asterisk2a + competition + middle   49

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
Oh for the 1960s! People earned less but could afford more | Money | The Guardian
[ fetish of GDP ] Economic growth since the 1960s has been real, but the link between growth and personal prosperity has broken down, probably since the 1990s. We can carry on pushing for increases in GDP, but it’s meaningless unless it translates into a recovery in living standards. If any government really wants to help the left-behinds, then cutting house prices and rents must be their first priority.
GDP  wage  growth  income  distribution  economic  history  profit  maximisation  capitalism  crony  oligopoly  monopoly  Platform  Self-Employment  Productivity  squeezed  middle  class  working  poor  globalisation  Competition  liberal  reform  competitiveness  disposable  discretionary  spending  investment  creditcard  credit  GFC  recovery  Austerity  secular  stagnation  taxation  1%  Super  Rich  Plutocracy  10%  20%  bank  bailout  Privatisation  outsourcing  offshore  banking  tax  evasion  avoidance  child 
december 2016 by asterisk2a
Robert Reich - Timeline Photos
What about all the ballyhoo about manufacturing jobs coming back to America? Well, some have. But they pay lousy wages. The average wages of production and non-supervisory employees in manufacturing are lower today than they were in 1985, when adjusted for inflation. [...] Bottom line: Most Americans have got zilch out of this recovery. In fact, they’re worse off now than they were in 2000. Meanwhile, the top 0.1 percent is doing fabulously well. More and more people are concluding the game is rigged -- which it is. No one should be surprised at the surge in populist anger on the left and the right.
USA  job  creation  recovery  industrial  policy  wage  growth  wage  stagnation  UK  western  society  western  world  secular  stagnation  squeezed  middle  class  Sozialer  Abstieg  income  growth  economic  growth  disposable  income  income  distribution  income  mobility  income  inequality  income  redistribution  social  mobility  Gini  coefficient  Super  Rich  1%  discretionary  spending  zombie  consumer  credit  card  debt  credit  card  car  loan  2015  GFC  reflate  reflation  globalization  globalisation  flat  world  borderless  competitive  competitiveness  competition  low  pay  low  income  labour  market  labour  economics  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  precarious  work  Precariat  working  poor  Joseph  Stiglitz  Robert  Reich  poverty  child  poverty  food  poverty  poverty  trap  generationy  babyboomers  participation  rate  manual  labour  Millennials  retirement  mainstreet  Wall  Street  profit  maximisation  shareholder  value  tax  evasion  tax  avoidance  capital  gains  tax  corporate  tax  rate  dogma  ideology  neoliberalism  neoliberal  republicans  democrats  public  awareness  public  perception  American  Dream  post-racial  America  economic  justice  fairness  bank  bailout  TBTF  too  big  to  jail  too  big  to  bail  Generationengerechtigkeit  budget  deficit  austerity  populism  corporate  corporate  r 
october 2015 by asterisk2a
The Billionaire Hypocrisy of Helping the Poor - YouTube
We're reminded every day of the kindness of the billionaire class - and the millions they spend on charity in American and around the world. But the fact is - Americans wouldn't need the charity - if they just had good-paying jobs.
trickle-down  economics  neoliberalism  neoliberal  job  creation  labour  market  USA  Gini  coefficient  tax  code  corporate  tax  rate  tax  evasion  tax  avoidance  Wall  Street  globalization  globalisation  free  trade  Service  Sector  Jobs  conglomerate  competitiveness  competition  competitive  wage  stagnation  income  growth  Middle  Class  squeezed  Sozialer  Abstieg  income  distribution  disposable  income  discretionary  spending  inequality  American  Dream  NAFTA  TTIP  TPP  philanthropy  TISA  Super  Rich  1%  Niedriglohnsektor  job  security  social  mobility  income  mobility  economic  history  Union  Workers  Union  self-regulation  regulation  deregulation  regulators  lobbyist  profit  maximisation  shareholder  value  lobby  Lobbying  income  inequality  welfare  state  social  safety  net  precarious  work  Precariat  working  poor  outsourcing  Manufacturing  China  Gesellschaft  society  Policy  Makers  Zero  Hour  Contract  part-time  underemployed  unemployment  long-term  unemployment  youth  unemployment  structural  unemployment  secular  stagnation  Niall  Ferguson 
october 2015 by asterisk2a
Huge pension shortfall facing UK's young adults | Money | The Guardian
[ has to put away 10% of disposable income/earnings ?pre-tax?, put it in equities, and open the envelope only after 60-70 years. ] The average 35-year-old has to save £660,000 into a pension plan if they have any hope of matching the standard of living enjoyed by today’s pensioners – but have so far managed to put aside just £14,000.
retirement  savings  savings  rate  savings  glut  disposable  income  discretionary  spending  pension  pension  scheme  squeezed  middle  class  wage  stagnation  wage  growth  income  growth  income  gap  income  distribution  income  inequality  low  income  Sozialer  Abstieg  working  poor  Precariat  precarious  work  financial  literacy  zombie  consumer  consumerism  consumerist  materialism  status  anxiety  babyboomers  generationy  Millennials  status  symbol  consumption  consumer  debt  household  debt  private  debt  student  loan  debt  Bubble  stagnation  secular  stagnation  competitive  competition  competitiveness  globalization  globalisation  flat  world  borderless 
september 2015 by asterisk2a
Fed chief Yellen says US rate rise still likely this year - BBC News
The US remains "on track" for an interest rate rise this year, Federal Reserve chief Janet Yellen has said. The central bank head said as long as inflation was stable and the US economy was strong enough to boost jobs, the conditions would be right for a rise. Despite expectations of a rise this month, the Fed held rates, in part due to fears about global economic growth. Ms Yellen, speaking at the University of Massachusetts, said US economic prospects "generally appear solid". Speaking a week after the Fed delayed that long-anticipated hike, she said she and other policymakers did not expect recent global economic and financial market developments to significantly affect the central bank's policy. Much recent inflationary weakness is due to special and likely temporary factors, such as a strong dollar and low oil prices, she said. //&! http://www.bloombergview.com/articles/2015-09-25/janet-yellen-s-flip-flop-confuses-markets
Janet  Yellen  Fed  Fed  mandate  inflation  expectation  inflation  targeting  secular  stagnation  western  world  centralbanks  QE  ZIRP  NIRP  Taper  QT  petrodollar  Petroleum  Industry  commodity  prices  China  credit  bubble  BRIC  Brazil  Russia  India  BIS  Richard  Koo  global  economy  global  trade  2015  BOE  monetary  policy  unconventional  monetary  policy  debtoverhang  household  debt  consumer  debt  private  debt  credit  card  car  loan  Student  deleveraging  faultlines  Structural  Impediments  imbalance  wage  stagnation  wage  growth  squeezed  middle  class  disposable  income  discretionary  spending  income  growth  low  income  income  distribution  inequality  Gini  coefficient  Service  Sector  Jobs  job  creation  job  market  labour  economics  labour  market  Niedriglohnsektor  competitive  competition  flat  world  borderless  globalization  globalisation  recovery  fiscal  policy  underinvestment  productive  investment  asset  bubble  FOMO  hunt  for  yield  Super  Rich  1%  hot-money  currency-war  currency  war  currency  debasement  Dollar  speculative  bubbles  asset  allocation  equity  bubble  distortion  irrational  exuberance  property  bubble  macroprudential  policy  USA  UK 
september 2015 by asterisk2a
Millennials Can't Afford Cars, and Are Fine With That - Bloomberg View
As somebody who wondered in a column last week whether people in developed countries were perhaps learning that they no longer needed as much stuff as they used to, and whether this might lead to big shifts in the global economy, I read on with great interest. [...] The changes in young adults' consumption habits have clearly been influenced by economic forces. But economic forces shape societal attitudes, too. I also don't see much sign that these economic forces are about to reverse. Both these things can be true: The median 25-to-34-year-old has less to spend, and is less interested in spending it on a car.
