asterisk2a + middle + job   121

BREAKING First Interview: Bernie Sanders On Donald Trump Winning the Election - Nov 10th 2016 - YouTube
minimum wage, gender wage gap, infrastructure, trade deals, ... tax evasion & avoidance! - will he tackle it? // don't take anger out on minorities and poor (help by language of government, ie deserving poor and undeserving poor) - what the tories did successfully.
DonaldTrump  Donald  Trump  presidency  Super  Rich  1%  10%  20%  Plutocracy  tax  evasion  avoidance  minimum  wage  working  poor  productivity  output  gap  value  creation  added  job  education  policy  squeezed  middle  class  GFC  bank  bailout  poverty  Demagogue  Populism  Racism  Bernie  Sanders  UK  underinvestment  underemployed  underemployment  Manufacturing  technological  unemployment  inequality  income  growth  gini  Coefficient 
november 2016 by asterisk2a
Atul Singh: "The Global Rise of the Far Right" | Talks at Google - YouTube
people have to come to expect XYZ, but never materialised. literally // communities locally (suburb aspiration) have been broken down by consumerism materialism and 24/7 work / work being identity // & no certainty. thus you hang onto anyone who promises you past certainty, salvation, promised age. continuity in age of uncertainty and volatility. don't know if you have job next month. and gives you promises you collective identity. thus seeking authoritarian father figure. // & have to address - future (certainty, moral purpose), identity, inequality.
Donald  Trump  far-right  right-wing  inequality  gini  Coefficient  social  mobility  AfD  UKIP  Brexit  Germany  UK  USA  Rechtsruck  Rechtsextremismus  technocracy  Identity  Politics  Centrists  squeezed  middle  class  economic  history  Precariat  OECD  income  Consumerism  materialism  status  anxiety  career  Politicians  no  Representation  Toff  Privileged  Establishment  European  Union  job  insecurity  Zero  Hour  Work  Sociology  Psychology 
august 2016 by asterisk2a
A hard truth for Leave voters: Brexit means big government
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
globalisation  globalization  squeezed  middle  class  Precariat  working  poor  job  security  job  insecurity  self-employment  neoliberal  neoliberalism  liberal  economic  reform  Agenda  2010  Zero  Hour  Contract  OECD  BRIC  USA  UK  Germany  France  economic  history  capitalism  capitalism  in  crisis  protectionism  Brexit  exploitation  crony  capitalism  tax  evasion  tax  avoidance  immigration  migration  Philip  Hammond  austerity  Workers  Union  Workers  Rights  Trade  Union  Theresa  May  Conservative  Party  nasty  Tories  budget  deficit  neoclassical  economics  Chicago  School  deflation  deflationary  aggregate  demand  aggregate  demand  short-fall  Richard  Koo  free  free  agreement  underinvestment  business  confidence  productivity  productivity  gap  productive  investment  output  output  gap  technological  unemployment  skills  economy  skills  gap  skill  gap  industrial  policy  Manufacturing 
july 2016 by asterisk2a
The politics of anger | The Economist
When Margaret Thatcher was prime minister, amid the triumph of Soviet collapse, an aide slipped Mr Fukuyama’s essay on history into her papers. The next morning she declared herself unimpressed. Never take history for granted, she said. Never let up. For liberals today that must be the rallying cry. //&! https://soundcloud.com/theeconomist/tasting-menu-audio-highlights-from-the-july-2nd-2016-edition //&! https://www.project-syndicate.org/commentary/the-politics-of-anger-by-dani-rodrik-2016-03?barrier=true - History never quite repeats itself, but its lessons are important nonetheless. We should recall that the first era of globalization, which reached its peak in the decades before World War I, eventually produced an even more severe political backlash.
Brexit  austerity  squeezed  middle  class  Chicago  School  economic  history  Precariat  working  poor  globalisation  globalization  unemployment  immigration  western  world  secular  stagnation  bank  bailout  GFC  recovery  tax  evasion  tax  avoidance  UK  USA  European  Union  AfD  UKIP  Front  National  Germany  France  Centrist  Career  Politicians  politician  welfare  state  far-right  right-wing  Nationalism  Nationalismus  Polarisation  demagogue  demagogy  fear  mongering  uncertainty  job  security  job  insecurity  poverty  child  poverty  Gini  coefficient  social  mobility  income  mobility  inequality  income  distribution 
july 2016 by asterisk2a
Gesellschaft ǀ Orlando, Symbol des Scheiterns — der Freitag
Das Scheitern der „Gesellschaft“. Wir sollten uns selbst fragen, wie es möglich ist, dass es in modernen, offenen Gesellschaften, für manche Menschen nötig ist, Halt in extremistischen, menschenverachtenden Ideologien zu suchen. Ich beziehe das nicht nur auf „Islamisten“ oder religiöse Fanatiker. Wir müssen uns doch auch fragen, wie es sein kann, dass selbst Menschen, die in unserem Land geboren wurden, dazu kommen, diese Gesellschaft rigoros abzulehnen. Wie kommen diese Menschen dazu, dieses Land, unsere Verfassung, die ihnen garantiert, ihre Meinung sagen zu können und frei zu leben, zu bekämpfen? //&! Cenk Uygur, host of The Young Turks - youtu.be/36QWM_JL-lA
LGBT  LGBTQIASP  Gesellschaft  Gesellschaftswerte  Zivilgesellschaft  Zivilcourage  society  western  world  disenfranchise  disenfranchised  inequality  trust  Politics  class  warfare  radicalisation  radicalization  radicalism  extremism  Islamophobia  Islamophobic  Sharia  Law  Islamic  Law  Islam  Muslim  Islamic  Fundamentalism  Islamic  Fundamentalist  extremism  radicalism  ISIS  Taliban  al-Qaeda  al-Qaida  Middle  East  Career  Politicians  neoliberal  neoliberalism  insecure  insecurity  youth  unemployment  job  insecurity  Precariat  far-right  far-right  right-wing  right-wing  extremism  neoconservatism  neoconservatives  working  poor  social  mobility  income  mobility  racism  post-racial  America  discrimination 
june 2016 by asterisk2a
Martin Lewis conforonts Osborne over his living wage con
companies cut back on perks, lunch breaks, and paid overtime arrangements. or change work arrangement; change to being self-employed contractor. //&! As predicted Osborne's national living wage is a con - youtu.be/MQfEWTN5hR4 - cut of overtime and weekend pay bonus. - ALSO THERE COMES AGE DISCRIMINATION. BECAUSE starts not for students!/<25years old! //&! bbc.co.uk/news/business-36082247 - Osborne warns firms not to cut perks on back of National Living Wage
living  wage  self-regulation  working  poor  Greed  profit  maximisation  profit  maximization  George  Osborne  Iain  Duncan  Smith  budget2015  minimum  wage  low  pay  low  income  self-employment  Contractor  Zero  Hour  Contract  HMRC  income  tax  receipts  Precariat  precarious  employment  precarious  work  tax  credit  poverty  working  tax  credit  working  condition  working  class  squeezed  middle  class  Trade  Union  Workers  Union  Service  Sector  Jobs  job  creation  shareholder  capitalism  crony  capitalism  regulation  regulators  capitalism  shareholder  value  productivity  output  gap 
april 2016 by asterisk2a
Revolutionary politics in the UK
// yanis is liberal marxist // &! Will John McDonnell's fiscal rules work for Labour? Paul Mason Vs John Rentoul - youtu.be/0EISho5eSUc - OBR econometrics dictated by Treasury, George Osborne w wonky multipliers that don't fit w IMF models. IMF calls for fiscal stimulus! since late 2015 because China's credit bubble popped and global economy started to head south.
Yanis  Varoufakis  Paul  Mason  Labour  Party  Jeremy  Corbyn  Bernie  Sanders  Marxism  democracy  No  Representation  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  amnesty  tax  avoidance  Soziale  Marktwirtschaft  fairness  Social  Justice  economic  bank  bailout  GFC  austerity  Generationengerechtigkeit  revolving  door  lobby  Greed  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  Wall  Street  Main  Street  squeezed  middle  class  working  poor  Precariat  poverty  trap  economic  history  UK  globalisation  globalization  global  economy  self-regulation  deregulation  regulation  regulators  secular  stagnation  trickle-down  economics  free  market  exploitation  liberal  economic  reform  self-employment  job  security  job  insecurity  Zero  Hour  Contract  antitrust  winner  take  all  gini  coefficient  inequality  deprivation  poverty  John  McDonnell  austerity  aggregate  demand  Richard  Koo  Joseph  Stiglitz  Schuldenbremse  Fiscal  Pact  economic  history  neoliberal  neoliberalism  OBR  Chicago  School  neoclassical  economics  infrastructure  investment  liquidity  trap 
april 2016 by asterisk2a
A!104 – Panama Freaks
58:26 - spin doctor and positioning, PR. // es ist ja bekannt das intendanten des fernsehen mal einen anruf bekommen und es richtig stellen sollen, so wie inter BPK: illegal eingewanderte fluechtlinge. was ein oxymoron. ein fluechtling zu sein ist keine illegale sache! // + 10.000 kids missing! // 1:45:54 - Panama Papers. Journalists have for years papers. And don't use them to shine light on the organised system in the western world of tax evasion/avoidance! Wie fatal.
Panama  Papers  investigative  journalism  journalism  journalismus  tax  evasion  tax  amnesty  tax  avoidance  Turkey  International  spin  doctor  Positioning  PR  manufactured  consent  corporate  media  BPK  refugee  crisis  Greece  Brussels  Rechtsradikalismus  Rechtsextremismus  Rechtsradikale  Gewalt  Rechtsruck  Germany  Angela  Merkel  Asylbewerber  Völkerrecht  European  Union  Schengen  Agreement  political  refugee  war  refugee  Human  Rights  Act  Human  Rights  Watch  Human  Trafficking  sex  condition  decency  dignity  humanitarian  crisis  humanitarian  tragedy  Erdogan  Kurds  Middle  East  sex  trade  tax  loopholes  tax  loopoles  Career  Politicians  AfD  NPD  Agenda  2010  ALG2  neoliberal  neoliberalism  liberal  economic  reform  hartz-iv  squeezed  class  job  insecurity  working  poor  Precariat  Zeitarbeit  Leiharbeit  Minijob  1  Euro  Aufstocker  low  pay  low  income  minimum  wage  Soziale  Marktwirtschaft  bank  bailout  sovereign  debt  crisis  austerity  Fiscal  Pact  Schuldenbremse  recovery  GFC  economic  history  Super  Rich  1%  oligarchy  plutocracy  European  Election  2014  rechtsradikal  Fremdenfeindlichkeit  Ausländerfeindlichkeit  Xenophobia  Xenophobic  PEGIDA  Altersarmut  poverty  poverty  trap  poverty  in  old  age  poverty  c 
april 2016 by asterisk2a
IMF urges more spending to boost growth
Fund’s steering committee calls for more forceful stimulus and warns monetary policy alone is not enough //&! http://www.theguardian.com/business/imf //&! bit.ly/1V9pfhD - IMF chief: regulators long 'alarmed' over Panama's handling of taxation. Christine Lagarde responds to Panama Papers revelations, noting that authorities were concerned but did not take ‘expected’ action.
