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The Dark Side of Globalization: Why Seattle's 1999 Protesters Were Right - The Atlantic

mix between technology and globalisation, WTO etc // https://twitter.com/ianbremmer/status/822930363827757056 - The Dark Side of Globalization

The clearest example is competition from foreign workers, which really has slammed the American working class. Economists David Autor, David Dorn, and Gordon Hanson did very careful empirical work and found that competition from China lowered wages and increased unemployment for American workers who were in competition with Chinese imports. Economists Michael Elsby, Bart Hobijn, and Aysegul Sahin found that competition from developing countries—not the decline of unions or the rise of automation—has been responsible for the bulk of the recent decline in labor’s share of income in the United States.

globalisation globalization WTO technological unemployment Productivity China manual labour automation structural underemployed economic history AI
january 2017 by asterisk2a

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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

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Tax credit cuts - will the House of Lords stop them? - YouTube

what constitutional crisis? democracy. separation of power. checks and balances. getting the voice of the minority heard who have no voice, nobody, no lobby in Westminster to speak and represent them. // 1:44:00 David Cameron and Osborne lied to win a small majority in the general election, withholding the details of further (12bn) welfare cuts in the next parliament if they were (re-)elected. The British public is fed up. Same with LibDems budging on Student Fees post-election and students went on the street in London and elsewhere. & 1:58-59:00 because of that fact, what the gov is asking us to do to waive this through, is unacceptable. & 2:00:00 no taxation without representation & 2:34:00 Poor have to make even more hard choices that Toff can't even imagine to make. & If you don't create middle-class jobs (job creation/industrial policy), you have to top up pay with tax credit for low income. Period. & 2:47:00 proposed amendments were just soft paced cut style. no principles!

tax credit child tax credit working tax credit House of Lords UK austerity UK Parliament Tories Labour Party Conservative Party nasty Toff Privileged Establishment George Osborne David Cameron precarious work Precariat working poor income distribution income redistribution Gini coefficient inequality income inequality health inequality gender inequality single parent social mobility income mobility neoliberalism neoliberal fairness GFC bank bailout corporate welfare social safety net welfare state Generationengerechtigkeit recovery budget deficit tax avoidance tax evasion corporate tax rate subsidies subsidizing election campaign promises general election 2015 budget2015 minority low income low pay minimum wage Sozialer Abstieg squeezed middle class poverty child poverty food poverty poverty trap Career Politicians No Representation lobbyist lobby Lobbying crony capitalism capitalism democracy social contract Millennials generationy part-time Zero Hour Contractor job creation Niedriglohn Niedriglohnsektor Service Sector Jobs market manual PR spin doctor messaging vulnerable Disabled Support Universal Basic hartz-iv Agenda 2010 ALG2 liberal economic reform
october 2015 by asterisk2a

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Three City Link directors to face criminal charges over firm's collapse | Business | The Guardian

[ sticking the bill to the state, also lowering the insurance bill by employing drivers as self-employed (have to pay their own insurance, vehicle, vehicle tax, maintenance, etc) and not even making minimum wage (per hour income) << circumventing minimum wage payments and insurance payments. no morality. ] The Insolvency Service (IS) declined to comment on why the department was suddenly using its powers under the act. But the action comes after the government has been forced to pay out millions in compensatory payments to staff made redundant without proper consultation. The cases have emerged amid a government investigation into the issue of redundancy consultations in insolvencies and the potentially clashing demands of employment and insolvency law.

corporate scandal white-collar crime accounting scandal self-employment tax avoidance tax evasion exploitation lobbyist lobby Lobbying Workers Union Trade Union working poor precarious work Precariat job security job creation low income manual labour minimum wage morality Wall Street profit maximisation shareholder value
october 2015 by asterisk2a

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PMQs: Corbyn accuses Cameron of limiting life chances of children | Politics | The Guardian

Labour leader challenges PM with quotes from single mother of disabled child who will lose £1,800 under Tory cuts

child poverty tax credit child tax credit working tax credit child care Tories Conservative Party budget2015 George Osborne austerity fairness Generationengerechtigkeit bank bailout budget deficit recovery Jeremy Corbyn Labour Party Gini coefficient post code lottery education policy NHS inequality social mobility income mobility Makers constituency general election 2015 election campaign promises poverty poverty trap food poverty Maintenance Allowance Student Maintenance Grant Student Loan Bubble career ladder Politicians No Representation dogma ideology Iain Duncan Smith Jeremy Hunt DWP working poor precarious work Precariat job creation Zero Hour Contract Contractor self-employment market Service Sector Jobs job security job market manual minimum wage deprivation
october 2015 by asterisk2a

