asterisk2a + technological 213
Robots 'could take 4m UK private sector jobs within 10 years' | Technology | The Guardian
technological unemployment AI Artificial Intelligence augmented Automation Robotics Manufacturing UK Industrial Strategy underemployed part-time UBI Grundeinkommen Universal Basic Income Bedingungsloses
september 2017 by asterisk2a
technological unemployment AI Artificial Intelligence augmented Automation Robotics Manufacturing UK Industrial Strategy underemployed part-time UBI Grundeinkommen Universal Basic Income Bedingungsloses
september 2017 by asterisk2a
Researchers have answered a big question about the decline of the middle class - The Washington Post
may 2017 by asterisk2a
“This idea that we’re having this progression of increasing incomes over time — I think that might be true for the upper regions of the income distribution but not for the median,” said Nathaniel Hendren, a Harvard University economist who was not involved in the study. [...] The implication, Guvenen argues, is that economists should search for explanations for households’ current financial woes in the youth and childhood of today’s workers.
“We are maybe looking at the wrong place for the solution to stagnation in wages and rising inequalities,” Guvenen said. “To understand higher inequality, we should turn and take a closer look at youth.” /// &! one comment https://redd.it/69zf27 said part to do w competition. if you don't work for that money, others will. labour pool available for some kind of work. already applicable in the auto industry in usa uk and germany.
poverty
trap
USA
Precariat
social
income
mobility
UK
American
Dream
gini
Coefficient
working
poor
living
standard
squeezed
middle
class
education
policy
technological
unemployment
wage
growth
inequality
labour
economic
history
“We are maybe looking at the wrong place for the solution to stagnation in wages and rising inequalities,” Guvenen said. “To understand higher inequality, we should turn and take a closer look at youth.” /// &! one comment https://redd.it/69zf27 said part to do w competition. if you don't work for that money, others will. labour pool available for some kind of work. already applicable in the auto industry in usa uk and germany.
may 2017 by asterisk2a
GRAHAM BROWN-MARTIN on the teaching profession - YouTube
UK education policy Richard David Precht MOOC Tories Conservative Party nasty Austerity technological unemployment UBI Grundeinkommen Universal Basic Income University rationing Theresa May Philip Hammond Cameron George Osborne poverty trap social mobility gini Coefficient downward child fuel JAM Brexit welfare state student debt loan Bursaries skills gap productivity output
march 2017 by asterisk2a
UK education policy Richard David Precht MOOC Tories Conservative Party nasty Austerity technological unemployment UBI Grundeinkommen Universal Basic Income University rationing Theresa May Philip Hammond Cameron George Osborne poverty trap social mobility gini Coefficient downward child fuel JAM Brexit welfare state student debt loan Bursaries skills gap productivity output
march 2017 by asterisk2a
Budget 2017: Asset sales to thank for UK's figures? - BBC News
march 2017 by asterisk2a
'we are not paying our way in the world' -- highlight the cheat the Tories are. 1 sale of national assets to lower debt. still horrible trade balance deficit now w even weaker pound. And not mentioned the recovery supported greatly by household debt bubble and mortgage party. GDP per capita, wage growth v inflation, living standard, current account deficit, underinvestment/austerity in edu and health (see imf paper), ... UK becoming a basket case.
Budget
Tories
Conservative
PFI
Assets
George
Osborne
Theresa
May
Manufacturing
underinvestment
Philip
Hammond
London
Services
nasty
party
ZIRP
NIRP
QE
household
debt
consumer
credit
card
creditcard
mortgage
housing
bubble
Productivity
output
gap
skills
STEM
education
policy
Austerity
current
account
deficit
GFC
bank
bailout
GDP
per
capita
IMF
technological
unemployment
David
Cameron
social
mobility
income
wage
growth
downward
gini
Coefficient
child
poverty
march 2017 by asterisk2a
Budget 2017: £2bn for social care and tax rise for self-employed - BBC News
march 2017 by asterisk2a
http://www.bbc.co.uk/news/business-39114211 http://www.bbc.co.uk/news/uk-politics-39214295 debt going down bc of state asset sales !!! lol like reverse PFI ! http://www.bbc.co.uk/news/uk-politics-39203784 Philip Hammon tip-toeing around the issue of self-employment disparieties and exploitation. Damaging welfare state. While at the same time going through w corp tax cut from Osborne, as well as inheritance tax cut, capital gains, banks, ... also tip-toing around the business rate increase w a temporary relieve to the discretion of each council (call that a admin & beaurocracy catastrophe and prone to abuse, why give relive fund money to one and not the other?) & nothing for NHS. And still going ahead with Triple Lock Pension and no housing benefit for young. And still going ahead w cut in real terms of edu budgets. And still going ahead w no parity in mental health RE DWP ESA limit not funding mental health conditions.
HMRC
Philip
Hammond
Theresa
May
Tories
Conservative
Party
nasty
budget
Brexit
NHS
National
Insurance
NI
adult
social
care
elderly
self-employment
tax
evasion
avoidance
Council
Austerity
ageing
population
demographic
bubble
chronic
sick
health
demand
Generationengerechtigkeit
Triple
Lock
Pension
Trickle-down
Housing
Benefit
Crisis
education
policy
IMF
homelessness
homeless
inequality
technological
unemployment
mobility
welfare
state
child
poverty
downward
income
trap
gini
Coefficient
Disabled
JAM
DWP
JSA
ESA
working
poor
squeezed
middle
class
Precariat
zero
hour
contract
part-time
PFI
march 2017 by asterisk2a
Head teachers take school funding anxieties to Twitter - BBC News
march 2017 by asterisk2a
Head teachers and their staff have taken to Twitter to highlight what may have to be axed in schools in England because of budget cuts.
There have been more than 27,000 tweets using the hashtag #whatwouldyoucut since the campaign against the cuts started on Sunday.
The government insists school investment is at a record £40bn.
But the Association of School and College Leaders said this was only because pupil numbers are rising.
It argued that head teachers are having to make tough decisions about which services to cut.
The tweets included photographs of science experiments, school trips, sporting activities and performing arts events.
UK
Austerity
IMF
skills
gap
productivity
output
education
policy
Tories
nasty
party
Conservative
PISA
technological
unemployment
underemployed
underinvestment
underemployment
social
mobility
income
gini
Coefficient
poverty
trap
working
poor
child
taxcredit
tax
credit
neoliberalism
crony
capitalism
bank
bailout
taxation
Theresa
May
JAM
inequality
BAME
discrimination
competitiveness
competitive
Philip
Hammond
There have been more than 27,000 tweets using the hashtag #whatwouldyoucut since the campaign against the cuts started on Sunday.
The government insists school investment is at a record £40bn.
But the Association of School and College Leaders said this was only because pupil numbers are rising.
It argued that head teachers are having to make tough decisions about which services to cut.
The tweets included photographs of science experiments, school trips, sporting activities and performing arts events.
march 2017 by asterisk2a
IFS: Growth in UK living standards worst in 60 years | Business | The Guardian
march 2017 by asterisk2a
The Institute for Financial Studies is predicting that households will be almost 20% worse off by 2021 - IFS calculations show that average household incomes will be 18% lower in 2021-22 than could have been reasonably expected before the financial crisis in 2007-08 - “One of the biggest drivers of the rise in child poverty is policy choices, which is why it is essential that the prime minister and chancellor use the upcoming budget to put in place measures to stop this happening. An excellent start would be to ensure families can keep more of their earnings under the universal credit.”
IMF
UK
Austerity
OECD
living
standard
George
Osborne
David
Cameron
Philip
Hammond
Theresa
May
GFC
recovery
Tories
nasty
party
bank
bailout
Labour
Ed
Miliband
Jeremy
Corbyn
Conservative
secular
stagnation
disposable
income
discretionary
spending
household
debt
credit
card
mortgage
private
Consumer
Consumerism
wage
growth
inflation
mobility
inequality
gini
Coefficient
poverty
trap
working
poor
gig
economy
zero
hour
contract
Self-Employment
part-time
Precariat
squeezed
middle
class
technological
unemployment
ZIRP
NIRP
QE
trickle-down
neoliberalism
crony
Capitalism
corporatism
tax
evasion
avoidance
GDP
Corporate
profit
maximisation
globalisation
globalization
welfare
underinvestment
child
taxation
taxcredit
UC
DWP
JSA
social
fuel
Brexit
neoconservatism
neoconservatives
JAM
march 2017 by asterisk2a
Government looks for new spending cuts of up to 6% - BBC News
february 2017 by asterisk2a
[ fallacy of Austerity, just Austerity to balance the budget, living off the body, no investment (ROI) to balance future butget by increased tax income. debt does not come down, bc the economy stupid. and imf has backtracked its austerity advice, and latest from imf - investment in health and edu grows economy, got an ROI! ] The Institute for Fiscal Studies has said meeting this target by 2025 would require up to £34bn in further spending cuts and tax rises. &! http://www.bbc.co.uk/news/business-38894023 - To meet his target of eliminating the deficit during the next parliament, which is from 2020 to 2025, Mr Hammond will probably have to find a further £34bn in tax rises and spending cuts, extending austerity.