secular  stagnation  Panama  Papers  tax  evasion  tax  amnesty  tax  avoidance  corporate  tax  rate  labour  market  job  market  Service  Sector  Jobs  income  tax  receipts  budget2016  George  Osborne  David  Cameron  general  election  2015  general  election  2020  election  campaign  promises  Party  Funding  Richard  Koo  Confidence  Fairy  austerity  underinvestment  Generationengerechtigkeit  triple-lock  pension  fairness  Generation  Rent  Housing  Crisis  property  bubble  USA  UK  reflation  reflate  fiscal  policy  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  GFC  sovereign  debt  banking  bank  bailout  job  creation  squeezed  middle  class  working  poor  disposable  income  discretionary  spending  IMF  OECD  credit  bubble  China  BRIC  recovery  Germany  economic  history  2016  Niall  Ferguson  budget  deficit  offshore  banking  investment  banking  TBTF  self-regulation  Greed  crony  capitalism  shareholder  capitalism  globalisation  globalization  global  economy  Oil  price  commodity  prices  ChristineLagarde  inequality  Gini  coefficient  income  mobility  social  mobility  low  pay  low  income  tax  credit  child  poverty  food  poverty  health  care  cost  health  care  demand  western  world  European  Union  Brussels  Brexit  Grexit  sick  population  health  economic  Union  Union  investment  policy  fiscal  me 
april 2016 by asterisk2a
Capitalism and Mental Health: How the Market Makes Us Sick
POVERTY TRAP! // we were never as miserable as a nation as ever before.
profit  maximisation  profit  maximization  underinvestment  austerity  shareholder  capitalism  capitalism  in  crisis  capitalism  capitalist  working  poor  Precariat  squeezed  middle  class  status  anxiety  materialism  consumerism  consumerist  well  being  mental  health  burnout  work  life  balance  exploitation  exploited  part-time  part-time  employment  Contractor  self-employment  Soziale  Marktwirtschaft  cortisol  poverty  trap  poverty  child  poverty  low  pay  low  income  shareholder  value  Wall  Street  disposable  income  discretionary  spending  Robert  Skidelsky  Slavoj  Žižek  Disabled  vulnerable  DWP  WCA  Iain  Duncan  Smith  Stephen  Crabb  George  Osborne  David  Cameron  public  health  public  health  policy  public  health  risk  liberal  economic  reform  neoliberal  neoliberalism  JSA  sanctions  Food  Bank  self-medication  substance  abuse  abuse  alcohol  abuse  alcoholism  binge  drinking  coping  mechanism  GP  health  care  cost  health  care  demand  NHS  homeless  homelessness  Housing  Generation  Rent  UK  USA  precarious  work  precarious  employment  isolation  child  protection  education  policy  Self-esteem  sociology  psychology  Wertegesellschaft  Gesellschaft  values  Gentrified  Gentrifzierung  gentrification  Beton  Gold  Betongold  urban  planning  urbanisation  rat  capitalism  class  economic 
april 2016 by asterisk2a
What Happens Next (In Europe)?
the odds of another crisis are higher than a rally to fresh records. [...]
“The 2009-2015 rally originated from two main drivers: a massive stimulus, and credit expansion in China,” said Goette, who’s a partner at his firm in Zug, Switzerland and helps oversee 1 billion Swiss francs ($1 billion).

“European earnings have not followed suit so far. Skepticism regarding central-bank operations has started to emerge.”
ECB  Brussels  recovery  reflate  reflation  China  credit  bubble  Germany  PIGS  zombie  banks  European  Bank  Supervision  European  Economic  Area  European  Election  2014  working  poor  squeezed  middle  class  Soziale  Marktwirtschaft  MarioDraghi  OMT  LTRO  monetary  policy  monetary  stimulus  Fiscal  Pact  Schuldenbremse  sovereign  debt  crisis  France  Brexit  Grexit  Angela  Merkel  Wolfgang  Schäuble  history  underinvestment  Richard  Koo  Yanis  Varoufakis  liquidity  trap  zombie  corporations  youth  unemployment  demographic  bubble  OAP  discretionary  spending  disposable  income  liberal  reform  Precariat  precarious  employment  low  pay  low  income  Minijob  Zeitarbeit  Leiharbeit  1  Euro  Job  Structural  Impediments  imbalance  unemployment  monetary  transmission  mechanism  monetary  union  union  Rechtsruck  Bundesbank  fault  lines  shareholder  capitalism  bailout  GFC  2016  PBOC  Exportweltmeister  zombie  Financial  Stability  Board  crony  capitalism  Deutsche  Bank  infrastructure  investment  competitiveness  Beton  Gold  Betongold  asset  allocation  Super  Rich  1%  oligarchy  plutocracy  democracy  tax  evasion  tax  avoidance  Wall  Street  shareholder  value  profit  maximisation  profit  maximization  Russia  Crimea  Ukraine  U 
april 2016 by asterisk2a
British households doing less cleaning, DIY and gardening, says ONS
[80% of 2015 GDP growth was consumer related][home improvement is bell weather signal] [...] Over the past decade British waistlines have expanded with obesity reaching crisis levels. Yet the ONS estimates that, in the home at least, the number of calories consumed has been falling. [...] Another significant change is the value put on “transport services” provided by households. This week record car sales were reported, jumping to more than 500,000 in March alone, yet the number of miles driven by households – to go to work or the shops, collecting children from school, etc – remains significantly below the levels recorded a decade ago. [...] It attributed the fall to petrol costs and pressure on household budgets after the financial crash. [...] . Time spent on DIY is down the most – by 20% since 2005. ...
recovery  disposable  income  discretionary  spending  DIY  homeownership  UK  property  bubble  Housing  Crisis  Generation  Rent  squeezed  middle  class  consumer  debt  household  debt  credit  card  debt  car  loan  ZIRP  NIRP  QE  mortgage  market  distortion  credit  payment  working  poor  low  pay  low  income  job  insecurity  private  debt  consumer  spending 
april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
UK  USA  job  creation  Manufacturing  industrial  policy  competitiveness  competitive  Service  Sector  Jobs  minimum  wage  low  pay  low  income  productivity  productivity  gap  recovery  economic  history  budget  deficit  income  tax  receipts  IRS  HMRC  trade  deficit  current  account  deficit  precarious  work  Precariat  squeezed  middle  class  job  loss  job  security  job  insecurity  working  poor  Contractor  Zero  Hour  Contract  Budget2016  George  Osborne  STEM  skills  gap  apprenticeships  2015  2016  China  BRIC  global  economy  global  trade  globalisation  globalization  outsourcing  self-employment  tax  free  income  tax  credit  social  safety  net  welfare  state  output  gap  participation  rate  babyboomers  western  world  secular  stagnation  Support  income  growth  wage  stagnation  disposable  income  discretionary  spending  household  debt  consumer  debt  credit  card  debt  car  loan  student  debt  Generation  Rent  Generationengerechtigkeit  tax  evasion  tax  avoidance  tax  amnesty  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  Wall  Street  shareholder  value  multiplier-effect  austerity 
april 2016 by asterisk2a
Discussing the IMF’s research on inequality - an interview with Andrew Berg
Inequality and Unsustainable Growth (2011) - imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf - what are the determinants of sustained growth (answer a middle class). phases of growth. institutional governance (tax evasion and tax avoidance). lobby, revolving door, no representation, career politicians. [...] redistribution should have win-win effect. //&! Richard Wilkinson: How economic inequality harms societies - youtu.be/cZ7LzE3u7Bw - national income per head (average) is not reflective (correlates) for health and child well-being measures, social capital (volunteering, Tories Big Society), mental health, prison population, social mobility. that is why Tories redefined fuel poverty & child poverty! That is why nominal GDP targeting is double edge sword (tax evasion and average national income per head, and being dependent on a industry for GDP (ie Brazil and resources, or south UK and banking - 80% of 2015 growth was consumtion). Leads to status anxiety & materialism/
inequality  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  squeezed  middle  class  working  poor  CEO  pay  shareholder  capitalism  IMF  western  world  Super  Rich  1%  plutocracy  oligarchy  discretionary  spending  disposable  income  Generation  Rent  poverty  poverty  trap  meritocracy  meritocratic  income  distribution  American  Dream  child  poverty  Thomas  Piketty  income  growth  income  inequality  income  mobility  Gini  coefficient  social  mobility  income  redistribution  Universal  Basic  tax  credit  tax  free  income  tax  evasion  tax  amnesty  tax  avoidance  HMRC  Political  Governance  Career  Politicians  revolving  door  Lobbying  lobby  lobbyist  No  Representation  Niall  Ferguson  secular  stagnation  Elizabeth  Warren  Precariat  job  insecurity  welfare  state  social  safety  net  nominal  GDP  targeting  WHO  consumerism  materialism  status  anxiety  values  social  status  self-esteem  mental  health  well  being  GNP 
april 2016 by asterisk2a
Budget 2016: Four key numbers - BBC Newsnight
weaker outlook for income tax receipts & economy/global economy >> OBR has done 'no projections' on impact of Brexit: Robert Chote - BBC Newsnight - youtu.be/A0jvIUKTU1U //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw - "WE HAD THE BIGGEST BANK BAILOUT" //&! NICKY MORGAN ON TORY WELFARE ROW - BBC Newsnight - youtu.be/IC_Yhggk62o
Budget2016  OBR  secular  stagnation  income  tax  receipts  productivity  gap  recovery  economic  history  Richard  Koo  Brexit  Schuldenbremse  Fiscal  Pact  general  election  2020  austerity  underinvestment  business  confidence  job  creation  Service  Sector  Jobs  low  pay  low  income  working  poor  tax  credit  Zero  Hour  Contract  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK  fairness  Generationengerechtigkeit  pension  obligation  triple-lock  pension  bank  bailout  trickle-down  economics  dogma  ideology  Richard  Koo  Privatisation  free  market  demographic  bubble  poverty  child  poverty  food  poverty  ESA  Disabled  vulnerable  DLA  PIP  DWP  Iain  Duncan  Smith  sanctions  JSA  social  housing  affordable  housing  Crisis  property  bubble  welfare  state  welfare  reform  Universal  housing  benefit  social  safety  net 
march 2016 by asterisk2a
Angestellte bei Airbnb und Uber: "Diese Jobs schaffen ein neues Prekariat"
AirbnB und andere Firmen tun so, als hätten sie eine soziale Mission. Doch laut dem Buchautor Tom Slee beuten sie ihre Angestellten schlimmer aus als herkömmliche Firmen - und begünstigen totale Überwachung. // SPIEGEL: Es gibt Ökonomen, die sehen in diesen neuen Jobs auch eine Chance.

Slee: Diese Jobs schaffen ein neues Prekariat. Die dahinterstehenden Plattformen tarnen sich als Innovation, bauen aber auf unbegrenzte Verfügbarkeit und darauf, Arbeitsgesetze auszuhebeln und alles Risiko den Kleinunternehmern aufzuhalsen. [...] SPIEGEL: Uber und Co gerieren sich oft als Plattformen für freie Miniunternehmer. Sind sie das wirklich?

Slee: Die Leute sind scheinselbstständig, oft werden sie wie Angestellte behandelt. Tatsächlich haben sie etwa die Pflicht, 90 Prozent der angeforderten Fahrten anzunehmen, sonst werden sie gefeuert.