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Working-class Americans feel screwed. I heard it across the entire country | US news | The Guardian

Donald Trump has exposed the opportunity gulf between those who make policy and those who live it – turning immigrants into scapegoats in the process [...] The disappointment, although often wrapped in anger over immigration, is at its core about diminished opportunity. It is consistent with the economic reality that has persisted over the last three decades: except for the very rich, Americans haven’t seen their wealth increase. The people I talked to are not entirely wrong; their particular job prospects and their particular wealth have been harmed. [...] The angry are mostly people who work with their hands, who feel stuck in a vise tightening from two sides: there is a greater number of people looking for the same jobs and there are fewer jobs available, since many of these jobs having moved overseas.

American Dream Gini coefficient inequality Super Rich 1% Sozialer Abstieg squeezed middle class social mobility income inequality gender inequality income mobility fairness austerity UK USA neoliberalism neoliberal neoconservatism neoconservatives Career Politicians No Representation lobbyist lobby Lobbying revolving door Policy Makers crony capitalism capitalism Wall Street shareholder value profit maximisation presidential election 2016 Bernie Sanders Hillary Clinton Donald Trump tax evasion tax avoidance income distribution income redistribution abuse of power immigration migration job creation globalization globalisation working poor precarious work Precariat exploitation corporate scandal white-collar crime injustice morality bank bailout GFC recovery reflate reflation equity bubble Justice System Law & Justice Jim Crow post-racial America racial profiling accountability transparency manufactured consent oversight self-regulation regulation deregulation regulators Polarisation populism corporate state TTIP TPP corporate media propaganda Lügenpresse presidency barackobama Trade Union Workers Union job lab
october 2015 by asterisk2a

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Sports Direct site 'called ambulances dozens of times' - BBC News

The document adds agencies can end an assignment "at any time without reason, notice or liability".

precarious work Zero Hour Contract Contractor working poor manual labour Niedriglohnsektor Service Sector Jobs UK job creation job security
october 2015 by asterisk2a

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UK productivity lags behind rest of G7 - BBC News

"Since the economic downturn, productivity growth has slowed in most developed economies, but by more in the UK than the average." The Chancellor, George Osborne, pledged in July to take steps to encourage more long-term investment in infrastructure and by businesses to boost productivity. Howard Archer, chief UK economist at IHS Global Insight, said British productivity had been held back since the financial crisis by the creation of lots of low-skilled, low-paid jobs where productivity is limited. However, Institute of Directors chief economist James Sproule said that UK firms should focus on "agility" rather than productivity. "The economy of the future looks set to be dominated not by big companies, but by fast, agile, quick-moving and reactive ones," he said. "The firms that can respond to consumer demands most effectively and bring new products and services to market will reap the rewards."

UK productivity recovery output gap western world secular stagnation deflationary deflation Niall Ferguson competitive competitiveness BRIC education policy job market job creation Niedriglohnsektor Service Sector Jobs precarious work Precariat working poor disposable income discretionary spending income distribution income growth low income Gini coefficient income mobility social mobility inequality poverty trap austerity business confidence business investment budget2015 differentiate differentiation vocational education professional education Future of Software Is Eating The marginal cost marginal propensity to consume trickle-down economics economics of abundance underinvestment infrastructure investment STEM Research R&D labour market manual labour Tories Conservative Party macroprudential policy macroeconomic policy microeconomic policy
september 2015 by asterisk2a

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Zero hour contracts | Economics Help

41% of people on a zero hour contract job – wish to gain a replacement job, additional job or more hours in current job. This compares to just 12% of people not on a zero hour contract. Supporters argue zero hour contracts have helped to increase labour market flexibility, reduce unemployment and reduce costs for firms. For some workers, the job flexibility is advantageous. However, the rise of zero hour contracts have increased the phenomena of under-employment – where people have a job, but less hours and income than they would like. Critics argue that zero hour contracts lead to lower income, greater job and financial insecurity and reduced quality of life. // via https://redd.it/3kw63i // from comments - These contracts could only have come into being because employers today have the upper hand. The situation is victorian and strips the worker of all dignity. // // Here is not investment happening in the workforce to close skills gap. It's take take take.

