asterisk2a + commoditization + skills   5

Sports Direct is a reflection of the modern British economy | Letters | Business | The Guardian
Sports Direct seems to be a metaphor for the modern British economy. “The conscious strategy would seem to be to rely on cheap labour rather than costly investment,” as your editorial (11 December) says. It also illustrates the epidemic growth of workforce insecurity which plagues a nation scarred by the rise of the precariat. Britain is rapidly becoming the sweatshop of Europe, and this, along with bubbles in consumer debt and house prices, has been a major part in such anaemic recovery as we have seen over the past five years. [...] [ HMRC cut under austerity, can't do it's job ] //&! theguardian.com/business/sports-direct-international //&! bit.ly/1jTkmsi - transferring assets. then bringing in administrators. leaving suppliers empty.
corporate  scandal  Precariat  working  poor  precarious  work  job  security  low  pay  low  income  investigative  journalism  Whistleblower  Amazon  Retail  Online  Shopping  commodity  business  commoditization  crony  capitalism  capitalism  Wall  Street  shareholder  value  profit  maximisation  George  Osborne  industrial  policy  STEM  David  Cameron  Tories  nasty  party  underinvestment  Conservative  competitive  competitiveness  self-regulation  regulation  regulators  Zero  Hour  Contract  Contractor  exploitation  lobbyist  lobby  Lobbying  trickle-down  economics  neoliberalism  neoliberal  microeconomic  policy  macroeconomic  policy  macroprudential  policy  business  investment  productivity  output  gap  austerity  tax  evasion  tax  avoidance  corporate  welfare  white-collar  crime  subsidies  subsidizing  HMRC  Trade  Union  Workers  Union  skills  gap  accounting  scandal 
december 2015 by asterisk2a
Will Advances in Technology Create a Jobless Future? | MIT Technology Review
Who Will Own the Robots? - We’re in the midst of a jobs crisis, and rapid advances in AI and other technologies may be one culprit. How can we get better at sharing the wealth that technology creates? // BY MARTIN FORD - The Great Divide: Unequal Societies and What We Can Do About Them BY JOSEPH E. STIGLITZ &! Inequality: What Can Be Done? BY ANTHONY B. ATKINSON &! The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies BY ERIK BRYNJOLFSSON AND ANDREW MCAFEE // &! Paul Krugman - “A lot of what’s happening [in income inequality] is not just the gods of technology telling us what must happen but is in fact [due to] social constructs that could be different.” - gov policy, corporate policy (ie 4-day work week and 6-hour days because productivity and profit margin do allow for that, and more brings diminished returns etc etc but will that go down well with Wall Street?)
Universal  Basic  Income  tax  evasion  tax  avoidance  crony  capitalism  shared  economic  interest  AI  Software  Is  Eating  The  World  marketplace  efficiencies  mobile  homescreen  mobile  phone  commodity  business  commoditization  Service  Sector  Jobs  Niedriglohnsektor  Future  of  Work  Creatives  Creative  skill-biased  technological  change  skills  gap  skill  mismatch  education  policy  Makers  4-day  week  6-hour  day  productivity  output  gap  secular  stagnation  squeezed  middle  class  working  poor  precarious  1099  Economy  Gig  Economy  self-employment  Zero  Hour  Contract  Contractor  on-demand  convenience  outsourcing  job  creation  job  market  labour  economics  labour  market  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  capitalism  inequality  capital  gains  1%  Super  Rich  meritocracy  meritocratic  tax  code  tax  tax  free  welfare  state  tax  credit  Public  Services  Social  Services  austerity  dogma  manufactured  consent  propaganda  populism  lobbyist  lobby  Lobbying  PR  spin  doctor  Robotics  3D  printing  Manufacturing  STEM  industrial  policy  automation  self-driving  cars  autonomous  car  marginal  cost  economics  of  abundance  safety  net  Gini  inequality  technological  technological  labour  capital 
august 2015 by asterisk2a
Budget 2015: The return of Tina - BBC News
Tina, it would appear, is back. Forgotten Tina? The acronym for There Is No Alternative? Regularly cited by Margaret Thatcher? Thatcher? Oh, come on, it hasn't been that long since the Tories were in sole command of the UK. [ // history rhymes; Angela Merkel and her "Alternativlos." = There is No Alternative. ] George Osborne set out quite deliberately in a range of ways to suggest that there is no effective or realistic alternative to his approach. [...] It is aimed over their heads at the voters. Mr Osborne is seeking to suggest that there is a remorseless logic to his package, that only the ingrate or innumerate would oppose it.
Alternativlos  Angela  Merkel  dogma  ideology  history  Margaret  Thatcher  Career  Politicians  austerity  No  Representation  economic  history  bailout  liberal  economic  reform  neoliberal  neoliberalism  Fiscal  Pact  Schuldenbremse  Wolfgang  Schäuble  tax  evasion  tax  avoidance  GFC  Wall  Street  lobbyist  lobby  Lobbying  toobigtofail  TBTF  too  big  to  jail  crony  capitalism  welfare  state  Public  Services  Social  Services  added  value  job  creation  industrial  policy  education  policy  Gini  coefficient  mobility  income  mobility  downward  mobility  vocational  education  skills  gap  Future  of  Work  Software  Is  Eating  The  World  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  Aufstocker  globalisation  globalization  differentiate  differentiation  commodity  business  commoditization  borderless  flat  competitiveness  competitive  media  conglomerate  conglomerate  Lügenpresse  manufactured  consent  propaganda  populism  PR  relations  Conservative  Party  Tories  Toff  Establishment  Privileged  spin  doctor  Leadership  IMF  World  Bank  IBS  zombie  banks  George  Osborne  David  Cameron  GroKo  Germany  UK  policy 
july 2015 by asterisk2a
DLD NYC 14 - Winners/Losers in a Digital Age (Scott Galloway) - YouTube
Apple knows that competition is catching up faster and faster in terms of design and functionality etc etc. They hired 2 fashion people already (burberry and from LVHM). And to differentiate the brand further (price/status symbol - above middle class) and to keep selling it's Apple Products ... including wearables (Watch & Headphone) they hired those key people or b(r)ought them into the mothership. They could have long ago bought personal cloud storage companies and other stuff to add to its portfolio bla bla bla.... but that 'Software', you can't display - show off - walking around downtown manhatten. Wearables, phones, tablets - you can. ... Apple focuses on their core competencies - software like iTunes is only 2nd class, that is why it still doesn't stream. >> “They want Jimmy and they want Dre,” said the source. “He’s got fashion and culture completely locked up.” ( http://techcrunch.com/2014/05/22/apples-beats-deal-is-happening-and-its-a-dre-acquihire/ ) + !!! v=NP0P2BT0vTc !!!
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may 2014 by asterisk2a
oftwominds-Charles Hugh Smith: The Changing Nature of Middle Class Work
The economy is changing in structural ways that affect not just the job market but the nature of work itself. If we ask, what is work?, the conventional answer is tasks that somebody will pay us to do. This is true, but it doesn't address why someone is willing to pay us. The answer is to create value. ... [ Skills, not Expertise. ] ...... As technology's ability to replace costly human labor moves from the factory floor to the service sector, the nature of middle class work is changing. [ IBM's company wide Pivot over +10 years from HW to Services and Software Company. With the accompanying downsizing. ] ... Jobs that can be learned in a few hours are prone to being replaced by machines. [...] The protected sectors beset by soaring costs (healthcare, higher education, major weaponry programs, finance, etc.) will undergo the creative destruction of technology-based productivity gains for the reason that they are already unaffordable, not just to households but to the nation.
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may 2014 by asterisk2a

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