Share  Economy  sharing  Uber  for  X  Uber  Lyft  AirBnB  Book  on-demand  mobile  homescreen  ondemand  convenience  convenience  Service  Sector  Jobs  Precariat  precarious  employment  precarious  work  Contractor  part-time  part-time  employment  Zero  Hour  Contract  1099  Economy  Gig  Economy  neoliberal  neoliberalism  tax  credit  low  pay  low  income  self-employment  labour  market  job  insecurity  job  security  job  market  secular  stagnation  squeezed  middle  class  working  poor  marketplace  efficiencies  TaskRabbit  minimum  wage  TOS  employment  EULA 
march 2016 by asterisk2a
As unicorn startups send customer service gigs to the hinterland, is Silicon Valley exporting its prosperity, or just dead-end jobs?
In the end, only a couple of the San Francisco Lyft staffers decided to go to Nashville. Some scrambled to find new jobs in the company, and the rest got severance and left. Six months later, two people I talked to are still looking for jobs, in a city that boasts a 3.4 percent unemployment rate. “I feel a little burned by this experience,” said one. “There’s just this understanding that if you work for customer service in the tech world you’re not valued. Those are soft skills, and associated with women, they’re not super valued.” [...] With their skills deemed better suited to Nashville, Lyft’s workers can’t help but internalize another message about whether they belong in increasingly Darwinian San Francisco. “It doesn’t make any fucking sense to live in one of the most expensive areas in the country and work in nonprofit development,” one told me.
Another customer service worker I’d talked to from a big software company decided that if she wanted to stick around the Bay Area, it was time to teach herself to code.
Service  Sector  Jobs  low  pay  working  poor  low  income  precarious  work  squeezed  middle  class  job  creation  job  market  job  insecurity  job  security  Silicon  Valley  part-time  Contractor  outsourcing  self-employment  customer  runway  operating  margin  cost  center  cost  of  living  standard  of  living  costcutting  tax  credit  Precariat  precarious  employment  career  ladder  career  advice  IT  Industry  labour  market 
march 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
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march 2016 by asterisk2a
Budget 2016: the productivity and prosperity puzzle
It wasn't so much "here's a rabbit from the hat" but more: "look over there - a squirrel!" [...] [Productivity] turned out disappointingly again. And that's knocked back the growth estimates for the economy, as well as for pay, for tax revenue, and for company profits over the rest of the decade.
Britain's not alone in that. But keeping company with the USA on such numbers is not that reassuring. [...] And as that is the main, long-term driver of real pay, it means Britain's standard of living will improve from the recession, but at only two thirds of the rate we've come to expect. [ Recovery ] average year saw only 0.1% per year.
budget2016  OBR  forecast  secular  stagnation  austerity  George  Osborne  Brexit  general  election  2020  Tories  nasty  party  Conservative  Positioning  constituency  Funding  Toff  Career  Politicians  Establishment  Privileged  PIP  tax  code  HMRC  tax  evasion  tax  avoidance  industrial  policy  productivity  gap  productivity  output  gap  income  tax  receipts  job  creation  Service  Sector  Jobs  working  poor  tax  credit  low  income  working  tax  credit  low  pay  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK 
march 2016 by asterisk2a
Budget 2016: George Osborne's political balancing act
Like Sherlock Holmes, we must look in this Budget for the dogs that do not bark. Four years out from a general election, this is the time in the political cycle when chancellors can take unpopular decisions. A moment, perhaps, for a big reform to our pensions or taxation. Yet the mood music emerging from the Treasury is distinctly adagio. [...] Genuinely radical plans to overhaul pension tax relief have been put on hold for fear of upsetting middle and higher earners. Proposals to cut the 45p top rate of tax are said to have gone the same way. [...] [OBR] is expected to say that the British economy is smaller than the watchdog had expected it would be when it made that prediction. As such, the Treasury would get less than it had expected in tax revenues.
budget2016  George  Osborne  Brexit  general  election  2020  austerity  Career  Politicians  Tories  nasty  party  Boris  Johnson  Conservative  OBR  secular  stagnation  HMRC  income  tax  receipts  Job  Creation  Service  Sector  Jobs  working  poor  low  pay  low  income  squeezed  middle  class  savings  rate  tax  credit 
march 2016 by asterisk2a
Budget 2016: Osborne's economic fitness regime - BBC News
[2015] 80% OF ECONOMY CONSUMER SPENDING! - The economy has enjoyed what Andrew Goodwin of Oxford Economics describes as a "sugar rush" -the equivalent of a big tax cut - or 'fiscal stimulus' - through lower petrol prices. The economy grew by 2.2% last year; 80% of that growth was down to consumer spending. "That [growth] strikes us as some distance below par given the tailwinds we have had," Mr Goodwin says. And after the sugar rush comes the sugar crash: growth is likely to be revised down in the years to come because of global economic weakness.
budget2016  budget2015  George  Osborne  policy  folly  policy  error  zombie  consumer  consumer  debt  household  debt  credit  card  debt  car  loan  student  debt  ZIRP  NIRP  QE  mortgage  rates  mortgage  market  property  bubble  Oil  price  commodity  prices  aggregate  demand  distortion  underinvestment  IFS  OBR  income  tax  receipts  HMRC  job  creation  Service  Sector  Jobs  working  poor  low  income  low  pay  squeezed  middle  class  Consumerism  Industrial 
march 2016 by asterisk2a
Kommunalwahl in Hessen: Nichtwähler machen AfD stark - SPIEGEL ONLINE
[ symptom ] // Die Rechten sind auf dem Vormarsch. Ihr Erfolg ist auch eine Antwort der Gesellschaft auf eine Krankheit des Kapitalismus, die von den etablierten Parteien ignoriert wird. Und die hat mit den Flüchtlingen nichts zu tun. - bit.ly/1QBo7Ad //&! Banned TED Talk: Nick Hanauer "Rich people don't create jobs" - youtu.be/CKCvf8E7V1g - nobody can afford to buy new stuff. circle of life. customers and businesses. consumer needs to have disposable income //&! Nick Hanauer: Beware, fellow plutocrats, the pitchforks are coming - youtu.be/q2gO4DKVpa8
AfD  No  Representation  democracy  plutocracy  oligarchy  Super  Rich  1%  fairness  Rechtsruck  Rechtsextremismus  UKIP  Europe  Germany  UK  populism  Polarisation  fearmongering  Fear  voter  turnout  Soziale  Marktwirtschaft  Sozialpolitik  Integrationspolitik  refugee  crisis  Agenda  2010  squeezed  middle  class  hartz-iv  working  poor  minimum  wage  ALG2  Aufstocker  Minijob  Leiharbeit  Zeitarbeit  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  lobbyist  lobby  Lobbying  revolving  door  NPD  Angela  Merkel  Gini  coefficient  Altersarmut  poverty  poverty  in  old  age  social  mobility  income  mobility  kalte  Progression  Schuldenbremse  Fiscal  Pact  Wolfgang  Schäuble  GFC  recovery  job  security  insecurity  symptom  crony  capitalism  capitalism  exploitation  wage  stagnation  far-right  right-wing  trickle-down  economics  free  market  neoliberalism  neoliberal  neoconservatism  neoconservatives 
march 2016 by asterisk2a
German Banks Told To Start Hoarding Cash | Zero Hedge
In order to generate artificial economic growth, the ECB wants banks to make as many loans as possible, no matter how stupid or idiotic. They believe that economic growth is simply a function of loans. The more money that’s loaned out, the more the economy will grow. This is the sort of theory that works really well in an economic textbook. But it doesn’t work so well in a history textbook. Cheap money encourages risky behavior. It gives banks an incentive to give ‘no money down’ loans to homeless people with no employment history. It creates bubbles (like the housing bubble from 10 years ago), and ultimately, financial panics (like the banking crisis from 8 years ago). Banks are supposed to be conservative, responsible managers of other people’s money. When central bank policies penalize that practice, bad things tend to happen.
Richard  Koo  aggregate  demand  austerity  fiscal  policy  Pact  Schuldenbremse  economic  history  ZIRP  NIRP  QE  distortion  financial  repression  hunt  for  yield  speculative  bubbles  speculative  speculation  Venture  Capital  Mutual  Fund  Private  Equity  reflate  reflation  recovery  GFC  debtoverhang  liquidity  trap  zombie  banks  deleveraging  Debt  Super  Cycle  secular  stagnation  consumer  wage  stagnation  squeezed  middle  class  disposable  income  discretionary  spending  marginal  propensity  to  consume  tax  evasion  tax  avoidance  oligarchy  plutocracy  Super  Rich  1%  household  car  loan  credit  card  student  loan  student  loan  student  Bubble  generation  rent  OMT  job  creation  Service  Sector  Jobs  working  poor  precarious  work  Precariat  Zero  Hour  Contract  Contractor  Leiharbeit  Zeitarbeit  Agenda  2010  low  pay  low  income  TLTRO  LTRO  monetary  transmission  mechanism  velocity  of  money 
march 2016 by asterisk2a
Over 80% Of Jobs Added In January Were Minimum Wage Earners | Zero Hedge
most of the jobs that were created, if only on a goalseeked, seasonally adjusted basis, were of the lowest paying, worst possible quality as has been the case for the past 7 years as the BLS desperately seeks to "pad" its political mandate of providing proof in a recovery which however is impossible if it were to tell the truth. //&! https://www.reddit.com/r/Economics/comments/48xbro/jobs_report_242000_jobs_added_unemployment_rate/d0njzvb //&! http://www.zerohedge.com/news/2016-03-04/past-year-us-added-360000-waiters-and-only-12000-manufacturing-workers &! http://www.zerohedge.com/news/2016-03-04/president-obama-takes-economic-victory-lap-after-biggest-wage-drop-record
UK  USA  job  creation  Service  Sector  Jobs  minimum  wage  low  pay  low  income  precarious  work  Precariat  BLS  HMRC  DWP  Iain  Duncan  Smith  George  Osborne  David  Cameron  aggregate  demand  Richard  Koo  consumer  debt  household  debt  credit  card  debt  car  loan  secular  stagnation  recovery  GFC  austerity  trickle-down  economics  neoliberalism  neoliberal  living  wage  tax  credit  FOI  Freedom  of  Information  Act  free  market  social  safety  net  welfare  state  housing  benefit  working  poor  economic  history  squeezed  middle  class 
march 2016 by asterisk2a
House of Lords votes to keep income-related child poverty measures | Society | The Guardian
[ trying to redefine poverty! ] Iain Duncan Smith, the work and pensions secretary, announced the proposals in July, prompting dismay among child poverty charities. He said the government would scrap its measurement of child poverty and the aim to eradicate it by 2020, while replacing it with a new duty to report levels of educational attainment, worklessness and addiction. Under his plans, the old measurement, based on the percentage of households with below-average income, would continue to be published as a government statistic but would no longer be seen as a target. However, peers voted by 290 to 198 to keep the targets, in a move to prompt the House of Commons to think again. [...] [ TRICKLE-DOWN! ] David Freud, the welfare minister, opposed the amendment on behalf of the government, saying “life chances” indicators were a better way of monitoring what was happening and of directing resources most effectively to tackle the problem.