wage  growth  income  growth  squeezed  middle  class  economic  growth  disposable  income  discretionary  spending  economic  history  globalization  globalisation  western  world  developed  world  UK  USA  Europe  Millennials  Generationengerechtigkeit  fairness  inequality  Gini  coefficient  social  mobility  income  mobility  marginal  propensity  to  consume  trickle-down  economics  neoliberalism  neoliberal  income  inequality  Super  Rich  1%  tax  code  capital  gains  tax  income  tax  Share  Economy  digital  academia  academics  microeconomic  policy  student  loan  debt  student  loan  student  debt  Bubble  wage  stagnation  secular  stagnation  household  debt  consumer  debt  private  debt  2015  recovery  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  Thomas  Piketty  plutocracy  Wall  Street  profit  maximisation  shareholder  value  emerging  middle  class  affordable  housing  social  housing  cost  of  living  cost  of  ownership  closetphile  status  anxiety  status  symbol  Media  materialism  zombie  consumer  consumerist  consumerism  Workers  Union  precarious  work  working  poor  living  standard  standard  of  living  Zeitarbeit  Leiharbeit  self-employment  Zero  Hour  Contract  Contractor  competitive  competition  differentiate  differentiation  Mobile  Creatives  Future  of  Universal  Basic  Germany  babyboomers  generation  rent  Richard 
september 2015 by asterisk2a
After the Crisis - Mark Blyth - YouTube
>> what if rise of the banks (deregulation, easy credit, global financial markets - arbitrage, and making money with money) fuelled the growth of the last ~25-30 years. // min 47 3 asset bubbles popped // USA - 40% of corporate profits came from 10% of corporate sector (banks) // 30% of MIT grads went to banks instead of real world engineering and manufacturing. // underwater private sector! via credit bubble: student loans (now 1trn and still rising in USA and UK, future disposable income/discretionary spending lower than babyboomers because of wage stagnation, no wage growth) credit cards, mortgages, heloc (home equity line of credit) --- all will have to focus on paying back debt. // 2015 - us student loans 1.25trn - bit.ly/1KJ29uc + auto loans << bubble to eventually pop when collateral is falling! ie stagnant wages for 10 more years. and more and more cant repay their student loans. // 1:12:00 Bubbles move on; dot.com, real estate (property) & commodities, China,
Mark  Blyth  austerity  GFC  recovery  banking  crisis  sovereign  debt  crisis  economic  history  PIIGSFB  bank  bailout  fairness  Generationengerechtigkeit  toobigtofail  too  big  to  jail  too  big  to  bail  TBTF  ECB  NPL  deleveraging  balance  sheet  recession  underwater  credit  bubble  trickle-down  economics  China  2015  2008  dot.com  western  world  secular  stagnation  debt  servitude  student  loan  debt  student  loan  student  debt  generationy  generation  rent  Millennials  disposable  income  discretionary  spending  marginal  propensity  to  consume  Super  Rich  squeezed  middle  class  Sozialer  Abstieg  self-employment  Zero  Hour  Contract  Contractor  underemployed  precarious  work  working  poor  inequality  Gini  coefficient  post-capitalism  crony  capitalism  capitalism  manufactured  consent  Polarisation  Thomas  Piketty  developed  world  income  inequality  propaganda  populism  corporate  state  corporate  media  democracy  Career  Politicians  lobbyist  Lobbying  lobby  deregulation  self-regulation  Workers  Union  wage  stagnation  wage  growth  income  distribution  income  growth  income  mobility  low  income  income  redistribution  stagnation  consumer  debt  debtoverhang  Super  Cycle  debt  bubble  household  debt  private  debt  asset  bubble  reflate  reflation  asset  allocation  distortion  monetary  policy  monetary  stimulus  monetary  monetary 
september 2015 by asterisk2a
Will Oil Cause the Next Recession? - Bloomberg View
[Private Sector could not drive recovery! Stupid. And rising (re-flating) asset prices like stocks did not inspire consumers. The reality on the ground is different than asset prices. Inflation targeting is a policy error in hindsight. Question is if policy makers (fiscal and monetary) as willing to admit this, or drag the world through another lost decade & generation!? ] Most forecasters believe consumers will spend the windfall, and thus boost the economy. But almost all of the savings from lower pump prices so far have been used to rebuild household assets and reduce debt. Consumers tend to increase their savings in tough times; they've been doing so during the six-year recovery, even as real wages and median household incomes remain flat. Lower oil prices, however, could come with a downside. As they work their way through the system, deflation could follow. Already, 10 of the 34 largest economies in the world have seen year-over-year declines in consumer prices. [
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september 2015 by asterisk2a
Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression - YouTube
50 year long debt super cycle & credit bubble up-held. Put. // hasnt created inflation because of Globalisation = deflationary! [3bn ppl living on $2/day] Collapse of marginal cost of labour, offsetting inflation pressure of QE/NIRP/credit creation last decades. // Will eventually haunt people back once globalisation has run its way in ~100-75 years & the world is actually flat. energy cost 0, marginal cost 0, economics of abundance. // // min 23 AND because of this deflationary pressure of globalisation, excess capacity, etc lead to wage stagnation & or pressure to work 4 less (Contractor, Werkvertrag, Zeitarbeit, self-employment, Zero Hour Contract, outsourcing) and longer, in western world. Leads inevitably 2 being pushed into recession & avoiding that authorities always pushed button 4 more credit. Credit growth prevented western world not 2 be pushed into recession in last decades. 2010 Private Sector cant drive recovery! Massive Gov stimulus needed +10 years, not austerity!
debt  bubble  Super  Cycle  Greenspan-Put  Ben  Bernanke  fiat  currency  debt  monetisation  debt  monetization  deflationary  deflation  secular  stagnation  Abenomics  globalization  globalisation  Fed  centralbanks  BIS  economic  history  QE  ZIRP  NIRP  GFC  recovery  western  world  technological  progress  commodity  business  commoditization  economics  of  abundance  marginal  cost  Janet  Yellen  benbernanke  ECB  BOE  BOJ  monetary  policy  Zero  Hour  Contract  neoliberalism  neoliberal  Contractor  Zeitarbeit  Werkvertrag  self-employment  freelancing  freelance  wage  stagnation  wage  growth  disposable  income  discretionary  spending  dot.com  outsourcing  flat  world  credit  bubble  debt  servitude  consumer  debt  student  loan  debt  debtoverhang  sovereign  debt  crisis  student  debt  household  debt  private  debt  fiscal  policy  austerity  Richard  Koo  Mark  Blyth  Joseph  Stiglitz  Robert  Reich  productive  investment  underinvestment  infrastructure  investment  Paul  Krugman  shared  economic  interest  Industrial  Revolution  2.0  Smart  Grid  STEM  education  policy  value  creation  added  value  Manufacturing  3D  printing  energy  price  energy  policy  competitive  competition  competitiveness  competitive  advantage  R&D  Research  Public  Partnership  world  fiscal  d 
september 2015 by asterisk2a
Dan Ariely: Why The Next Market Downturn May Quickly Become A Full-Blown Panic - YouTube
free self-regulated market where winner take all - creates adverse outcomes. //<< Book - The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank - Competition can be devastating if it is about winner take all !!! - youtu.be/hmbfK​DvDrJI - via Dan Ariely // // !!! QE - reflate - hope and pray confidence will come back and economy roars back to health. did not happen. // poverty trap // trend continues w inequality, // post-racial America // inability to get out of bad situation // under banked, payday loan // studies have shown, Americans imagine/think of their countries more equal and just than Sweden // (1) create new financial institution, retail banking serving people (not making 15% profit p/a to give it to share holders even demanding more) like Sparkassen // (2) reform education // (stop damaging) narrative of invisible hand - getting the best out of people // national identity // sense of agency !!!
inequality  QE  competitive  competition  winner  take  all  monopoly  monopsony  book  shared  economic  interest  common  good  Dan  Ariely  China  credit  bubble  ZIRP  NIRP  business  confidence  consumer  confidence  equity  bubble  speculative  bubbles  Super  Rich  1%  asset  bubble  faultlines  structural  imbalance  Impediments  Gini  coefficient  social  mobility  income  mobility  poverty  trap  child  poverty  poverty  USA  UK  Europe  austerity  recovery  2015  social  cohesion  social  tension  social  contract  welfare  state  social  safety  net  education  policy  skill-biased  technological  change  skills  gap  western  world  post-racial  America  Jim  Crow  working  poor  squeezed  middle  class  Sozialer  Abstieg  Germany  food  poverty  budget2015  fairness  Generationengerechtigkeit  Privileged  Toff  Establishment  Public  Services  Services  society  racial  segregation  gentrification  Gentrified  class  segregation  urbanisation  urban  planning  social  housing  affordable  housing  Lügenpresse  manufactured  consent  corporate  media  corporate  state  propaganda  populism  stigma  self-regulation  deregulation  Wall  Street  invisible  hand  crony  capitalism  profit  maximisation  shareholder  value  bank  bailout  TBTF  too  big  to  bail  too  big  to  jail  meritocra 
august 2015 by asterisk2a
Jeremy Corbyn wins economists’ backing for anti-austerity policies | Politics | The Guardian
In the letter to which David Blanchflower, a former member of the Bank of England’s monetary policy committee is a signatory, the economists write: “The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left on economic policy. But this is not supported by the candidate’s statements or policies. His opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity.” // UK can't compete with energy rich countries - ie through rebuilding (through subsidies) its industrial and manufacturing sector - it has to add value through expert services, knowledge, digital, research to existing products goods and services that then can be re-sold across the world - high energy cost, expensive transport through lack of infrastructure of the future, and lack of in-pipeline educated mobile youngster, is a structural deficit.
