asterisk2a + knowledge + change + capital   21

Steve Keen on Education - YouTube
economy future relies on innovation. and if you check and monitor to death a system, and add bureaucracy on top of it, and low wages, and being under staffed and being over worked. and crowded, noisy class rooms (unable to spot talent and unable to sponsor). you can't have a prosperous future economy/generation with high social mobility. higher incomes. new industries. // oh and theyve cut research to nothing // oh and the creative digital industry is complaining, and added value industry is complaining about lack of qualified/skilled young workforce. // // UK will lose rest of its heavy industry because of energy prices it can't compete on world wide because it hasn't invested in the Smart Grid, energy storage systems, infrastructure, and renewable energy! Period. Budget2015 they cut all of renewable investment schemes and even had the audacity to put a carbon tax levy on it!
UK  education  policy  social  mobility  income  mobility  Gini  coefficient  STEM  University  College  vocational  education  apprenticeships  austerity  Tories  Conservative  Party  Toff  Establishment  Privileged  Research  knowledge  economy  knowledge  worker  skill-biased  technological  change  skills  gap  capital  skills  practical  skills  practical  skill  set  softskills  Fachkräftemangel  Millennials  generationy  entrepreneurship  entrepreneurial  social  entrepreneurship  capitalism  creative  destruction  disruption  Software  Is  Eating  The  World  Robotics  3D  printing  automotive  automation  self-driving  cars  autonomous  car  globalization  globalisation  borderless  flat  competitive  competition  competitive  advantage  competitiveness  public  investment  business  investment  underinvestment  productive  investment  infrastructure  investment  long-term  view  short-term  view  Career  Politicians  No  Representation  social  contract  Generationengerechtigkeit  fairness  secular  stagnation 
august 2015 by asterisk2a
Paul Mason: what they aren't telling you about work - YouTube
hollowing out // automation - vs - skill & problem solving (figuring out how to automate/put something together/create new) - vs - end of the chain work (low end, manual, repetitive, service...) // within the next 20 years, 47% of jobs in developed world could be replaced by robots/automation/machines // Future of Work is about problem solving, not putting (end of the chain) things together. figuring out the new, making the new, making something better, more efficient, faster, better quality, ... // and as it stands now, those who reap the rewards will be few. and gov policy, ie tax evasion, tax avoidance, tax code, fairness, --- gains have to be shared.
squeezed  middle  class  White-collar  Worker  Blue-collar  Worker  manual  labour  labour  market  job  creation  skill-biased  technological  change  practical  skill  set  practical  skills  skill  gap  capital  skills  skills  gap  automation  Robotics  working  poor  Software  Is  Eating  The  World  3D  printing  Manufacturing  industrial  policy  UK  USA  Europe  developed  western  Future  of  Work  knowledge  economy  Problem  Solving  Mobile  Creatives  Mobile  Creative  domain  knowledge  knowledge  algorithm  precarious  Zero  Hour  Contract  Contractor  self-employment  insecurity  job  security  technological  progress  STEM  Makers  protectionism  Research  Revolution  2.0  Revolution  Universal  Basic  Income  tax  credit  tax  free  economics  of  abundance  marginal  cost  renewable  energy  Marketplace  destruction  creator  innovator  innovation  entrepreneurial  entrepreneurship  entrepreneur  Precariat  Share  post-capitalism  Super  Rich  1%  inequality  mobility  social  mobility  rapid  change  generational  change  tax  code  capital  gains  tax  growth  wage  stagnation  secular  stagnation  productivity  output  gap  shared  economic  interest  Wall  Street  exploitation  shareholder  value  profit  maximisation  fairness  Generationengerechtigkeit  Gesellschaft  identity  status  status  social  status  social  an 
august 2015 by asterisk2a
Inequality and the Challenge of Employment - New Economic Thinking - YouTube