Iain  Duncan  Smith  child  poverty  poverty  David  Cameron  George  Osborne  nasty  party  Conservative  Tories  DWP  tax  credit  working  poor  precarious  work  Precariat  education  policy  deprivation  attainment  gap  post  code  lottery  general  election  2015  Manifesto  constituency  Funding  long-term  unemployment  youth  unemployment  structural  unemployment  Toff  Westminster  Whitehall  Establishment  Privileged  ESA  vulnerable  Disabled  disability  No  Representation  austerity  Council  Social  Services  Public  Services  child  tax  credit  working  tax  credit  Zero  Hour  Contract  Contractor  low  pay  low  income  minimum  wage  apprenticeships  trickle-down  economics  neoliberalism  neoliberal  self-employment  Gini  coefficient  mobility  downward  mobility  income  mobility  recovery  job  creation  squeezed  middle  class  secular  stagnation  budget2015  budget2016 
march 2016 by asterisk2a
UK consumes far less than a decade ago – 'peak stuff' or something else? | Business | The Guardian
From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013 [...] UK households have also abandoned buying many resource-intensive goods common in the recent past – such as metal-heavy video recorders and hi-fi systems, vinyl records, CDs and books – as they shift to digital consumption. [...] The figures will spark fresh speculation that Britain and other developed economies have hit ‘peak stuff’, although some critics pour scorn on the quality of the ONS’s environmental accounts. In January, Ikea said the appetite of western consumers for home furnishings had reached its peak and consumption of many familiar goods was at its limit. Household spending on physical goods, including furnishings, clothing, cars and gadgets, decreased between 2002/03 and 2014, [...] Households now spend more on services than physical goods, he said. [...] [ saturation in some markets but we are not living in peak stuff ]
peak  stuff  secular  stagnation  demographic  bubble  zombie  consumer  materialism  status  anxiety  consumerist  consumer  choice  consumerism  sustainability  sustainable  resource  depletion  finite  resources  consumer  debt  marginal  propensity  to  consume  disposable  income  discretionary  spending  household  debt  car  loan  credit  card  debt  student  loan  debt  student  loan  student  debt  StudentLoans  savings  rate  retirement  poverty  in  old  age  poverty  squeezed  middle  class  wage  stagnation  job  creation  low  pay  low  income  Zero  Hour  Contract  Contractor  self-employment  working  poor  precarious  work  Precariat  capitalism  western  world  COP21  carbon  tax  carbonfootprint  carbonemission  sharing  economy  Service  Sector  Jobs  recycling 
february 2016 by asterisk2a
Mervyn King: new financial crisis is 'certain' without reform of banks | Business | The Guardian
The former Bank of England governor says in his new book that imbalances in the global economy makes a crash inevitable [...] GFC was the fault of the financial system, not individual greedy bankers, in his new book, The End Of Alchemy: Money, Banking And The Future Of The Global Economy [...] “Without reform of the financial system, another crisis is certain, and the failure ... to tackle the disequilibrium in the world economy makes it likely that it will come sooner rather than later,” Lord King wrote. [...] global central banks were caught in a “prisoner’s dilemma” - unable to raise interest rates for fear of stifling the economic recovery, the newspaper reported. [... blame] broken financial system. [...] failure of a system, and the ideas that underpinned it, [...] “Only a fundamental rethink of how we, as a society, organise our system of money and banking will prevent a repetition //&! dailym.ai/21tPG5y
bank  crisis  banking  crisis  investment  banking  self-regulation  retail  banking  Greed  financial  product  regulation  regulators  City  of  London  George  Osborne  Mark  Carney  macroprudential  policy  property  bubble  austerity  liquidity  trap  secular  stagnation  job  creation  Service  Sector  Jobs  economic  history  GFC  neoliberalism  neoliberal  trickle-down  economics  free  market  ZIRP  NIRP  QE  faultlines  hot-money  hunt  for  yield  distortion  financial  repression  emerging  middle  class  emerging  market  Frontier  Markets  BRIC  China  Brazil  credit  bubble  2016  reflate  reflation  junk  bond  revolving  debt  household  debt  mortgage  market  consumer  debt  UK  IMF  OECD  credit  card  debt  car  loan  BOE  MervynKing  ECB  Fed  Europe  deflationary  deflation  Gini  coefficient  inequality  MarioDraghi  Taper  QT  bonuses  bonus  global  imbalances  structural  imbalance  Career  Politicians  lobbyist  lobby  Lobbying  revolving  door  New  Normal  speculative  bubbles  Richard  Koo  Fiscal  Pact  Schuldenbremse 
february 2016 by asterisk2a
Whiners vs. Winners: 2 Emerging Millennial Mindsets in the Workplace | Inc.com
- Whatever doesn't kill you makes you stronger. - How successful you are depends on how much s--- you're willing to put up with. [...] Today, the current economic situation is testing Millennials' grit. Unfortunately, some are making critical mistakes that are costing them opportunities for advancement. In other cases, like the woman from Yelp, they're even getting fired.
Millennials  job  creation  Service  Sector  Jobs  customer  Precariat  career  advice  career  ladder  working  poor  life  hacker  life  lesson  Casey  Neistat  minimum  wage  disposable  income  discretionary  spending  squeezed  middle  class  San  Francisco  cost  of  living  American  Dream  meritocracy  meritocratic 
february 2016 by asterisk2a
Five issues that will shape the Northern Powerhouse - BBC News
[ white elephant! lol & the double standard of Google paying 2% tax vs small businesses full 18%+ and not getting investment, R&D loans ] Will Hull thrive or suffer if transport is radically improved to the eastern fringe of the Powerhouse? There's no way of telling. Some people think investment in skills, education and training would be a more certain way of improving productivity - and business leaders are keen to ensure that these key elements are not forgotten in the rush for steel and tarmac. I asked former CBI director-general John Cridland, who is now head of Transport for the North, if there was any certainty that spending billions on infrastructure would improve productivity. He agreed there was no proof, but urged people to take a leap of faith - like the Victorian engineers.
STEM  skills  gap  practical  skills  apprenticeships  underinvestment  productive  investment  Northern  Powerhouse  UK  George  Osborne  David  Cameron  productivity  output  gap  recovery  carbon  tax  renewable  energy  competitiveness  competitive  industrial  policy  Germany  corporate  tax  rate  tax  evasion  tax  avoidance  conglomerate  multinational  HMRC  budget  deficit  dogma  ideology  austerity  squeezed  middle  class  job  creation  Service  Sector  Jobs  added  value  value  creation  economic  history  property  bubble  distortion  HS2  Hinkley  Point  C  HS3  infrastructure  investment  infrastructure  macroeconomic  policy  macroprudential  policy  zombie  banks  BOE  Funding  for  Lending  Scheme  Mark  Carney 
february 2016 by asterisk2a
Full-time work is no bar to poverty in UK, report says | Society | The Guardian
Despite at least one adult working full time, millions of households cannot make ends meet, Joseph Rowntree Foundation reports [...] Millions of households struggle to make ends meet even though they include at least one adult in full-time work, according to a report by the Joseph Rowntree Foundation (JRF). Living standards have declined since 2008 despite the economy’s return to growth, the anti-poverty charity said, warning that families with children are at particular risk of a life in poverty. [...] The MIS is determined by asking members of the public to define what is needed to “live to an adequate level”. The threshold is £16,850 for a single person, £25,600 for a lone parent with one child and £36,060 for a single breadwinner with two children. [...] Approximately 11.6 million people in the UK live below the MIS, [...] An improving economy alone is not guaranteed to reverse this rise.” [...] [ no economic security in this recovery! ]
Service  Sector  Jobs  job  creation  precarious  work  Precariat  minimum  wage  Zero  Hour  Contract  Contractor  UK  poverty  tax  credit  child  poverty  squeezed  middle  class  wage  stagnation  income  growth  low  pay  low  income  disposable  income  discretionary  spending  income  distribution  income  inequality  Gini  coefficient  income  mobility  downward  mobility  social  mobility  income  redistribution  tax  free  income  recovery  austerity  living  standard  quality  of  life  Perspective  Perspektivlosigkeit  deprivation  economic  security  GFC  secular  stagnation  economic  history  inequality  health  inequality  trickle-down  economics  dogma  ideology  neoliberalism  neoliberal  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  DWP  George  Osborne  David  Cameron  Iain  Duncan  Smith  budget  deficit  tax  evasion  tax  avoidance  USA  household  debt  consumer  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  Bubble  child  care  social  safety  net  welfare  state 
february 2016 by asterisk2a
From Ticker - S&P: QE is driving inequality between the generations
Quantitative easing (QE) stabilized the economy but also exacerbated wealth disparity between rich and poor, mainly by boosting financial asset prices and house prices. //&! [ LOW PAY MINIMUM WAGE JOB CREATION ] During the U.K.’s recent “jobs-rich, pay-poor” economic recovery, strong employment gains were accompanied by a further rise of already high wage dispersion and an ever-growing share of part-time employment in lower income groups. //&! In the context of the tight housing market, low interest rates and QE are among the drivers behind the widening wealth and income gap between younger and older generations and between those on the housing ladder and those not on it. //&! Inequality is damaging! // bit.ly/1QtauyZ - Bank of England's recovery policies have increased inequality, finds S&P [...] spending too much on rent, not able to save for deposit! //&! bit.ly/1PPyEYl &! ti.me/1sbBtrz
QE  inequality  reflate  reflation  distortion  recovery  job  creation  Service  Sector  Jobs  UK  USA  fiscal  policy  monetary  policy  monetary  stimulus  unconventional  monetary  policy  Fed  BOE  bank  bailout  zombie  banks  zombie  consumer  zombie  corporations  ZIRP  NIRP  TARP  TLTRO  LTRO  ECB  equity  bubble  asset  bubble  property  bubble  Housing  Crisis  Help  to  Buy  Scheme  Help  to  Save  Right  to  Buy  income  inequality  Gini  coefficient  social  mobility  income  mobility  budget  deficit  austerity  George  Osborne  income  distribution  poverty  trap  tax  credit  low  pay  low  income  squeezed  middle  class  Precariat  Zero  Hour  Contract  Contractor  part-time  Tories  nasty  party  homeless  homelessness  social  affordable  Conservative  Toff  Privileged  Establishment  Funding  discretionary  spending  disposable  income  household  debt  consumer  debt  credit  card  debt  student  loan  debt  student  loan  student  debt  debt  servitude  economic  history 
february 2016 by asterisk2a
What's holding back the world economy? | Business | The Guardian
[ continued financialisation of economy / faustian pact ] QE and low interest rates have disproportionately created wealth in the financial sector and inflated asset bubbles. It has done little for the real economy. The rules of the market need to be rewritten [...] dominant policies during the post-crisis period – fiscal retrenchment and quantitative easing (QE) by major central banks – have offered little support to stimulate household consumption, investment, and growth. On the contrary, they have tended to make matters worse. In the US, quantitative easing did not boost consumption and investment partly because most of the additional liquidity returned to central banks’ coffers in the form of excess reserves. [...] private investment did not grow [...] [ QE supported only financial sector and zombie banks and corporations, little to nothing went into the real economy for investment in western world ] [ which leads us to say we are still in a banking crisis per se ]
Joseph  Stiglitz  secular  stagnation  reflate  reflation  austerity  QE  ZIRP  NIRP  TARP  TLTRO  LTRO  zombie  banks  zombie  corporations  zombie  consumer  Richard  Koo  consumer  debt  household  debt  car  loan  credit  card  debt  Student  Bubble  loan  debt  disposable  income  discretionary  spending  squeezed  middle  class  Precariat  low  pay  low  income  wage  stagnation  income  growth  USA  UK  Europe  western  world  mortgage  market  NPL  debt  servitude  underinvestment  productive  investment  infrastructure  investment  economic  history  policy  folly  policy  error  corporate  welfare  tax  evasion  tax  avoidance  Gini  coefficient  income  distribution  social  mobility  income  mobility  poverty  trap  inequality  recovery  job  creation  Service  Sector  Jobs  distortion  financial  repression  speculative  bubbles  hunt  for  yield  asset  equity  VIX  volatility  Help  to  Buy  Scheme  monetary  policy  liquidity  trap  fiscal  policy  debtoverhang  deleveraging  balance  sheet  recession  consumer  confidence  business  confidence  business  investment  productivity  output  gap  aggregate  demand  income  redistribution  repo  monetary  transmission  mechanism  monetary  system  financial  market  GFC  banking  crisis  retail  banking  investment  banking  hot-money  Frontier  Markets  emerging  market  BRIC  rent-seeking  rentier  carbon  tax  economic  damage 
february 2016 by asterisk2a
More Evidence Supporting the House of Debt | House of Debt
Many have argued that we overstate the importance of housing and household debt in explaining the Great Recession and weak recovery. They point to the banking crisis, policy uncertainty, or excessive regulation as equally or even more important. The data released today by the BEA show pretty clearly that the arguments we make in House of Debt remain relevant for thinking about economic weakness today. In our view, the explanation we provide is the most consistent with the striking difference in consumption across states. // From Comments: Without real median income rising you can’t grow in an economy based on debt expansion
secular  stagnation  consumer  debt  mortgage  market  household  debt  USA  UK  recovery  GFC  credit  card  debt  debt  servitude  debtoverhang  Richard  Koo  student  loan  debt  Super  Cycle  student  debt  debt  monetisation  debt  monetization  private  debt  fiscal  policy  monetary  policy  book  marginal  propensity  to  consume  consumerist  consumerism  zombie  consumer  discretionary  spending  disposable  income  negative  equity  job  creation  precarious  work  Precariat  low  pay  low  income  Service  Sector  Jobs  job-creation  squeezed  middle  class  Elizabeth  Warren  income  distribution  inequality  Gini  coefficient  income  mobility  social  mobility  American  Dream  post-racial  America  Joseph  Stiglitz  Thomas  Piketty  Paul  Krugman  part-time  Zero  Hour  Contract  Contractor  income  growth  income  inequality  economic  history  Super  Rich  1%  austerity  oligarchy  plutocracy  fiscal  stimulus  budget  deficit  corporate  welfare  tax  avoidance  tax  evasion  corporate  tax  rate  subsidies  subsidizing  welfare  state  social  safety  net  western  world  trickle-down  economics  neoliberalism  neoliberal  Chicago  School  credit  bubble  liquidity  trap  balance  sheet  recession  deleveraging 
february 2016 by asterisk2a
Nasty Gal Layoffs Hit 10 Percent of Staff | Re/code
Online fashion retailer Nasty Gal has laid off 10 percent of its staff, as the purveyor of edgy women’s clothing cuts costs amid an uncertain financing and retail environment. CEO Sheree Waterson told the company in an email that the cuts were necessary as the “market in which we operate is changing, both in retail broadly and apparel specifically.” Nineteen employees across several departments were let go. Nasty Gal also laid off some staff in 2014. The layoffs underscore the difficulty mature e-commerce startups can encounter as they transition from being a hot new brand to the long slog of building a more traditional retail business. In short, building a retail brand is really hard and technology can only afford you so many shortcuts along the way. Online beauty brand BirchBox announced layoffs of 15 percent of its staff last week, as startups in e-commerce tighten belts as investors become more wary of unprofitable growth.