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
UK
Austerity
NHS
STP
rationing
education
policy
Tories
nasty
party
Conservative
Theresa
May
Philip
Hammond
George
Osborne
fiscal
ROI
underinvestment
working
poor
Precariat
self-employment
gig
economy
squeezed
middle
class
Productivity
output
gap
GFC
recovery
bank
bailout
technological
unemployment
zero
hour
contract
DWP
HMRC
tax
evasion
avoidance
public
health
2020
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
february 2017 by asterisk2a
'It feels like a wilfully ignored secret': how commentators painted Stoke-on-Trent all wrong | UK news | The Guardian
february 2017 by asterisk2a
(career) politician placards and journalists (headline grabbing) can only tell one-line slogan stories. ... for "ordinary people" there is just no space. and they can't make space for them. [...] Not many of these accounts left any room for complexity, nor any recognition of Stoke’s collective push for regeneration and revival, and plenty of local people greeted them with a mixture of anger and anxiety. [ also sold out to professional class, the ascendent as on the other side of the pond ]
Brexit
complexity
DonaldTrump
Donald
Trump
AfD
PEGIDA
economic
history
squeezed
middle
class
working
poor
Precariat
globalisation
globalization
underinvestment
Austerity
Storytelling
GFC
bank
bailout
trickle-down
inequality
social
mobility
structural
unemployment
underemployment
part-time
minimum
wage
living
standard
technological
Career
Politicians
book
Redaktionsschluss
Labour
Tories
Conservative
Party
nasty
NHS
Professional
London
Productivity
Services
Journalism
Journalismus
february 2017 by asterisk2a
Inequality report: Top 1% of Scots have more than bottom 50% - The Scotsman
february 2017 by asterisk2a
The richest one per cent north of the border owns more wealth than the bottom 50 per cent, with the poorest 40 per cent of households 9.4 times worse off in 2012/14 than the top 10 per cent, compared with 8.8 times in 2010/12. The research paper found that the least wealthy 30 per cent of households “have very few assets, with employment no longer a guarantee against low wealth.”
Scotland
inequality
Gini
Coefficient
poverty
trap
working
poor
income
mobility
social
education
public
health
distribution
redistribution
Super
Rich
1%
10%
Oligarchy
Plutocracy
UK
Precariat
downward
SNP
taxation
upward
skills
skill-biased
technological
unemployment
february 2017 by asterisk2a
Mark Blyth--"Liberalisms' great trick has been to naturalize very difficult political contests." - YouTube
february 2017 by asterisk2a
'blocking coalitions' libdems and tories, GroKo, ... Dems/Obama, // /// Trump was bound to happen - https://youtu.be/2dTh3uLTEpk - Russell Brand on Donald Trump's Presidency - Full Interview - on radio X w moyles.
Brexit
DonaldTrump
Centrists
GroKo
democracy
history
neoliberalism
technological
unemployment
far-right
right-wing
Nationalism
Mark
Blyth
Protectionism
Populism
squeezed
middle
class
working
poor
Precariat
Armutsrisiko
poverty
trap
social
mobility
income
gini
Coefficient
inequality
Austerity
bank
bailout
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
february 2017 by asterisk2a
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.
The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
UK
Brexit
Austerity
tax
credit
Tories
JAM
nasty
party
Conservative
poverty
fuel
working
poor
Precariat
zero
hour
contract
Contractor
Self-Employment
gig
Economy
1099
part-time
social
mobility
income
distribution
redistribution
squeezed
middle
class
technological
unemployment
underemployed
underemployment
trap
education
policy
public
health
inequality
Food
Bank
gini
Coefficient
Triple
Lock
Pension
JSA
ESA
DWP
minimum
wage
taxation
evasion
avoidance
HMRC
NHS
inflation
living
standard
disposable
discretionary
spending
Card
consumer
debt
household
underinvestment
skills
skill-biased
Productivity
output
gap
downward
upward
Theresa
May
George
Osborne
David
Cameron
Philip
Hammond
The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
february 2017 by asterisk2a
UK inflation: now it's the pound in your pocket being devalued | Business | The Guardian
january 2017 by asterisk2a
According to the National Institute for Economic & Social Research inflation is heading towards 4% as the effect of Brexit uncertainty keeps the pound low and imports expensive. [...] The government has pledged to double down on austerity from April, with cuts to tax credits and other benefits as well as the savings made over the last five years.
Such a sharp spike in prices will strain household finances, especially when wages growth is expected to remain at around 2.5%.
Bank of England policymaker Michael Saunders said last week that developments in the labour market such as zero-hour contracts and agency working meant wages were unlikely to take off any time soon. [...] [ rise in unsecured credit 2008 levels, and personal bankruptcies not easier (online) to do and 2016 personal bankruptcies were up ~16% ]
UK
Brexit
living
standard
disposable
income
discretionary
spending
wage
growth
GDP
recovery
GFC
inflation
£
British
Pound
Precariat
working
poor
squeezed
middle
class
technological
unemployment
Productivity
output
gap
part-time
zero
hour
contract
Contractor
Self-Employment
gig
economy
1099
economic
history
Austerity
tax
credit
consumer
debt
household
Card
BOE
bankruptcies
bankruptcy
underinvestment
Such a sharp spike in prices will strain household finances, especially when wages growth is expected to remain at around 2.5%.
Bank of England policymaker Michael Saunders said last week that developments in the labour market such as zero-hour contracts and agency working meant wages were unlikely to take off any time soon. [...] [ rise in unsecured credit 2008 levels, and personal bankruptcies not easier (online) to do and 2016 personal bankruptcies were up ~16% ]
january 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
january 2017 by asterisk2a
Advances in artificial intelligence mean a second wave of change is approaching – and it is not the low-paid service sector where jobs are most at risk // Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories. // https://twitter.com/ianbremmer/status/822930363827757056 20/80 split. - Technology—not int'l trade—accounts for 85% of the lost manufacturing jobs in the US. Feels like it's worth the reminder. &! https://www.theatlantic.com/business/archive/2014/01/the-dark-side-of-globalization-why-seattles-1999-protesters-were-right/282831/
AI
automation
Robotics
self-driving
cars
autonomous
vehicles
squeezed
middle
class
USA
UK
technological
unemployment
UBI
Universal
Basic
Income
Grundeinkommen
economic
history
education
policy
creativity
Richard
David
Precht
Alain
de
Botton
globalisation
globalization
offshore
outsourcing
contractor
contract
zero
hour
part-time
workers
union
trade
rights
Self-Employment
gig
economy
wage
growth
neoliberalism
crony
capitalism
tax
evasion
avoidance
Competition
corporatism
monopoly
oligopol
oligopoly
1%
10%
Super
Rich
Plutocracy
Oligarchy
welfare
state
redistribution
distribution
Precariat
working
poor
downward
mobility
social
poverty
trap
Austerity
underinvestment
underemployed
underemployment
january 2017 by asterisk2a
How Trump Could Cause the Economic Meltdown - YouTube
january 2017 by asterisk2a
Trump not addressing working poor, tech unemployment all unemployment and poor pay, growth of service sector jobs not caused by globalisation only. [...] Skidelsky promised leisure time is not in sight!!! bc tech put in place for profitmaximisation. more productivity, but worker retrained using robot paid same as before. not better. // Institutionalize Redistribution via Co-Ops (ie profit sharing, not CEO pay excess, no Wall Street shareholder dividends, but workers dividends (13th monthly payment), // Repeal ACA/Obamacare, is tax cut for 200k (250k as couple) households (10-1%)! canceling their progressive taxes on healthcare, to subsidize the poor and those without. what Obamacare enabled, insuring millions of uninsured, bc could not afford it. // Capitalism does not provide security to working class. bc taken over by neolib, crony, two rules, corruption, 1% fouvourism // do not reform, institutionalise from bottom and top redistribution ie co-op, progressive taxation (w investment tax free brackets), no tax evasion/avoidance harsher sentences, universal basic income w edu reform (Richard David Precht), ...
