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Solving the productivity puzzle - BBC News
UK productivity growth (as measured by output per hour worked) has been exceptionally weak since 2008. Productivity growth has actually been weak across the developed economies since the Great Recession but especially so in the UK. Beyond those facts though, there is little agreement. The talk is instead of a "productivity puzzle": solving that puzzle is the key to both a lower government deficit and to higher living standards. [...] [I]t could be that the nature of Britain's recovery explains the low productivity growth. Rather than lower productivity leading to lower real wages (as companies cannot afford to increase pay), it may be that lower real wages have encouraged firms to hire workers rather than investing in new equipment. This could have lowered productivity. [...] Much of it feels more traditionally "sociological" than "economic". // 2nd Industrial Revolution - Software is Eating the World, Self-Employment, contractors, Zero Hour Contracts, etc. &! bit.ly/1aRi7Bw
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april 2015 by asterisk2a
ZDF aspekte: Jakob Augstein:"Wir sind nicht die Guten" - YouTube
"so einfach kann die Wahrheit nicht sein. [...] lass uns mal hinter die Wahrheit gucken." journalism co-oped into western (NATO and Co.) aim by just re-print their material releases without independent fact checking. Very easy to slip into when your editor/paper is under pressure from the 24/7 news cycle, dying print, short attention span of online reader, ... // vertrauensverlust durch die bank in den letzten jahren weil gerechtfertigten verlust von vertrauen und nicht gerechtfertigten verlust von vertrauen. double whammy.
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december 2014 by asterisk2a

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