Nasty  Gal  Branding  Brand  e-commerce  Retail  pure  play  Amazon  brick  and  mortar  business  squeezed  middle  class  discretionary  spending  disposable  income  USA  consumption  consumer  debt  household  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  Bubble  low  pay  low  income  Precariat  precarious  work  eBay  zombie  consumer  Primark  status  symbol  status  anxiety  consumerist  consumerism  secular  stagnation  debt  servitude  retirement  pension  scheme  401k  fiscal  policy  austerity  monetary  policy  reflate  reflation  economic  history  recovery  job  creation  Service  Sector  Jobs  emerging  middle  class  western  world  credit  BRIC  emerging  market  Frontier  Markets 
february 2016 by asterisk2a
Christine Lagarde: Housing is key issue for security of UK economy - BBC News
The UK's recent growth, employment progress and deficit reduction have been "strong", the International Monetary Fund (IMF) has said. Underlying economic vulnerabilities, including the supply and demand for housing, have been addressed and steady growth looks set to continue, it said. The IMF's Christine Lagarde said there were still some risks.
UK  Housing  Crisis  property  bubble  generation  rent  speculative  bubbles  Buy  to  macroprudential  policy  fiscal  policy  planning  law  monetary  policy  mortgage  market  austerity  budget  deficit  neoliberalism  IMF  OECD  neoliberal  trickle-down  economics  economic  history  ChristineLagarde  Privatisation  affordable  social  discretionary  spending  disposable  income  consumer  debt  household  debt  credit  card  debt  car  loan  secular  stagnation  wage  stagnation  squeezed  middle  class  Precariat  working  poor  job  creation  Service  Sector  Jobs  low  pay  minimum  wage  low  income  Zero  Hour  Contract  part-time  Contractor  recovery  productivity  output  gap  credit  bubble  debt  servitude  debtoverhang  liquidity  trap  Richard  Koo 
february 2016 by asterisk2a
Iowa: Weckruf für den Rest Amerikas - Kommentar - SPIEGEL ONLINE
[ symptom ] Wer ist gefährlicher, Ted Cruz oder Donald Trump? Zusammen haben sie die Hälfte der republikanischen Stimmen in Iowa geholt. Für den Rest des Landes muss das ein Weckruf sein. Es geht um mehr als das Weiße Haus.
far-right  Rechtsextremismus  Rechtsruck  presidential  election  2016  republicans  republican  Ted  Cruz  Donald  Trump  USA  symptom  inequality  Gini  coefficient  American  Dream  social  mobility  post-racial  America  income  mobility  income  inequality  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  avoidance  income  distribution  immigration  Precariat  fearmongering  Fear  propaganda  populism  Polarisation  manufactured  consent  Lügenpresse  corporate  media  multinational  conglomerate  media  conglomerate  job  security  uncertainty  insecurity  globalization  globalisation  flat  world  borderless  squeezed  middle  class  wage  stagnation 
february 2016 by asterisk2a
Amid market turmoil and confusion, there are four key economic trends shaping society
The UK economy currently gets nowhere near its target of 2%. Inflation would decrease the value of current debts, making them less of a burden. In a world without much inflation, it is hard to get wages up. The worse case scenario is that debt costs increase, as prices and wages stagnate. [ ignoring debt and income growth - stagnation at their peril - youtu.be/KIaXVntqlUE - gov is no household budget, Steve Keen + Richard Koo ] [...] And in this age of austerity, these factors will work against governments seeking to reduce the welfare bill. Recent data shows that, in UK cities, growing numbers of low paid jobs have led to rising claims for welfare such as housing benefits, defeating the government’s aims to reduce spending.
economic  history  secular  stagnation  inflation  targeting  nominal  GDP  targeting  fiscal  policy  monetary  policy  inflation  wage  growth  wage  stagnation  squeezed  middle  class  job  creation  Service  Sector  Jobs  low  pay  low  income  minimum  wage  UK  Mark  Carney  austerity  tax  credit  housing  benefit  working  tax  credit  debt  servitude  Super  Cycle  Richard  Koo  liquidity  trap  monetary  transmission  mechanism  monetary  stimulus  debtoverhang  balance  sheet  recession  deleveraging  household  debt  consumer  debt  credit  card  debt  western  world  GDP  wage  inflation  income  growth  disposable  income  discretionary  spending  income  distribution  Gini  coefficient  Super  Rich  1%  inequality  income  inequality  income  redistribution  tax  evasion  tax  avoidance  monetary  system  monetary  theory  student  debt  student  loan  debt  student  loan  Bubble  debt  monetisation  debt  monetization  zombie  banks  monetary  velocity  Niall  Ferguson  NPL  junk  bond  zombie  corporations  zombie  consumer  ZIRP  NIRP  QE  Taper  China  credit  BRIC  output  gap  productivity  industrial  policy  public  investment  productive  investment  business  investment  infrastructure  investment  property  financial  repression  speculative  bubbles  asset  allocation  Generationengerechtigkeit  fairness  money  supply  faultlines  global  imbalances  recovery  working  poor  Precariat 
february 2016 by asterisk2a
Aberdeen and Edinburgh highlighted in city economies report - BBC News
No Scottish cities were in the top 10 for "low-wage, high-welfare" economies. The 2016 report - described as a "health check" for the 63 largest UK cities - focused on Chancellor George Osborne's vow to build a "higher wage, lower welfare" economy, as set out in the Summer Budget 2015. >> It argued that nearly a million new jobs had been created in cities since 2010 - but that the average salary had also dropped by £1,300 per resident. 'High-wage, low-welfare' << [...] The think tank said the two areas' ability to attract high-skilled jobs - in the oil and professional services industries for example - was the key to their success. It argued that cities with high wages had seen faster jobs growth, with employment rising by 10% since 2010, compared with 3% in low-wage cities. [...] [ Housing Crisis across the country thus ] increased housing benefit payments.
job  creation  recovery  Service  Sector  Jobs  UK  austerity  minimum  wage  living  wage  George  Osborne  neoliberalism  neoliberal  Manufacturing  macroeconomic  policy  microeconomic  policy  low  pay  low  income  tax  credit  child  tax  credit  working  tax  credit  tax  free  income  progressive  tax  code  income  distribution  disposable  income  discretionary  spending  income  inequality  income  growth  wage  growth  secular  stagnation  globalization  globalisation  borderless  flat  world  economic  history  nasty  party  Tories  Conservative  trickle-down  economics  squeezed  middle  class  precarious  work  Precariat  wage  stagnation  income  redistribution  welfare  state  social  safety  net  David  Cameron  budget2015  budget2010  Public  Services  Services  added  value  value  creation  Housing  Crisis  affordable  social 
january 2016 by asterisk2a
Jubiläum ǀ Gegen den Mainstream — der Freitag
Alternativen und Politik. Der Freitag stellt sich bewusst außerhalb dieses Mainstreams. Darin liegt seine Existenzberechtigung aber auch seine Ohnmacht. Das ist das Paradox linker Gegenöffentlichkeit. Wir können den Strom in seinem Lauf nicht ändern. Aber wir haben einen anderen Blick. Wir nehmen für uns in Anspruch, Denkort der Alternativen zu sein. Damit arbeiten wir an der Rückeroberung des politischen Raumes. Denn der Satz von den Alternativen, die es angeblich nicht gibt, ist das Ende von Politik. Den Vorwurf des Populismus muss man sich dann hin und wieder gefallen lassen. Der Philosoph Ernesto Laclau hat geschrieben, Populismus sei „die Stimme derer, die aus dem System exkludiert sind“. Ein gefährlicher Satz, wenn man nach Dresden blickt,
Alternativlos  TINA  austerity  bank  bailout  social  democracy  The  Guardian  NewStatesman  lefty  populism  neoliberalism  neoliberal  squeezed  middle  class  working  poor  Precariat  precarious  work  low  income  job  creation  western  world  secular  stagnation  Service  Sector  Jobs  UK  USA  Europe  economic  history  Gini  coefficient  inequality  Super  Rich  1%  No  Representation  plutocracy  oligarchy  IMF  OECD  mainstream  media  Lügenpresse  fearmongering  Fear  uncertainty  job  security  structural  unemployment  youth  unemployment 
january 2016 by asterisk2a
Minister will tell Amazon to pay living wage as firm makes new jobs pledge (From Herald Scotland)
MINISTERS are to meet Amazon bosses to discuss concerns over pay and working conditions at the online retail giant, as it emerged that the firm is set to create hundreds of new jobs in Scotland this year. The Scottish Government will attempt to persuade the company to pay the living wage to workers, after Nicola Sturgeon was challenged over claims that its warehouses are an "exceptionally horrible place" to work despite it being backed millions in public grants. [...] in-work poverty
job  creation  low  pay  minimum  wage  precarious  work  Precariat  Zero  Hour  Contract  Contractor  Service  Sector  Jobs  low  income  tax  credit  corporate  scandal  corporate  welfare  subsidies  subsidizing  Council  Amazon  UK  recovery  part-time  western  world  secular  stagnation  squeezed  middle  class  working  poor 
january 2016 by asterisk2a
"Markets Crash When They're Oversold" | Zero Hedge
Technology Destroying Jobs + While the big driver of the decline in economic growth since the 1980’s has been a structural change from a manufacturing based economy (high multiplier effect) to a service based one (low multiplier effect), it has been exacerbated by the increase in household debt to offset the reduction in wage growth to maintain the standard of living. This is shown clearly in the chart below. [...] In fact, each job created in energy-related areas has had a “ripple effect” of creating 2.8 jobs elsewhere in the economy from piping to coatings, trucking and transportation, restaurants and retail. Simply put, lower oil and gasoline prices may have a bigger detraction on the economy than the “savings” provided to consumers.
