemployment. [...] There is a broader change in the world of work, - neo-liberalism - whereby the rules developed at the height of the industrial revolution are now fully circumvented by employers [...] transfer the risk and responsibility around labour from the organisation (and state - ie keeping national workforce competitive through various means of education) to the individual. [...] leading 2 lowest common denominator regulation. [short-term, price fight, dereg]
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august 2015 by asterisk2a
The Coming Crash & The Recession That Never Ended - Part 1 - YouTube
Part 2 youtu.be/SpJ4L2QGNI4 [ min 2:00 post WW2 german debt jubilee - American & Britain needed Germany as bulwark against USSR! thus Germany had leverage because it was systemic. Greece is not systemic, nor needed. Thus they openly talk, relaxed, abt Grexit. Grexit was systemic risk in the first ~3 years post GFC, because of underfunded German, Frensh and Belgian zombie banks. 6:00 PIGS generation will be disillusioned about claims of European Union unity! 7:30 austerity ] // &! Part 3 - youtu.be/FWulzJy2oXc Bernie Sanders on inequality &! social mobility, skills gap, ... make-up of USA economy is a impediment to future growth (output gap, no more 3% annually) & also part-cause of inequality ... &! Part 4 youtu.be/8wzDwU1pzpY - China may tumble bc they dont have the internal & global demand for the infrasturcture/economy they have build (debtoverhang, debt servitude) &or social uprising &! USA overreach // Forget QE, Wall Street’s new drug is the stock buyback - on.mktw.net/1HDtdUR
Richard  Wolff  Taper  equity  bubble  China  irrational  exuberance  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  asset  bubble  hunt  for  yield  stock  buyback  fundamentals  economic  growth  recovery  UK  USA  balance  sheet  recession  Europe  Richard  Koo  job  creation  Service  Sector  Jobs  labour  market  participation  rate  underemployed  structural  unemployment  structural  imbalance  Impediments  unemployment  youth  unemployment  long-term  unemployment  Gini  coefficient  income  growth  disposable  income  low  income  income  distribution  income  inequality  wage  growth  wage  stagnation  employment  self-employment  squeezed  middle  class  precarious  work  working  poor  social  mobility  income  mobility  Robert  Shiller  robertshiller  part-time  Contractor  Zero  Hour  Contract  uncertainty  Niedriglohnsektor  minimum  wage  Niedriglohn  Lohnzurückhaltung  lohndumping  Zeitarbeit  Leiharbeit  monetary  policy  fiscal  policy  deleveraging  debtoverhang  savings  rate  debt  servitude  Super  Cycle  behavioral  economics  behavioral  finance  skills  gap  education  policy  vocational  education  economic  history  economic  model  trickle-down  economics  discretionary  spending  dogma  ideology  austerity  neoliberal  neoliberalism  democracy  Career  Politicians  No  Representation  debt  monetisation  debt  stagnation  inequality  history  debt  debt  debt  m 
july 2015 by asterisk2a
Who wins from workplace flexibility? - BBC News
It has to do with something economists call 'the backward bending supply curve of labour.' As with much of economics, this gymnastic-sounding graphic concept is much simpler than it sounds. On the y-axis is pay: on the x-axis hours worked. At low levels of pay, people have to work long hours to make ends meet. Pay them more, give them more security, and they want more time to themselves. Pay them lots, and they offer fewer hours because they want more leisure time, and the opportunity to spend all that moolah. That's where the curve bends back. [...] A big problem with depending on freelance workers or overtime is that you can't be sure the staff are available when vital services need them. And in a sellers' market for working hours, the trains and the health service find themselves in trouble. ... Workforce planning
labour  market  labour  economics  job  creation  NHS  work  life  balance  workforce  worklife  flexible  work  work  environment  employment  knowledge  worker  knowledge  economy  domain  knowledge  bargaining  power  CV  career  advice  career  ladder  disruption  Software  Is  Eating  The  World  Mobile  Creative  Mobile  Creatives  Future  of  globalisation  globalization  competitiveness  competitive  differentiate  differentiation  marketplace  efficiencies  marketplace  Share  convenience  on-demand  self-employment  employability  employabilitie  underemployed  structural  unemployment  output  gap  productivity  digital  economy  borderless  flat 
july 2015 by asterisk2a
Mental health job fear for one in five with stress - BBC News
Working is the most stressful part of many people's lives, over health and money worries, according to a survey form mental health charity Mind. They say one in five people is scared of losing their job if they admit they are suffering from stress, and that 22% of people who said they had disclosed a mental health issue in a previous job had been fired or forced out. Tim Muffett reports. // &! bbc.co.uk/news/health-12986314 - Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years, data obtained by the BBC showed. // &! bbc.co.uk/news/health-12087916 &! bbc.co.uk/news/mobile/business-12086055
stigma  Sozialer  Abstieg  mental  health  mental  illness  discrimination  employment  HR  human  resources  Gesellschaft  Zivilgesellschaft  Zivilcourage  burnout  work  life  balance  beyond  workplace  drama  workplace  chronic  stress  austerity  uncertainty  job  security  recovery  GFC  Great  Recession  underemployed  part-time  unemployment  long-term  unemployment 
june 2015 by asterisk2a
Arbeitsmarkt: Prekäre Beschäftigung belastet Privatleben - SPIEGEL ONLINE
Leiharbeiter, Minijobber und Teilzeitbeschäftigte müssen nicht nur mit geringem Einkommen vorlieb nehmen. Die Berufssituation wirkt sich einer Studie zufolge auch negativ auf ihr Privatleben aus. Besonders bei Frauen. [...] Dabei betrachten die Forscher atypische Beschäftigung nicht pauschal als Teufelswerk, betonen aber den zwiespältigen Charakter: Während Arbeitnehmer befristete Stellen und Leiharbeit ganz überwiegend unfreiwillig und mangels alternativer Angebote übernähmen, sehe das bei Teilzeit- oder Minijobs auf den ersten Blick teilweise anders aus. Insbesondere Frauen entschieden sich häufig bewusst für einen solchen Job, um mehr Zeit für die Familie zu haben. Doch selbst wenn es sich "oberflächlich betrachtet" um eine freiwillige Wahl handele, steckten dahinter oftmals "strukturelle Zwänge", wie etwa fehlende Möglichkeiten der Kinderbetreuung oder die geringe Bereitschaft der Arbeitgeber, den Bedürfnissen von Familien Rechnung zu tragen.
precarious  work  Precariat  underemployed  Zeitarbeit  Leiharbeit  Minijob  minimum  wage  living  wage  gender  inequality  Gesellschaft  Sozialer  Abstieg  squeezed  middle  class  uncertainty  Existenzangst  hartz-iv  liberal  economic  reform  labour  market  labour  economics  Universal  Basic  Income  happiness  index  social  safety  net  welfare  state  tax  credit  tax  code  tax  free  Public  Services  Services  Schuldenbremse  austerity  Fiscal  Pact  chronic  stress  poverty  child  poverty  food  poverty  poverty  in  old  age  social  mobility  mobility  vocational  education  Gini  coefficient  Germany  mental  health  mental  illness  Oxidative  stress  health  health  policy  child  care  atypical  employment  structural  unemployment  long-term  unemployment  unemployment  microeconomic  policy  burnout  sociology  class  warfare  Soziale  Marktwirtschaft 
june 2015 by asterisk2a
Osborne faces up to productivity challenge - BBC News
UK is 30% behind USA and Germany in terms of productivity. // most job creation was in service sector jobs / manual labour - no net new jobs stemming from productive investments in new technology/manufacturing/R&D ... the future. The Future is obviously not made in the UK. And stuff is not made what people use across the globe.
George  Osborne  UK  productivity  recovery  income  growth  living  standard  GFC  employment  labour  market  labour  economics  underinvestment  productive  investment  general  election  2015  Industrial  Revolution  2.0  Future  of  Work  Mobile  Creatives  Mobile  Creative  output  gap  Niedriglohnsektor  Service  Sector  Jobs  job  creation  microeconomic  policy  microeconomics  macroprudential  policy  macroeconomics  macroeconomic  policy  Makers  short-term  thinking  short-term  view  austerity  fiscal  policy 