intrinsic motivation, fairness, social animal - social comparison (is encoded into the brain) - status anxiety // self-interest mostly wins over ethics/moral values? // trust between principle & agent // org structure and inventive - ie bonus variable attracts more selfish people and risk takers // justice and fairness is critically important - not only in orgs but also democracies //&! Natural rate theory (equilibrium) - service sector jobs (unskilled manual labour jobs) w minimum wage and not higher. and flexible wages with no minimum wage (USA) create working poor/inequality. institutional change - economists are not just analysts they also affect policy makers (think tanks). // austerity hurts equality/social mobility = economic long-run damage to potential (thus output gap and productivity loss) - lack of supply of able workforce to create added value products & services. trickle-down not helping. //&! tax code unfair, lower capital gains tax than on earned (labour) income
inequality  Gini  coefficient  social  mobility  income  mobility  intrinsic  motivation  fairness  human  resources  HR  management  people  management  well  being  philosophy  Alain  de  Botton  happiness  index  Selbstfürsorge  self-awareness  self-actualization  Maslow  socioeconomic  status  status  anxiety  social  status  workplace  work  environment  beyond  workplace  drama  chronic  stress  shareholder  value  profit  maximisation  shared  economic  interest  economic  damage  wage  growth  income  growth  income  gap  gender  pay  gap  glass  ceiling  glass  cliff  gender-based  discrimination  gender  inequality  trust  labour  economics  labour  market  microeconomic  policy  behavioral  economics  Organizational  behavior  organization  skill-biased  technological  change  job  market  minimum  wage  living  wage  equilibrium  sticky  wages  liberal  economic  reform  neoliberal  neoliberalism  underemployed  Workers  Union  macroeconomic  policy  unemployment  skills  gap  education  policy  vocational  education  poverty  trap  student  debt  student  loan  downward  mobility  welfare  state  Higher  income  inequality  Privileged  Middle  Class  Sozialer  Abstieg  squeezed  Public  Services  Services  child  poverty  poverty  American  Dream  output  gap  potential  output  added  value  value  creation  capital  skills  human  capital  dehumanisation  subhuman  trickle-down  economics  dogma  ideology  austerity  policy  error  policy  folly  UK  state  capital 
july 2015 by asterisk2a
Fachkräftemangel Warum nicht mehr Facharbeiter nach Deutschland kommen - SPIEGEL ONLINE
http://www.arbeitsagentur.de/web/wcm/idc/groups/public/documents/webdatei/mdaw/mta4/~edisp/l6019022dstbai447048.pdf +++ Zwar gibt es Informationsangebote wie die Internetseite >> www.make-it-in-germany.com. << Doch dass Deutschland inzwischen nicht nur um Ingenieure und Informatiker wirbt, sondern auch um Lokführer und Leitungsinstallateure, dürfte in weiten Teilen Chinas oder Indiens noch unbekannt sein. // +++ Same as USA Green Card - Labor Certification Category ( http://en.wikipedia.org/wiki/Permanent_residence_(United_States)#Green_card_holders_and_families ) // q is still, how is the image around the world about germany and its people towards immigrants and the possibility to be folded in, mesh-in into Germany!? And certainly about the language barrier? Germans know their basic english in the job - should that be communicated - that if all fails you can use english? 2nd how about offering free German language courses for 3 years? and an assistant to help through bureaucracy? //
immigration  knowledge  worker  knowledge  economy  domain  knowledge  human  capital  skill-biased  technological  change  capital  skills  practical  skills  practical  skill  set  Germany  Green  Card  workforce  Fachkräftemangel  education  policy  demographics  demographic  bubble  society  image  brand  details  White-collar  Blue-collar 
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
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
- Startups - George Zachary of Charles River Ventures - TWiST #237 - YouTube
interesting point about deflationary pressures ... ... min 59 - re-training of workforce - for the workplaces of the future. // min 1:00:00 social divide between the havs and the havs not. // education has to marry (50/50) liberal arts and practical skill sets for the future. mandatory will have to be technology basics and programming intro.