DonaldTrump
Donald
Trump
Co-Op
wealth
redistribution
Precariat
working
poor
Service
Sector
USA
income
growth
wage
CEO
pay
WallStreet
shareholder
stakeholder
GFC
squeezed
middle
class
poverty
trap
Consumer
Debt
household
debtoverhang
discretionary
spending
disposable
AI
Robotics
Skidelsky
technological
Productivity
leisure
time
part-time
Obamacare
ACA
neoliberal
neoliberalism
crony
Capitalism
Exploitation
january 2017 by asterisk2a
The Dark Side of Globalization: Why Seattle's 1999 Protesters Were Right - The Atlantic
january 2017 by asterisk2a
mix between technology and globalisation, WTO etc // https://twitter.com/ianbremmer/status/822930363827757056 - The Dark Side of Globalization
The clearest example is competition from foreign workers, which really has slammed the American working class. Economists David Autor, David Dorn, and Gordon Hanson did very careful empirical work and found that competition from China lowered wages and increased unemployment for American workers who were in competition with Chinese imports. Economists Michael Elsby, Bart Hobijn, and Aysegul Sahin found that competition from developing countries—not the decline of unions or the rise of automation—has been responsible for the bulk of the recent decline in labor’s share of income in the United States.
globalisation
globalization
WTO
technological
unemployment
Productivity
China
manual
labour
automation
structural
underemployed
economic
history
AI
The clearest example is competition from foreign workers, which really has slammed the American working class. Economists David Autor, David Dorn, and Gordon Hanson did very careful empirical work and found that competition from China lowered wages and increased unemployment for American workers who were in competition with Chinese imports. Economists Michael Elsby, Bart Hobijn, and Aysegul Sahin found that competition from developing countries—not the decline of unions or the rise of automation—has been responsible for the bulk of the recent decline in labor’s share of income in the United States.
january 2017 by asterisk2a
Philosophy can teach children what Google can’t – and Ireland knows it | Charlotte Blease | Opinion | The Guardian
january 2017 by asterisk2a
With jobs being automated and knowledge being devalued, humans need to rediscover flexible thinking. That starts in schools
Philosophy
Alain
de
Botton
education
policy
technological
unemployment
underemployed
underemployment
part-time
Skidelsky
january 2017 by asterisk2a
When robots take jobs, workers deserve compensation
january 2017 by asterisk2a
In a recent FT blog post, the economist Gavyn Davies concluded economics urgently needed to catch up with that runaway politics. “How to compensate the losers from globalisation will be the big story in macro in 2017,” he wrote.
Some economists argue the simplest and most radical solution would be to provide all citizens with a universal basic income, a guaranteed state handout paid to everyone, irrespective of work, wealth, or social contribution.
technological
unemployment
UBI
Grundeinkommen
Universal
Basic
Income
globalisation
globalization
Brexit
underemployed
part-time
working
poor
Poverty
trap
Precariat
DonaldTrump
Donald
Trump
immigration
Some economists argue the simplest and most radical solution would be to provide all citizens with a universal basic income, a guaranteed state handout paid to everyone, irrespective of work, wealth, or social contribution.
january 2017 by asterisk2a
Universal basic income is not a magic solution, but it could help millions | Anthony Painter | Opinion | The Guardian
january 2017 by asterisk2a
The tragedy for those who believe in progressive change would be if this debate was stifled. If we as a society are serious about creating a greater level of security and dignity for all then this debate needs to be widened rather than curtailed.
Universal
Basic
Income
UBI
Grundeinkommen
technological
unemployment
underemployed
underemployment
welfare
social
security
poverty
working
poor
Precariat
JAM
january 2017 by asterisk2a
Independent research exposes Tory schools funding lie - YouTube
january 2017 by asterisk2a
hidden cuts to education. shrinking real terms bc of inflation. some schools consider running either even bigger classes +30 or 4 day school week. // schools budget overall protected, but not from inflation.
UK
Austerity
education
policy
Ofsted
JAM
post
code
lottery
Tories
spin
doctor
poverty
trap
working
poor
Precariat
youth
unemployment
technological
social
mobility
income
downward
Gini
Coefficient
nasty
party
Conservative
Philip
Hammond
Theresa
May
january 2017 by asterisk2a
Brexit and the UK's role in 2017 - YouTube
december 2016 by asterisk2a
UK joined EU for practical economic reasons, as it was sick man of europe and europe itself outgrew UK. Now UK makes irrational economic self-harm bc it doesnt see EU as strong any more, the rest is stronger and wont be bound by EU. // Theresa May to be unremarkable PM. Accidental Brexit PM. ... bc of ineptitude of Labour and majority of Press Landscape backing Brexit.
Brexit
DonaldTrump
Donald
Trump
technological
unemployment
immigration
working
poor
globalisation
globalization
London
squeezed
middle
class
Precariat
identity
politics
Religion
living
standards
inequality
poverty
underemployed
underemployment
gig
economy
self-employment
gini
coefficient
Super
Rich
Austerity
1%
Plutocracy
Establishment
Liberal
Elite
social
mobility
wage
growth
income
stagnation
recovery
GFC
bank
bailout
Theresa
May
december 2016 by asterisk2a
Lord King says Brexit brings 'real opportunities' - BBC News
december 2016 by asterisk2a
economic reform // He said there were "real opportunities" for economic reform and new trade deals which meant Brexit could be a success. // problem is that after the GFC one opportunity was left at at bus stop. now we get 2nd w May/Tories/Brexit ? // like meat tax?
Brexit
liberal
economic
reform
technological
unemployment
working
poor
squeezed
middle
class
Austerity
MervynKing
BOE
markcarney
carney
social
mobility
income
poverty
tax
evasion
avoidance
HMRC
taxation
theresa
may
Tories
Conservative
Party
nasty
december 2016 by asterisk2a
Leben mit Hartz IV: Die Wahrheit über 1€ Jobs (Doku Deutsch) - YouTube
december 2016 by asterisk2a
Agenda 2010 u.a. - subventionierung von Arbeit und Ausbildung. Und liberalisierung von Arbeitsmarkt; zero hours, minijob, teilzeit, zeitarbeit, neuer werkvertrag, // = wage pressure of global workplace.
hartz-IV
poverty
trap
liberal
economic
reform
Agenda
2010
UK
Germany
OECD
USA
working
poor
technological
unemployment
universal
basic
income
UBI
Grundeinkommen
corporate
welfare
december 2016 by asterisk2a
We need to talk about towns - Top Stories - The New European
december 2016 by asterisk2a
[ Globalisation and neoliberalism crony capitalism and austerity] has wreaked a huge price on the working class here, [the fly-over country]. The shift of manufacturing jobs to cheaper parts of the world decimated once self-sufficient industrial communities. The jobs that came to replace them were often low paid, precarious and seen as emasculating by a generation of men raised on tales of life in the pits and the steel mills. [ but past jobs wont come back and technology will take even more away! Thus the promise of Brexit and co is worth nothing in 10 years, when technological unemployment rules the headlines, not immigration ]
DonaldTrump
Donald
Trump
Brexit
AfD
PEGIDA
technological
unemployment
december 2016 by asterisk2a
Lowest common denominator: Robbing Peter to pay Paul is a cover for £3bn in Tory education cuts - YouTube
december 2016 by asterisk2a
reform used to squeeze protected area (edu) in real terms
UK
education
policy
Austerity
Theresa
May
Tories
Conservative
nasty
party
George
Osborne
David
Cameron
underinvestment
PISA
technological
unemployment
december 2016 by asterisk2a
Gig economy threatens government finances, says May adviser | Business | The Guardian
november 2016 by asterisk2a
“There is no question that the growth of self-employment and incorporation is having a significant impact on our revenues.” It is not known how many of the UK’s 4.7m self-employed workers are engaged in work that could also be classed as employment, but if only 10% were, that could imply an annual loss to the exchequer of close to £1bn, according to the Guardian’s estimate.
The exchequer does not receive employer national insurance contributions on behalf of self-employed workers. [...] Writing in the Guardian, Taylor says Britain’s employment system “has weaknesses and is not future-proof”
Self-Employment
Uber
Deliveroo
tax
avoidance
NHS
evasion
pension
Precarious
work
working
poor
Gig
Economy
1099
UK
budget
HMRC
technological
unemployment
JSA
DWP
Platform
Capitalism
minimum
wage
The exchequer does not receive employer national insurance contributions on behalf of self-employed workers. [...] Writing in the Guardian, Taylor says Britain’s employment system “has weaknesses and is not future-proof”
november 2016 by asterisk2a
'Limited evidence' for benefit sanctions, NAO says - BBC News
november 2016 by asterisk2a
Benefit sanctions leading to "hardship, hunger and depression" are being imposed on people despite "limited evidence" on how well they work, the National Audit Office says.
The public spending watchdog also said use of the sanctions "varies substantially" between jobcentres.