may 2015 by asterisk2a
Tom Keene's Excited: Counting the Labor Economy - YouTube
break of a trend of rise in net new job creation // rise in uncounted unemployed - biggest count among them black, latino, mexican, // also unaccounted - how much, what sliver of the 2000s stagnation is self-employment numbers where you just make ends needs just about barely inching towards living wage but far off at your cushy old job with a middle class wage. Picture also highlights that 2000 dot.com recovery was a debt fueled recovery. As well as is the recovery from the GFC. Lay over that graph also GDP and GDP per capita. And S&P500 (w dividends, w revenues of businesses in the S&P500 USA companies US business) That will show. //
21stcentury  2000  labour  market  labour  economics  USA  Western  World  globalisation  Industrial  Revolution  2.0  borderless  competitive  competition  competitiveness  Career  Politicians  short-term  thinking  short-term  view  Wall  Street  contractor  Zero  Hour  Contract  outsourcing  job  creation  Industrial  Revolution  economic  history  Software  Is  Eating  The  World  unemployment  underemployed  workforce  participation  rate  self-employment  employment  structural  unemployment  secular  stagnation  dot.com  recovery  GFC  austerity  IMF  OECD  UK  Europe  Germany  squeezed  middle  class  middle  class  disposable  income  discretionary  spending  economics  of  abundance  marginal  cost  academia  academics  ZIRP  NIRP  QE  debt  monetisation  debt  monetization  bailout  social  cohesion  policy  error  policy  folly  Workers  Union  Millennials  babyboomers  generationy 
may 2015 by asterisk2a
Mark Hatch & Thomas Kalil | Studio SX | SXSW ON - YouTube
min 8:30 // by 2030, 50% of the employment will be self-employed, contractors, freelancers, consultants ... including on the manufacturing side. not just knowledge workers and the services industry. // western world's middle class and affluence gets hollowed out by the rise of the rest, loss of competitive advantage, and the 2nd industrial revolution. taking greater share of the growth of the global economy, compared to western world.
labour  market  labour  economics  Future  of  Work  self-employment  employment  precarious  working  poor  uncertainty  Zeitarbeit  freelancing  freelance  contractor  Zero  Hour  Contract  consulting  Share  Economy  Services  Industry  service  Niedriglohnsektor  knowledge  worker  knowledge  3D  printing  on-demand  marketplace  marketplace  efficiencies  SME  SMB  Software  Is  Eating  The  World  algorithm  Manufacturing  Robotics  automation  flat  borderless  globalisation  globalization  competitive  Western  World  secular  stagnation  Industrial  Revolution  Industrial  Revolution  2.0  economic  history  protection  protectionism  GFC  output  gap  productivity  recovery  sovereign  debt  crisis  Super  Cycle  squeezed  middle  class  standard  of  living 
april 2015 by asterisk2a
Why 'secular stagnation' matters - BBC News
The question at stake is the issue of "secular stagnation", which is probably the biggest and most important controversy in macroeconomics today. This is not though a debate for the ivory tower, it's an issue with significant real world implications. [...] So what is secular stagnation? It's an idea that originated in the late 1930s with the US Keynesian economist Alvin Hansen. He worried that growth was fundamentally slowing and emphasised demographic factors (such as slowing population growth) as a driver of this. [ western world needs immigration as reproduction level is below 1, capitalism and our economics is fundy based on econ growth, but that is, on the horizon, not possible (excl inflation). what if population is stable!? ] [...] In a nutshell secular stagnation is an attempt to explain the weakness of the global recovery in advanced economies since the 2008 crisis. [ decelerating, debt overhang, balancesheet recession, sov debt crisis ] [...]
secular  stagnation  Europe  Japan  economic  history  lost  decade  global  imbalances  rebalancing  demographic  bubble  demographics  demography  immigration  western  world  economic  growth  deleveraging  balance  sheet  recession  liquidity  trap  sovereign  debt  crisis  Super  Cycle  debt  bubble  bond  bubble  QE  debt  monetization  debt  monetisation  stagflation  deflation  deflationary  zombie  banks  zombie  consumer  austerity  full  employment  Larry  Summers  Paul  Krugman  Ben  Bernanke  savings  glut  complexity  incomplete  information  productivity  output  gap  productive  investment  unintended  consequences  ZIRP  NIRP  hunt  for  yield 
april 2015 by asterisk2a
Homosexualität im Management: Kommentar - SPIEGEL ONLINE
Der Ex-Telekom-Vorstand Thomas Sattelberger hat sich als schwul geoutet - nach seiner Konzernkarriere. Er rührt an ein Tabu: Unternehmen halten zwar große Stücke auf Vielfalt. Aber im Top-Management verstecken Homosexuelle sich noch immer. [...] In einem SPIEGEL-Interview sagte er jetzt: "Sie müssen immer damit rechnen, dass diese Information irgendwann gegen Sie verwendet wird." (Lesen Sie hier die ganze Geschichte im neuen SPIEGEL.) [...] Der Unternehmenslenker hat männlich, weiß, von mittlerem Alter zu sein, mit hohem Testosteronspiegel und entzückender Familie. Denn je weiter oben, desto wichtiger ist die Zugehörigkeit zum Rudel. Leistung wird vorausgesetzt, die letzten Meter macht das Netzwerk. [...] Führungskräfte rekrutieren nach dem Ähnlichkeitsprinzip, ob bewusst oder unbewusst. So fördert der große Hartmut den kleinen Hartmut - und nicht die Birgit oder den schwulen René. &! &! bit.ly/1Ca85Vc
LGBT  discrimination  LGBTQIASP  employment  Politics  stereotype  prejudice  bias  social  discrimination  gender  pay  gap  glass  ceiling  gender-based  harassment  gender-based  discrimination  HR  human  resources  corporate  culture  corporate  values  corporate  governance  people  management  management  Paragraph  175  Germany  generationy  Millennials  role  model 
february 2015 by asterisk2a
Misemployment - YouTube
see also book Vagabonding/Vagabond and Tim Ferriss Potcast with author Potts << "when I retire, I do X." // "How to Find Fulfilling Work" fulfilment, meaning, satisfaction of work --- https://www.youtube.com/watch?v=veriqDHLXsw --- know thy self is a path, a process. a journey. tasting along the way. courage. don't ask for permission.
misemployment  underemployed  structural  unemployment  long-term  unemployment  youth  unemployment  unemployment  self-employment  employability  employment  workforce  capital  allocation  microeconomic  policy  microeconomics  labour  economics  labour  market  GFC  unintended  consequences  happiness  index  happiness  human  progress  productivity  output  gap  asset  allocation  satisfaction  life  lesson  life  hacker  gratification  status  anxiety  status  symbol  socioeconomic  status  social  status  consumerism  consumerist  Millennials  Generationy  career  ladder  career  advice  paradox  of  choice  Future  of  Work  education  policy  passion  authentic  authenticity  Philosophy 
february 2015 by asterisk2a
DLD15: Andrew Keen: "The Internet is not the Answer" | G! blog - YouTube
>> Speed of change has changed, accelerated. (powerlaw distribution and hockeystick growth of apps) << >> Digital Society isn't working << // "Making the World a better place."- Claim. Criticism is about Privacy, user of Data (TOS), transparency, and how the sum of those companies affect humanity/society ... &! TNW – Andrew Keen – The internet is not the answer | The Next Web - youtube.com/watch?v=moLLHxxD0JM &! youtube.com/watch?v=sVEtTzlqsoE 'Universal Basic Income has to come in the future because of the Future of Work and the Mobile Creative. etc etc.' &! DLD15 Interview/Debate - youtube.com/watch?v=8lV3YRJKLq8 &! youtube.com/watch?v=15SN91hVxSg 'Uber Co. epitomise what it isn't working for people of the rest of the world. It's working for some type of people who have a stake in the company. [...] I am a digital environmentalist.'