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july 2014 by asterisk2a
Tinder highlights tech world’s frat-pack culture - FT.com
! GREAT ARTICLE by Tett ! tip of the iceberg. "money and hubris is involved." - Sheryl Sandberg's 'book for the white, privileged & entitled ivy league girls' is a drop in the ocean. Instead of having girls getting a beautician degree at college for the service industry; fighting the hard fight/competing head to head for little pie there is *http://youtu.be/p6taTMa4nls || - http://www.theguardian.com/commentisfree/2014/jul/02/tinder-sexual-harassment-silicon-valley-sexism - Tinder's sexual harassment scandal is not a surprise. It's another wake-up call How many Silicon Valley sexism stories must we endure before 'entrepreneurs' get serious about diversity? + http://www.theguardian.com/technology/2014/jun/28/silicon-valley-startup-failure-culture-success-myth + http://www.theguardian.com/technology/2014/jul/02/silicon-valley-sexism-tinder-culture-women-ageism + https://news.vice.com/article/tinder-co-founders-lawsuit-reflects-tech-industrys-rampant-sexism
Women  in  Tech  Tinder  gender-based  harassment  gender-based  discrimination  gender  bias  gender  politics  gender  policing  STEM  jock  culture  Campus  parenting  childhood  childhood  development  everyday  sexism  sexism  sexismus  body  image  gossip  culture  gossip  Tabloid  celebrity  culture  Silicon  Valley  diversity  Facebook  Google  Yahoo!  sexual  harassment  bias  stereotype  glass  ceiling  feminism  feminist  Glossy  Magazine  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  college  career  advice  Year  of  Code  university  Sheryl  Sandberg  white  male  privilege  entitlement  male  privilege  privilege  Privileged  gender  inequality  inequality  income  mobility  social  mobility  gender  equality  gender  discrimination  gender  gap  discrimination  Female  Founders  womens  sport  Palo  Alto  San  Francisco  meritocracy  corporate  culture  corporate  governance  storytelling  hubris  Venture  Capital  angelinvestor  hunt  for  yield 
july 2014 by asterisk2a
Open your company's doors and let the machines in - the economy depends on it - Telegraph
The faster the mechanisation process, the more likely we are to see productivity – the amount of output each worker generates – starting to grow again and, with it, wages. A greater use of artificial intelligence throughout the economy will benefit, not hurt, the overall workforce. There are just two, crucial, caveats: it will be vital to help individuals displaced by the new technologies to find work in new areas. Better education and training will become even more vital. We also need policies to ensure that the UK, already a leading player in high value-added industries, continues to develop in these areas; this means making sure that Britain remains an open economy, that taxes are kept low, that higher education is allowed to thrive free of the dead hand of the state, and that infrastructure, including airport links, is up to scratch.
infrastructure  investment  infrastructure  UK  Net  Neutrality  productivity  Structural  Impediments  unemployment  skill-biased  technological  change  skill  skills  capital  skills  knowledge  worker  workless  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  unemployment  long-term  unemployment  long-term  thinking  short-term  thinking  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  Software  competitive  advantage  competitiveness  Competition  competitive  comparative-advantage  comparative  advantage  21stcentury  New  Economy  Public  Policy  education  formal  education  Higher  practical  skills  employability  practical  skill  set  fiscal  globalization  globalisation  Year  of  Code  programmers  programming  working  poor  squeezed  middle  class  living  wage  Career  Politicians  folly  error  Policy  Makers  faultlines 
june 2014 by asterisk2a
Bank of England’s 'slack' approach leaves economy at risk - Telegraph
There were 115,000 UK housing completions in 2013, almost a record peacetime low, compared with the 240,000 new homes needed each year just to meet the rise in household numbers hard-wired into our demography. This disgraceful shortage, and the government’s now long-past-its-sell-by-date Help-to-Buy scheme, is the reason prices are up 9.1pc across the UK over the last year and 17.1pc higher in London. And where house price inflation goes, economy-wide inflation eventually follows. While agreeing with Carney’s house-building analysis, I don’t agree the Bank can’t do more to rein in a market now in danger of spiralling out of control. [...] [A] development we’ll live to regret. +++ IMF warns UK government over housing bubble risk --- http://www.bbc.co.uk/news/business-27731567 +++ PRODUCTIVITY REMAINS WEAK. << skill-biased technological change, capital skills, skill, skills, knowledge worker, White-collar Worker, Blue-collar Worker, workforce, Mobile Creative, Mobile Creatives,