neoliberalism  Jeremy  Corbyn  David  Cameron  Labour  Party  Conservative  Party  Tories  Toff  Privileged  Establishment  dogma  ideology  austerity  Privatisation  neoliberal  budget2015  recovery  public  investment  underinvestment  productive  investment  infrastructure  investment  STEM  Research  digital  economy  knowledge  economy  differentiate  differentiation  IMF  OECD  global  economy  globalization  globalisation  borderless  flat  world  competitiveness  competitive  competition  competitive  advantage  current  account  deficit  trade  deficit  global  trade  trade  balance  Structural  Impediments  trickle-down  economics  economic  history  GFC  Generationengerechtigkeit  fairness  vocational  education  education  policy  social  mobility  income  mobility  Gini  coefficient  gender  inequality  inequality  professional  education  Future  of  Work  Software  Is  Eating  The  creative  destruction  added  value  value  creation  faultlines  working  poor  precarious  Precariat  squeezed  middle  class  deregulation  underemployed  unemployment  imbalance  subsidies  subsidizing  protectionism  Career  Politicians  Pivot  UK  economic  growth  economics  of  abundance  marginal  cost  energy  price  energy  policy  renewable  energy  Oil  price 
august 2015 by asterisk2a
Frankreich verliert Status als Deutschlands wichtigstes Exportland - SPIEGEL ONLINE
IMF rechnet für 2015 mit einem Anstieg des BIP US um 2,5 Prozent und für 2016 mit 3 Prozent. "Wir sehen zudem eine Reindustrialisierung in den USA: Dort werden wegen der niedrigen Energiekosten viele neue Fabriken und Produktionsstätten hochgezogen", sagte Treier. "Dafür werden Maschinen und Ausrüstungen aus deutscher Produktion benötigt." Hilfreich sei zudem der schwächelnde Euro, [...] "Die Amerikaner sind relativ preissensible Käufer, auch wenn es um Luxusprodukte wie deutsche Autos geht", // Germany & UK are energy dependent, especially after Desert Storm Energy project failed. UK need the bet on STEM and digital economy and knowledge economy, added value services that can be exported & leverage "British" brand. It can not compete against cheap energy fuelled China and USA! But it did nothing, UK has to even import Nurses and Doctors now! Thanks to short-sighted ideological dogmatic austerity & policy for established businesses. low corp tax & deregulation to compete w price only.
USA  warrenbuffet  2015  fracking  energy  price  Oil  price  energy  policy  shale  gas  shalegas  tarsand  Canada  Exportweltmeister  China  global  trade  Europe  Germany  industrial  policy  UK  global  economy  recovery  Makers  Career  Politicians  competitive  advantage  competitive  competitiveness  competition  energy  dependence  Manufacturing  policy  error  policy  folly  renewable  energy  wind  energy  energy  efficiency  Conservative  Party  budget2015  Tories  austerity  corporate  tax  rate  capital  gains  tax  income  tax  tax  free  income  David  Cameron  George  Osborne  Iain  Duncan  Smith  deregulation  Workers  Union  self-regulation  regulation  regulators  neoliberalism  neoliberal  differentiate  differentiation  ZIRP  NIRP  QE  digital  economy  economic  history  trickle-down  economics  tax  evasion  tax  avoidance  export  exports  current  account  deficit  budget  deficit  trade  deficit  fiscal  deficit  fiscal  policy  fiscal  stimulus  STEM  research  knowledge  economy  knowledge  worker  economics  of  abundance  marginal  cost  economic  damage  shared  economic  interest  macroeconomic  policy  microeconomic  policy  DWP  education  policy  inequality  Gini  coefficient  social  mobility  poverty  trap  child  poverty  income  mobility  creative  destruction  Future  of  Work  Mobile  Creatives  Mobile  White-collar  Blue-collar  squeezed  middle  class  Sozialer  Abstieg  working  poor 
august 2015 by asterisk2a
Darwinism At Your Doorstep: Why You Only Care About Amazon Now | TechCrunch
“You either fit here or you don’t,” and that in Seattle the company has a widespread reputation for its toughness. For now, you have a choice whether to work for Amazon. For now, you have options. Amazon is the vanguard of a very scary movement in the tech sector but we’re not all there yet (though some techbros on Twitter seem happy at the thought of Amazon culture catching on). [...] Why do we care suddenly about working conditions when it turns out that white-collar employees are the ones getting shafted? The workers at Amazon fulfillment centers have much less choice and much less power than the marketers and engineers in the Times piece. [...] We’re acting shocked and horrified that Amazon applies what it calls “purposeful Darwinism” to people with MBAs and PhDs, // [ trend, conditions known in service sector job and manual labour sector swapping over into the cushy world of blue-/white-collar worker ] Capitalism regresses toward feudalism.
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august 2015 by asterisk2a
What is the 'gig' economy? | FT Comment - YouTube
human capital, HR - as cost center. // trading short-term competitiveness (kick ppl of the book according to demand) but trade it in aggregate with long-term social deprivation and skill gaps and underinvestment. because of dog eat dog mentality than you are incentivised to compete on price, because it is the easiest and you are able to to it with those neoliberal labour reforms in Europe. Don't compete with Amazon on price. Don't compete with China/Asia on price. Stupid.
Gig  Economy  1099  Economy  Zero  Hour  Contract  freelancing  freelance  part-time  Contractor  working  poor  precarious  work  uncertainty  squeezed  middle  class  Sozialer  Abstieg  neoliberalism  neoliberal  21stcentury  job  creation  job  market  labour  economics  labour  market  manual  labour  Service  Sector  Jobs  on-demand  convenience  western  world  Zeitarbeit  Leiharbeit  Europe  UK  USA  Germany  capitalism  human  capital  conglomerate  social  safety  net  Universal  Basic  Income  self-employment  tax  credit  poverty  trap  poverty  in  old  age  savings  rate  Policy  Makers  lobbyist  lobby  Lobbying  folly  error  short-term  thinking  short-term  view  meritocracy  meritocratic  Alain  de  Botton  work  environment  philosophy  chronic  stress  Precariat  Future  of  Mobile  Creatives  Mobile  Creative  profit  maximisation  shareholder  value  Workers  Union  Wall  Street  budget  deficit  OECD  IMF  lost  generation  lost  decade  professional  education  vocational  education  education  unintended  consequences  skills  gap  skill-biased  technological  change  Software  Is  Eating  The  Niedriglohnsektor  microeconomic  macroeconomic  deprivation  Perspective  hopelessness  voter  turnout  Career 
august 2015 by asterisk2a
Japan Exports Its Way to Irrelevance - Bloomberg View
[ Politicians as always will react with reactionary unimaginative policy, competing for the same pie. instead of enabling, supporting new pies to be created. ] But Abe needs to recognize, as China already has, that this is only the latest sign of a broader reality: Asia's old export model of economic growth no longer works. [...] All the stimulus BOJ Governor Haruhiko Kuroda can muster won't change the worsening trajectory of the region's most-populous nation. That's why Abe needs to take a page from Beijing and focus more on creating new industries at home. [ the base of home grown new market/category/vertical also includes sound middle class to buy those products. demand at home. social safety net (security). and less inequality. progressive taxation. fight tax evasion/avoidance, monopoles, monopsonies, bribery, corruption. and politicians making policy for lobby. ]
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august 2015 by asterisk2a
Why we Polish are downing tools to get the recognition we deserve | John Zylinski | Comment is free | The Guardian
[ Tories and Co pit them, us all, against each other ]
immigrants  immigration  scape  goat  smoke  mirror  David  Cameron  UKIP  Nigel  Farage  George  Osborne  DWP  Iain  Duncan  Smith  austerity  UK  Service  Sector  Jobs  job  market  job  creation  Sozialer  Abstieg  squeezed  middle  class  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  lohndumping  labour  market  Workers  Union  Zeitarbeit  Leiharbeit  economic  history  industrial  policy  STEM  Manufacturing  manufactured  consent  propaganda  populism  Career  Politicians  No  Representation  short-term  thinking  short-term  view  national  interest  Xenophobia  racism  Tories  Conservative  Party  policy  folly  policy  error  Makers  social  contract  social  cohesion  social  tension  welfare  state  neoliberalism  neoliberal  babyboomers  Generationengerechtigkeit  skills  gap  skill-biased  technological  change  globalisation  globalization  borderless  flat  world  competitive  competitiveness  competition  London  economies  of  agglomeration  Westminster  SNP  Scotland  Wales  Northern  Ireland  progressive  coldprogression  kalte  Progression  financial  repression  bank  bailout  bailout  zombie  banks  GFC  recovery  political  theory  precarious  work  social  policy  Party  workin 
august 2015 by asterisk2a
Better to inherit a home than start a business in Osborne.uk | Will Hutton | Comment is free | The Guardian
Our government is locked into a mindset in which economic problems are rooted in regulation, taxation and the public sector, so its reform efforts are focused there rather than addressing the palpable dysfunctions of the private sector. [...] It is Orwellian. There is a productivity review that will not raise productivity and a budget that will do little to deliver what the chancellor says he wants. This should offer rich pickings for any opposition – but to exploit the possibilities it first has to understand them and then challenge Osborne’s narrative. It is a sign of our shrunken times that instead the chancellor bestrides our economics and politics like a colossus.