Andrew  Keen  book  Social  Media  attention  span  Facebook  Uber  cohesion  Google  Amazon  accountability  oversight  Political  Governance  corporate  working  poor  precarious  work  Precariat  Proletariat  safety  net  Universal  Basic  Income  Grundeinkommen  Mobile  Creative  Mobile  Creatives  exploitation  Future  of  Internet  Signal  vs.  Noise  filter  bubble  education  policy  underemployed  Digital  Revolution  employment  Capital  business  model  labour  market  labour  economics  Robotics  AI  automation  critic  critiques  criticism  Silicon  Valley  algorithm  Software  Is  Eating  The  World  Why  Software  Is  Eating  World  inefficiencies  efficient  disrupting  markets  disruption  Industrial  Revolution  history  technological  history  regulators  self-regulation  regulation 
january 2015 by asterisk2a
News Roundtable: [...] deconstructing employment - YouTube
min 34 + https://news.ycombinator.com/item?id=8406358 "The article doesn't really examine productivity, it is examining wages." - Digital revolution has yet to fulfil its promise of productivity and better jobs (economist.com) +!+ http://www.reddit.com/r/Futurology/comments/2i5nse/the_economist_labour_is_steadily_losing_out_to/ - http://www.economist.com/news/special-report/21621160-labour-steadily-losing-out-capital-those-have-shall-be-given 'It's The Economist making a case for wealth redistribution!' +!+ How computers threaten the jobs of mid-skilled workers (economist.com) - youtu.be/PR8OkkfvnT8 'few benefiters + we need substantial skill upgrading and change in education policy' +!+ Is A.I. the problem or the solution? youtu.be/lge-dl2JUAM - Automation, Robotics, mid-skilled jobs, routine jobs, lessons from Industrial Revolution, need investment in practical skills for the future, infrastructure investment, education policy, Universal Basic Income - so that no one is left behind
convenience  service  economy  Uber  HomeJoy  Lyft  Share  sharing  economy  Services  Industry  service  minimum  wage  mindestlohn  workforce  6-hour  work  day  4-day  work  week  leisure  time  Robert  Skidelsky  Google  Apple  Amazon  commoditization  commodity  business  Larry  Page  Future  of  Robotics  AI  algo  algorithm  algorithms  productivity  Mobile  Creative  Postmates  Mobile  Creatives  Washio  GrubHub  Big  Data  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  middleman  self-employment  contractor  marketplace  efficiencies  marketplace  plurality  marketplace  inefficiencies  marketplace  labour  economics  labour  market  education  policy  Public  Year  of  Code  middle  class  squeezed  middle  class  underemployed  structural  unemployment  employment  unemployment  flat  globalization  globalisation  comparative  advantage  competitive  advantage  competitiveness  competitive  Germany  USA  UK  Europe  BRIC  MINT  added  value  self-driving  cars  transportation  transportation  protectionism  population  automation  social  capital  Non-Profit  GDP  happieness  happiness  index  freelance  freelancing  rat  race  differentiation  differentiate  social  entrepreneurship  entrepreneurship  technological  history  economic  history  history  Industrial  Revolution  Software  Revolution  computing  Gini  coefficient  living  wage  living 
october 2014 by asterisk2a
Sascha Lobo: Sharing Economy wie bei Uber ist Plattform-Kapitalismus - SPIEGEL ONLINE
S.P.O.N. - Die Mensch-Maschine: Auf dem Weg in die Dumpinghölle. Der Konflikt um den Fahrdienst Uber illustriert einen globalen Trend. Was oft als Sharing Economy bezeichnet wird, ist in Wirklichkeit ein euphemistisch benannter Aspekt einer neuen digitalen Wirtschaftsordnung: des Plattform-Kapitalismus. +!+!+!+ https://news.ycombinator.com/item?id=8347583 - The Demons Of On-Demand +!+!+!+ Legal challenges could threaten the business models of the on-demand startups relying on independent contractors. Does Silicon Valley Have a Contract-Worker Problem? — An examination of tech's favorite labor model. "t's simply the digital middleman [...] fewer people [will] have traditional full-time or part-time jobs as a result. [...] "Perpetual, hourly employment is often deeply inefficient for all parties involved," (CAPITALISM SAYS) [... vs MyClean using Employee Structure, Controlling usr experience] - nymag.com/daily/intelligencer/2014/09/silicon-valleys-contract-worker-problem.html +!+!+!+
Uber  Lyft  self-employment  contractor  commoditization  commodity  business  on-demand  Share  Economy  sharing  Services  Industry  service  service  TaskRabbit  Homejoy  Washio  BloomThat  Shyp  freelance  freelancing  marketplace  efficiencies  marketplace  marketplace  inefficiencies  managed-service  overhead  profit  maximisation  capitalism  Precariat  precarious  work  Niedriglohn  Niedriglohnsektor  minimum  wage  job  security  21stcentury  flat  world  globalization  globalisation  productivity  disrupting  markets  disruption  labour  economics  labour  market  Postmates  Spoonrocket  DoorDash  1099  1099-MISC  regulation  health  insurance  insurance  user  experience  sustainability  sustainable  short-term  thinking  short-term  view  Brand  MyClean  Munchery  Sprig  MakeSpace  W-2  employment  underemployed  working  poor  minimumwage  mindestlohn  Alfred  differentiation  differentiate  customer  experience  product  experience  shared  experience  offline  experience  Silicon  Valley  corporate  values  corporate  culture  Instacart  USA  UK  convenience  disposable  income  Start-Up  lesson  Start-Up  advice 
september 2014 by asterisk2a
Stephanie Hare on the UK economy - Newsnight - YouTube
>> how many jobs have been lost regarding to banking in london and adjoining businesses ... thousands. thousands of hours of productivity gone (high charges for the hours). forever. = productivity and output gap || and how many times had osborne now moved forward expected savings and targets in time ... every year. || it will not get better as they travel (still) on the same path that leads to nowhere safe. still heading to the cliff. same direction. same speed.
secular  stagnation  flat  world  UK  living  standard  cost  of  living  wage  stagnation  minimum  wage  living  wage  working  poor  squeezed  middle  class  exploitation  wages  productivity  output  gap  Mobile  Creative  Mobile  Creatives  service  economy  service  industry  Services  economics  economic  history  academia  academics  BOE  fiscal  policy  monetary  policy  Mark  Carney  Public  knowledge  worker  workless  underemployed  employment  Politics  recovery  London  Structural  Impediments  deficit  imbalance  faultlines  Europe  GFC  greatrecession  2014  ZIRP  NIRP  QE  unknown  unknowns  unintended  consequences  complexity  incomplete  information  low-income  working  class  workforce  education  policy  White-collar  Future  of  Work  flexible  Zero  Hour  Contract  Blue-collar  behavioral  economics  corporatism  capitalism  globalisation  globalization  Debt  Super  Cycle  deleveraging  debtoverhang  balance  sheet  recession  sovereign  crisis  austerity  David  Cameron  George  Osborne  consumer  infrastructure  investment  infrastructure  hunt  for  yield  property  bubble  housing  market  bubble  policy  folly  policy  error  Career  Politicians  Toff  lost  decade  lost  generation  stagnation 
august 2014 by asterisk2a
Frohes Schaffen - Ein Film zur Senkung der Arbeitsmoral (2012) - IMDb
Future  of  Work  Mobile  Creative  Mobile  Creatives  6-hour  day  4-day  week  Grundeinkommen  Universal  Basic  Income  sociology  status  anxiety  status  symbol  materialism  retirement  scicology  psychology  ideology  Religion  full  employment  underemployed  workless  worklife  burnout  structural  unemployment  unemployment  social  safety  net  flat  world  globalisation  globalization  comparative  advantage  competitiveness  competitive  Competition  competitive  advantage  humanity  human  progress  Robert  Skidelsky  leisure  time  book  AI  Robotics  Robots  Three  Laws  of  Robotics  workforce  education  policy  Public  democracy  Gini  coefficient  inequality  inequality  social  mobility  mobility  Politics  Career  Politicians  1%  Super  Rich  tax  evasion  tax  avoidance  fairness  Spiritual  spirituality  human  resources  human  being  human  capital  human  tragedy  self-respect  self-regulation  Self-esteem  self-awareness  society  parenthood  parenting  childhood  childhood  development  crony  capitalism  corporatism  Wall  Street  GDP  economic  history  history  finite  resources  Year  of  Code  21stcentury  knowledge  worker  working  poor  squeezed  middle  class  White-collar  environment  Blue-collar  working  class  workplace  life  balance  social  beings  social  science  social  society  social  status  happine 
august 2014 by asterisk2a