Oil  price  shale  gas  fracking  job  creation  USA  2016  Service  Sector  Jobs  Manufacturing  globalization  globalisation  neoliberalism  neoliberal  borderless  flat  world  economic  history  UK  low  income  wage  stagnation  wage  growth  income  growth  disposable  income  discretionary  spending  consumer  debt  squeezed  middle  class  household  debt  property  bubble  working  poor  precarious  work  Precariat  job  security  job  market  jobcreation  job-creation  recovery  GFC  dogma  ideology  austerity  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  lobbyist  lobby  Lobbying  trade  agreement  TPP  TTIP  NAFTA  CETA  European  Union  sovereign  debt  crisis  credit  bubble  China  BRIC  structural  imbalance  global  imbalances  faultlines  2015  presidency  barackobama  ZIRP  NIRP  QE  George  Osborne  private  debt  debtoverhang  debt  servitude  student  loan  debt  student  loan  student  debt  credit  card  debt  car  loan  liquidity  trap  Richard  Koo  balance  sheet  recession  deleveraging 
january 2016 by asterisk2a
Committee warns of decline in Scottish employment standards - BBC News
[ always announcing new jobs created #, but not the wage ] Members said there had been a "decline in job quality" in recent years, with an increase in low-paid zero-hours contract jobs since the 2008 recession. Their report said public money could be better used to support workers. The committee heard evidence from scores of organisations and took submissions from more than 600 people. Convener Murdo Fraser said the evidence from firms and workers suggested there had been a decline in job quality and an increase in low-paid jobs on "exploitative" zero-hours contracts in recent years. He said: "Whilst employment statistics point to an increase to those in work, if we look beyond the figures, we have uncovered a worrying trend in poor quality employment. [...] "We heard during our inquiry that poor quality work has a significant impact on people's health and wellbeing.
job  creation  Zero  Hour  Contract  Service  Sector  Jobs  recovery  GFC  precarious  work  Precariat  low  income  minimum  wage  working  poor  tax  credit  squeezed  middle  class  UK  USA  part-time  poverty  trap  Gini  coefficient  social  mobility  income  mobility  poverty  child  poverty  working  tax  credit  child  tax  credit  education  policy  skills  gap  job  market  job  security  output  gap  productivity  living  wage  Tories  Conservative  Party  nasty  Positioning  PR  spin  doctor  wage  growth  wage  stagnation  income  growth  consumer  debt  household  debt  credit  card  debt  credit  card  car  loan  austerity  consumer  confidence  business  confidence  subsidies  subsidizing  corporate  welfare  well  being  happiness  happiness  index  mental  health  microeconomic  policy  macroeconomic  policy  corporate  tax  rate  tax  evasion  tax  avoidance  Wall  Street  profit  maximisation  shareholder  value  neoliberalism  neoliberal  dogma  ideology  corporate  scandal  CSR  corporate  social  responsibility  philanthropy  underinvestment  STEM  public  investment  business  investment  Foreign  Direct  investment  productive  investment  infrastructure  investment  fiscal  policy  ZIRP  NIRP  QE  distortion 
january 2016 by asterisk2a
Rob Ford's Sobriety Coach: Inside the Manic Life & Work of Bob Marier - YouTube
[ symptom ] when substance abuse takes over your life. you are the slave. // self-developed coping mechanisms // see also Dr Gabor Mate (Trauma) // recovery coach is new field. // SOS - sharing our sobriety // soh - sharing our health // from recovery, to discovery; many different ways what is wrong with you and the world and how wrongly short sighted you dealt with it // love unconditionally, connect with other people. // worst at state of 'nothing else matters, have to get high now, asap.' //
addiction  food  abuse  alcohol  abuse  drug  abuse  substance  abuse  mental  health  well  being  status  anxiety  anxiety  safety  debt  servitude  happiness  security  job  security  squeezed  middle  class  crony  capitalism  capitalism  rat  race  Rehabilitation  sociology  psychology  alcoholism  tobacco  Nicotine  food  engineering  processed  food  fast  food  Chain  junk  food  Politics  food  poisoning  non-alcoholic  fatty  liver  disease  liver  disease  public  health  public  health  policy  prevention  intervention  sick  population  health  crisis  diet-related  disease  chronic  diseases  stigma  obesity  epidemic  obesity  childhood  obesity  overweight 
december 2015 by asterisk2a
Progress on social mobility 'too slow' - BBC News
Progress on closing the gap between rich and poor pupils has not moved fast or far enough to tackle the gulf within a divided Britain, a report says. [...] 'Stronger economy' A government spokesman said it was committed to an "all-out assault on poverty". "Our investment in childcare is helping parents get into work and give their children the best start in life, while the pupil premium and school reforms are ensuring every child gets a good education." The spokesman said work was the best way out of poverty, adding that the number of workless households was at a record low.
education  policy  Gini  coefficient  inequality  social  mobility  UK  income  mobility  Public  squeezed  middle  class  Precariat  working  poor  poverty  child  poverty  poverty  trap  Super  Rich  1%  austerity  fairness  Generationengerechtigkeit  neoliberalism  neoliberal  trickle-down  economics  Tories  Conservative  Party  nasty  Makers  policy  error  policy  folly  corporate  tax  rate  working  tax  credit  child  tax  credit  tax  credit  tax  free  income  budget2015  George  Osborne  David  Cameron  tax  evasion  tax  avoidance  budget  deficit  corporate  welfare  subsidies  subsidizing  underinvestment  Public  Services  health  inequality  post  code  lottery  Services  Council  class  warfare  working  class  consumer  debt  household  debt  recovery  job  creation  Service  Sector  Jobs  GFC  productivity  output  gap 
december 2015 by asterisk2a
Changing the benefit rules for EU migrants no effect on migration - Politics live | Politics | The Guardian
[ Evidence: Tories working on the fringes again to satisfy stern neocons and potential UKIP voters. Always the promise to reduce migration with new quick fix schemes. Voters demands are symptoms of ill democracy, democracy for the rich. Its always the others ... not those on top of the ladder having party time. ] Sir Stephen Nickell, one of the three members of the OBR’s budget responsibility committee, was asked about this, and this is what he said: Changing the benefit rules for EU migration so that they become more difficult to obtain - you are asking me what impact that is likely to have. In my opinion: not much. I am prepared to say that any changes to benefit rules are unlikely to have a huge impact on migration flows. But to go further and start trying to analyse the actual consequences is not within our remit.
Brexit  UK  immigration  migration  East  Europe  European  Union  Schengen  Agreement  PR  UKIP  neoconservatism  neoconservatives  nasty  party  Tories  Conservative  Career  Politicians  No  Representation  George  Osborne  Theresa  May  David  Cameron  general  election  2015  election  campaign  promises  Manifesto  Xenophobia  Rechtsruck  Unrechtsstaat  Rechtsextremismus  Islamophobia  fairness  democracy  social  democracy  bank  bailout  corporate  welfare  austerity  squeezed  middle  class  working  poor  Precariat  voter  turnout  constituency  babyboomers  tax  evasion  tax  avoidance  white-collar  crime  budget  deficit  welfare  state  social  safety  net  corporate  state  neoliberalism  neoliberal  trickle-down  economics  NHS  recovery  job  creation  job  security 
december 2015 by asterisk2a
Live Webcast - Social Class in the 21st Century - YouTube
Speakers: Dr Niall Cunningham, Professor Fiona Devine, Dr Sam Friedman, Dr Daniel Laurison, Dr Lisa McKenzie (author, getting by), Dr Andrew Miles, Professor Mike Savage, Dr Helene Snee, Dr Paul Wakeling // Precariat and Super Rich tend to disappear in surveys // book Inequality: What Can Be Done? - Book by Sir Anthony Barnes Atkinson // Dr Lisa McKenzie (author, getting by), "class in Britain is real, is pervasive and it hurts people." - precariat - 15% of the population. & It's the symbolic violence that hurts more. violence that keeps them out, keeps them down. looks down on them, laughs at them, ridicules them, telling them its their fault. // Meritocracy creates different class, meritocracy does not justify start existing inequality, because meritocracy does not work for everyone, not everyone can become a billionaire (Alain de Bottom) // & Thomas Picketty //&! bbc.in/1R4sNPU - Great British Class Calculator. Some Analysis.
Precariat  Middle  Class  Sozialer  Abstieg  Super  Rich  1%  book  warfare  fairness  babyboomers  Generationengerechtigkeit  austerity  Toff  Privileged  Establishment  minimum  wage  generationy  Polarisation  propaganda  manufactured  consent  corporate  media  Daily  Mail  corporate  state  Monarchy  21stcentury  British  Empire  stereotype  trope  Lügenpresse  culture  subculture  mass  culture  sociology  society  western  society  Gini  coefficient  inequality  income  inequality  gender  inequality  health  inequality  income  mobility  social  mobility  downward  mobility  post  code  lottery  celebrity  culture  Escapeism  Entertainment  working  class-warfare  plutocracy  oligarchy  income  distribution  tax  credit  tax  free  income  job  security  recovery  GFC  crony  capitalism  bank  bailout  corporate  welfare  tax  evasion  tax  avoidance  public  interest  public  awareness  public  perception  public  opinion  public  debate  public  discourse  education  policy  stigma  prejudice  judgement  snap  judgement  bias  public  health  policy  public  health  sick  population  unemployment  obesity  substance  abuse  symptom  human  decency  human  dignity  homelessness  poverty  child  poverty  food  poverty  poverty  trap  label  American  Dream  Political  Class  neoliberal  trickle-down  economics  CEO  pay  meritocracy  UK  USA  populism  spin  doctor  social 
november 2015 by asterisk2a
George Osborne vs John McDonnell - Treasury Questions - YouTube
"economic security for the country (& working people)" out of the mouth of Mr "Judgement Call" (that is what the tax credit cuts are, according to him, in front of select committee in house of commons hearing on the matter. // As if 12bn have no multiplier. 12bn for the corporate sharing it amongst their shareholders who have already bns, there is no multiplier at all. it just moves the digit after the comma. For the poop it is about paying for heating and new shoes. stupid. could afford welfare bill if corporates were to pay their fair share of taxes and not avoid and evade and no corporate welfare like for the steel industry (picking winners). = Show of Career Politician with some ideoligy and dogma and no principles. HE IS A MERCENARY. NOT A VISIONARY. A Career Politician. Calculated. Opportunistic. No long-term view. // IFS did say, in case of austerity, private sector has to pick up the slack. And it did since 2010. And new figures in household debt/credit card debt shows that.