George  Osborne  budget2015  2015  recovery  GFC  industrial  policy  education  policy  vocational  education  professional  education  STEM  austerity  Social  Services  Gini  coefficient  Public  Services  welfare  state  working  poor  precarious  work  squeezed  middle  class  mobility  corporate  tax  rate  income  mobility  UK  David  Cameron  Toff  Privileged  Establishment  policy  folly  policy  error  short-term  thinking  short-term  view  capital  gains  income  tax  globalization  globalisation  added  value  value  creation  differentiate  differentiation  borderless  competitive  competition  competitiveness  flat  world  tax  evasion  tax  avoidance  Conservative  Party  budget  deficit 
august 2015 by asterisk2a
Headline Numbers: How do you measure inequality? - BBC News
Research from the Institute for Policy Studies found that in 2014, bonuses paid to Wall Street employees had been double the total annual pay earned by all Americans who worked full-time at the federal minimum wage. I crunched the numbers and it turned out that the same was true for the UK. [...] The Office for National Statistics (ONS) had figures out on Wednesday based on the definition that people were in poverty if their income was below 60% of the median level (to find the median income, line up all the people in the country in order of income and take the middle one). It found that almost a third of the UK population had experienced poverty in at least one of the years between 2010 and 2013, which is very high by European standards. The OECD sets out a summary of what has happened to examples of all three of these measures. Across its 34 member countries, the Gini Coefficient rose gradually from 1996, fell slightly for the financial crisis and then resumed its upward path.
inequality  Gini  coefficient  income  inequality  income  growth  minimum  wage  Niedriglohnsektor  working  poor  precarious  work  Precariat  Zeitarbeit  Werkvertrag  Leiharbeit  Western  World  bonuses  bonus  compensation  package  1%  Super  Rich  squeezed  middle  class  working  class  Blue-collar  Worker  tax  code  taxation  tax  evasion  tax  avoidance  living  wage  standard  of  living  living  standard  disposable  income  discretionary  spending  UK  USA  GDP  Service  Sector  Jobs  Share  Economy  knowledge  knowledge  Mobile  Creatives  Mobile  Creative  Future  of  Industrial  Revolution  2.0  Software  Is  Eating  The  World  competition  differentiate  differentiation  borderless  flat  globalisation  globalization  capital  gains  Wall  Street  recovery  ZIRP  NIRP  QE  TARP  POMO  bailout  Career  Politicians  No  Representation  democracy  lobbyist  lobby  Lobbying  Workers  Union  presidency  barackobama  revolving  door  Washington  trust  confidence  poverty  child  poverty  poverty  in  old  age  food  poverty  income  distribution  income  mobility  income  redistribution  downward  mobility  social  mobility  austerity  welfare  welfare  state  Services  Public  Services  social  safety  net  IMF  OECD  GFC  social  tension  social  cohesion 
may 2015 by asterisk2a
Extreme austerity a political choice not economic necessity (UK)
has lots of papers on // "Extreme austerity a political choice not economic necessity." (UK) // "We are all in this together." Conservatives and LibDems >> &! http://www.theguardian.com/politics/2015/may/05/uk-living-standards-fell-for-all-but-the-richest-under-coalition-analysis &! http://www.theguardian.com/news/datablog/2012/may/22/social-mobility-data-charts &! http://www.bbc.co.uk/news/education-24566926 //
austerity  UK  Conservative  Party  David  Cameron  Nick  Clegg  George  Osborne  underinvestment  productivity  output  gap  infrastructure  investment  management  fiscal  policy  IMF  economic  history  Career  Politicians  No  Representation  short-term  thinking  short-term  view  policy  error  policy  folly  social  mobility  Gini  coefficient  income  mobility  downward  mobility  labour  market  labour  economics  vocational  education  education  policy  continual  education  Industrial  Revolution  2.0  globalisation  globalization  competitiveness  competitive  competition  squeezed  middle  class  working  poor  precarious  work  Precariat  Proletariat  working  class  middle  class  tax  evasion  tax  avoidance  trickle-down  economics  Super  Rich  1%  crony  capitalism  profit  maximisation  shareholder  value  Wall  Street  Toff  Privileged  Establishment  John  Van  Reenen 
may 2015 by asterisk2a
Britain needs a real manifesto for growth | Business | The Guardian
There is a chronic shortage of supply in transport, energy and housing. Roads, rails and airports are clogged; we are in danger of the lights going out due to low electricity capacity and pathetic rates of house building have generated stratospheric prices. Building infrastructure produces permanent economic gain, but provokes temporary political pain. Nimbies object to disruption and we have been reluctant to compensate them properly. So it’s no surprise that people use the archaic planning system to block and delay investment projects. Politicians find it easier to prevaricate and reverse their predecessors’ decisions and set up ad hoc celebrity reviews (e.g. the coalition’s bottling out of Heathrow expansion). When the time comes for spending cuts, investment is first on the chopping block because the economic bruises only come out years later. Political short-termism is mirrored by corporate myopia which holds back innovation. There remains a lack of competition in banking. ...
UK  productive  investment  underinvestment  austerity  IMF  recovery  infrastructure  investment  2015  David  Cameron  George  Osborne  Conservative  Party  education  policy  labour  market  labour  economics  productivity  output  gap  social  mobility  income  mobility  Gini  coefficient  inequality  income  inequality  income  growth  squeezed  middle  class  Industrial  Revolution  2.0  vocational  education  continual  education  tax  avoidance  tax  evasion  fairness  welfare  state  Services  Public  Services  social  safety  net  apprenticeships  tax  credit  macroeconomic  policy  microeconomic  policy  fiscal  policy  fiscal  stimulus  neoliberalism  neoliberal  globalisation  globalization  competitiveness  competitive  competition  precarious  work  Precariat  working  poor  working  class  Zero  Hour  Contract  contractor  outsourcing  opportunist  Opportunism  short-term  thinking  short-term  view  Career  Politicians  investment  banking  1%  Privileged  Establishment  Toff  No  Representation  policy  error  policy  folly  Germany  Schuldenbremse  Pact  Wolfgang  Schäuble  Angela  Merkel  retraining  on  job  training  John  Van  Reenen 
may 2015 by asterisk2a
Naomi Klein on Global Neoliberalism - YouTube
history doesn't repeat, but it rhymes // use of crisis for political ends // crisis is required to push through those policies // effect - rise if inequality - gini coefficient // history shows - capital flight // net capital flight out of UK from 2008-2015 !? // mixed economy ! // Naomi Klein and Joseph Stiglitz on Economic Power - youtu.be/qkErO-TwOeo &! Naomi Klein, Raj Patel, Amy Goodman: Crisis Capitalism - youtu.be/8Ji_8tI0sbY youtu.be/wmHOj0FT5l0 &! Joseph Stiglitz (2014) - Why Capitalism is Failing - youtu.be/b7wIw1VNjSk &! [Chrystia Freeland] Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (Full Session) - youtu.be/S9LIVa3WVPo --- GFC did not end plutocracy (Fortune/Forbes list) it propelled them - QE, bailouts, NIRP etc - it was a recovery for the 1% - Carlos Slim is richest person ever lived (based on labour cost/hr of home country). &! Matt Taibbi and Chrystia Freeland on the One Percent's Power and Privileges - youtu.be/rvIM6-BGx8I
Naomi  Klein  neoliberal  neoliberalism  PIGS  austerity  Wasserprivatisierung  Privatisation  liberal  economic  reform  IMF  USA  economic  history  World  Bank  trickle-down  economics  Troika  sovereign  debt  crisis  Gini  coefficient  inequality  Wall  Street  book  welfare  state  social  safety  net  Services  Public  Services  welfare  GFC  UK  fiscal  policy  policy  folly  policy  error  Davos  Makers  Career  Politicians  microeconomic  policy  macroeconomic  policy  economic  model  economic  damage  oligarchy  plutocracy  Super  Rich  1%  Establishment  Privileged  income  inequality  capital  gains  squeezed  middle  class  working  poor  globalisation  globalization  flat  borderless  precarious  work  Precariat  contractor  Zero  Hour  Contract  Leiharbeit  Zeitarbeit  Minijob  Werkvertrag  recovery  No  Representation  Industrial  Revolution  2.0  oligopoly  oligopol  crony  capitalism  rent-seeking  rentier  human  capital  income  growth  social  mobility  income  mobility  meritocracy  meritocratic  lobbyist  lobby  Lobbying  revolving  door  tax  evasion  tax  avoidance  political  economy  ethical  beliefs  ethical  machine  moral  beliefs  profit  maximisation  shareholder  value  American  Dream  Great  Gatsby  curve  intellectual  honesty  social  tension  social  working  class  Egalitaria 
may 2015 by asterisk2a
Bank of England says UK economy to grow by 2.5% in 2015 - BBC News
Mr Carney warned of "underlying weakness" as the Bank gave a gloomier picture for productivity growth. The Bank revised down its productivity forecast because it sees a disproportionate number of new jobs as low-skilled and low-output. Productivity growth is now expected to improve only modestly in the coming year before remaining below past average rates. 'Underinvestment' "Today's report should leave nobody in any doubt about the fundamental role of productivity growth in the UK economy's performance," said Aberdeen Asset Management chief economist Lucy O'Carroll. "The Bank of England has downgraded its growth outlook, and Mark Carney has put poor productivity right at the centre of the story. "He may have put part of the productivity disappointment of recent years down to a disproportionate pick-up in low-productivity jobs, but he has also admitted that underinvestment has played a role." [...] [+ EU&Global (China) headwinds] = in no rush to raise interest rates. &! bbc.in/1RIb9Ah
productivity  UK  job  creation  labour  market  labour  economics  Niedriglohn  Niedriglohnsektor  Services  Industry  service  industrial  policy  structural  imbalance  Impediments  output  gap  recovery  working  poor  squeezed  middle  class  USA  precarious  work  Precariat  self-employment  contractor  Zero  Hour  Contract  outsourcing  borderless  flat  world  globalisation  globalization  competitiveness  competitive  competition  Manufacturing  Career  Politicians  short-term  thinking  short-term  view  economic  history  GFC  dot.com  productive  investment  hunt  for  yield  asset  allocation  ZIRP  NIRP  QE  unintended  consequences  speculative  bubbles  speculative  speculation  ecosystem  education  policy  vocational  education  continual  education  underemployed  employability  long-term  unemployment  structural  unemployment  Revolution  2.0  entrepreneurial  entrepreneurship  Start-up  SME  SMB  Mittelstand  Software  Is  Eating  The  Share  Economy  service  Sector  Jobs  2015  sociology  trust  advice  psychology  anxiety  secular  stagnation  deflationary  digital  knowledge  sharing  shadow  1099  Economy  New  Economy  Venture  Capital  wantrepreneur  Year  of  Code  practical  skills  practical  skill  set  of  economics  of  apprenticesh 
may 2015 by asterisk2a
DER SPIEGEL 20/2015
"Die Chancenluege" Bildung Wer in Deutschland als Kind armer Eltern geboren wird, gleicht diesen Nachteil meist nicht mehr aus. Das liegt auch daran, dass der Sozialstaat seine Milliarden falsch verteilt, Der soziale Aufstieg wird zum leeren Versprechen.