JSA
sanctions
ESA
DWP
structural
unemployment
mental
health
technological
UK
welfare
state
The public spending watchdog also said use of the sanctions "varies substantially" between jobcentres.
november 2016 by asterisk2a
Theresa May's social justice means cuts to the incomes of the poor - YouTube
november 2016 by asterisk2a
JAM got no deal from Theresa and Philip. First Budget. 220bn hole 2016-2020 from Brexit; a first estimate. //&! https://soundcloud.com/novaramedia/novarafm-autumn-statement-2016-how-bad-is-it
JSA
ESA
JAM
working
poor
poverty
child
downward
mobility
DWP
Theresa
May
Austerity
Brexit
Universal
Credit
Tax
Damian
Green
Iain
Duncan
Smith
George
Osborne
Philip
Hammond
David
Cameron
part-time
underemployed
underemployment
technological
unemployment
structural
welfare
november 2016 by asterisk2a
Unemployment falls to 11-year low | Business | The Guardian
november 2016 by asterisk2a
The number of self-employed people has increased by 213,000 since the same time last year to reach 15.1% of those in work. ///&! https://www.theguardian.com/business/2016/nov/16/employment-brexit-vote-claimant-count - lots of people dropped out of labour forcre. stopped looking. //&! https://www.theguardian.com/uk-news/2016/nov/15/more-than-7m-britons-in-precarious-employment //&! https://www.theguardian.com/uk-news/2016/nov/16/universities-accused-of-importing-sports-direct-model-for-lecturers-pay
Self-Employment
underemployed
underemployment
part-time
UK
labour
market
recovery
technological
unemployment
Precarious
Precariat
working
poor
Zero
Hour
Contract
Brexit
investment
FDI
underinvestment
november 2016 by asterisk2a
BREAKING First Interview: Bernie Sanders On Donald Trump Winning the Election - Nov 10th 2016 - YouTube
november 2016 by asterisk2a
minimum wage, gender wage gap, infrastructure, trade deals, ... tax evasion & avoidance! - will he tackle it? // don't take anger out on minorities and poor (help by language of government, ie deserving poor and undeserving poor) - what the tories did successfully.
DonaldTrump
Donald
Trump
presidency
Super
Rich
1%
10%
20%
Plutocracy
tax
evasion
avoidance
minimum
wage
working
poor
productivity
output
gap
value
creation
added
job
education
policy
squeezed
middle
class
GFC
bank
bailout
poverty
Demagogue
Populism
Racism
Bernie
Sanders
UK
underinvestment
underemployed
underemployment
Manufacturing
technological
unemployment
inequality
income
growth
gini
Coefficient
november 2016 by asterisk2a
Michael Moore joins wide-ranging election talk | MSNBC
november 2016 by asterisk2a
Trump spend more money on baseball hats than polls. polls to refine message. // trump refines his message on stage like the sales man he is. // Bernie won Michigan and Wisconsin. // Sanders win 22 states, ppl want change. ppl did not care about lable (socialist). // African American vote in Detroit and Michigan was down! Bc of 8 years of Obama did not trickle down onto Main Street! Pipes in Flint Michigan still not replaced! // DNC leaked debate questions to Hillary // "I was used." Not again. // lots of ppl did not check boxes for president but voted for everything else. happened in all states!!! // Authoritarian and Populist. // Fascism in 20th century will come w TV Show [... 21st w FB Newsfeed ] // Flint vs Manhatten ... dont blame the victim (voting for Trump), Manhatten where are dreams growth jobs and plenty. And journalistic coverage lokal and national! Flint? 90% ppl dont have philosophical luxury (Hillary, Trump, Stein, other) but have to survive and grasp for every straw; Donald J Trump. // America still racial. No post-racial America. // Pollsters live by data and died by data. // Progressives (Bernie alike) have to take over DNC/Democrats to have a chance in 2020!!! // Donald J Trump destroyed both (rigged) parties. // Elizabeth Warren might run 2020 and might be backed by DNC // Why not Tom Hanks. Oprah Winfrey? USA is celebrity-based culture. // Bernie and Trump spoke to same community, but w different answers. //
Donald
Trump
Michael
Moore
presidential
election
2016
Hillary
Clinton
Bernie
Sanders
DonaldTrump
Plutocracy
Elite
1%
10%
20%
Super
Rich
American
Dream
Washington
BarackObama
presidency
USA
recovery
GFC
globalisation
globalization
technological
unemployment
underinvestment
underemployed
underemployment
part-time
november 2016 by asterisk2a
Shift to automation may prevent Trump from delivering on his jobs promise - Chicago Tribune
november 2016 by asterisk2a
Can Republicans "create jobs" decrease inequality, increase wages for the 80%. Ian Bremmer Agrees - https://www.facebook.com/ianbremmer/videos/588726201300428/ - ie defence budget is going up? // Saudi Arabia not happy .. // voter turnout anemic! apathetic! // whites less educated saw their livelihoods going away. especially rural area. not the big cities! // dems clintons not going to fix whats wrong. trump choice worse than clinton would have been. // &! econ challenges structural and more coming! http://fivethirtyeight.com/features/the-economic-challenges-facing-the-next-president/
Donald
Trump
GOP
USA
presidential
election
2016
education
policy
attainment
gap
income
inequality
Establishment
infrastructure
investment
post-racial
America
poverty
1%
10%
20%
Plutocracy
Super
Rich
Republicans
Trickle-down
automation
robotics
technological
unemployment
ISIS
Saudi
Arabia
AI
augmented
intelligence
structural
underemployed
underemployment
part-time
social
mobility
wage
growth
TTIP
globalisation
neoliberal
neoliberalism
Chicago
School
globalization
DonaldTrump
BarackObama
Brexit
TTP
productivity
output
november 2016 by asterisk2a
Panorama 3 vom 1.11.2016 | Panorama 3 | NDR - YouTube
november 2016 by asterisk2a
Arbeit auf Abruf: Das Leiden der Arbeitnehmer "teilzeit auf abruf" aka Zero Hour contract! abb 22:30 // der Mensch als Roboter den man an und aus schaltet!
Zero
Hour
Contract
UK
Germany
Leiharbeit
Zeitarbeit
Minijob
technological
unemployment
neoliberal
neoliberalism
on-demand
part-time
underemployed
Structural
Agenda
2010
crony
capitalism
working
poor
Precariat
Precarious
ALG2
Sozialabstieg
poverty
child
Exploitation
SPD
CDU
CSU
AfD
PEGIDA
Rechtsruck
far-right
right-wing
november 2016 by asterisk2a
Today’s Artificial Intelligence Does Not Justify Basic Income
november 2016 by asterisk2a
Even the simplest jobs require skills—like creative problem solving—that AI systems cannot yet perform competently.
AI
Artificial
Intelligence
augmented
UBI
technological
unemployment
self-driving
cars
autonomous
Universal
Basic
Income
Creativity
Creatives
november 2016 by asterisk2a
The battle over Uber and driverless cars is really a debate about the future of humanity | Paul Mason | Opinion | The Guardian
november 2016 by asterisk2a
Because soon there won’t need to be drivers at all. Given that there are 400,000 HGV drivers in the UK, that at least a quarter of Britain’s 2.5 million van drivers are couriers, and that there are 297,000 licensed taxi drivers – that is a big dent in male employment.
The most important question facing us is not whether Uber drivers should have employment rights (they should), but what to do in a world where automation begins to eradicate work. If we accept – as Oxford researchers Carl Frey and Michael Osborne stated in 2013 – that 47% of jobs are susceptible to automation, the most obvious problem is: how are people going to live?
Uber
Book
Self-Employment
technological
unemployment
UK
universal
basic
income
UBI
The most important question facing us is not whether Uber drivers should have employment rights (they should), but what to do in a world where automation begins to eradicate work. If we accept – as Oxford researchers Carl Frey and Michael Osborne stated in 2013 – that 47% of jobs are susceptible to automation, the most obvious problem is: how are people going to live?
november 2016 by asterisk2a
Schichtwechsel - Die Roboter übernehmen | Die Story im Ersten - YouTube
october 2016 by asterisk2a
uk 50%, germany 59% fall away replaced by AI and robotics.
technological
unemployment
october 2016 by asterisk2a
Keiser Report: Mom joins in (E981) - YouTube
october 2016 by asterisk2a
extraction of profits. no accountability. share buyback // post-gfc fighting slowdown of velocity and m3 reduction w monetary policy QE // look post prexit 2017 - velocity of £, hgousehold debt, credit card debt, car loan,
underinvestment
profit
maximisation
recovery
GFC
technological
unemployment
structural
underemployed
Productivity
output
gap
globalisation
globalization
Brexit
CETA
TTIP
TTP
NAFTA
WallStreet
share
buyback
neoliberal
neoliberalism
crony
capitalism
UK
USA
European
Union
austerity
economic
history
plutocracy
1%
10%
20%
oligarchy
oligopol
oligopoly
deflation
deflationary
monetary
policy
reflate
QE
Super
Rich
october 2016 by asterisk2a
Robots threaten 15m UK jobs, says Bank of England's chief economist | Business | The Guardian
october 2016 by asterisk2a
50% of uk jobs up for grabs (AI/Robotics) // post brexit 32m at full employment ( https://www.theguardian.com/business/2016/oct/19/uk-employment-rate-at-record-high-despite-brexit-vote )
technological
unemployment
AI
Robotics
self-driving
car
autonomous
augmented
intelligence
UK
october 2016 by asterisk2a
Ferguson: Democracy Around the World Is in Crisis - Bloomberg
october 2016 by asterisk2a
globalisation _ gfc _ recovery _ immigration _ political establishment corrupt not representing us // populism doesnt work to solve gefuehlte wirklichkeiten (never be enough).