If Schools Don't Change, Robots Will Bring On a 'Permanent Underclass': Report | Motherboard
via http://www.reddit.com/r/Futurology/comments/2ct2xs/if_schools_dont_change_robots_will_bring_on_a/ The respondents overwhelmingly agree that this lovely future where robots do the work and humans design the robots and everyone has leisure time and lots of money only exists in a fantasy future where the school systems pump out a shitload of Elon Musks and Sergey Brins—or, at the very least, people who can reliably work at the companies those guys own. [...] only the best-educated humans will compete with machines [...] and education systems [around the world] are still sitting students in rows & columns, teaching them to keep quiet and memorize what is told to them, preparing them for life in a 20th century factory.” // Rise of Service Jobs (dominance) in USA, even post-GFC. // ADD: http://www.washingtonpost.com/blogs/on-leadership/wp/2014/08/07/are-robots-coming-for-your-job/
Robotics  AI  Future  of  Work  Start-up  of  You  Mobile  Creative  Mobile  Creatives  Year  of  Code  skill-biased  technological  change  practical  skills  practical  skill  set  capital  skills  knowledge  worker  White-collar  Blue-collar  human  capital  creativity  destruction  value  creation  Problem  Solving  complexity  unknown  unknowns  unintended  consequences  education  policy  Public  HR  human  resources  hiring  underemployed  structural  unemployment  employment  unemployment  leisure  time  disposable  income  working  poor  squeezed  middle  class  flat  world  globalisation  globalization  competitive  advantage  comparative  advantage  competitiveness  Competition  competitive  Career  Politicians  Precariat  Proletariat  sociology  psychology  Universal  Basic  Grundeinkommen  precarious  precarious  employment  Services  Industry  service  income  mobility  social  mobility  income  inequality  Gini  coefficient  living  wage  standard  of  living  minimum  wage  wage  stagnation  workforce  labour  economics  labour  market  middle  class  status  quo  sector  Europe  USA  disruption  knowledge  economy  domain  knowledge  domain  expertise  expertise 
august 2014 by asterisk2a
The Futurist: The Education Disruption : 2015
Hence, the superstar of the modern age is not the person with the best degree, but rather the person who acquires the most new skills with the greatest alacrity, and the person with the most adaptable skillset. [...] (Moody's has already downgraded the outlook of the entire US higher education industry). But most importantly, the most valuable knowledge will become increasingly self-taught from content available to all, and the entire economy will begin the process of adjusting to this new reality. // Book: The Start-up of You - Reid Hoffman.
Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  creativity  practical  skills  practical  skill  set  learning  adaptability  MOOC  education  bubble  Year  of  Code  digital  divide  White-collar  Blue-collar  employment  book  life  hacker  life  lesson  Public  Policy  education  GDP  happiness  index  satisfaction 
july 2014 by asterisk2a
Steve Jurvetson never sells a share of a company he invests in - YouTube
59m7s >> what if we erase the digital divide ... transforming the pyramid into a conical spike because of winner takes all network effects. .... >> ~30hr work week - Robert Skidelsky, ... contribution to the collective worth society, unpaid. - unconditional living wage/income ... a basic income redistribution. fairness. people that work in low to non-profit companies because of added value to society ... paid by excess profits of X ... we are all in the same boat. we are all interconnected. dependent on each other. +++ http://youtu.be/pDVDWNguPs4?t=1h5m20s // doing more with fewer staff. & practical skills you need in today's workplace, u don't learn at university. Elon Musk, the most important men 4 the future. bc he's swinging big, willing to fail with his ambition(s). attracts similar minds. [down the line come's Bill Gates 2.0, Larry & Sergey, & others that work on sustainability of food and energy.] ADD Larry Page on that topic - http://on.recode.net/1qZC7oZ // vid id Wdnp_7atZ0M
peak  employment  unemployment  structural  unemployment  long-term  unemployment  employment  Mobile  Creative  Mobile  Creatives  knowledge  worker  White-collar  Blue-collar  Year  of  Code  digital  divide  productivity  output  gap  flat  world  globalization  globalisation  competitive  advantage  competitiveness  competitive  Competition  social  mobility  income  mobility  Gini  coefficient  Super  Rich  capitalism  USA  offshoring  outsourcing  1%  network  effects  global  competitive  landscape  workforce  Robert  Skidelsky  academia  academics  economic  history  history  tax  free  income  income  redistribution  income  distribution  fairness  unintended  consequences  complexity  unknown  unknowns  underemployed  economics  of  abundance  social  safety  net  happiness  index  GDP  Chamath  Palihapitiya  society  market  society  social  society  civic  society  civil  society  Industrial  Revolution  pluralistic  society  western  society  efficiency  marketplace  efficiencies  skill-biased  technological  change  capital  skills  practical  skill  set  practical  skills  skills  skill  education  policy  formal  education  education  perfect  storm  Indignados  Indignants  occupywallstreet  Elon  Musk  disrupting  markets  disruption  sustainability  sustainable  workless  hybrid  work  working  class  working  poor  working  squeezed  middle  class  Larry  Page  Sergey  B 
july 2014 by asterisk2a
oftwominds-Charles Hugh Smith: The Changing Nature of Middle Class Work
The economy is changing in structural ways that affect not just the job market but the nature of work itself. If we ask, what is work?, the conventional answer is tasks that somebody will pay us to do. This is true, but it doesn't address why someone is willing to pay us. The answer is to create value. ... [ Skills, not Expertise. ] ...... As technology's ability to replace costly human labor moves from the factory floor to the service sector, the nature of middle class work is changing. [ IBM's company wide Pivot over +10 years from HW to Services and Software Company. With the accompanying downsizing. ] ... Jobs that can be learned in a few hours are prone to being replaced by machines. [...] The protected sectors beset by soaring costs (healthcare, higher education, major weaponry programs, finance, etc.) will undergo the creative destruction of technology-based productivity gains for the reason that they are already unaffordable, not just to households but to the nation.
skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  working  poor  value  creation  digital  economy  New  21st  Century  squeezed  middle  class  inequality  tax  code  tax  free  income  Gini  coefficient  elizabethwarren  globalization  globalisation  Robots  Robotics  technological  history  disrupting  markets  disruption  Innovation  productivity  Mobile  Creatives  creative  destruction  Book  Structural  Impediments  deficit  unemployment  imbalance  economics  workless  6-hour  work  day  working  class  work  life  balance  workplace  chaning  face  of  work  Future  Charles  Hugh  Smith  education  bubble  formal  education  coding  Higher  MOOC  education  USA  Europe  Asia  BRIC  UK  2014  Year  of  commodity  business  commoditization  lifestyle  purchasing  power  wage  stagnation  middle  class  automation  open  source  innovator  collaboration  global  economy  global  supply  chain  supply  chain  content  creator  digital  artist  Networking  social  capital  hybrid  work  flexible  work  Problem  Solving  Problemsolvers  work  experience  global  in  nature  free  trade  global  trade  Sweat  Equity  Gary  Vaynerchuk  accountable  lifestyle  businesses  lifestyle  business  workplace  security  human  capital  reputation  capital  skills  underemployed  Employability  part-time  employment  youth  unemployment  employment  of  lifehacker  life  life  of  life  l 
may 2014 by asterisk2a
BBC News - George Osborne commits to 'fight for full employment'