George  Osborne  tax  credit  child  tax  credit  working  tax  credit  general  election  2020  Policy  Makers  error  renewable  energy  Hinkley  Point  C  TBTF  property  bubble  generation  rent  Housing  Crisis  tax  evasion  tax  avoidance  fairness  Generationengerechtigkeit  infrastructure  investment  underinvestment  industrial  energy  price  energy  productivity  output  gap  job  creation  Research  R&D  STEM  gender  inequality  gender  pay  gap  education  social  mobility  income  mobility  downward  mobility  Gini  coefficient  Super  Rich  1%  Toff  constituency  Establishment  election  campaign  promises  general  election  2015  babyboomers  Privileged  Entitlement  corporate  welfare  fossil  fuel  big  pharma  sick  population  Sugar  food  industry  obesity  epidemic  obesity  childhood  obesity  folly  nasty  party  Opportunism  opportunist  minority  No  Representation  Career  Politicians  David  Cameron  Conservative  Tories  capital  gains  tax  corporate  tax  rate  competitive  competitiveness  zombie  consumer  household  debt  consumer  debt  credit  card  debt  credit  card  budget  deficit  Super  Cycle  austerity  low  pay  low  income  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  secular  stagnation  wage  stagnation  income  growth  squeezed  middle  class  income  distribution  income  redistribution  income  inequality  wage  growth  lost  generation  House  of  Lords  UK  Parliam 
october 2015 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
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
Isn't Your Body More Important Than Your Home? - YouTube
'general welfare', 'collective good' //&! youtu.be/7oXPWWDgaoo - The Myths & Lies Exposed in the GOP Debate - Carly Fiorina: Crony Capitalism = Big Goverment supporting tbtf/tbtj corporations? << POSITIONING. Blaming it on Big Government, that corporations feel they need to get bigger. LOL &! RT is not only one calling out Carly Fiorina - http://crooksandliars.com/2015/10/cnn-confronts-carly-fiorina-her-factless
Privatisation  Public  Good  Public  Services  Social  Services  neoliberalism  neoliberal  Public  Health  Care  Medicaid  sick  leave  sick  day  safety  net  homeless  homelessness  welfare  state  corporate  welfare  low  pay  low  income  shared  economic  interest  interest  Police  NHS  UK  USA  dogma  ideology  Wall  Street  racketeer  profiteer  republican  republicans  presidential  election  2016  Medicare  Privileged  Establishment  Toff  Entitlement  Super  Rich  1%  Gini  coefficient  American  Dream  squeezed  middle  class  Sozialer  Abstieg  job  security  Precariat  precarious  work  wage  stagnation  tax  credit  income  growth  income  distribution  capital  gains  tax  profit  maximisation  shareholder  value  ethics  morality  Bernie  Sanders  secular  stagnation  Niall  Ferguson  inequality  income  inequality  inequality  wage  growth  economic  growth  austerity  white-collar  crime  GFC  recovery  reflate  reflation  babyboomers  Generationengerechtigkeit  bank  bailout  TBTF  too  big  to  bail  too  big  to  jail  lobbyist  lobby  Lobbying  revolving  door  Career  Politicians  No  Representation  contract  Millennials  generationy  Carly  Fiorina  reframing  framing  Positioning  PR  spin  doctor  crony  capitalism  capitalism  oligarchy  plutocracy  Social 
october 2015 by asterisk2a
Deutschland: Fast 118.000 Selbstständige sind auf Hartz IV angewiesen - SPIEGEL ONLINE
Immer mehr Unternehmer beantragen staatliche Unterstützung. Laut einem Bericht bekamen im vergangenen Jahr fast 118.000 Selbstständige Hartz IV. Besonders schlecht verdienen demnach Leute die als Ein-Personen-Unternehmen arbeiten. [...] Zugleich hat sich die Zahl der Selbstständigen ohne Beschäftigte dem Bericht zufolge seit dem Jahr 2000 von 1,84 auf 2,34 Millionen erhöht. Damit gebe es inzwischen deutlich mehr Solo-Selbstständige als Selbstständige mit Beschäftigten. Deren Zahl habe im vergangenen Jahr bei 1,85 Millionen gelegen. [ << underlying truth of the labour market Germany - precarious. No way to save something for retirement. ]
low  pay  Niedriglohnsektor  lohndumping  Niedriglohn  self-employment  ALG2  Aufstocker  hartz-iv  labour  market  job  market  job  creation  job  security  Sozialer  Abstieg  squeezed  middle  class  working  poor  precarious  work  Precariat  Germany  Selbstständigkeit  neoliberalism  neoliberal  social  safety  net  welfare  state  Agenda  2010  Altersarmut  poverty  in  old  age  poverty  recovery  GFC  corporate  welfare  tax  evasion  tax  avoidance  fairness  subsidies  subsidizing 
october 2015 by asterisk2a
BBC Three - We Want Our Country Back
[ manipulation, set-up, ... to get the content for their motive, agenda ] //&! http://www.theguardian.com/world/far-right+france //&! http://www.theguardian.com/world/far-right+austria &! http://www.theguardian.com/world/far-right+germany //&! Swiss elections: anti-immigration SVP party heading for record victory - bit.ly/1Lw0NOh //&! Es wird für alle enger“ - Interview In ihrem neuen Buch „Ausgrenzungen“ fragt die US-Soziologin Saskia Sassen, wie Menschen heute unterdrückt und entrechtet werden. Es trifft auch die Mittelschichten. - bit.ly/1OD0Huf
Rechtsruck  far-right  politics  AfD  NPD  Germany  France  UK  European  Election  2014  symptom  Le  Pen  Front  National  Austria  FPÖ  PEGIDA  Religion  Polarisation  populism  propaganda  Nationalism  corporate  media  corporate  state  manufactured  consent  Social  Sharia  Law  Muslim  Rechtsextremismus  Neo-Nazi  Neonazi  Nazi  Christianity  islamic  radicalism  radicalism  extremism  Islamophobic  Islamophobia  Positioning  spin  doctor  PR  manipulation  Sozialpolitik  integration  human  progress  western  world  Gini  coefficient  inequality  Super  Rich  1%  book  Sozialer  Abstieg  squeezed  middle  class  precarious  work  Precariat  working  poor  identification  identity  job  security  globalization  globalisation  insecurity  post-racial  America  immigration  migration  racism  racial  segregation  racial  discrimination  racial  profiling  Jim  Crow  Wertegesellschaft  Gesellschaft  western  society  Niall  Ferguson  secular  stagnation  class  warfare  fascism  Burka  Hijab  disenfranchise  disenfranchised 
october 2015 by asterisk2a
Prospect of TTIP already undermining EU food standards, say campaigners | Business | The Guardian
Opponents of Transatlantic Trade and Investment Partnership say EU negotiator has admitted to approving entry of banned goods [...] EU negotiators will resume controversial trade talks with the US on Monday amid claims that multinational companies have jumped the gun in advance of any agreement to import goods that are currently banned – including genetically modified crops and chemically washed beef – into European markets. A campaign group says that a report in a US journal concerning the Transatlantic Trade and Investment Partnership (TTIP) talks show that Europe is already capitulating to huge pressure from the US to allow imports of previously banned goods before an agreement is reached. [...] [ as always its about] lower trade barriers and boost growth. [ Trade Deals like TTIP & TPP are better for US economically than a military invasion. who is excluded? BRIC. Who didnt want to join AIIB? USA. But who did? UK & Germany. This is about economic & political power/reach/influence]
TTIP  lobbyist  lobby  Lobbying  food  safety  Consumer  Protection  Wall  Street  conglomerate  trade  agreement  free  trade  TPP  NAFTA  CETA  European  Union  self-regulation  regulation  deregulation  regulators  profit  maximisation  shareholder  value  shared  economic  interest  Career  Politicians  Policy  Makers  democracy  No  Representation  neoliberalism  neoliberal  vested  interest  interest  groups  BRIC  World  Bank  AIIB  exploitation  sustainability  sustainable  crony  capitalism  capitalism  tax  evasion  tax  avoidance  free  market  neoconservatism  neoconservatives  G  Zero  presidency  barackobama  corporate  scandal  thinktank  GMO  crop  GMO  Privatisation  austerity  UK  David  Cameron  NHS  Gini  coefficient  inequality  poverty  Developing  World  Frontier  Markets  national  interest  corporate  state  corporate  media  manufactured  consent  Polarisation  PR  spin  doctor  reframing  framing  propaganda  populism  Fear  job  security  squeezed  middle  class  secular  stagnation  Niall  Ferguson  Super  Rich  1%  Sozialer  Abstieg  Soziale  Marktwirtschaft  globalization  globalisation  borderless  global  trade  flat  trickle-down  economics  wage  stagnation  income  growth  wage  growth  low  income  job  creation  revolving  door 
october 2015 by asterisk2a
These 5 Facts Explain the Worrying Rise of Europe’s Far-Right | TIME
Economic instability, populist politicians and a refugee wave is changing the face of politics in Europe Another round of elections, another push from increasingly vocal nationalists. Austria’s far-right Freedom Party gave the Social Democrats a run for their money in local elections over the past weekend, but fell short of capturing Vienna’s mayoralty. What started as an oddity in European politics has quickly become a disturbing pattern. These five facts explain the rise of the radical right in Europe, its causes and its implications for the region.
Rechtsruck  Unrechtsstaat  Lügenpresse  refugee  crisis  GFC  austerity  bank  bailout  sovereign  debt  crisis  Grexit  Brexit  Brussels  European  Union  AfD  NPD  UKIP  fairness  Generationengerechtigkeit  Sozialer  Abstieg  squeezed  middle  class  hartz-iv  precarious  work  Precariat  working  poor  job  creation  Career  Politicians  No  Representation  democracy  corporate  welfare  Schuldenbremse  Fiscal  Pact  Wall  Street  crony  capitalism  tax  evasion  tax  avoidance  profit  maximisation  shareholder  value  Niedriglohnsektor  Niedriglohn  Service  Sector  Jobs  Leiharbeit  Zeitarbeit  Minijob  ALG2  liberal  economic  reform  trickle-down  economics  economic  history  neoliberalism  neoliberal  neoconservatism  neoconservatives  Surveillance-Industrial  Complex  military–industrial  inequality  Gini  coefficient  social  mobility  income  mobility  job  security  uncertainty  globalization  globalisation  symptom  political  theory  lobbyist  lobby  Lobbying  revolving  door  social  contract  reflate  reflation  constituency  credit  bubble 
october 2015 by asterisk2a
Robots are coming for your job. That might not be bad news
The problem with automation isn’t technology. The problem is capitalism. // [ Deflationary pressure, 3bn people in developing world and frontier markets unemployed, waiting to join workforce. ] [ who buys the gadgets and widgets when half the world is unemployed ] // This time, as Martin Ford argues in Rise of The Robots, education and upscaling won’t help us. There will simply be fewer jobs to go around, as everything from accountancy to journalism will be done faster, cheaper and more efficiently by machines. The result, as Jerry Kaplan agrees in Humans Need Not Apply, is that billions will be left destitute – unless we radically rethink our way of keeping people fed.