Donald
Trump
Hillary
Clinton
Democracy
populism
AfD
Front
National
USA
UK
UKIP
Brexit
Germany
France
economic
history
squeezed
middle
class
poverty
structural
unemployment
technological
immigration
European
Union
wage
growth
income
inequality
gini
Coefficient
stagnation
secular
GFC
recovery
bank
bailout
crony
capitalism
Precariat
working
poor
Austerity
neoliberal
neoliberalism
corporate
welfare
tax
evasion
avoidance
globalisation
globalization
Chicago
School
bubble
fiscal
policy
monetary
october 2016 by asterisk2a
Babbage: Elevated intelligence by The Economist
october 2016 by asterisk2a
min 8. Factory Automation, much more faster than expected. bc of AI, augmented AI, cheap sensors, computing power, networking (cloud). Amazon runs contest to automate (robot) its warehouse. machine learning. year on year development costs lower. thus investments get more affordable year on year. [...] 1 take out labour functions (mindless assembly), enhance productivity / 2 eliminate labour arbitrage (globalisation) - China, South Asia, Africa. Thus assemble in home country where you sell. [...] Countries have to move up the value chain! Germany, UK, America, ... China!!! Mittelstand got to innovate and disrupt itself.
Amazon
Zalando
AI
sensor
augmented
intelligence
Artificial
machine
learning
automation
robotics
technological
unemployment
october 2016 by asterisk2a
Zerstört sich der Kapitalismus selbst? - Doku Arte - YouTube
september 2016 by asterisk2a
norbert bolz - consumer fetish ... spiritual worth (identity) is only reason to buy ... items live! give life. // slavoj zizek - in der praxis handelst du nach einer illusion! // Capitalism produces what people want << Celebrity Kim Kardashian // Wir verkaufen auch uns. - Menschliche Ware ... universalisiert die Prostitution. [...] Vorteuschung von leben. Verfuehrt mit einem Angebot von einem anderen leben. // MUST WRITE BOOK - Corruption of Society. Korruption der Gesellschaft. // slavoj zizek // accumulation - concentration of profit! (FB, Google, Apple) // Natur ist kein Privateigentum! /// technological unemployment shows that future capitalism needs no workers thus creating slums // materieller wettstreit = aufgebraucht ... knowledge is anti-capitalist commodity. // leben in einer zeit wo kollektive selbszerstoerung moeglich ist! // consumgesellschaft oder unbequeme wahrheit (zynisch dem status quo). leider sind wird durch beides in der vegangenheit und gegenwart schon vergiftet worden (extremes of capitalism and extremes of socialism/marxism/kommunism //
Marxism
Capitalism
crony
status
anxiety
Karl
Marx
neoliberal
neoliberalism
GFC
economic
history
workers
union
trade
poverty
working
poor
Philosophy
Alain
De
Botton
materialism
consumerism
consumerist
Selbstdarstellung
Social
Media
mental
health
Universal
Basic
Income
Identity
Politics
Fashion
Celebrity
Culture
Wertegesellschaft
Kim
Kardashian
Gesellschaft
sociology
soziologie
Facebook
society
western
world
child
Precariat
Precarious
Exploitation
limited
resources
climate
change
global
warming
1%
10%
20%
Plutocracy
Oligarchy
bank
bailout
self-regulation
self-awareness
technological
unemployment
underemployed
september 2016 by asterisk2a
A new syllabus | The Economist
september 2016 by asterisk2a
Mrs May’s plan to increase academic selection would probably boost the number of high achievers. But it would not be “regardless of their background”: most would be from well-off families and if many schools opted for entrance exams, poor children would be harmed. A less flashy policy brought in by her predecessor, David Cameron, might raise standards more widely. Schools will no longer be rated according to the share of pupils achieving five C grades in exams taken at age 16 (which encouraged them to focus on the middle of the ability range) but on the share who do as well as expected given their ability on entry. That will promote high achievement—in every school.
Grammar
Schools
Theresa
May
OECD
social
mobility
gini
Coefficient
Racism
prejudice
class
warfare
education
policy
underinvestment
Austerity
David
Cameron
George
Osborne
technological
unemployment
University
september 2016 by asterisk2a
A giant problem | The Economist
september 2016 by asterisk2a
As our special report this week makes clear, the superstars are admirable in many ways. They churn out products that improve consumers’ lives, from smarter smartphones to sharper televisions. They provide Americans and Europeans with an estimated $280 billion-worth of “free” services—such as search or directions—a year. But they have two big faults. They are squashing competition, and they are using the darker arts of management to stay ahead. Neither is easy to solve. But failing to do so risks a backlash which will be bad for everyone. [...] The world needs a healthy dose of competition to keep today’s giants on their toes and to give those in their shadow a chance to grow.
Google
Apple
Facebook
winner-take-all
oligopol
Tax
Evasion
Avoidance
technological
unemployment
underemployed
Universal
Basic
Income
regulation
regulators
self-regulation
september 2016 by asterisk2a
Frank Rieger: Die nächste Welle – Warum wir aufhören müssen, Technik als solche zu regulieren. - YouTube
august 2016 by asterisk2a
Aenderung der Prozesse um sie anzupassen an AI/augmented intelligence. [...] Wir koennten uns aussuchen wie Gesellschaft aussieht ... wenn da nicht der neoliberalismus waere. [...] zb Frage Was sind unsere optimierungsziele ... und da kommt dann die neoliberale wirtschafts lobby!
technological
unemployment
book
AI
artificial
Intelligence
self-driving
cars
autonomous
august 2016 by asterisk2a
Forget ideology, liberal democracy’s newest threats come from technology and bioscience | John Naughton | Opinion | The Guardian
august 2016 by asterisk2a
A groundbreaking book by historian Yuval Harari claims that artificial intelligence and genetic enhancements will usher in a world of inequality and powerful elites. How real is the threat?
technological
unemployment
book
AI
Artificial
Intelligence
Robotics
automation
august 2016 by asterisk2a
Economic Update: The System Exposed (2016.08.18) - YouTube
august 2016 by asterisk2a
34:30 = Gig Economy / Sharing Economy = Hype, PR! attempt to part w your money, w your job. your condition is a now unsecure job, the precariat. welcome to the share economy.
Gig
Economy
Sharing
1099
Uber
Deliveryroo
Precariat
Precarious
Work
Zero
Hour
Contract
part-time
technological
unemployment
mobile
homescreen
job
insecurity
august 2016 by asterisk2a
For UK women in low-paid jobs, a second child is a mixed blessing | Society | The Guardian
august 2016 by asterisk2a
Lack of childcare means mothers have to stop working and see their incomes fall, according to LSE study [...] A new study finds that, while the addition of a second child has little effect on the working hours of mothers in skilled jobs, it has a substantial and negative effect on low-skilled women who are forced to reduce their hours considerably or even give up their jobs altogether. The findings reinforce the view that there is a shortage of affordable childcare in the UK, despite successive government attempts to help women into work in recent years.
single-mother
gender-based
inequality
child
care
tax
credit
UK
income
social
mobility
skill-biased
technological
unemployment
change
skill
gap
skills
STEM
august 2016 by asterisk2a
Peter Thiel on the Global Economy, the State of Our Technology, and Artificial Intelligence - YouTube
Peter Thiel globalisation globalization Political Correctness economic history liberalism Silicon Valley risk aversion AI artificial intelligence augmented intelligence technological unemployment Robotics automation
july 2016 by asterisk2a
Peter Thiel globalisation globalization Political Correctness economic history liberalism Silicon Valley risk aversion AI artificial intelligence augmented intelligence technological unemployment Robotics automation
july 2016 by asterisk2a
ARM chip designer to be bought by Japan's Softbank
july 2016 by asterisk2a
ARM-Who? bbc.in/29OUgUM //&! 43% premium // on.recode.net/29On8LK - One key question is whether other firms will let SoftBank purchase ARM or if there will be a bidding war. Apple, arguably ARM’s most important client, and Intel, which lost the mobile chip war to ARM, are both potential buyers. The offer is already a generous multiple. As the FT notes, it’s some 70 times ARM’s net income last year. That’s around the same price-to-earnings ratio as Facebook stock. //&! politicians grasping for a positive headline - bit.ly/29OyjUD - bit.ly/2an8nk6 &! bit.ly/29PpN7N &! bit.ly/29ODbdM << calling a takeover/M&A an investment is criminal. Softbank will extract value out of it for its shareholders. What else?! &! Labeling Softbank as a japanese company; bbc.in/29OhqdK &! Vince Cable worried - bbc.in/2a3c95T &! youtu.be/T4IZdNW-e5U :: M&A is not investment, stupid! misleading people.