There are a number of different definitions of full employment: Sir William Beveridge, the architect of the welfare state, thought it should be when 3% of the workforce is unemployed Other economists have spoken of a higher "natural rate" of unemployment, where nobody stays out of work for long, with joblessness fluctuating at between 5% and 6% The lowest recorded level of unemployment was 215,800, or 1%, in July 1955. The most recent figures this year put the unemployment rate at 7.2% of the population Mr Osborne declined to define full employment, but said people between jobs or unable to work or with caring responsibilities would not be included However his goal was to have the highest employment rate in the G7, and as part of his plan he expected those who can work to take the jobs available ... + http://en.wikipedia.org/wiki/Next_United_Kingdom_general_election
structural  unemployment  long-term  unemployment  youth  unemployment  unemployment  underemployed  employment  economic  history  academia  economics  UK  public  policy  fiscal  policy  monetary  policy  BOE  GeorgeOsborne  full  employment  natural  rate  of  unemployment  Politics  Career  Politicians  election  campaign  promises  election2015  recovery  austerity 
march 2014 by asterisk2a
▶ BBC Documentary: Who Gets the Best Jobs? - YouTube
http://www.bbc.co.uk/programmes/b00yb5kv Internships (Work Experience) = Working for free can not many afford, the least can afford it. Internship gets u access to 'high barrier to entry' jobs that run a country, economy, the upper echelons of the economy. Add student loan + living expenses to get a compatible & competitive degree, which not everyone can afford. It's barrier after barrier. Add 'people you know', family connections as another barrier. Hourglass society; those have a education qualification (academic route) and those who have a vocational education (ie apprentice ship). 80's was the fork in the road (de-industrialization period of UK / start of globalization). In the UK ur earning power is determined 50% by what family you were born into (start in life) & the other by your work effort. Fairness & Aspiration go together. Scandinavia much better. http://gu.com/p/3jj7n http://en.wikipedia.org/wiki/Alan_Milburn
social  mobility  income  mobility  Gini  coefficient  UK  inequality  democracy  education  business  education  formal  education  Higher  internship  fairness  Student  Loan  Bubble  studentdebt  StudentLoans  employment  ladder  opportunity  social  science  social  society  economic  history  austerity  working  poor  living-standard  standard  of  living  soft  skills  networking 
november 2013 by asterisk2a
BBC News - Fears over 40% fall in part-time students
t examines why part-time students have fallen by 40% in two years, equivalent to a reduction of 105,000. There are concerns that such part-time courses are necessary to provide the skills needed by industry. Sir Eric Thomas, who headed the review, said "something is going wrong". There has been widespread recognition of the economic importance of part-time courses in allowing adults to improve their skills.
skills  student  loan  debt  Career  Politicians  employment  squeezed  middle  class  GFC  complexity  StudentLoans  Higher  Education  unintended  consequences  consumer  debt  davidcameron  Bubble  policy  error  greatrecession  policy  folly  debtoverhang  economic  history  working  poor  stagflation  squeezed  middle  UK  income  mobility  austerity  middle  class  Part-Time  Students  household  debt  unknown  unkown  greatdepression  Part-Time  Study  Toff  deleveraging  social  mobility  GeorgeOsborne  studentdebt 
october 2013 by asterisk2a
Britische Mittelschicht-Kinder werden ärmer sein als Eltern - SPIEGEL ONLINE
Staatliche Förderung erreicht nur die Allerärmsten Dem "Observer" zufolge kommt die Studie zu dem Schluss, dass vor allem die Kinder der unteren Mittelklasse vom materiellen Abstieg bedroht seien. Ihre Eltern seien nicht arm genug, um die Kriterien für eine besondere Förderung durch den Staat zu erfüllen - aber auch nicht wohlhabend genug, um ihren Kindern ein sorgenfreies Leben zu garantieren. [...] Demnach sei es eine Kombination von erheblichen Schulden in Folge hoher Schul- und Studiengebühren, hoher Immobilienpreise und unsicherer Arbeitsverhältnisse. http://www.theguardian.com/society/2013/oct/12/middle-class-young-people-future-worse-parents/print
Career  Politicians  employment  unemployment  squeezed  middle  class  Politics  public  policy  Higher  Education  formal  generationy  fiscal  stimulus  consumer  debt  Taxation  davidcameron  Student  Loan  Bubble  generational  change  policy  error  policy  folly  productivity  short-term  thinking  Super  Cycle  fiscal  policy  stagflation  working  poor  property  UK  income  mobility  child  poverty  youth  unemployment  Consumerism  austerity  middle  class  zombie  consumer  social  mobility  Toff  millenials  consumerist  GeorgeOsborne  inequality  studentdebt 
october 2013 by asterisk2a
Five Years After Lehman, BIS Ex-Chief Economist Warns "It's Worse This Time" | Zero Hedge
The share of "leveraged loans" or extreme forms of credit risk, used by the poorest corporate borrowers, has soared to an all-time high of 45% - 10 percentage points higher than at the peak of the crisis in 2007. + http://www.zerohedge.com/news/2013-09-14/record-high-grade-leverage-means-pik-toggle-lbo-debt-back-and-worse-ever // The Bank Of International Settlements Warns The Monetary Kool-Aid Party Is Over www.zerohedge.com/news/2013-06-23/bank-international-settlements-warns-monetary-kool-aid-party-over ""central banks must head for the exit and stop trying to spur a global economic recovery... cheap and plentiful central bank money had merely bought time, warning that more bond buying would retard the global economy’s return to health by delaying adjustments to governments’ and households’ balance sheets." http://www.telegraph.co.uk/finance/10310598/BIS-veteran-says-global-credit-excess-worse-than-pre-Lehman.html
unemployment  employment  monetary  policy  Mark  Carney  ope  reflation  zombie  banks  monetary  transmission  mechanism  BOE  banking  crisis  carmenreinhart  BOJ  LBO  balancesheet  policy  folly  QE  liquidity  2013  fiscal  policy  UK  debt  monetisation  political  error  unknown  unkown  greatdepression  zombie  consumer  deleveraging  debt  monetization  Richardkoo  centralbanks  liberal  economic  reform  faultlines  GFC  monetary  theory  exuberance  MarioDraghi  unintended  consequences  global  economy  monetary  stimulus  Help  to  Buy  Scheme  liquidity-trap  zombie  corporations  ECB  monetary  system  political  folly  benbernanke  bank  crisis  Abenomics  rebalancing  China  greatrecession  policy  error  productivity  LTRO  NIRP  OMT  Fed  communication  economic  history  Super  Cycle  stagflation  leverage  KennethRogoff  sovereign  debt  crisis  recovery  unconventional  monetary  policy  ZIRP  USA  BIS  POMO  Funding  for  Lending  Scheme  corporate  governance  fiscal  deficit 
september 2013 by asterisk2a
▶ Lower living standards in Britain: The squeezed middle - YouTube
in details picture of UK is not healthy ... is not even moving into a healthier picture. debt plays still a huge role >> Number of buy-to-let rising http://www.youtube.com/watch?v=pBrNrv_H9dM >> lack of stable skills jobs is one of the root. and the short-term thinking that debt will be affordable for ever. + >> http://www.forexlive.com/blog/2013/08/12/uk-home-buyers-boost-purchases/
manufacturing  unemployment  employment  monetary  policy  Politics  Mark  Carney  unintended  consequences  davidcameron  squeeze  negative  real  interest  rate  standard  of  living  living  standard  macroeconomics  macroeconomic  policy  QE  Buy-to-Let  NIRP  2013  economic  history  Debt  Super  Cycle  fiscal  policy  stagflation  working  poor  property  bubble  UK  ZIRP  austerity  middle  class  zombie  consumer  long-term  unemployment  GeorgeOsborne  wage  stagnation 
august 2013 by asterisk2a
Bernanke - what was so dovish about his Q&A? | ForexLive
He recognised that the unemployment rate understates weakness in employment market. This was a good point from Bernanke and emphasises that its not just the unemployment rate that the fed looks at for a guide to the health of the labor market, the unemployment rate is just a broad summary.
participation  rate  Taper  USA  employment  unemployment  2013  monetary  policy  Fed  inflation  targeting  economic  history  benbernanke  recovery 
july 2013 by asterisk2a
BBC News - Underemployment affects 10.5% of UK workforce
One in 10 of all workers in the UK is now officially underemployed, according to a study from the Office For National Statistics (ONS).