Zero Hour Contract Contractor working poor job security precarious work Precariat Service Sector Jobs job creation recovery UK 2015 neoliberalism neoliberal Workers Union Niedriglohnsektor Niedriglohn minimum wage profit maximisation shareholder value Wall Street manual labour labour market labour economics job market tax credit child tax credit working tax credit underemployed Sozialer Abstieg squeezed middle class youth unemployment exploitation microeconomic policy microeconomics Career Politicians lobbyist lobby Lobbying No Representation society Gini coefficient poverty trap child poverty food poverty chronic stress social mobility income mobility downward mobility professional education vocational education capital skills skill-biased technological change skills gap human capital
september 2015 by asterisk2a

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„Macht die Grenzen auf!“ | Monitor | Das Erste | WDR - YouTube

Kosovo-Flüchtlinge - youtu.be/HPXeScjqv9I - Kosovo, armenhaus Europas. 20-30 Jahre keine Verbesserung. Kein Rechtsstaat, keine politische entwicklung. Korruption. Mafia. // Integration! - Chancen der Zuwanderung - youtu.be/3rKiCuEM1ko - Fachkraeftemangel, demographic bubble - better education! << more investment, not met, to integrate succesfully! (Syria, Iraq, Eritrea). Current school system is more of a hinderance than a acceleration of integration because of lack of appriate teachers and numbers of teachers.Bildungssystem foerdert nicht, eher diskriminiert! // &! Flüchtlinge auf der Balkanroute - youtu.be/vlzFU-mLzsg &! youtu.be/sZgbTA1FU1k //&! Pictures - bbc.in/1O1AFiR &! No quick fix - bbc.in/1EDJPQP //&! bbc.in/1NTwuXb - War or abject misery pushes, opportunity in western countries provides the pull. There are other pulls too. [People you know in Europe.] &! bit.ly/1PQPnaT &! bv.ms/1im9Jhz

migration immigration Europe Middle East Syrien Syria Iraq Eritrea economic refugee refugee war refugee political refugee UK morality ethics Career Politicians foreign affairs foreign policy foreign relations ISIS Iraq Afghanistan Germany Leadership shadow economy USA Mexico 21stcentury Niedriglohnsektor manual labour East Europe war Kosovo NATO poverty food poverty extreme poverty democracy unemployment corruption bribery Aid Entwicklungshilfe Mafia transparency accountability humanitarian crisis Human Trafficking decency humanity organised crime tragedy progress rights being dehumanisation subhuman Lebensgrundlage integration Fachkräftemangel demographic bubble ageing population education policy Asylbewerber Asylum social discrimination discrimination Gesellschaft Zivilgesellschaft civic society civic good civil courage civil society European Union solidarity
september 2015 by asterisk2a

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Exposing The Lie Behind The "Strong Jobs Recovery" In One Chart | Zero Hedge

This data shows that the so-called jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers. This is scarcely a good basis for resilient consumer spending driven by “solid” job growth that the consensus – including the Fed – is banking on. // bit.ly/1IN2i8f - But the E/P (Employment/Population) ratio for high school or college graduates – i.e., eight out of nine American adults – has not recovered any of its recessionary losses, and stands about where it started, one, two and three years ago (purple line).

recovery UK USA Service Sector Jobs manual labour job creation job market labour market 2015 Taper underemployed part-time Zero Hour Contract Contractor minimum wage poverty trap Sozialer Abstieg squeezed middle class working poor precarious work Precariat GFC dot.com reflate reflation Fed monetary policy monetary stimulus monetary transmission mechanism unconventional monetary policy monetary system fiscal policy austerity social mobility income mobility Gini coefficient added value value creation Multiplier economic history globalization globalisation academia academics Fed mandate Janet Yellen Ben Bernanke Niedriglohnsektor wage stagnation wage growth
september 2015 by asterisk2a

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Number of workers on zero-hours contracts up by 19% | UK news | The Guardian