M&A
SoftBank
Capital
shareholder
value
shareholder
capitalism
dividends
smart
phone
IoT
profit
maximisation
profit
maximization
equity
bubble
distortion
hunt
for
yield
ARM
Venture
Capital
ROI
Tories
nasty
party
Conservative
technological
unemployment
research
R&D
productive
investment
Intel
Apple
july 2016 by asterisk2a
Künstliche Intelligenz: Ökonomen lehnen Robotersteuer ab - DIE WELT
july 2016 by asterisk2a
Mit einer Robotersteuer wollen manche die Maschinen menschlichen Arbeitnehmern gleichstellen. Ökonomen halten die Idee für einen Irrweg. Der technische Fortschritt lasse sich nicht aufhalten.
technological
unemployment
Robotics
automation
winner
take
all
globalisation
globalization
multinational
free
trade
free
trade
agreement
conglomerate
tax
evasion
tax
avoidance
crony
capitalism
capitalism
in
crisis
marginal
cost
Jeremy
Rifkin
Paul
Mason
post-capitalism
Higher
Education
Universal
Basic
Income
Grundeinkommen
structural
unemployment
long-term
unemployment
july 2016 by asterisk2a
A hard truth for Leave voters: Brexit means big government
july 2016 by asterisk2a
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
globalisation
globalization
squeezed
middle
class
Precariat
working
poor
job
security
job
insecurity
self-employment
neoliberal
neoliberalism
liberal
economic
reform
Agenda
2010
Zero
Hour
Contract
OECD
BRIC
USA
UK
Germany
France
economic
history
capitalism
capitalism
in
crisis
protectionism
Brexit
exploitation
crony
capitalism
tax
evasion
tax
avoidance
immigration
migration
Philip
Hammond
austerity
Workers
Union
Workers
Rights
Trade
Union
Theresa
May
Conservative
Party
nasty
Tories
budget
deficit
neoclassical
economics
Chicago
School
deflation
deflationary
aggregate
demand
aggregate
demand
short-fall
Richard
Koo
free
free
agreement
underinvestment
business
confidence
productivity
productivity
gap
productive
investment
output
output
gap
technological
unemployment
skills
economy
skills
gap
skill
gap
industrial
policy
Manufacturing
july 2016 by asterisk2a
Up to 70% of people in developed countries 'have seen incomes stagnate' | Business | The Guardian
july 2016 by asterisk2a
Research by the McKinsey Global Institute found that between 65% and 70% of people in 25 advanced countries saw no increase in their earnings between 2005 and 2014. The report found there had been a dramatic increase in the number of households affected by flat or falling incomes and that today’s younger generation was at risk of ending up poorer than their parents. Only 2% of households, 10 million people, lived through the period from 1993 to 2005 – a time of strong growth and falling unemployment – without seeing their incomes rise.
western
world
squeezed
middle
class
working
poor
Precariat
wage
growth
income
growth
income
distribution
inequality
Gini
coefficient
poverty
child
poverty
developed
world
recovery
GFC
austerity
secular
stagnation
wage
stagnation
wage
deflation
minimum
wage
minimumwage
mindestlohn
capitalism
capitalism
in
crisis
technological
unemployment
economic
history
OECD
IMF
Brexit
AfD
far
right
right-wing
far-right
income
inequality
income
mobility
social
mobility
income
redistribution
tax
avoidance
tax
evasion
neoliberal
neoliberalism
aggregate
demand
short-fall
aggregate
demand
Front
National
triple-lock
pension
UK
Germany
USA
France
shareholder
capitalism
winner
take
all
globalisation
globalization
profit
maximisation
profit
maximization
dividends
CEO
pay
career
ladder
Politicians
career
politician
No
Representation
Protest
Vote
july 2016 by asterisk2a
Festival of Economics 2014: Will the Robots Eat all the Jobs? - YouTube
july 2016 by asterisk2a
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
Technological Unemployment (2013) w Jacque Fresco
july 2016 by asterisk2a
wikipedia Jacque Fresco // MORE AI, automation, robotics, augmented intelligence, self-driving cars = LESS AGGREGATE DEMAND (disposable income of the middle class, working class & working poor) [...] productivity has risen but incomes NOT! [...] & companies are making more money for shareholders & owners with less & less people (see Facebook) [...] Industry doesnt care abt people. They hire people because it hasnt been yet automated. [...] A JOBLESS RECOVERY & JOBLESS GDP GROWTH [...] routine middle class jobs eliminated fastest! [...] pace of destruction is greater than pace of creation of new jobs! [...] ie Lawyer Software searching through files via augmented intelligence //&! Humans Need Not Apply - youtu.be/7Pq-S557XQU //&! Jerry Kaplan ((re)distribute wealth more equally - youtu.be/JiiP5ROnzw8), Rifkin (Zero Marginal Cost), Paul Mason (post-capitalism) book //&! UBI a must in future - youtu.be/WMF-Z74C1QE &! youtu.be/mEV-kAjtm9U &! youtu.be/9pdU_Rkwzes
technological
unemployment
aggregate
demand
aggregate
demand
short-fall
disposable
income
discretionary
spending
squeezed
middle
class
western
world
working
class
working
poor
Precariat
automation
Robotics
augmented
intelligence
self-driving
cars
autonomous
car
autonomous
cars
purchasing
power
wage
growth
inequality
income
distribution
Gini
coefficient
1%
10%
20%
winner
take
all
globalisation
globalization
neoliberal
neoliberalism
social
safety
net
Universal
Basic
shareholder
capitalism
crony
capitalism
capitalism
in
crisis
post-capitalism
triple-lock
pension
secular
stagnation
USA
UK
European
Union
Chicago
School
neoclassical
economics
Brexit
No
Representation
Career
Politicians
politician
Smart
Grid
Zero
Marginal
Cost
Jeremy
Rifkin
book
Mobile
Creative
Mobile
Creatives
Industrial
Revolution
technological
progress
technological
history
Soziale
Marktwirtschaft
Grundeinkommen
Paul
Mason
recovery
destruction
multinational
conglomerate
low
pay
minimum
wage
mindestlohn
Jerry
Kaplan
income
redistribution
income
growth
income
inequality
Support
income
tax
credit
welfare
reform
welfare
state
Elizabeth
Warren
july 2016 by asterisk2a
Behind the Bond-Stock Divide Is a Big and Risky Bet on Central Banks - WSJ
july 2016 by asterisk2a
The idea is that if stocks are rising, bond yields should be climbing too. Here's how to reconcile it. The answer is central banks. If rates are going to stay lower for longer; if more rounds of quantitative easing are coming; if new ways of easing are coming -- the rates should be going down and stocks moving higher. [...] It's about dividends paying more than bonds. 90% of the bond market universe is near 2% or lower. //&! http://www.zerohedge.com/news/2016-07-12/germany-about-sell-zero-coupon-10-year-bonds-first-time-ever //&! http://www.zerohedge.com/news/2016-07-13/we-just-found-out-who-has-been-buying-all-these-record-low-yielding-bonds - When your nation's bonds are trading with a record low 28bps negative yield (10Y JGBs), everything else in the world (aside from Swiss 10Y) is a relative 'value'...
bond
bubble
ZIRP
NIRP
QE
equity
bubble
hunt
for
yield
central
banks
BIS
Fed
BOE
ECB
BOJ
PBOC
secular
stagnation
wage
growth
output
gap
productivity
gap
squeezed
middle
class
working
poor
Precariat
inequality
Gini
coefficient
western
world
rising
middleclass
Asia
BRIC
income
distribution
tax
evasion
tax
avoidance
crony
capitalism
capitalism
in
crisis
capitalism
neoliberal
neoliberalism
globalisation
global
economy
globalization
free
trade
dividends
underinvestment
business
confidence
consumer
confidence
discretionary
spending
disposable
income
student
debt
consumer
debt
car
loan
property
bubble
speculative
bubble
speculative
bubbles
distortion
asset
allocation
austerity
AI
Robotics
automation
augmented
intelligence
Structural
Impediments
imbalance
unemployment
long-term
unemployment
skills
gap
skill-biased
technological
change
skills
shortage
economic
history
Brexit
technological
history
underemployed
underemployment
part-time
deflation
deflationary
JGB
july 2016 by asterisk2a
Does The Myth of Meritocracy show us how to alleviate inequality?