property  bubble  asset  bubble  hunt  for  yield  Help  to  Buy  Scheme  Funding  for  Lending  Scheme  Mark  Carney  BOE  macroprudential  policy  macroeconomic  policy  microeconomic  policy  monetary  policy  monetary  stimulus  fiscal  policy  GeorgeOsborne  David  Cameron  George  Osborne  2014  2015  general  election  2015  UK  unintended  consequences  unknown  unknowns  IMF  Structural  Impediments  imbalance  Supply  and  Demand  Demand  and  Supply  productivity  skill-biased  technological  change  capital  skills  skill  skills  knowledge  worker  White-collar  Blue-collar  workforce  Mobile  Creative  Mobile  Creatives  globalisation  globalization  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  World  Flat  competitive  advantage  competitive  competitiveness  comparative-advantage  comparative  advantage  Year  of  Code  practical  skill  set  practical  skills 
june 2014 by asterisk2a
BBC News - UK unemployment total falls to 2.16m, wage inflation to remain low
[threat of wage inflation spiral far off because of multiple underlying factors not allowing it measured wholly across the uk (taking the other country called london out of the picture)] - "Weak pay growth and the 'cost of living crisis' remains the Achilles heel of the economic recovery," said Chris Williamson, chief economist at Markit. "But it should not be long until we see earnings growth accelerate as the labour market continues to tighten. Pay growth should pick up in coming months, perhaps significantly." +++ http://www.telegraph.co.uk/finance/10838393/Bank-of-Englands-slack-approach-leaves-economy-at-risk.html +++ http://www.economist.com/blogs/freeexchange/2014/03/monetary-policy-0 +++ http://youtu.be/fvTdWWUkUNM?t=2m10s
output  gap  slack  in  economy  UK  recovery  greatrecession  greatdepression  2014  2015  inflation  deflation  productivity  deflationary  fiscal  policy  monetary  policy  wage  growth  earnings  growth  austerity  BOE  Mark  Carney  ZIRP  spare  capacity  academia  economic  history  New  Normal  financial  repression  underemployed  underemployment  workforce  labour  market  structural  unemployment  inflation  expectation  wage  inflation  London  wage  inflation  spiral  working  poor  squeezed  middle  class  wage  stagnation  wages  living  wage  minimum  wage  industrial  policy  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  Mobile  Creative  Mobile  Creatives  knowledge  worker  White-collar  Blue-collar  skill-biased  technological  change  capital  skills  skill  skills  practical  skills  practical  skill  set  World  Flat  globalization  globalisation  competitive  advantage  competitive  competitiveness  Competition  comparative-advantage  comparative  advantage  21stcentury  Year  of  Code 
june 2014 by asterisk2a
Learn To Code, Learn To Think : 13.7: Cosmos And Culture : NPR
policy to push to learn to write, read, understand code and systems. design thinking. problem solving. early on as soon as yound ppl are literate ~12-14. - higher productivity - + 3D printing future in 30 years ... future of 30-35hr work week - 5-6hrs a day. THE REAL NEW ECONOMY. 90's New Economy was hyped by exuberance and ... different topic. But this is the outline of the real new world, new economy. ( robert skidelsky in praise of leisure ) when the world is flat - 2050. baring any other crisis being solved ala climate change and ecological disasters. man made or ie earthquake swallowing california, canarie islands exploding creating huge tsunami, yosemite exploding, etc etc. - baring also - that we fix inequality problems, reducing the divide. fostering better democratic process, transparency and accountability - instilling trust and confidence again in public service.
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june 2014 by asterisk2a
Income Inequality: The Fundamental Reason It Is Growing | Seeking Alpha
Summary Income inequality is growing in the US and other countries. Many explanations are being offered, including what Piketty suggested in his new book. But most miss the main reason - new information technologies are eliminating large segments of middle class jobs.
