asterisk2a + liberal + creation + economics + unemployment   5

Inequality and the Challenge of Employment - New Economic Thinking - YouTube
intrinsic motivation, fairness, social animal - social comparison (is encoded into the brain) - status anxiety // self-interest mostly wins over ethics/moral values? // trust between principle & agent // org structure and inventive - ie bonus variable attracts more selfish people and risk takers // justice and fairness is critically important - not only in orgs but also democracies //&! Natural rate theory (equilibrium) - service sector jobs (unskilled manual labour jobs) w minimum wage and not higher. and flexible wages with no minimum wage (USA) create working poor/inequality. institutional change - economists are not just analysts they also affect policy makers (think tanks). // austerity hurts equality/social mobility = economic long-run damage to potential (thus output gap and productivity loss) - lack of supply of able workforce to create added value products & services. trickle-down not helping. //&! tax code unfair, lower capital gains tax than on earned (labour) income
inequality  Gini  coefficient  social  mobility  income  mobility  intrinsic  motivation  fairness  human  resources  HR  management  people  management  well  being  philosophy  Alain  de  Botton  happiness  index  Selbstfürsorge  self-awareness  self-actualization  Maslow  socioeconomic  status  status  anxiety  social  status  workplace  work  environment  beyond  workplace  drama  chronic  stress  shareholder  value  profit  maximisation  shared  economic  interest  economic  damage  wage  growth  income  growth  income  gap  gender  pay  gap  glass  ceiling  glass  cliff  gender-based  discrimination  gender  inequality  trust  labour  economics  labour  market  microeconomic  policy  behavioral  economics  Organizational  behavior  organization  skill-biased  technological  change  job  market  minimum  wage  living  wage  equilibrium  sticky  wages  liberal  economic  reform  neoliberal  neoliberalism  underemployed  Workers  Union  macroeconomic  policy  unemployment  skills  gap  education  policy  vocational  education  poverty  trap  student  debt  student  loan  downward  mobility  welfare  state  Higher  income  inequality  Privileged  Middle  Class  Sozialer  Abstieg  squeezed  Public  Services  Services  child  poverty  poverty  American  Dream  output  gap  potential  output  added  value  value  creation  capital  skills  human  capital  dehumanisation  subhuman  trickle-down  economics  dogma  ideology  austerity  policy  error  policy  folly  UK  state  capital 
july 2015 by asterisk2a
Davos 2015: Nouriel Roubini says Income Inequality Creates U.S. Plutocracy - YouTube
- shown hurting growth. US growth is dependent on consumer spending. stupid. hacking off the only leg one has is not smart. // established economic truth ! Paul Krugman: Inequality Actually Bad for Growth - youtu.be/cRMi8_M681U &! Paul Krugman & Tony Atkinson in Conversation | Inequality and Economic Growth - youtu.be/3l6E3mUNW70 &! &! What's Really Driving Income Inequality: Orszag - youtu.be/XJ_raBX7oq8 ( only added value jobs STEM - pays for work and shows wage growth, not so in service sector jobs. UK recovery showed it; lots of service sector job creation than any other type of job + Lohnzurueckhalting (no leverage to demand higher wage than just minimum wage or little above bc outside the door waits the one who will replace you) = no wage growth in the first couple of years of recovery and no productivity growth and persistent output gap (below potential) )
plutocracy  Gini  coefficient  income  mobility  social  mobility  American  Dream  inequality  income  inequality  squeezed  middle  class  economic  growth  USA  economic  history  wage  growth  UK  recovery  secular  stagnation  job  market  job  creation  labour  market  labour  economics  STEM  productivity  Lohnzurückhaltung  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  precarious  work  Precariat  working  poor  job  security  Contractor  Zero  Hour  Contract  part-time  underemployed  skills  gap  Zeitarbeit  Leiharbeit  manual  labour  value  creation  added  value  knowledge  worker  Blue-collar  White-collar  minimum  wage  living  wage  disposable  income  discretionary  spending  industrial  policy  fiscal  policy  Higher  Education  policy  vocational  Sozialer  Abstieg  liberal  economic  reform  neoliberal  neoliberalism  trickle-down  economics  fiscal  stimulus  public  investment  competitiveness  competitive  infrastructure  investment  borderless  flat  world  globalisation  globalization  austerity  fairness  tax  evasion  tax  code  tax  avoidance  profit  maximisation  shareholder  value  Wall  Street  crony  capitalism  GFC  gender  inequality  poverty  trap  child  poverty  poverty  democracy  short-term  thinking  short-term  view  long-term  view  long-term  thinking  employability  lost  decade  lost  generation  youth  unemployment  Career  capitalism  Po 