Office for National Statistics says number of people reporting that they work on contracts with no minimum hours has risen to 744,000 [...] “The effect of zero-hours contracts on market behaviour and outcomes is thus likely to be greater than their incidence might suggest.” He also said that more employers would stop offering full-time permanent contracts to avoid paying the steep rise in the national living wage for the over-25s that comes into force next April. “In an otherwise very lightly regulated UK labour market the forthcoming large hike in the minimum wage when the national living wage (NVL) is introduced next year might act as a further incentive to employers to increase their use of zero-hours contracts – which are already very prevalent in sectors where the NVL will bite hardest - in order to minimise the impact on total labour costs.” [ study shows ppl are worse of, much more worse off ] &! Zero-hours contracts offered to 'a quarter of all unemployed' - bit.ly/1Nn9yiT

UK working poor tax credit child tax credit working tax credit tax code Zero Hour Contract Contractor precarious work Precariat labour market neoliberalism neoliberal deregulation Wall Street on-demand Marketplace shareholder value profit maximisation living wage national living wage minimum wage budget2015 George Osborne Tories Toff Privileged Establishment Conservative Party austerity fairness Generationengerechtigkeit job creation labour economics manual labour Service Sector Jobs Services Industry economy recovery disposable income discretionary spending exploitation poverty trap child poverty poverty food poverty 2015 wage stagnation wage growth secular stagnation deflationary deflation squeezed middle class Sozialer Abstieg income mobility social mobility Gini coefficient GFC part-time underemployed globalization globalisation self-regulation lobbyist lobby Lobbying regulation regulators Workers Union insecurity uncertainty
september 2015 by asterisk2a

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Paul Mason: what they aren't telling you about work - YouTube

hollowing out // automation - vs - skill & problem solving (figuring out how to automate/put something together/create new) - vs - end of the chain work (low end, manual, repetitive, service...) // within the next 20 years, 47% of jobs in developed world could be replaced by robots/automation/machines // Future of Work is about problem solving, not putting (end of the chain) things together. figuring out the new, making the new, making something better, more efficient, faster, better quality, ... // and as it stands now, those who reap the rewards will be few. and gov policy, ie tax evasion, tax avoidance, tax code, fairness, --- gains have to be shared.

squeezed middle class White-collar Worker Blue-collar Worker manual labour labour market job creation skill-biased technological change practical skill set practical skills skill gap capital skills skills gap automation Robotics working poor Software Is Eating The World 3D printing Manufacturing industrial policy UK USA Europe developed western Future of Work knowledge economy Problem Solving Mobile Creatives Mobile Creative domain knowledge knowledge algorithm precarious Zero Hour Contract Contractor self-employment insecurity job security technological progress STEM Makers protectionism Research Revolution 2.0 Revolution Universal Basic Income tax credit tax free economics of abundance marginal cost renewable energy Marketplace destruction creator innovator innovation entrepreneurial entrepreneurship entrepreneur Precariat Share post-capitalism Super Rich 1% inequality mobility social mobility rapid change generational change tax code capital gains tax growth wage stagnation secular stagnation productivity output gap shared economic interest Wall Street exploitation shareholder value profit maximisation fairness Generationengerechtigkeit Gesellschaft identity status status social status social an
august 2015 by asterisk2a

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Jobseeking Surrounded By Fictions, Myths And Convenient Narratives | Welfare Weekly

It is worth remembering that the origin of the social welfare payments by the state was to stop these kinds of moral judgements being made about a deserving and an undeserving poor. The state officially supports the stereotype of sympathy for the ‘deserving poor’ and scorn for the near criminality on the part of ‘scroungers’. [...] unemployed people are forced to drink this [Tories] cool-aid or face destitution. [...] Underlying all this is the deeper fiction that individuals are responsible for their own state of unemployment. [...] There is a broader change in the world of work, - neo-liberalism - whereby the rules developed at the height of the industrial revolution are now fully circumvented by employers [...] transfer the risk and responsibility around labour from the organisation (and state - ie keeping national workforce competitive through various means of education) to the individual. [...] leading 2 lowest common denominator regulation. [short-term, price fight, dereg]