Gini  coefficient  social  mobility  income  mobility  child  poverty  food  poverty  poverty  working  poor  ALG2  Aufstocker  Proletariat  precarious  work  Precariat  Germany  Europe  Sozialer  Abstieg  Soziale  Marktwirtschaft  Zeitarbeit  Leiharbeit  Werkvertrag  contractor  Zero  Hour  Contract  Minijob  education  policy  welfare  welfare  state  hartz-iv  social  safety  net  chronic  stress  fear  anxiety  gesellschaft  Agenda  2010  Services  Public  Services  squeezed  middle  class  middle  class  Industrial  Revolution  2.0  globalisation  globalization  sovereign  debt  crisis  austerity  UK  poverty  in  old  age  competitiveness  competitive  competition  subsidies  subsidizing  Wall  Street  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  democracy  social  cohesion  trust  voter  turnout  AfD  NPD  Protest  Partei  Protest  Party  short-term  thinking  short-term  view  profit  maximisation  shareholder  value 
may 2015 by asterisk2a
Tom Keene's Excited: Counting the Labor Economy - YouTube
break of a trend of rise in net new job creation // rise in uncounted unemployed - biggest count among them black, latino, mexican, // also unaccounted - how much, what sliver of the 2000s stagnation is self-employment numbers where you just make ends needs just about barely inching towards living wage but far off at your cushy old job with a middle class wage. Picture also highlights that 2000 dot.com recovery was a debt fueled recovery. As well as is the recovery from the GFC. Lay over that graph also GDP and GDP per capita. And S&P500 (w dividends, w revenues of businesses in the S&P500 USA companies US business) That will show. //
21stcentury  2000  labour  market  labour  economics  USA  Western  World  globalisation  Industrial  Revolution  2.0  borderless  competitive  competition  competitiveness  Career  Politicians  short-term  thinking  short-term  view  Wall  Street  contractor  Zero  Hour  Contract  outsourcing  job  creation  Industrial  Revolution  economic  history  Software  Is  Eating  The  World  unemployment  underemployed  workforce  participation  rate  self-employment  employment  structural  unemployment  secular  stagnation  dot.com  recovery  GFC  austerity  IMF  OECD  UK  Europe  Germany  squeezed  middle  class  middle  class  disposable  income  discretionary  spending  economics  of  abundance  marginal  cost  academia  academics  ZIRP  NIRP  QE  debt  monetisation  debt  monetization  bailout  social  cohesion  policy  error  policy  folly  Workers  Union  Millennials  babyboomers  generationy 
may 2015 by asterisk2a
Larry Summers: I'm Concerned U.S. Growth Won't Pick Up - YouTube
Not enough investment in productive entities that create living wage & middle class jobs. // credit induced growth & exhaustion of easy growth (China) // Debt Fueled Growth ends rarely gently. (GFC) // western world >> too little internal demand, its deflation and inflation
secular  stagnation  output  gap  productivity  Western  World  lost  decade  ZIRP  NIRP  QE  Wall  Street  precarious  work  Precariat  USA  UK  Europe  working  poor  squeezed  middle  class  disposable  income  discretionary  spending  ROI  hunt  for  yield  short-term  thinking  short-term  view  lost  generation  living  wage  structural  imbalance  Impediments  globalisation  globalization  borderless  competitiveness  competitive  competition  Industrial  Revolution  2.0  Service  Sector  Jobs  Niedriglohnsektor  Services  Industry  economy  fiscal  policy  monetary  policy  economic  history  Germany  middle  class  Zeitarbeit  Leiharbeit  Werkvertrag  exploitation  profit  maximisation  shareholder  value  deflationary  productive  investment  Food  Stamps  Aufstocker  ALG2  hartz-iv  austerity  Larry  Summers 
may 2015 by asterisk2a
Snowden ǀ Guten Morgen, NSA — der Freitag
Wer sich in den vergangenen (fast) zwei Jahren nicht empörte, wird nun nicht plötzlich auf die Veröffentlichung von Informationen zu einem zusätzlichen Überwachungsprogramm der NSA mit einer tiefen Verhaltensänderung reagieren. Er wird vielleicht noch nicht einmal durch den aktuellen Skandal um den BND wachgerüttelt // &! "Spätestens seit Edward Snowdens Enthüllungen ist klar: Staaten und Konzerne stellen und steuern das Internet, mit entsprechenden Interessen und Nebenwirkungen. Die Illusion der Offenheit dekoriert lediglich die harte Realpolitik.“ = http://www.3sat.de/page/?source=/scobel/181542/index.html // Gesellschaft - jeder fuer sich selbst // the state of the world and the picture of the future
surveillance  state  Orwellian  BND  NSA  Five  Eyes  GCHQ  Wikileaks  Edward  Snowden  cablegate  democracy  Career  Politicians  No  Representation  TTIP  CETA  lobbyist  lobby  Lobbying  Wall  Street  profit  maximisation  shareholder  value  UK  USA  Europe  Germany  War  on  Terror  9/11  Iraq  War  accountability  transparency  Intelligence  Agency  Foreign  Intelligence  cyber  corporate  espionage  industrial  espionage  cyber  espionage  China  Protest  Partei  Protest  Party  short-term  thinking  short-term  view  Zivilcourage  Zivilgesellschaft  globalisation  globalization  Sozialer  Abstieg  squeezed  middle  class  fear  trust  distrust  trustagent  gesellschaft  precarious  work  Precariat  working  poor  competitive  competitiveness  competition  secular  stagnation  resignation  Gini  coefficient  social  mobility  income  mobility  bailout  too  big  to  jail  TBTF  toobigtofail  Global  Village  civic  society  civic  life  civic  good  Universal  Basic  poverty  Western  World 
may 2015 by asterisk2a
VW-Hauptversammlung: Winterkorn hakt die Vergangenheit ab - SPIEGEL ONLINE
Auf der Hauptversammlung verknüpft VW-Chef Winterkorn die Zukunft von Europas größtem Autokonzern mit sich selbst. [...] Mit seinem Effizienzprogramm (das Wort "Sparprogramm" passt nicht zum Erfolgskurs) soll die Kernmarke VW noch in diesem Jahr mehr als eine Milliarde Euro einsparen. "Hier lassen wir - hier lasse ich nicht nach", betont Winterkorn. Bei VW bauen Menschen Autos für Menschen, wirbt der Konzernchef. "Und ich verspreche ihnen: Daran wird sich auch in Zukunft nichts ändern". << Werkvertraege und Leiharbeit (Lohnkostensenkung in GER) // are they really ahead of the cure or are they just coping with the change. meaning not willing to disrupt itself? to risk entering new industries what will take 10 years to mature (3D Printing (new materials), Software, Robotics, Automation, stakes in Share Economy and on-demand economy (Lyft, Uber, Hailo, BlaBlaCar, Postmates, FernReisebusunternehmen). ... which would actually show Leadership. It's own Google X and Google Ventures.