july 2015 by asterisk2a
BBC iPlayer - Newsnight - 08/07/2015
"Comprehensive analysis of the Budget with Evan Davis and guests." // During the election David Cameron said child tax credit/benefit was off the list of welfare spending cuts. - broken election campaign promise // --- SHOULD BE (Labour Party Policy for next election):: make work pay and eliminate child poverty AND help people (everyone) w education and support to find better and more gainful work that lift them and the economy by producing added value products. // no path to higher wages, no path to higher productivity, no path to added value British Products export increase (manufacturing, research, STEM, ...) // low wage jobs have no to very little economic multiplier ... take into account tax credits etc and it is net-negative for state and the council //
election  campaign  promises  David  Cameron  budget2015  living  wage  minimum  wage  George  Osborne  Tories  Conservative  Party  working  poor  precarious  work  Precariat  underemployed  part-time  social  mobility  income  mobility  downward  mobility  poverty  trap  added  value  Manufacturing  Public  Policy  industrial  solidarity  society  class  warfare  austerity  dogma  ideology  trickle-down  economics  economic  model  corporate  tax  rate  STEM  education  vocational  education  practical  skill  set  practical  skills  skills  gap  democracy  Future  of  productivity  output  gap  economic  growth  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  competitiveness  competitive  borderless  flat  world  working  tax  credit  tax  credit  child  tax  credit  neoliberal  neoliberalism  liberal  economic  reform  welfare  state  Public  Services  Services  childcare  employability  self-employment  long-term  unemployment  child  poverty  food  poverty  poverty  Student  Maintenance  Grant  exports  current  account  deficit  export  Higher  gender  inequality  single  mum  teenage  pregnancy  economic  multiplier  labour  economics  labour  market  job  creation  recovery  GFC  bailout  fairness  short-term  thinking  short-term  view  Career  Politicians  No  Representation  Gini  coefficient  inequality  social  cohesion  social  tension  Gesell 
july 2015 by asterisk2a
WikiLeaks - Espionnage Élysée - Angela Merkel on Greece and Europe (actions speak louder than words).
Earlier reporting reveals that following talks last week in Berlin with Merkel, Hollande complained that nothing of substance was achieved; it was purely for show. Hollande had found the chancellor fixated on the Fiscal Pact and above all on Greece, on which he claimed she had given up and was unwilling to budge. // Angela (Germany) put(s) national and personal political interests first second third and last .... // symptoms of our time, even politicians jump on "everybody for himself" //
Angela  Merkel  Grexit  Greece  Leadership  PIGS  sovereign  debt  crisis  European  Union  Wolfgang  Schäuble  GroKo  Germany  shared  economic  interest  Career  Politicians  No  Representation  Wall  Street  haircut  Nationalism  political  theory  political  economy  policy  folly  policy  error  short-term  thinking  short-term  view  Legacy  political  error  political  folly  Jean-Claude  Juncker  ECB  MarioDraghi  GFC  bailout  fairness  solidarity  propaganda  populism  Lügenpresse  manufactured  consent  IMF  EFSF  toobigtofail  TBTF  too  big  to  jail  zombie  banks  banking  recovery  economic  history  Sozialer  Abstieg  downward  mobility  Gini  coefficient  inequality  tax  evasion  tax  avoidance  squeezed  middle  class  labour  market  labour  economics  precarious  work  Precariat  liberal  economic  reform  unintended  consequences  unknown  unkown  working  poor  Leiharbeit  Zeitarbeit  Minijob  minimum  wage  living  wage  Aufstocker  hartz-iv  Riester-Rente  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  Service  Sector  Jobs  globalisation  globalization  competitiveness  competitive  flat  world  borderless  job  market  job  creation  underemployed  youth  unemployment  lost  decade  lost  generation  monetar 
july 2015 by asterisk2a

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