DWP Iain Duncan Smith George Osborne David Cameron PR spin doctor welfare state austerity benefits JSA ESA manufactured consent populism propaganda dogma ideology Career Politicians No Representation Public Services Social Services unemployment vulnerable Disabled child poverty poverty trap poverty food poverty tax credit child tax credit working tax credit minimum wage living wage budget2015 sanctions UK job market labour market precarious work Zero Hour Contract Contractor Sozialer Abstieg squeezed middle class self-employment mobility downward mobility income mobility Gini coefficient education policy vocational education professional education corporate media corporate state neoliberalism neoliberal freelancing freelance Gig Economy insecurity underemployed structural unemployment participation rate long-term unemployment youth unemployment employability employabilitie employment recovery Service Sector Jobs Niedriglohnsektor manual labour job creation job security on job training Trainee apprenticeships Toff Privileged Establishment minority exploitation Student Maintenance Grant Maintenance Allowance mature economic history trickle-down economics part-time corporate tax rate tax evasion tax avoidance fairness tax income tax Generationeng
august 2015 by asterisk2a

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#mediabuzz | Howard Kurtz | Fox News

Amazon a cyber-sweatshop? SARAH LACY praised the New York Times reporting on Amazon: "When you freak out the tech world, you're a powerful news organization." // "brutally efficient" 'white and blue collar jobs being exposed to the same treatment manual work and service sector jobs have been treated by competition and globalisation (flat and borderless world), for the last +30 years. "it's what you don't say and how it gets interpreted down the line." // Investigative Journalism! NYT (paper), a institution, a stalwart of investigative journalism, reporting, holding companies and people accountable, .... same along the line of bit.ly/1NRsG5N - One overlooked theme emerging from the Times’s Amazon story is the power of the paper itself. // this story underlines, is a data point in time, you can look back on. and say the world went this way such and such // competing on price is the easiest thing to do! the first thing in reach! its about the hard things that actually leverage/multiplier

Amazon Apple journalismus investigative journalism journalism NYT NYTimes New York Times Blue-collar Worker White-collar Worker knowledge economy knowledge Future of Work Mobile Creatives Mobile Creative career ladder career advice well being environment life balance Silicon Valley commodity business commoditization Service Sector Jobs working poor precarious squeezed middle class Sozialer Abstieg competitive competitiveness Workers Union Sarah Lacy Jeff Bezos corporate culture corporate values quantified self accountability oversight democracy corporate media Seth Godin Purple Cow being remarkable Zero Hour Contract Contractor self-employment marketplace efficiencies 1099 Gig freelancing freelance labour market manual labour Niedriglohnsektor Precariat Leiharbeit lohndumping Lohnzurückhaltung Zeitarbeit economic history trickle-down economics neoliberalism neoliberal job market job creation short-term thinking
august 2015 by asterisk2a

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The great Uber fairness fallacy: as a driver, how do you bargain with an app? | Technology | The Guardian

Businesses have been shedding their identity as employers for at least 30 years, profiting from the work performed by ‘independent contractors’ without the cost, risk or aggravation of actually dealing with employees

Uber eBay Marketplace middleman capitalism Software Is Eating The World outsourcing 1099 Economy freelance Zero Hour Contract Contractor Temp Agency Leiharbeit Zeitarbeit Gig Economy freelancing part-time labour market job creation job market job security insecurity labour economics operations cost center overhead profit maximisation shareholder value Wall Street crony capitalism manual labour Service Sector Jobs Niedriglohnsektor
august 2015 by asterisk2a

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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.

Amazon Silicon Valley corporate culture corporate values HR human resources squeezed middle class Sozialer Abstieg White-collar Worker Blue-collar Worker working poor precarious work class warfare USA UK competitive competitiveness competition neoliberalism neoliberal perks benefits Europe globalization globalisation borderless Software Is Eating The World automation Robotics flat self-employment freelance freelancing Zero Hour Contract Contractor Service Sector Jobs manual labour job market labour economics labour market western secular stagnation economic history differentiate differentiation Seth Godin career ladder career advice being remarkable Purple Cow Future of Mobile Creatives Mobile Creative destruction capitalism crony capitalism Wall Street profit maximisation shareholder value Jeff Bezos monopsony monopoly deflationary deflation wage stagnation trickle-down economics Thomas Piketty book Universal Basic Income tax code Super Rich 1% inequality inequality Gini coefficient tax capital gains tax capital gains technological progress skill-biased technological change technological history augmented intelligence living standard standard of living cost of living living wage
august 2015 by asterisk2a

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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

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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

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Alan Greenspan: Oil Price Hasn’t Hit Bottom Yet - YouTube

>> capital investment falls short of requirement to keep productivity growing. employment has been rising, but consumption falling. job creation mainly in services! multiplier (disposable income, discretionary spending) low. no net job creator. // &! inequality hurts economy! tax code! entitlements can not be proficiently funded under current tax code inequality // USA hat sich abgeschafft. und UK ist nicht weit weg. // economic health and balance.