VW  Peak  Car  industrial  policy  Germany  Mittelstand  Werkvertrag  Tarifvertrag  Zeitarbeit  contractor  Leiharbeit  Lohnzurückhaltung  lohndumping  complexity  secular  stagnation  squeezed  middle  class  China  BRIC  Frontier  Markets  Developing  World  India  Western  World  Africa  urbanisation  urban  planning  electric  Tesla  Motors  globalisation  globalization  Lohnkosten  competitive  advantage  competitiveness  competitive  competition  flat  borderless  21stcentury  automotive  Europe  Industry  disrupting  disruption  Leadership 
may 2015 by asterisk2a
Eurokrise ǀ Die ökonomischen Irrwege der Angela M. — der Freitag
Die Agenda 2010 - ein Name wie Donnerhall - ist bis heute eines der umstrittensten Projekte der rot-grünen Bundesregierung, denn sie war faktisch ein flächendeckendes Lohnsenkungsprogramm, indem die Lohnansprüche der Arbeitnehmer durch Hartz IV, Leiharbeit, Werkverträge u.ä. rapide gedrückt wurden. Und es ist geglückt: bis 2013 sind die Reallöhne bundesweit gesunken oder stagnierten trotz positiver Produktivitätsentwicklung. Angela Merkel versucht nun schon seit 5 Jahren, um jeden Preis das deutsche Modell der Lohnsenkung durch die Agenda 2010 auf ganz Europa zu übertragen, passender Weise mit der SPD. Sie wird scheitern. Aber nicht auf ihre Kosten, sondern auf de Kosten anderer, denn es gilt ein einfacher ökonomischer Mechanismus: Keine Nachfrage und Investitionen - Keine Wirtschaftsleistung - Keine Steuereinnahmen - Kein Schuldendienst. Diese Logik ist einfacher als eine schriftliche Division, zur Kenntnis scheint sie in Deutschland trotzdem nicht genommen zu werden.
Leiharbeit  Werkvertrag  Zeitarbeit  Agenda  2010  GroKo  hartz-iv  Lohnzurückhaltung  Niedriglohn  Niedriglohnsektor  contractor  self-employment  subsidies  subsidizing  ALG2  Aufstocker  labour  market  labour  economics  Exportweltmeister  Germany  China  competitive  advantage  competitiveness  competitive  competition  flat  world  borderless  industrial  policy  productivity  lobbyist  lobby  Lobbying  Workers  Union  Angela  Merkel  Wolfgang  Schäuble  Fiscal  Pact  Schuldenbremse  austerity  sovereign  debt  crisis  secular  stagnation  consumer  confidence  squeezed  middle  class  working  poor  precarious  work  Precariat  Proletariat  No  Representation  Career  Politicians  short-term  thinking  short-term  view  Europe  PIGS  microeconomics  microeconomic  policy  policy  Makers  policy  error  policy  folly  Revolution  2.0  working  class  middle  class  disposable  income  budget  deficit  social  cohesion  democracy  Protest  Partei  Protest  Party  Sozialer  Abstieg  Soziale  Marktwirtschaft  Wall  Street  profit  maximisation  shareholder  value  lohndumping  living  wage  minimum  wage  Service  Sector  Jobs  wage  stagnation  sticky  wages  economic  history 
may 2015 by asterisk2a
After Your Job Is Gone | TechCrunch
Future  of  Work  Mobile  Creatives  Mobile  Creative  Software  Is  Eating  The  World  Robotics  autonomous  car  self-driving  cars  algorithm  automation  first  homescreen  phone  Peak  Peak  Jobs  self-employment  Zero  Hour  Contract  contractor  precarious  Precariat  working  poor  crony  capitalism  shareholder  value  profit  maximisation  globalisation  globalization  borderless  flat  competitiveness  competitive  competition  freelance  freelancing  competitive  advantage  education  policy  Share  Economy  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  industry  Services  on-demand  convenience  austerity  Universal  Basic  Income  welfare  welfare  state  social  safety  net  minimum  wage  living  wage  Makers  Career  Politicians  protectionism  Uber  public  transportation  transportation  AirBnB  Postmates  Lyft  disposable  squeezed  middle  class  social  cohesion  democracy  No  Representation  Wall  Street  outsourcing  1099  Economy  3D  printing  industrial  policy  Manufacturing  Mittelstand  SME  SMB  Leadership  Programming  STEM  Bulimie  lernen  online  learning  e-learning  Google  vocational  education  Sozialer  Abstieg  Soziale  Marktwirtschaft  marginal  cost  economics  of  economics  economics  abundanc 
may 2015 by asterisk2a
We Are All Venture Capitalists Now | TechCrunch
In Mediocristan, you work fixed hours for a fixed wage. In Extremistan, success is enormously lucrative, but failure is far more common … and, for artists, condemns you to a life of grinding poverty and/or working outside of your chosen field. Of course tech startups also live in Extremistan. So too does venture capital itself, a meta-tournament of picking winners, in which enough money is (hopefully) made from the few big hits to outweigh the inevitable failures– –and so too will we all, soon enough. I’ve argued before that, because software is eating the world, “technology is slowly dragging us all, economically, away from Mediocristan and into Extremistan.” The power of software is such that it gives ever-smaller numbers of people ever-greater leverage. Meanwhile, much of yesterday’s rote Mediocristan work can and will be automated tomorrow. As a result, our economies are moving (slowly, in fits and starts) to a power-law Extremistan future. [ Seth Godin "be remarkable" ]
Venture  Capital  Software  Is  Eating  The  World  Future  of  Work  Mobile  Creatives  Mobile  Creative  Robotics  automation  squeezed  middle  class  working  poor  precarious  Precariat  3D  printing  algorithm  marketplace  marketplace  efficiencies  Share  Economy  shareholder  value  Wall  Street  profit  maximisation  Services  Industry  Niedriglohnsektor  service  service  Sector  Jobs  on-demand  convenience  Gini  coefficient  social  mobility  income  mobility  Universal  Basic  meritocracy  meritocratic  American  Dream  self-employment  contractor  Zero  Hour  Contract  Zeitarbeit  STEM  Germany  Western  World  secular  stagnation  globalisation  globalization  flat  borderless  freelancing  freelance  competitive  competitiveness  competition  education  policy  Career  Politicians  protectionism  Makers  policy  folly  policy  error  No  Representation  volatility  complexity  uncertainty  Super  Rich  1%  Extremistan  tournament  ivyleague  Privileged  Establishment  welfare  welfare  state  social  safety  net  USA  UK  productivity  output  gap  GFC  Silicon  Valley  Angel  Investor  Seth  Godin  sethgodin  differentiate  differentiation  entrepreneurial  entrepreneurship  entrepr 
april 2015 by asterisk2a
A Farewell To Jobs | TechCrunch
[the downside of making yourself hard to replace is, that its equally hard to move upwards the career ladder] the gig economy tends to reduce workers to fungible, replaceable cogs. Workers devalued in that way inevitably make less money and receive fewer benefits. When you can be more easily replaced, you become, pretty much by definition, less valuable; and technology is making the process of replacing one laborer with another increasingly frictionless. [...] in principle, both nurses and engineers are reasonably fungible. Short-term nursing contracts are plentiful, as are short-term engineering projects. One good iOS developer can easily replace another; good developers write code that’s easy for others to understand, maintain and expand. [...] an excess of supply relative to demand. [... thus the need for universal basic income / welfare state.] [...] spreading work more evenly among those who want it. [Borderless Flat World] - http://techcrunch.com/tag/peak-jobs/
Zero  Hour  Contract  Precariat  precarious  work  working  poor  minimum  wage  on-demand  squeezed  middle  class  contractor  outsourcing  Mobile  Creative  Mobile  Creatives  Future  of  Seth  Godin  marginal  cost  Jeremy  Rifkin  Software  Is  Eating  The  World  Open  Source  SAAS  IAAS  PAAS  Services  Industry  Service  Sector  Jobs  economy  Share  marketplace  marketplace  efficiencies  freelance  labour  economics  labour  market  algorithm  AI  augmented  intelligence  competitive  competition  oligopoly  oligopol  monopoly  Peter  Thiel  welfare  state  Universal  Basic  Income  flat  borderless  globalisation  globalization  crony  capitalism  capitalism  exploitation  self-employment  Wall  Street  social  cohesion  fairness  tax  avoidance  tax  evasion  Industrial  Revolution  economic  history  Career  Politicians  No  Representation 
march 2015 by asterisk2a
Digitale Revolution: Die Deutsche Wirtschaft ist zu zufrieden - SPIEGEL ONLINE
Skepsis ist angebracht. Die Digitalisierung ist dabei, das Leben umzuwälzen. Wie die Wirtschaft funktioniert, womit wir unseren Lebensunterhalt verdienen, wie wir zusammenleben, wie wir denken, lernen und fühlen - all das ist einem epochalen Wandel unterworfen. Wer die Folgen dieser Zeitenwende vor lauter Selbstzufriedenheit unterschätzt, lebt gefährlich. Eine Studie der Oxforder Forscher Carl Benedikt Frey und Michael Osborne kommt zu dem Ergebnis, dass durch die digitale Revolution 47 Prozent der heutigen US-Arbeitsplätze gefährdet sind; in anderen westlichen Ländern dürften die Dimensionen ähnlich sein. [...] Denn die Digitalisierung führt bei vielen Gütern zu einem rapiden Preisverfall. Zwischen 2010 und 2014 wurden Mobilcomputer in Deutschland um 40 Prozent billiger, IT-Dienstleistungen um zwölf Prozent, Mobiltelefonieren immerhin um neun Prozent, wie das Statistische Bundesamt vorrechnet. [future of Hardware as a Service ...]