Thomas  Piketty  income  inequality  inequality  Gini  coefficient  knowledge  worker  Mobile  Creative  Mobile  Creatives  income  mobility  social  mobility  disposable  income  digital  divide  competitiveness  competitive  competitive  advantage  comparative  advantage  comparative-advantage  globalisation  globalization  skill-biased  technological  change  capital  skills  skill  skills  digital  natives  digital  economy  Software  Eats  The  World  Why  Software  Is  Eating  World  Higher  Education  formal  bubble  business  Future  economic  history  working  poor  squeezed  middle  class  tax  credit  tax  free  income  Grundeinkommen 
may 2014 by asterisk2a
Thomas Piketty's 'Capital' in 3 minutes - Newsnight - YouTube
who owns the economies assets, the ~1% individuals and international conglomerate corporations, - when return on these assets /y is greater than economic growth - inequality rises. it is all that happend even during the recovery after the GFC - 1% got richer, conglomerates and corporations got richer/sat on their cashpiles. while ie in USA Food Stamp handouts rose month over month _+++ http://www.democracyjournal.org/32/the-inequality-puzzle.php?page=all ""Piketty’s treatment of inequality is perfectly matched to its moment. [...] the share of income and wealth going to those at the very top—the top 1 percent, .1 percent, and .01 percent of the population—has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I. There can now be no doubt that the phenomenon of inequality is not dominantly about the inadequacy of the skills of lagging workers."" --- +++ http://en.wikipedia.org/wiki/Gilded_Age
Thomas  Piketty  1%  Super  Rich  economic  history  microeconomics  macroeconomics  social  mobility  income  mobility  gilded  age  book  disposable  income  income  inequality  income  growth  income  redistribution  income  distribution  Gini  coefficient  middle  class  working  class  working  poor  squeezed  middle  class  tax  code  tax  credit  tax  evasion  tax  avoidance  history  capital  Venture  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  fiscal  policy  monetary  policy  Makers  Career  Politicians  Politics  academia  academic  academics 
may 2014 by asterisk2a
dctp.tv | Das webTV der dctp
Kohl made the decision for the catastrophic exchange rate and the uncreative implementation of East Germany's bankrupt and uncompetitive economy - politically (elections) and from lobby of West German Industries. ... Plus there were plans by others (Mitterand) to not integrate GDR into DDR, but into Europe and transform in into that process. But the fall of the iron curtain would have been still uncertain. .... Post-Reunification 1990 - investments were politically motivated. West Germany didn't needed, economically, East Germany. Fall of Iron Curtain - globalisation really took hold, became unstoppable; India, China, Russia, Latin America opened up its markets and joined the established western (capitalistic markets) wholly. !!! Every German company and every German employee stands to compete with the whole world. Period. And vice versa. >> Thus subsidies and favouritism and golden handshakes etc etc. The world is flat. Period. Differences are not that stark in G20 anymore.
East  Germany  GDR  Roland  Berger  economic  history  history  Iron  Curtain  policy  error  policy  folly  helmutkohl  Helmut  Kohl  German  reunification  Deutsche  Wiedervereinigung  Makers  productivity  globalisation  globalization  capitalism  competitive  advantage  competitiveness  comparative  advantage  comparative-advantage  subsidies  subsidizing  industrial  policy  SME  SMB  Germany  Wohlstand  Career  Politicians  China  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  capital  skills  skills  skill  technological  progress  Future  Europe  UK  USA  BRIC  MINT 
may 2014 by asterisk2a
Report: San Francisco has worse income inequality than Rwanda | PandoDaily
It’s not difficult to see evidence of income disparity in San Francisco. The headquarters of Twitter, now valued at around $20 billion, looms massively over a neighborhood plagued by homelessness, drug addiction, and prostitution. Median rents continue to hit record highs, and despite the wealth that continues to pour into San Francisco thanks to the tech boom, the number of homeless individuals has remained more-or-less the same since 2005. The gap between rich and poor is widening across the country, but according to a new study, San Francisco income inequality was found to be not only above the US national average – it was even slightly worse than that of Rwanda, which is among the most unequal countries in the world. +++ See http://modelviewculture.com/pieces/not-a-tech-bro-but-not-a-tech-lady "Gender (+ Race) + Class" paragraph.
NYC  Manhatten  San  Francisco  Los  Angeles  Silicon  Valley  Gini  coefficient  income  inequality  tax  code  tax  avoidance  social  safety  net  California  Career  Politicians  corporate  culture  corporate  governance  public  policy  social  society  income  mobility  social  mobility  working  poor  standard  of  living  cost  of  living  livingspaces  living  wage  living  standard  living  environment  city  living  income  distribution  income  redistribution  corporatism  philanthropy  squeezed  middle  class  Sector  Workers  economic  history  short-term  thinking  long-term  thinking  quality  of  life  inequality  equality  Super  Rich  democracy  society  sustainability  sustainable  urbanisation  urban  planning  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  capital  skills  skills  skill 
may 2014 by asterisk2a
BBC News - When will the UK pay its way in the world?