productivity output gap USA 2015 recovery Service Sector Jobs job creation job market labour economics labour market manual labour productive investment capital investment Richard Koo fiscal policy fiscal stimulus STEM Gini coefficient social mobility income mobility downward mobility tax code tax reform crony capitalism GFC lost generation lost decade bank bailout lobbyist lobby Lobbying tax evasion tax avoidance capital gains income tax public investment business investment underinvestment infrastructure investment
august 2015 by asterisk2a

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Robert Reich: America is a nation of Amazons - Salon.com

before we celebrate the dawn of a new era, keep two basic truths in mind. First, these new policies apply only to a tiny group considered “talent” – highly educated and in high demand. They’re getting whatever perks firms can throw at them in order to recruit and keep them. “Netflix’s continued success hinges on us competing for and keeping the most talented individuals in their field,” writes Tawni Cranz, Netflix’s chief talent officer. [...] the vast majority of American workers – considered easily replaceable. Employers treat replaceable workers as costs to be cut, not as assets to be developed. Replaceable workers almost never get paid family leave, they get a few paid sick days, and barely any vacation time. [ three tier economy, those that are replacable, those who are somewhat not, and those who you can't easily replace - the 1% - reflective of CEO pay in parts ]

Amazon HR human resources hiring Contractor Zero Hour Contract working poor precarious work squeezed middle class parental leave paid leave USA UK Europe neoliberalism neoliberal crony capitalism capitalism human capital war for talent profit maximisation shareholder value Service Sector Jobs Niedriglohnsektor Services Industry economy manual labour Robotics automation Software Is Eating The World Mobile Creatives Mobile Creative career advice career ladder Universal Basic Income tax free perks benefits corporate culture corporate values CEO pay inequality inequality social mobility mobility poverty trap capital gains tax tax credit welfare state subsidies subsidizing Workers Union social safety net
august 2015 by asterisk2a

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Ausgeliefert! Leiharbeiter bei Amazon | Reportage & Dokumentation | ARD - YouTube

"Moderner Sklavenhandel." // and Zalando is not better - youtu.be/1vU1uf3b-OQ // corporate state - via - subsidies - ... keeping Germany competitive.

Amazon Leiharbeit Zeitarbeit Germany Service Sector Jobs automation Robotics Software Is Eating The World manual labour Soziale Marktwirtschaft Workers Union crony capitalism capitalism exploitation on-demand lohndumping Lohnzurückhaltung Niedriglohn Niedriglohnsektor minimum wage living wage working poor precarious work Jeff Bezos shareholder value profit maximisation zombie consumer materialism consumerist consumerism consumer choice
august 2015 by asterisk2a

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Immigrants Don’t Steal Jobs by Slate's The Gist

high skill immigration adds to economy. low skill adds to economy - if - they are put into higher education and start to add after a handful of years to the economy in a added value job, not service sector job. // Debunking the Myth of the Job-Stealing Immigrant for the New York Times Magazine. // marginal downside effects. no sudden shocks because of migration. // immigration should be supplement to existing ('native') workers. - even low skilled workers are complement, to the skilled worker/economy. // net benefit to federal economy (taxes), net cost to local economy - integrating immigrants.

immigrants immigration Asylbewerber Asylum UK USA Europe Germany Ausländerfeindlichkeit 2015 demographic bubble premature ageing ageing population Japan academia academics policy folly policy error integration Integrationspolitik Leadership society competitive competitiveness competitive advantage manual labour Service Sector Jobs Niedriglohnsektor capital skills skill-biased technological change skills gap practical skill set practical skills job market job creation labour economics labour market social mobility income mobility vocational education professional education apprenticeships Makers Angela Merkel Wolfgang Schäuble Career Politicians No Representation social contract Gesellschaft Zivilgesellschaft flat world borderless globalisation globalization industrial policy microeconomic policy competition China economic history
august 2015 by asterisk2a

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The exploitation of migrants has become our way of life | Felicity Lawrence | Comment is free | The Guardian

The British right pretends to be tough on immigration but promotes a business model that depends on it

UK immigrants immigration working poor manual labour minimum wage precarious work job market
august 2015 by asterisk2a

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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

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