asterisk2a + technological   213

Researchers have answered a big question about the decline of the middle class - The Washington Post
“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 
may 2017 by asterisk2a
Budget 2017: Asset sales to thank for UK's figures? - BBC News
'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
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
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 
march 2017 by asterisk2a
IFS: Growth in UK living standards worst in 60 years | Business | The Guardian
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
[ 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 
february 2017 by asterisk2a
'It feels like a wilfully ignored secret': how commentators painted Stoke-on-Trent all wrong | UK news | The Guardian
(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
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
'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
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 
february 2017 by asterisk2a
UK inflation: now it's the pound in your pocket being devalued | Business | The Guardian
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 
january 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
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
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
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 
january 2017 by asterisk2a
When robots take jobs, workers deserve compensation
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 
january 2017 by asterisk2a
Universal basic income is not a magic solution, but it could help millions | Anthony Painter | Opinion | The Guardian
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
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
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
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
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
[ 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
Gig economy threatens government finances, says May adviser | Business | The Guardian
“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 
november 2016 by asterisk2a
'Limited evidence' for benefit sanctions, NAO says - BBC News
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 
november 2016 by asterisk2a
BREAKING First Interview: Bernie Sanders On Donald Trump Winning the Election - Nov 10th 2016 - YouTube
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
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
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
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
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
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 
november 2016 by asterisk2a
Keiser Report: Mom joins in (E981) - YouTube
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
Ferguson: Democracy Around the World Is in Crisis - Bloomberg
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
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
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
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
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
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
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
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
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
ARM chip designer to be bought by Japan's Softbank
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
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
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
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
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
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
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?
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
Testing times ahead for Universal Credit
[ 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 
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
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 
april 2016 by asterisk2a
Robots are coming for your job. That might not be bad news
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
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
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
'The trade union bill is sinister' | Owen Jones meets Frances O'Grady - YouTube
>> 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
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
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
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
[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
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
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september 2015 by asterisk2a
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