It says 3.05 million workers want to work more hours each week, out of a total workforce of 29.41 million.

The number of workers in this position has shot up by 980,000 in the four years since the start of the economic recession in 2008.

Most of the underemployment is concentrated among part-time workers.

http://www.bbc.co.uk/news/business-20526259

> Our economy is now around 3% smaller than it was before the start of recession, in the first quarter of 2008. What has puzzled so many people - for so long - is that the number of people in work is now almost exactly what it was then. We are just producing less stuff.
economic  history  economic  model  economics  output-gap  greatrecession  GFC  underemployed  2012  UK  employment  unemployment 
november 2012 by asterisk2a
QE∞ - YouTube
Ben Bernanke has boldly gone where no Fed chairman has gone before him. In his third round of quantitative he's set the controls for the heart of infinity until unemployment is substantially reduced.

http://www.ft.com/cms/s/0/70285dd4-faf7-11e1-b775-00144feabdc0.html

- QE3 = QE∞ = buying unlimited MBS to the tune of 40bn per month
- Operation Twist to continue
- ZIRP to stay till 2014 at least
- dropping inflation target, focusing on how to get unemployment down and increasing participation list (real unemployment is much higher bc so many dropped out)

how to get unemployment down? increase demand, but consumer and households are underwater (prioritizing debt servicing, and paying down mortgage). -> buy up MBS, reduce overall supply, thus increasing demand for secure debt (banks, basel3 anybody?), Ben hopes some will borrow again to consume and start finally the new credit cycle. = Reflation.
property  bubble  balance  sheet  recession  debt  bubble  debtoverhang  USA  financial  repression  reflation  ZIRP  operationtwist  freddiemac  FannieMea  MBS  structural  imbalance  greatrecession  GFC  2012  monetary  theory  monetary  policy  output-gap  employment  unemployment  benbernake  Fed  QE3 
september 2012 by asterisk2a
Beförderungen im Beruf machen nicht glücklicher - SPIEGEL ONLINE
eine australische Studie: Ein Aufstieg im Beruf macht weder glücklicher noch gesünder. Auf lange Sicht leidet die Psyche sogar.