july 2016 by asterisk2a
No debate about social mobility is complete without reference to the supposedly halcyon days of the 1950s and 1960s. The class fluidity of those decades, however, was not the result of professions becoming more meritocratic. It was caused by an unprecedented rise in the number of middle-class jobs: there was more room at the top. [...] Bloodworth writes that 21st-century society is characterised by a dwindling of professional jobs and more people slipping downwards: there is “more room at the bottom”. [...] Globalisation has created what the economist Robert H Frank calls “winner-takes-all” markets
downward
mobility
social
mobility
income
mobility
inequality
Paul
Mason
book
post-capitalism
James
Bloodworth
Gini
coefficient
income
distribution
structural
unemployment
long-term
unemployment
skill
gap
skills
gap
skill
mismatch
skill-biased
technological
change
AI
artificial
intelligence
globalisation
globalization
rising
middleclass
squeezed
middle
class
BRIC
Manufacturing
economic
history
sociology
Brexit
Identitypolitics
Identitätspolitik
career
ladder
education
bubble
education
cost
autonomous
car
autonomous
cars
self-driving
cars
augmented
intelligence
Robotics
Robots
automation
neoclassical
economics
Chicago
School
trickle-down
economics
trickle-down
effect
1%
10%
20%
working
poor
Precariat
credit
card
credit
card
debt
consumerism
consumerist
austerity
bank
bailout
capitalism
in
crisis
neoliberal
neoliberalism
crony
capitalism
tax
evasion
tax
avoidance
Baby
Boomers
babyboomers
Elizabeth
Warren
Joseph
Stiglitz
poverty
trap
poverty
child
poverty
rentier
rent-seeking
winner
take
all
monopoly
monopsony
conglomerate
multinational
Toff
Privileged
Establishment
No
Representation
Politicians
career
politician
Centrist
meritocracy
meritocratic
plutocracy
oligarchy
capitalism
july 2016 by asterisk2a
Failure to confront Britain’s political ultras has cost us dear | Nick Cohen | Opinion | The Guardian
Brexit Career Politicians politician Centrist far-right right-wing UKIP Front National AfD economic history austerity crony capitalism capitalism neoliberal neoliberalism capitalism in crisis technological progress Donald Trump unemployment Identitätspolitik Identitypolitics Polarisation polarization polemics demagogue demagogy populism European Union Germany Soziale Marktwirtschaft Sozialer Abstieg squeezed middle class working poor Precariat poverty poverty trap child poverty fuel poverty inequality income distribution 1% 10% 20% Gini coefficient tax evasion tax avoidance
july 2016 by asterisk2a
Brexit Career Politicians politician Centrist far-right right-wing UKIP Front National AfD economic history austerity crony capitalism capitalism neoliberal neoliberalism capitalism in crisis technological progress Donald Trump unemployment Identitätspolitik Identitypolitics Polarisation polarization polemics demagogue demagogy populism European Union Germany Soziale Marktwirtschaft Sozialer Abstieg squeezed middle class working poor Precariat poverty poverty trap child poverty fuel poverty inequality income distribution 1% 10% 20% Gini coefficient tax evasion tax avoidance
july 2016 by asterisk2a
Testing times ahead for Universal Credit
april 2016 by asterisk2a
[ in real terms cuts through the back door. spin doctor and positioning ] Universal Credit was meant to bring "radical changes" to people's real incomes and incentivise them to move off benefits and into work, according to David Finch, a former economic analyst at the DWP.
"But... the strength of the improved incentives it was meant to bring have been gradually eroded," he says, speaking in his current role as a researcher at the Resolution Foundation.
There have been significant tensions between the Treasury and the DWP over its cost.
Last year the government announced funding cuts to the universal credit "work allowance" - reducing the amount people can earn before benefit payments are withdrawn.
Universal
Credit
DWP
Stephen
Crabb
austerity
spin
doctor
Positioning
PR
Iain
Duncan
Smith
poverty
trap
skill
gap
skill
mismatch
skill-biased
technological
change
"But... the strength of the improved incentives it was meant to bring have been gradually eroded," he says, speaking in his current role as a researcher at the Resolution Foundation.
There have been significant tensions between the Treasury and the DWP over its cost.
Last year the government announced funding cuts to the universal credit "work allowance" - reducing the amount people can earn before benefit payments are withdrawn.
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
april 2016 by asterisk2a
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.
Mobile
Creative
Mobile
Creatives
augmented
intelligence
artificial
intelligence
AI
Robotics
automation
destruction
creativity
book
social
safety
net
welfare
state
tax
credit
working
poor
Precariat
low
pay
low
income
Universal
Basic
income
tax
receipts
job
creation
Service
Sector
Jobs
precarious
work
precarious
employment
Contractor
part-time
Zero
Hour
Contract
self-employment
tax
evasion
profit
maximisation
profit
maximization
shareholder
capitalism
shareholder
value
Wall
Street
M&A
Autonomous
Cars
Google
Car
Uber
public
transport
public
transportation
corporate
tax
rate
tax
amnesty
tax
avoidance
Panama
Papers
offshore
banking
Super
Rich
1%
plutocracy
oligarchy
Soziale
Marktwirtschaft
skills
gap
skills
economy
skill
mismatch
skill-biased
technological
change
skill
gap
skills
mismatch
skills
shortage
skills
missmatch
skill
investment
education
policy
winner
take
all
business
model
R&D
R&D
underinvestment
austerity
Generationengerechtigkeit
fairness
democracy
secular
stagnation
western
world
job
market
labour
market
poverty
trap
economic
history
UK
USA
Europe
Germany
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.
april 2016 by asterisk2a
Robots are coming for your job. That might not be bad news
october 2015 by asterisk2a
The problem with automation isn’t technology. The problem is capitalism. // [ Deflationary pressure, 3bn people in developing world and frontier markets unemployed, waiting to join workforce. ] [ who buys the gadgets and widgets when half the world is unemployed ] // This time, as Martin Ford argues in Rise of The Robots, education and upscaling won’t help us. There will simply be fewer jobs to go around, as everything from accountancy to journalism will be done faster, cheaper and more efficiently by machines. The result, as Jerry Kaplan agrees in Humans Need Not Apply, is that billions will be left destitute – unless we radically rethink our way of keeping people fed.
Software
Is
Eating
The
World
Robotics
automation
Marketplace
efficiencies
commodity
business
commoditization
mobile
homescreen
capitalism
Gini
coefficient
income
distribution
Super
Rich
Commanding
Heights
1%
Wall
Street
shareholder
value
profit
maximisation
tax
evasion
tax
avoidance
Creatives
Creative
freelancing
freelance
Universal
Basic
corporate
welfare
welfare
state
social
safety
net
tax
free
income
Zero
Hour
Contract
Contractor
job
creation
6-hour
work
day
4-day
work
week
Robert
Skidelsky
leisure
time
burnout
chronic
stress
deflationary
technological
history
technological
progress
secular
stagnation
Niall
Ferguson
crony
capitalism
exploitation
lobbyist
lobby
Lobbying
inequality
income
inequality
capital
gains
tax
capital
gains
democracy
precarious
work
Precariat
working
poor
low
income
low
pay
globalisation
globalization
flat
borderless
free
trade
trade
agreement
TTIP
TPP
TISA
squeezed
middle
class
Sozialer
Abstieg
Soziale
Marktwirtschaft
Sozialpolitik
worklife
Future
of
Workers
Union
underemployed
Thomas
Piketty
Robert
Reich
Joseph
Stiglitz
part-time
job
security
job
market
labour
economics
labour
market
Minijob
book
Policy
Makers
revolving
door
social
social
social
tax
economics
of
october 2015 by asterisk2a
Why the Work Programme didn’t get Sarah a job | Martin Bright | Society | The Guardian
september 2015 by asterisk2a
The government’s flagship welfare-to-work programme institutionalises bullying, interrupted only by undirected job searches // Work programme creates just 48,000 long-term jobs in three years. Flagship jobs scheme the government insisted would help millions back into work is called into question by figures - bit.ly/1ipiBhW
DWP
Iain
Duncan
Smith
unemployment
long-term
unemployment
youth
unemployment
social
mobility
income
mobility
downward
mobility
Gini
coefficient
skills
gap
capital
skills
human
capital
skill-biased
technological
change
skills
practical
skills
practical
skill
set
vocational
education
professional
education
austerity
underinvestment
STEM
Tories
Conservative
Party
dogma
PR
spin
doctor
reframing
framing
Positioning
ideology
Toff
Establishment
Entitlement
Privileged
september 2015 by asterisk2a
Higher education cuts 'risk NI being left behind' - BBC News
september 2015 by asterisk2a
Northern Ireland is in danger of being left behind if there are further cuts to the higher education budget, a leading technology expert has warned. Tom Gray of Belfast software firm Kainos said more investment was needed to produce skilled workers.
UK
austerity
skill-biased
technological
change
education
policy
George
Osborne
David
Cameron
Gini
coefficient
poverty
trap
inequality
income
mobility
social
mobility
Tories
Conservative
Party
Toff
Privileged
Entitlement
Establishment
budget2015
competitive
competition
competitiveness
globalization
globalisation
flat
world
borderless
Software
Is
Eating
The
september 2015 by asterisk2a
Die Zukunft der Arbeit | 45 Min | NDR - YouTube
Future of Work Software Is Eating The World marginal cost economics of abundance skill-biased technological change capital skills human capital skills gap practical skills Robotics automation 3D printing biotechnology biotechnologie Manufacturing manual labour
september 2015 by asterisk2a
Future of Work Software Is Eating The World marginal cost economics of abundance skill-biased technological change capital skills human capital skills gap practical skills Robotics automation 3D printing biotechnology biotechnologie Manufacturing manual labour
september 2015 by asterisk2a
'The trade union bill is sinister' | Owen Jones meets Frances O'Grady - YouTube
september 2015 by asterisk2a
>> Changes for Tories constituency.