Future  of  Work  Mobile  Creative  Mobile  Creatives  Share  Economy  marketplace  efficiencies  marketplace  on-demand  3D  printing  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  Robotics  automation  AI  artificial  intelligence  augmented  intelligence  algorithm  algorithms  homescreen  phone  virtual  reality  Career  Politicians  borderless  competitive  advantage  competitiveness  competitive  competition  BRIC  western  outsourcing  globalization  globalisation  Public  Policy  protectionism  folly  error  education  income  mobility  social  mobility  downward  mobility  social  cohesion  Universal  Basic  minimum  wage  mindestlohn  Germany  precarious  Precariat  working  poor  poverty  squeezed  middle  class  Big  Data  cost  of  ownership  ownership  Open  Source  marginal  cost  cost  of  entry  Signal  vs.  Noise  Silicon  Valley  disruption  disrupting  markets 
march 2015 by asterisk2a
Jahresbericht: OECD warnt vor lang anhaltender Stagnation - SPIEGEL ONLINE
OECD-weit setzten die Regierungen vor allem auf bildungs- und arbeitsmarktpolitische Maßnahmen. Sichtbare Erfolge konstatiert der Bericht bei der Reform von Programmen zur Arbeitslosenunterstützung, im Umbau der Rentensysteme und bei der Produktmarktregulierung. Die Steigerung der Arbeitsproduktivität bleibe eine der wichtigsten Voraussetzungen für langfristiges Wachstum. Daher sollten weiterhin vor allem jene Reformen im Fokus stehen, die Fähigkeiten und Qualifikationen fördern, auf denen wissensbasierte Gesellschaften aufbauen, empfehlen die Studienautoren. Ebenso wichtig sei es, die Bildungssysteme so zu gestalten, dass niemand außen vor bleibt.
OECD  liberal  economic  reform  education  policy  Future  of  Work  productivity  output  gap  GFC  Mobile  Creative  Mobile  Creatives  Software  Is  Eating  The  World  Robotics  automation  algorithm  Share  Economy  marketplace  efficiencies  marketplace  Universal  Basic  Income  hartz-iv  poverty  in  old  age  child  poverty  poverty  food  poverty  inequality  inequality  social  mobility  mobility  downward  mobility  Gini  coefficient  Super  Rich  1%  tax  evasion  tax  avoidance  fairness  Europe  UK  USA  Germany  borderless  globalization  globalisation  competitive  advantage  competitiveness  competition  competitive  youth  unemployment  lost  decade  lost  generation  working  poor  squeezed  middle  class  Precariat  precarious  Proletariat  democracy  No  Representation  Career  Politicians  Lobbying  lobbyist  lobby  Wall  Street  shareholder  value  short-term  thinking  short-term  view  policy  folly  policy  error  secular  stagnation  stagnation  stagflation  sovereign  debt  crisis  austerity  economic  history  Industrial  Revolution  underemployed  Soziale  Marktwirtschaft 
february 2015 by asterisk2a
BBC News - Cameron attacks school 'mediocrity'
Almost 3,500 schools in England rated as "requiring improvement" face being forced into new leadership, under plans to be announced by David Cameron. - hypocrisy - how about putting more teachers in first (and paying them a little more and making a portion performance related), reducing class sizes (after years of increases) ... all after years of cuts and non-increase to inflation ... &! Cameron challenged on 'no cuts' school funding promise - http://www.bbc.co.uk/news/education-31087137 &! Moray Council warns of teacher shortages - http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-31091127 &! http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-23580704 - Aberdeen City Council has received 85 applications for teaching positions after offering a new incentive package. &! 1 Day later - bit.ly/1BQ7wNH - Conservatives to cut school funding by 10% if they win general election [...] no promise to inflation-proof education funding.
education  policy  private  education  austerity  David  Cameron  Conservative  Party  UK  general  election  2015  Political  Governance  accountability  transparency  election  campaign  promises  policy  folly  policy  error  Future  of  Work  Mobile  Creative  Mobile  Creatives  Liberal  Arts  continual  education  education  formal  education  Higher  society  competitive  advantage  competitiveness  competitive  competition  borderless  globalization  globalisation  Career  Politicians  squeezed  middle  class  Proletariat  working  poor  automation  Software  Is  Eating  The  World  algorithm  Robotics  working  class  inequality  social  mobility  income  mobility  Gini  coefficient  income  inequality  downward  mobility  No  Representation 
february 2015 by asterisk2a
BBC News - Long, long slog to mend public finances
So the job of mending the public finances is a long way from over. The best performing, big developed economy in the world - that's us by the way, as assessed by speed of GDP growth - is generating far less tax than expected. So this year, the Office for Budget Responsibility expects the harvest for the Exchequer from taxation to be £7.8bn less than it predicted in March. And by 2017-18, it says the shortfall will be an eye-watering £21bn. & the biggest shortfall, roughly half of it, is in income tax, which reflects the creation of lots of new low wage jobs & the absence of meaningful pay rises for millions. [...] reflecting a change in the structure of the economy, rather than a passing phenomenon. [AUSTERITY] The OBR calculates that spending per head in real terms in 2019/20 on the public sector minus health and schools would be £1,290, or 57% less than in 2009/10. [... edu & industrial policy not straight ahead towards econ of the future ...] [in this together?] &! bbc.in/1tqUjGz
tax  avoidance  tax  evasion  Gerechtigkeit  fairness  crony  capitalism  Budget  UK  Debt  Super  Cycle  sovereign  crisis  recovery  GFC  economic  history  Lohnzurückhaltung  working  poor  Services  Industry  service  economy  service  squeezed  middle  class  wage  growth  sticky  wages  Niedriglohn  Niedriglohnsektor  minimum  wage  productivity  output  gap  liquidity  trap  monetary  transmission  mechanism  zombie  banks  zombie  consumer  mortgage  market  ZIRP  NIRP  QE  Funding  for  Lending  Scheme  Help  to  Buy  Scheme  fiscal  policy  monetary  policy  Future  of  Work  Mobile  Creative  Mobile  Creatives  flat  world  globalisation  globalization  Year  of  Code  industrial  policy  job  creation  disposable  income  Precariat  precarious  Zero  Hour  Contract  labour  economics  labour  market  George  Osborne  David  Cameron  competitiveness  competitive  competition  comparative  advantage  Silicon  Valley  BRIC  Frontier  Markets  Developing  free  trade  global  trade  trade  agreements  TTIP  austerity  Structural  Impediments  unemployment  infrastructure  investment  deficit  imbalance  apprenticeships  education  policy  practical  skills  practical  skill  set  secular  stagnation  wage  stagnation  stagnation  stagflation  deflationary 
december 2014 by asterisk2a
Jürgen Trittin: Plädoyer für linke Reformen - SPIEGEL ONLINE
Heute ist es für viele Menschen, gerade wirtschaftlich Schwächere, schwer geworden, dem Begriff "Reform" etwas Gutes abzugewinnen. Viel zu oft war Reform ein Synonym für sozialen Rückschritt & Ausschluss aus der Gesellschaft. Reform heute ist neoliberal aufgeladen, es steht für Deregulierung, für weniger Sicherheit, mehr Armutsrisiko & weniger Demokratie. Diese reale Erfahrung hat die Angst vor Veränderung erhöht. So haben Konservative leichtes Spiel. Das Bittere ist: Für diese Diskreditierung von Veränderung, für die Umdeutung von Reform sind auch Regierungen der linken Mitte mitverantwortlich. Links reden, rechts wählen - das ist keine deutsche Marotte. Als Folge der Finanzkrise wurden in Europa erst einmal reihenweise konservative & wirtschaftsliberale Regierungen gewählt. Gerade dort, wo die Krise wirklich zugeschlagen hat, zeigte sich wieder einmal: Krisen sind keine guten Zeiten für eine Politik der linken Mitte. [GroKo: Das allermeiste bleibt, wie es ist.] youtu.be/yAmiQJYqjxM
Germany  neoliberal  neoliberalism  economic  history  AfD  liberal  economic  reform  Zeitarbeit  Niedriglohn  Niedriglohnsektor  hartz-iv  Minijob  1  Euro  Job  Agenda  2010  underemployed  working  poor  squeezed  middle  class  structural  unemployment  child  poverty  poverty  in  old  age  poverty  Gini  coefficient  inequality  income  inequality  Kinderbetreuung  crony  capitalism  Bailout  No  Representation  Career  Politicians  GFC  deregulation  security  fairness  book  Gerechtigkeit  pollution  resource  depletion  climate  change  insecurity  unsertainty  immigration  imigrants  Zivilgesellschaft  Politics  GroKo  Angela  Merkel  2014  capitalism  Lobbying  lobbyist  lobby  compromise  European  Election  2014  UKIP  FPÖ  Austria  Switzerland  tax  avoidance  tax  evasion  Elite  Super  Rich  Privileged  society  Europe  flat  world  globalization  globalisation  competitive  advantage  competitiveness  Competition  competitive  comparative  advantage  BRIC  MINT 
september 2014 by asterisk2a
Frohes Schaffen - Ein Film zur Senkung der Arbeitsmoral (2012) - IMDb
Future  of  Work  Mobile  Creative  Mobile  Creatives  6-hour  day  4-day  week  Grundeinkommen  Universal  Basic  Income  sociology  status  anxiety  status  symbol  materialism  retirement  scicology  psychology  ideology  Religion  full  employment  underemployed  workless  worklife  burnout  structural  unemployment  unemployment  social  safety  net  flat  world  globalisation  globalization  comparative  advantage  competitiveness  competitive  Competition  competitive  advantage  humanity  human  progress  Robert  Skidelsky  leisure  time  book  AI  Robotics  Robots  Three  Laws  of  Robotics  workforce  education  policy  Public  democracy  Gini  coefficient  inequality  inequality  social  mobility  mobility  Politics  Career  Politicians  1%  Super  Rich  tax  evasion  tax  avoidance  fairness  Spiritual  spirituality  human  resources  human  being  human  capital  human  tragedy  self-respect  self-regulation  Self-esteem  self-awareness  society  parenthood  parenting  childhood  childhood  development  crony  capitalism  corporatism  Wall  Street  GDP  economic  history  history  finite  resources  Year  of  Code  21stcentury  knowledge  worker  working  poor  squeezed  middle  class  White-collar  environment  Blue-collar  working  class  workplace  life  balance  social  beings  social  science  social  society  social  status  happine 