Spätestens nach drei Jahren war die Karriere-Euphorie dann komplett verflogen: Trotz mehr Geld und höherem Status gingen Jobzufriedenheit, gefühlte Arbeitsplatzsicherheit und das Empfinden angemessener Bezahlung wieder auf das Niveau vor der Beförderung zurück.

Die psychische Gesundheit litt jedoch dauerhaft unter der gestiegenen beruflichen Belastung. Sehr verbreitet waren infolgedessen Nervosität und Unruhezustände. Trotz dauerhaften Einkommenssteigerungen und höherem sozialen Status überwiegen demnach langfristig die negativen Effekte von vermehrtem Stress und längeren Arbeitszeiten.
employment  work  worktime  workplace  workforce  work  life  balance  worklife  stress  happiness  burnout 
july 2012 by asterisk2a
The Benefits Of A College Education | ZeroHedge
... Are what again? As the following graphic from IBD demonstrates, for the first time in history, a majority of jobless workers over 25 have attended some college, and now outnumber those without a job who simply have a high school diploma or less. But at least those in the fomer category have tens of thousands of non-dischargeable debt to show for it.

http://news.investors.com/article/611887/201205171857/most-unemployed-are-college-grads-dropouts.htm
university  college  employment  bubble  debt  bubble  education  unemployment 
may 2012 by asterisk2a
Low-Paid Workers Struggle Despite Germany's Booming Economy - SPIEGEL ONLINE
"low-wage sector." They loosely define this as people who earn less than two-thirds of the median hourly working wage of €9.62.

One in five Germans falls into this category and almost two out of every three is a woman, the DIW reports. Unlike most European countries, Germany does not have a federal minimum wage. Instead, the state guarantees a "minimum standard of living" for its citizens. In practical terms, that means the government -- rather than employers -- ensures that people get enough money to survive. This policy is meant to provide employers with greater flexibility, and some credit it as one reason behind Germany's low unemployment rate. But others argue that the state is simply supporting bad employment practices.

[[ It is basically a subsidy ]]

Growing Social Inequality : This practice is for the person humiliating, and depriving of worth ... because he/she works +40 hours a week but still needs to ask the government to support him/her with top ups for rent/energy etc.
taxation  culture  society  angelamerkel  politics  political  economy  greatrecession  GFC  unemployment  inequality  2012  employment  germany  low-wage  sector 
may 2012 by asterisk2a
Education and jobs: Room at the bottom | The Economist
ONE person out of every three who graduated from university in the past six years is in a job requiring only the skills of a school-leaver, up from one in four a decade ago. A 21-year-old graduate is about as likely to be unemployed in the year he leaves full-time education as a 16-year-old school-leaver with only GCSEs. The official figures make depressing reading for young people hoping that the better job higher education is meant to assure them will pay back the sums they have borrowed for college. This is not all a consequence of the recession. The laws of supply and demand are one reason. The number of recent graduates rose by almost half between 2001 and 2011; it is not surprising that some moved downmarket to find work.
=
Does the West need full employment? Can the West manage full employment? Is it possible? Maybe not. Producing more skilled people may not get these people a higher paying job. Instead of minimum wage, why not guaranteed income; working or not.
economics  unintended  consequences  supply-demand  college  university  bubble  greatrecession  2012  UK  employment  youth  unemployment  education 
april 2012 by asterisk2a
Arm trotz Arbeit: "Soziale Isolation lässt die Menschen zerbrechen" - SPIEGEL ONLINE - Nachrichten - Wirtschaft
Wo sollte liberalismus aufhoeren im sinne von heutiger vollbeschaeftigungs ansage, dem kampf gegen billig china, unausgebildeter arbeitskraefte, Welfare snobs, productivity and efficiency, technological advances, etc etc

Braucht diese Welt, Der Westen Vollbeschaeftigung um zu funktionieren?
poverty  USA  Europe  UK  Germany  culture  society  class-warfare  minimumwage  employment  unemployment 
march 2012 by asterisk2a
Arbeitslosigkeit in Spanien: Absturz mit Ansage - SPIEGEL ONLINE - Nachrichten - Wirtschaft
Vor der Krise war nicht bekannt, wie hoch die Schulden in Griechenland wirklich sind oder welches Ausmaß die Finanzblase in Irland hatte. Spaniens Probleme mit dem Arbeitsmarkt aber sind seit langem ein offenes Geheimnis. Selbst in Zeiten des Booms lag die Arbeitslosigkeit meist deutlich über dem EU-Durchschnitt. Der Absturz in der Krise war absehbar.

Die neue spanische Regierung will der Misere ein Ende setzen. Gerade hat Ministerpräsident Mariano Rajoy eine umfangreiche Arbeitsmarktreform vorgestellt. Der Kündigungsschutz, den schon Vorgänger José Luis Rodríguez Zapatero lockerte, wird weiter zurückgefahren: Pro Arbeitsjahr gibt es statt bisher 33 künftig nur noch den Lohn von 24 Arbeitstagen als Abfindung. Das soll Unternehmer animieren, mehr jungen Spaniern eine Festanstellung zu geben. Diese dürfen künftig höchstens zwei Jahre mit Zeitvertrag beschäftigt werden, bisher waren es drei.
youth  unemployment  2012  employment  unemployment  liberal  economic  reform  economic  history  Spain 
february 2012 by asterisk2a
Labour markets: Modern worker, dated benefits | The Economist
according to Thomas Friedman:

In the past, workers with average skills, doing an average job, could earn an average lifestyle. But, today, average is officially over. Being average just won’t earn you what it used to. It can’t when so many more employers have so much more access to so much more above average cheap foreign labor, cheap robotics, cheap software, cheap automation and cheap genius. Therefore, everyone needs to find their extra — their unique value contribution that makes them stand out in whatever is their field of employment. Average is over.

---

a worrying aspect of the modern labour market is the income inequality it has created.

>> true for health care. Economist Brigitte Madrian has found that if it were not for employer health insurance, job turnover would be 25% higher. It also may discourage entrepreneurship. Alison Wellington found people are more likely to be self-employed when they are not dependent on their job for health insurance.
healthcare  USA  liberal  economic  reform  economics  employment  labour  market 
february 2012 by asterisk2a
MMT (Modern Monetary Theory) is biased towards anti-crony capitalism | Bill Mitchell – billy blog
1.) Abandon Crony Capitalism.
2.) Use jobs generated by 'job guarantee' to serve public good.
= then we have a chance to have a ying - yang between socialism (job guarantee) and capitalism (saving more than consuming).

full employment and price stability go hand in hand.
monetary policy is buffer stock to fiscal policy and the economic cycle ...