Trade
Union
Workers
Union
Wall
Street
shareholder
value
profit
maximisation
John
Lewis
co-op
cooperation
gender
pay
gap
CEO
pay
No
Representation
Soziale
Marktwirtschaft
globalization
globalisation
Germany
UK
USA
White-collar
Worker
Blue-collar
Worker
Niedriglohnsektor
Service
Sector
Jobs
minimum
wage
democracy
fairness
Gesellschaft
Gerechtigkeit
exploitation
neoliberalism
neoliberal
lobbyist
lobby
Lobbying
Tories
Conservative
Party
David
Cameron
George
Osborne
dogma
austerity
wage
growth
income
growth
ideology
low
income
income
distribution
productivity
income
gap
income
redistribution
income
inequality
Gini
coefficient
inequality
social
mobility
income
mobility
downward
mobility
education
policy
apprenticeships
Super
Rich
1%
tax
evasion
tax
avoidance
tax
code
corporate
tax
rate
underinvestment
business
investment
skills
gap
capital
skills
human
capital
skill-biased
technological
change
practical
skills
practical
skill
set
short-term
thinking
short-term
view
opportunity
opportunist
trickle-down
economics
Establishment
Toff
Privileged
social
safety
net
welfare
state
september 2015 by asterisk2a
How Microsoft Lost Its Mojo: Steve Ballmer and Corporate America’s Most Spectacular Decline | Vanity Fair
september 2015 by asterisk2a
Lost decade under Ballmer, the sales guy. Sales guy is not the right guy 2 make a dent into the universe. //&! JULY 2012 Microsoft’s Downfall: Inside the Executive E-mails and Cannibalistic Culture That Felled a Tech Giant - vnty.fr/1OU6xUN //&! NOVEMBER 2014 The Empire Reboots - vnty.fr/1FZ4mJd //&! bit.ly/1isyHfL //&! Bill & Ballmer not on speaking terms - on.mash.to/1isyFED cnet.co/1KcO02M //&! Steve Ballmer talks LA Clippers, Satya Nadella & Microsoft. Just dont ask him abt Gates - ind.pn/10mLbMH //&! read.bi/1Lw4zXs // &! Start-up advice/lesson is that you have to have a true north to be long-term relevant, big enough to be seemingly inexhaustible! Yahoo! NO. AOL. NO. Twitter. Still Debating it internally, reflective of nobody being the true leader with true leadership capabilities, everyone cooking & suggesting spices. Facebook. YES. LinkedIn. YES (economic graph). Amazon. YES. Zappos. YES. RocketInternet. NO. Google. YES. Foursquare. YES. Tumblr. NO. Reddit. YES. HBO. YES.
Steve
Ballmer
Bill
Gates
Apple
Google
Google
Inc.
Alphabet
Inc.
Platform
EULA
Windows
8
Windows
10
Satya
Nadella
Leadership
CEO
mission
vision
Principle
Mittelstand
SME
SMB
consumer
product
Facebook
Twitter
Bing
Yahoo!
WhatsApp
WeChat
Line
Kakao
Talk
Silo
SAAS
Microsoft
Azure
AWS
Amazon
Silicon
Valley
Android
iOS
Hardware
Software
Nokia
Patent
patents
IP
intellectual
property
technological
progress
technological
history
disruption
disrupting
markets
bottom
up
dream
Start-Up
lesson
Start-Up
advice
Venture
Capital
Google+
Tumblr
Reddit
AOL
linkedin
foursquare
Dennis
Crowley
HBO
september 2015 by asterisk2a
Zero hour contracts | Economics Help
september 2015 by asterisk2a
41% of people on a zero hour contract job – wish to gain a replacement job, additional job or more hours in current job. This compares to just 12% of people not on a zero hour contract. Supporters argue zero hour contracts have helped to increase labour market flexibility, reduce unemployment and reduce costs for firms. For some workers, the job flexibility is advantageous. However, the rise of zero hour contracts have increased the phenomena of under-employment – where people have a job, but less hours and income than they would like. Critics argue that zero hour contracts lead to lower income, greater job and financial insecurity and reduced quality of life. // via https://redd.it/3kw63i // from comments - These contracts could only have come into being because employers today have the upper hand. The situation is victorian and strips the worker of all dignity. // // Here is not investment happening in the workforce to close skills gap. It's take take take.
Zero
Hour
Contract
Contractor
working
poor
job
security
precarious
work
Precariat
Service
Sector
Jobs
job
creation
recovery
UK
2015
neoliberalism
neoliberal
Workers
Union
Niedriglohnsektor
Niedriglohn
minimum
wage
profit
maximisation
shareholder
value
Wall
Street
manual
labour
labour
market
labour
economics
job
market
tax
credit
child
tax
credit
working
tax
credit
underemployed
Sozialer
Abstieg
squeezed
middle
class
youth
unemployment
exploitation
microeconomic
policy
microeconomics
Career
Politicians
lobbyist
lobby
Lobbying
No
Representation
society
Gini
coefficient
poverty
trap
child
poverty
food
poverty
chronic
stress
social
mobility
income
mobility
downward
mobility
professional
education
vocational
education
capital
skills
skill-biased
technological
change
skills
gap
human
capital
september 2015 by asterisk2a
Apple's “Special Event” was underwhelming, but that's a good thing
september 2015 by asterisk2a
I felt less bad for my younger, archiving self than I did for Apple. The parts of our lives we wanted instinctively to endure became ink leaked onto pulp, not files housed in silicon. Paper volumes we still house on oft-dusted bookshelves. It was the technology that Apple designed to usher us into the great, digital future that got thrown out – or, if the technology was lucky, encased inside a dust cover and forgotten about for decades. Apple, in time, learned not only to live with the disposability of digital architecture, but to profit from it... // [ the pendulum will swing back again, on a personal level, but for distribution, digital is so much better! And remember the possibility of data apocalypse ]
Retro
Vinyl
Polaroid
Photo
Album
physical
world
digital
economy
digital
content
digital
natives
Age
Diaries
life
hacker
life
lesson
content
distribution
Social
Network
technological
history
technological
progress
counter
culture
Silicon
Valley
Selbstdarstellung
Selbstfürsorge
Psychology
ephemeral
Data
Apocalypse
september 2015 by asterisk2a
Apple Gets Hardcore About Its Hobbies | TechCrunch
september 2015 by asterisk2a
[from version 1 to 2, 3, 4 ] The iPad wasn’t versatile enough for business. The iPhone camera wasn’t sharp enough for photographers. And none of Apple’s products were fast enough for die hard gamers. Until today. [ more and more extension of you, part of you, you, ... unthinkable to live without it ... remote control for your life, that thing where your life happens now, partially on the screen/inside. away from the gadget factors which still had friction. now less and less friction. ]
Apple
iPad
iPhone
iOS
technological
progress
Apple
Watch
technological
history
Technology
mobile
homescreen
Escapeism
productivity
Entertainment
utility
society
Steve
Jobs
Gesellschaft
Wearable
computing
friction
frictionless
quantified
self
digital
economy
digital
self
september 2015 by asterisk2a
How Legal Immigration Failed Silicon Valley | TechCrunch
september 2015 by asterisk2a
Our immigration system hinders entrepreneurship, innovation and productivity. Success in the tech industry, where whole new job categories are created overnight, requires deep familiarity with trends, products and technologies. Learning opportunities abound — if you’re willing to transition to new roles, educate yourself, work on different products or switch companies altogether. Building your own startup, or even joining one, can be the best career move; it offers remarkable potential for growth by wearing multiple hats in an expanding organization. The labor market benefits from this flexibility not just with an improved and adaptable workforce, but also one that creates jobs. The immigration process impedes all these possibilities. [...] [ reset process when switching companies ] [...] And that’s not even the worst part. If you get laid off, you must leave the country. Immediately. [...] Try telling your VC you spent $25,000 of their $1 million funding on immigration fees
USA
immigration
Europe
Germany
UK
skill-biased
technological
change
skills
gap
capital
skills
workforce
migration
ecosystem
Silicon
Valley
Berlin
Start-Up
Scene
London
Scene
Green
Card
job
security
insecurity
American
Dream
entrepreneur
practical
skills
practical
skill
set
skill
job
creation
borderless
globalization
globalisation
flat
world
global
economy
digital
economy
marginal
cost
economics
of
abundance
Future
of
Work
Remote
Work
liberal
economic
reform
policy
error
short-term
view
Career
Politicians
No
Representation
neoconservatism
neoconservatives
Rechtsruck
ageing
population
demographic
bubble
STEM
R&D
Research
Industrial
Revolution
2.0
policy
labour
market
labour
economics
added
value
value
creation
multiplier
education
policy
vocational
education
professional
education
long-term
view
HR
human
resources
hiring
recruiting
recruitment
war
for
talent
H1B
startupvisa
visa
H-1B
september 2015 by asterisk2a
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