august 2014 by asterisk2a
If Schools Don't Change, Robots Will Bring On a 'Permanent Underclass': Report | Motherboard
via http://www.reddit.com/r/Futurology/comments/2ct2xs/if_schools_dont_change_robots_will_bring_on_a/ The respondents overwhelmingly agree that this lovely future where robots do the work and humans design the robots and everyone has leisure time and lots of money only exists in a fantasy future where the school systems pump out a shitload of Elon Musks and Sergey Brins—or, at the very least, people who can reliably work at the companies those guys own. [...] only the best-educated humans will compete with machines [...] and education systems [around the world] are still sitting students in rows & columns, teaching them to keep quiet and memorize what is told to them, preparing them for life in a 20th century factory.” // Rise of Service Jobs (dominance) in USA, even post-GFC. // ADD: http://www.washingtonpost.com/blogs/on-leadership/wp/2014/08/07/are-robots-coming-for-your-job/
Robotics  AI  Future  of  Work  Start-up  of  You  Mobile  Creative  Mobile  Creatives  Year  of  Code  skill-biased  technological  change  practical  skills  practical  skill  set  capital  skills  knowledge  worker  White-collar  Blue-collar  human  capital  creativity  destruction  value  creation  Problem  Solving  complexity  unknown  unknowns  unintended  consequences  education  policy  Public  HR  human  resources  hiring  underemployed  structural  unemployment  employment  unemployment  leisure  time  disposable  income  working  poor  squeezed  middle  class  flat  world  globalisation  globalization  competitive  advantage  comparative  advantage  competitiveness  Competition  competitive  Career  Politicians  Precariat  Proletariat  sociology  psychology  Universal  Basic  Grundeinkommen  precarious  precarious  employment  Services  Industry  service  income  mobility  social  mobility  income  inequality  Gini  coefficient  living  wage  standard  of  living  minimum  wage  wage  stagnation  workforce  labour  economics  labour  market  middle  class  status  quo  sector  Europe  USA  disruption  knowledge  economy  domain  knowledge  domain  expertise  expertise 
august 2014 by asterisk2a
Live chart: Age and population - YouTube
flat  world  globalization  globalisation  Competition  food  security  food  poverty  food  prices  disposable  income  population  Mobile  Creative  Mobile  Creatives  knowledge  worker  knowledge  economy  skill-biased  technological  change  Future  of  Work  western  world  competitiveness  competitive  advantage  quality  of  life  middle  class  comparative  advantage  property  rights  democracy  Democratic  Process  Frontier  Markets  BRIC  emerging  market  emergingmarkets  frontiermarkets  technological  progress  first  mobilephone  cellphone  phone  feature  phone  China  Africa  South  Africa  East  Arab  transparency  accountability  Religion  oversight  free  trade  free  market  Career  Politicians  freedom  of  press  free  speech  crony  capitalism  corporatism  exploitation  Wall  Street  sustainability  sustainable  bribery  corruption  presidency  barackobama  USA  foreign  policy  foreign  affairs  diplomacy  Europe  capitalism 
august 2014 by asterisk2a
Steve Jurvetson never sells a share of a company he invests in - YouTube
59m7s >> what if we erase the digital divide ... transforming the pyramid into a conical spike because of winner takes all network effects. .... >> ~30hr work week - Robert Skidelsky, ... contribution to the collective worth society, unpaid. - unconditional living wage/income ... a basic income redistribution. fairness. people that work in low to non-profit companies because of added value to society ... paid by excess profits of X ... we are all in the same boat. we are all interconnected. dependent on each other. +++ http://youtu.be/pDVDWNguPs4?t=1h5m20s // doing more with fewer staff. & practical skills you need in today's workplace, u don't learn at university. Elon Musk, the most important men 4 the future. bc he's swinging big, willing to fail with his ambition(s). attracts similar minds. [down the line come's Bill Gates 2.0, Larry & Sergey, & others that work on sustainability of food and energy.] ADD Larry Page on that topic - http://on.recode.net/1qZC7oZ // vid id Wdnp_7atZ0M
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july 2014 by asterisk2a
Open your company's doors and let the machines in - the economy depends on it - Telegraph
The faster the mechanisation process, the more likely we are to see productivity – the amount of output each worker generates – starting to grow again and, with it, wages. A greater use of artificial intelligence throughout the economy will benefit, not hurt, the overall workforce. There are just two, crucial, caveats: it will be vital to help individuals displaced by the new technologies to find work in new areas. Better education and training will become even more vital. We also need policies to ensure that the UK, already a leading player in high value-added industries, continues to develop in these areas; this means making sure that Britain remains an open economy, that taxes are kept low, that higher education is allowed to thrive free of the dead hand of the state, and that infrastructure, including airport links, is up to scratch.
infrastructure  investment  infrastructure  UK  Net  Neutrality  productivity  Structural  Impediments  unemployment  skill-biased  technological  change  skill  skills  capital  skills  knowledge  worker  workless  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  unemployment  long-term  unemployment  long-term  thinking  short-term  thinking  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  Software  competitive  advantage  competitiveness  Competition  competitive  comparative-advantage  comparative  advantage  21stcentury  New  Economy  Public  Policy  education  formal  education  Higher  practical  skills  employability  practical  skill  set  fiscal  globalization  globalisation  Year  of  Code  programmers  programming  working  poor  squeezed  middle  class  living  wage  Career  Politicians  folly  error  Policy  Makers  faultlines 
june 2014 by asterisk2a
BBC News - UK unemployment total falls to 2.16m, wage inflation to remain low
[threat of wage inflation spiral far off because of multiple underlying factors not allowing it measured wholly across the uk (taking the other country called london out of the picture)] - "Weak pay growth and the 'cost of living crisis' remains the Achilles heel of the economic recovery," said Chris Williamson, chief economist at Markit. "But it should not be long until we see earnings growth accelerate as the labour market continues to tighten. Pay growth should pick up in coming months, perhaps significantly." +++ http://www.telegraph.co.uk/finance/10838393/Bank-of-Englands-slack-approach-leaves-economy-at-risk.html +++ http://www.economist.com/blogs/freeexchange/2014/03/monetary-policy-0 +++ http://youtu.be/fvTdWWUkUNM?t=2m10s
output  gap  slack  in  economy  UK  recovery  greatrecession  greatdepression  2014  2015  inflation  deflation  productivity  deflationary  fiscal  policy  monetary  policy  wage  growth  earnings  growth  austerity  BOE  Mark  Carney  ZIRP  spare  capacity  academia  economic  history  New  Normal  financial  repression  underemployed  underemployment  workforce  labour  market  structural  unemployment  inflation  expectation  wage  inflation  London  wage  inflation  spiral  working  poor  squeezed  middle  class  wage  stagnation  wages  living  wage  minimum  wage  industrial  policy  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  Mobile  Creative  Mobile  Creatives  knowledge  worker  White-collar  Blue-collar  skill-biased  technological  change  capital  skills  skill  skills  practical  skills  practical  skill  set  World  Flat  globalization  globalisation  competitive  advantage  competitive  competitiveness  Competition  comparative-advantage  comparative  advantage  21stcentury  Year  of  Code 
june 2014 by asterisk2a
Der Marxist und Geograph David Harvey über das Recht auf Stadt - SPIEGEL ONLINE
https://en.wikipedia.org/wiki/Gentrification >> "Urbanisierung ist ein Kanal, durch den überschüssiges Kapital fließt, um die Städte für die Oberschicht neu zu bauen. Ein machtvoller Prozess, der neu definiert, worum es in Städten geht, wer dort leben darf und wer nicht. Und er definiert die Lebensqualität in Städten nach den Maßgaben des Kapitals, nicht nach denen der Menschen." << unintended consequences froom NIRP, QE, ZIRP
Proletariat  Gentrified  class-warfare  Politics  Gentrification  city  living  unintended  consequences  neoliberal  comparative  advantage  urban  planning  subprime  political  folly  competitiveness  credit  bubble  policy  error  policy  folly  QE  NIRP  economic  history  working  poor  urbanisation  property  bubble  political  error  metropolitan  life  ZIRP  middle  class  book  Gentrifzierung  class  warfare  competition 
may 2013 by asterisk2a

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