[...]

#OWS
So I advocate – outside the realm of MMT – grass roots action to reinforce the democratic connection between citizen and government. To make it harder for governments to be co-opted. For example, I would ban political funding and allocate a fixed amount of public funds to the candidates for public office to be used for electoral purposes. I would have very strict conditions placed on electoral commentary within the media etc.

The logic has been to reduce the capacity of the financial market and political elites to capture government policy and skew the benefits in their favour
macroeconomics  employment  NAIRU  unemployment  occupywallstreet  fiat  currency  capitalism  economics  economic-thought  policy  monetary  modern  monetary  theory  monetary  theory  MMT 
january 2012 by asterisk2a
The Exchange-Rate Delusion - Michael Spence - Project Syndicate
Developing countries have learned over time that real income growth and employment expansion are driven by productivity gains, not exchange-rate movements. This, in turn, requires public and private investment in tangible assets, physical and telecommunications infrastructure, human capital and skills, and the knowledge and technology base of the economy.

Of course, it is possible for a country’s terms of trade to get out of line with income and productivity levels, requiring a rebalancing. But resetting the terms of trade is no substitute for tackling the structural underpinnings of productivity.

- you get what you measure, measure wrong and you get wrong policy ideas

Underinvestment has long-term costs and consequences everywhere. Excess consumption merely hides these costs temporarily.
productivity  economy  employment  history  economics  China  USA  politics  tradedeficit  policy  policy-makers  2011  income-growth  income  globalisation  global-trade  global-economy  competitiveness  competi 
december 2011 by asterisk2a
Joseph Stiglitz talks about going beyond GDP - YouTube
Uploaded by oecden on Oct 19, 2011
Discussion continues about improving traditional assessments of economic progress. Nobel Prize-winning economist Joseph Stiglitz talked about the new means of measuring progress well-being and sustainability during a recent visit to the OECD. For more info visit: www.oecd.org/betterlifeinitiative
GDP  USA  bubble  history  sustainability  JosephStiglitz  growth  happiness  employment  income  economics  economic  thought  discussion  policy  folloy  error  mistake  measurement  measure 
october 2011 by asterisk2a
W, V, U or L: How Is the Economic Recovery Shaping Up, Literally? - YouTube
Uploaded by PBSNewsHour on Oct 7, 2011
The latest unemployment figures out Friday reinforce the notion that the U.S. economy remains weak when compared to recoveries of the past. As part of his reporting on Making Sen$e of financial news, Paul Solman visits with economist Simon Johnson for a checkup on what shape the economic recovery is taking.
USA  lostdecade  greatrecession  unemployment  recovery  2011  outlook  employment  GDP  japan  history  financialcrisis  sovereign  debt  crisis  greatdepression 
october 2011 by asterisk2a
Blanchflower Calls Krueger `Fantastic' Pick by Obama - YouTube
David Blanchflower, economics professor at Dartmouth College and Bloomberg Television contributing editor, talks about President Barack Obama's nomination of economist Alan Krueger to head the White House Council of Economic Advisers. The nomination is subject to Senate confirmation. Krueger, who returned to Princeton University last November after serving as the Treasury Department's chief economist for two years, would replace Austan Goolsbee. (Source: Bloomberg)
-
-
presidency  barackobama  AlanKrueger  unemployment  employment  economics  2011  recovery  greatrecession  JacksonHole  benbernanke  August  monetary  policy  fiscal  politics 
august 2011 by asterisk2a
RBS Slides to Loss as Greek Writedown Adds to Burden of Insurance Redress - Bloomberg
RBS has cut 27,500 jobs since Hester took over from Fred Goodwin in 2008. HSBC pledged this week to eliminate 30,000 jobs by 2013 and Barclays said it will cut about 3,000. In all, European banks have slashed 230,000 jobs since the start of the financial crisis in 2007, according to Bloomberg Industries.
PIIGS  banking  employment  downsizing  2011  consolidation  sector  interbank  exposure  sovereign  debt  crisis  GFC  jobcut  RBS  barclays  HSBC  London 
august 2011 by asterisk2a
‪Zu wenig Hilfe fr psychisch Kranke‬‏ - YouTube
Psychisch erkrankte Menschen warten in der Regel drei Monate, bis sie ein erstes Gespräch mit einem Therapeuten führen können. Weitere drei Monate dauert es, bis sie behandelt werden.
germany  psychology  society  culture  problem  unintended  consequences  statistics  depression  burnout  employment  economy  happiness  growth  productivity  pressure 
august 2011 by asterisk2a
YouTube - Ruling on Wal-Mart Gender Bias May Reshape Class-Action Claims
A landmark Supreme Court ruling Monday rejected a class-action gender bias lawsuit against retail giant Wal-Mart. Jeffrey Brown talks to two legal experts about the wider impact on class-action claims.
discrimination  inequality  equality  employment  gender  USA  walmart  law 
june 2011 by asterisk2a
Bank Of America's Ethan Harris Explains The Birth Death Adjustment | zero hedge
Yesterday Zero Hedge pointed out that in addition to the 54,000 NFP number missing every single economist estimate, another very troubling statistic was that the BLS added some 206,000 "jobs" courtesy of its monthly birth/death adjustment: numbers which tend to be added on a monthly basis and then subtracted (especially during periods of economic contraction) in one annual benchmark revision which is largely ignored by everyone. In fact, as Peter Tchir pointed out, over the past 4 months, the NFP has added 752k jobs, of which 610k have been birth death jobs. B/D has added 271K jobs YTD in 2011, 510K in 2010, 585K in 2009, 825K in 2008, 883K in 2007, 1002K in 2006, etc, in in the last decade has never once subtracted from the full year tally, which would subsequently be revised lower. You get the picture. Well, yesterday, 
http://bloom.bg/lG4KSh#ooid=s3bW9oMjqnmL0oE-W6T4HJBdcbNs39tR
http://www.zerohedge.com/article/birthdeath-adjustment-206000
USA  economics  labour  statistics  unemployment  employment  2011  fraud  BLS  jobmarket 
june 2011 by asterisk2a
YouTube - Geena Davis on her Quest for Gender Equity in Film and Television
self reinforcing circle ...? the power of images and messages 

Academy Award-winning actress Geena Davis talks with the "PBS NewsHour's" Simon Marks about her fight to bring more realistic and numerous roles for women in film and television. Most recently, she has teamed up with ITVS to present a series of documentaries about women making a difference.
gender  equality  equity  media  society  culture  TV  movies  gap  change  employment  income  parenting  parents  feminism  sexuality  sexism  generationy  generation  millennials 
may 2011 by asterisk2a
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