In absolute terms it has been impossible for UK debts to fall. >> Now what was a little worrying was that the deficit on the current account reached 5.6% of GDP, or economic output, in the third quarter of 2013 and fell to just a little bit lower, 5.4%, in the fourth quarter. That 5.6% was - ahem - something of a milestone: it was the biggest quarterly deficit since records began in 1955. And it explains why the record aggregate indebtedness of the UK has been falling so slowly, and is still not much below 500% of GDP on the Mckinsey measure (though see my previous blog). [...] UK's - limp trading performance - for YEARS! ... COMPETING against BRICs, Europe, G8, ... now and in the future competing with MINT countries too ( http://en.wikipedia.org/wiki/MINT_countries ). [...] "We have not got forever to reconstruct our economy and become a bit more like the European export emperor, Germany."
UK  Debt  Super  Cycle  zombie  corporations  zombie  banks  zombie  consumer  sovereign  crisis  private  consumer  bubble  jubilee  monetization  household  public  debtoverhang  monetisation  restructuring  austerity  current  account  deficit  economic  history  2014  fiscal  policy  monetary  policy  Mark  Carney  davidcameron  GeorgeOsborne  public  policy  financial  repression  New  Normal  QE  ZIRP  NIRP  hunt  for  yield  deflationary  productivity  output  gap  competitiveness  knowledge  worker  skill-biased  technological  change  skill  capital  skills  London  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  value  creation  Industrial  globalisation  globalization  competitive  advantage  comparative  advantage  21stcentury  BRIC  MINT  Europe  free  trade  Germany  exports  export 
may 2014 by asterisk2a
Pfizer and AstraZeneca: Deal or no deal | The Economist
IT'S ALL A MATTER OF DEGREE. Degree of vitality, dynamism, plurality & competition further reduced within the pharmaceutical industry in case of a M&A deal. + http://www2.deloitte.com/global/en/pages/mergers-and-acquisitions/articles/growth-through-merger-and-acquisitions.html "M&A deals intended specifically 2 enable growth fail 2 achieve their expressed growth objective." + http://www.entrepreneur.com/article/52090 /// vs. Internal Growth through start-up/entrepreneurial culture within. --->> once you are a public company, your options to facilitate growth are hugely curtailed do to the short-term thinking of money, crony capitalism >> Wall Street. /// http://en.wikipedia.org/wiki/AstraZeneca#Pfizer_takeover_bid + http://www.bbc.co.uk/news/business-27391124 + http://www.bbc.co.uk/news/business-27309851 | BRITISH INTEREST IS & SHOULD BE MARKET PLURALITY. From May 7th. http://bit.ly/QNgGtz - 7 days later http://bit.ly/1k5sGCg | this case; fiduciary responsibility = short-term thinking
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may 2014 by asterisk2a
Paxman interviews economist Thomas Piketty - Newsnight - YouTube
IT IS ALL A MATTER OF DEGREE. thus you have to marry liberalism & conservatism, throw the junk out. u get liberal-conservatism. The rise of the working poor & squeezed middle class had not been good 4 economic growth & vitality. || +Thomas Piketty on Wealth, Income and Inequality >> watch?v=zytqTSh3oGw || + http://www.huffingtonpost.com/2014/05/01/thomas-piketty-cold-war_n_5247373.html || + http://www.npr.org/2014/05/11/310784652/on-income-inequality-a-french-economist-vs-an-american-capitalist << Edward Conard WRONG! || +++ What the 1% Don't Want You to Know with Paul Krugman - watch?v=QzQYA9Qjsi0 "All men are created equal" NO MORE. 'commanding heights' >> https://www.youtube.com/results?search_query=commanding+heights+documentary + market income inequality vs disposable income inequality http://bit.ly/1ollCVp ... "We live in such an ugliness in America." || Wealth Concentration is a agglomeration of Politica & Public Policy Power. || + Robert Reich >> v=q-rpkZe2OEo || v=heOVJM2JZxI
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may 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.
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may 2014 by asterisk2a

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