Software  Is  Eating  The  World  Robotics  automation  Marketplace  efficiencies  commodity  business  commoditization  mobile  homescreen  capitalism  Gini  coefficient  income  distribution  Super  Rich  Commanding  Heights  1%  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  Creatives  Creative  freelancing  freelance  Universal  Basic  corporate  welfare  welfare  state  social  safety  net  tax  free  income  Zero  Hour  Contract  Contractor  job  creation  6-hour  work  day  4-day  work  week  Robert  Skidelsky  leisure  time  burnout  chronic  stress  deflationary  technological  history  technological  progress  secular  stagnation  Niall  Ferguson  crony  capitalism  exploitation  lobbyist  lobby  Lobbying  inequality  income  inequality  capital  gains  tax  capital  gains  democracy  precarious  work  Precariat  working  poor  low  income  low  pay  globalisation  globalization  flat  borderless  free  trade  trade  agreement  TTIP  TPP  TISA  squeezed  middle  class  Sozialer  Abstieg  Soziale  Marktwirtschaft  Sozialpolitik  worklife  Future  of  Workers  Union  underemployed  Thomas  Piketty  Robert  Reich  Joseph  Stiglitz  part-time  job  security  job  market  labour  economics  labour  market  Minijob  book  Policy  Makers  revolving  door  social  social  social  tax  economics  of 
october 2015 by asterisk2a
Laurie Anderson: 'Capitalism is a disaster for human relations' | Film | The Guardian
The experimental artist and director talks about her new film, The Heart of a Dog, the trouble with social media – and coming to terms with death [...] But if your brand is just you, is that uncomfortable? Extremely. It’s even worse to market your style. It’s truly sad. And everyone on Facebook has the same sort of marketing ploy selling their image. What does that do to people? It’s extremely brutalising that you’re going to be for sale. It’s one of the worst things you can possibly imagine. Go to any party and you see that: I just don’t think you’re worth talking to. Someone else has a bigger plus sign over their heads. Capitalism is an absolute disaster for human relations. // social isolation, deprivation, Perspektivlosigkeit, Free Will, Dopamine, mobile homescreen, social alienation,
crony  capitalism  corporate  scandal  bank  bailout  fairness  austerity  capitalism  Wall  Street  shareholder  value  profit  maximisation  Generationengerechtigkeit  Social  Media  status  anxiety  Selbstdarstellung  Selbstfürsorge  babyboomers  inequality  Gini  coefficient  lobbyist  lobby  Lobbying  Greed  income  inequality  mobility  income  mobility  American  Dream  trust  Career  Politicians  No  Representation  contract  cohesion  tension  Polarisation  propaganda  corporate  corporate  state  corporate  welfare  subsidies  subsidizing  populism  trickle-down  economics  PR  spin  doctor  framing  reframing  manufactured  consent  democracy  political  theory  Facebook  Instagram  Celebrity  of  You  Twitter  mental  health  mental  illness  Depression  burnout  chronic  stress  society  gossip  culture  culture  well  being  happiness  status  symbol  socioeconomic  status  status  Sozialer  Abstieg  Existenzangst  squeezed  middle  class  neoliberalism  neoliberal  job  security  Precariat  poverty  trap  poverty  food  poverty  child  poverty  Niall  Ferguson  secular  stagnation  western  world  western  society  zombie  consumer  consumerism  consumerist  materialism  identification  identity  isolation  deprivation  Perspektivlosigkeit  Free  Will  Dopamine 
october 2015 by asterisk2a
Iain Duncan Smith calls people without a disability "normal"
The art of cruelty: why the Conservative attack on disabled people harms us all. No sick person responds to their diagnosis by thinking, “I can scam taxpayers for £73 a week!” [...] Not only is in-work poverty a larger drain on the benefits system than the unemployed, but most of the things that help disabled people get back to work have been cut. [...] They got away with this by launching an all-out propaganda assault that portrays disabled and workless people as “scroungers”, “sponging” off the state, when presumably they should be grateful not to be left on a hillside to die as would have been done in the good old days. [...] This is Tory Britain. [...] The welfare state is being dismantled and rebuilt as a machine to manage and discipline the workforce into accepting precarious labour, low pay and no social safety net. [...] this way the Tories can persuade the most vulnerable in society to accept their fate and the rest of us to believe that they deserve it. [...] moral hazard
Iain  Duncan  Smith  DWP  vulnerable  Disabled  mental  health  mental  illness  JSA  ESA  welfare  state  social  safety  net  unemployment  long-term  unemployment  youth  unemployment  structural  unemployment  Positioning  Tories  reframing  framing  PR  spin  doctor  constituency  general  election  2015  election  campaign  promises  babyboomers  fairness  Generationengerechtigkeit  child  poverty  child  tax  credit  bank  bailout  austerity  social  tension  deprivation  Perspective  Perspektivlosigkeit  Toff  Privileged  Establishment  Entitlement  nasty  party  Super  Rich  1%  Public  Services  Services  sickness  benefit  housing  benefit  benefits  social  housing  affordable  housing  poverty  poverty  trap  food  poverty  precarious  work  Precariat  underemployed  part-time  working  poor  Zero  Hour  Contract  Contractor  job  security  job  creation  labour  market  minimum  wage  low  income  low  pay  morality  GFC  crony  capitalism  Sozialer  Abstieg  capitalism  Existenzangst  squeezed  middle  class 
october 2015 by asterisk2a
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
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
Perhaps austerity didn't choke off UK recovery - BBC News
But, as I mentioned, the disclosure that we were a bit richer in the last parliament than we thought is not all fabulous news for the chancellor. He and his Treasury colleagues should probably be anxious that the faster growth did not translate into higher tax revenues. In case you need reminding, George Osborne singularly failed to hit the deficit reduction targets he set himself. But the explanation can no longer be that the economy flatlined, because that's not what happened. So if the higher-than-thought growth in the last parliament left the gap between government revenues and expenditures tens of billions of pounds greater than George Osborne hoped, it also suggests that his aspiration of eliminating the deficit in this parliament may prove equally elusive. //&! Despite strong employment growth, wage growth remained historically weak - the usual link between falling unemployment and rising wages seemed to have been broken. - bbc.in/1OEffcS
trickle-down  economics  tax  evasion  tax  avoidance  self-employment  employment  working  poor  precarious  work  job  creation  Service  Sector  Jobs  Niedriglohnsektor  George  Osborne  austerity  economic  history  recovery  budget  deficit  fiscal  policy  property  bubble  credit  bubble  mortgage  market  excess  reserves  zombie  banks  zombie  corporations  zombie  consumer  Richard  Koo  academics  academia  IMF  Paul  Krugman  Gini  coefficient  inequality  underinvestment  Joseph  Stiglitz  private  debt  household  debt  credit  card  debt  credit  card  debt  servitude  disposable  income  discretionary  spending  wage  stagnation  wage  growth  income  growth  low  income  income  distribution  squeezed  middle  class  Sozialer  Abstieg  productivity  output  gap  Niall  Ferguson  secular  stagnation  underemployed  structural  unemployment  structural  imbalance  faultlines  Impediments  skills  gap 
october 2015 by asterisk2a
Nomi Prins-Federal Reserve Transition to Destruction - YouTube
via - http://schiffgold.com/interviews/former-wall-street-insider-some-form-of-bank-bail-ins-will-come-to-us-video/ ||&! QE and ZIRP bad policy, bank and market cuddeling. no mainstreet recovery! trickle-down failed. Private sector can not carry existing minimal momentum forward. policy has not helped people on the ground. // many bubbles created: junk bond/zombie corps, car loans, student loans, property, ... // transition to destruction, volatility is first sign. // market manipulation! // inflated financial system // rise in NPL! where how will they cover that? another bailout? or bail-in. taking depositors haircut. FDIC can't cover that all.
ZIRP  NIRP  book  QE  reflate  reflation  equity  bubble  credit  bubble  Taper  Richard  Koo  BRIC  China  2015  junk  bond  trickle-down  economics  Super  Rich  1%  property  bubble  household  debt  UK  USA  BOE  Fed  mandate  Fed  Janet  Yellen  Mark  Carney  MPC  monetary  policy  monetary  transmission  mechanism  excess  reserves  retail  banking  secular  stagnation  wage  stagnation  disposable  income  income  distribution  income  inequality  Gini  coefficient  inequality  squeezed  middle  class  job  creation  job  market  labour  market  Niedriglohnsektor  Service  Sector  Jobs  recovery  GFC  benbernanke  alangreenspan  dot.com  speculative  bubbles  bank  bailout  banking  crisis  leverage  margin  trading  Super  Cycle  debt  servitude  private  debt  debt  monetization  debt  monetisation  fiscal  policy  austerity  consumer  debt  credit  card  credit  card  debt  car  loan  debtoverhang  economic  history  zombie  banks  zombie  corporations  zombie  consumer  mainstreet.org  Wall  Street  profit  maximisation  shareholder  value  crony  capitalism  corporate  debt  bubbles  asset  bubble  correction  mortgage  market  libor  rigging  scandal  trust  Career  Politicians  neoliberalism  neoliberal  FX  reserves  hot-money  currency-war  currency  debasement  currency  war  balance  sheet  recession  Niall  Ferguson  financial  repression  distortion  Pr 
october 2015 by asterisk2a
Protestbewegungen in Europa: Die Lust auf Links - SPIEGEL ONLINE
Sex, Job, Geld: In Kernbereichen des Lebens fühlen sich immer mehr Menschen überfordert. Während im Politikbetrieb neoliberale Konzepte dominieren, wächst die Anhängerschaft linker Ideen - in der Hoffnung auf ein würdiges Leben.
neoliberalism  neoliberal  austerity  neoconservatism  neoconservatives  lefty  crony  capitalism  lobbyist  lobby  Lobbying  revolving  door  Jeremy  Corbyn  inequality  Gini  coefficient  social  mobility  Super  Rich  1%  income  mobility  downward  mobility  welfare  state  social  safety  net  education  policy  squeezed  middle  class  babyboomers  precarious  work  Precariat  working  poor  job  security  Zero  Hour  Contract  job  market  globalization  global  trade  globalisation  global  economy  borderless  flat  world  Career  Politicians  No  Representation  social  Generationengerechtigkeit  fairness  bank  bailout  banking  crisis  capitalism  Wall  Street  shareholder  value  shared  economic  interest  profit  maximisation  mainstreet.org  Union  Workers  Union  political  economy  economic  history  trickle-down  economics  tax  evasion  tax  avoidance  manufactured  consent  Lügenpresse  corporate  media  corporate  state  Polarisation  GFC  Europe  UK  USA  Germany  refugee  crisis  reflate  reflation  recovery  equity  bubble  QE  ZIRP  NIRP  property  bubble  speculative  bubbles  asset  bubble 
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
The new right to buy is solving 1979’s problems at today’s expense | Gaby Hinsliff | Comment is free | The Guardian
This Thatcherite policy revival fails to recognise that the main cause of the housing crisis is affordability //&! Housing bill needs radical, long-term measures to reform the market. As well as increasing supply, the government needs to use the tax system to make buy-to-let less attractive as an investment - bit.ly/1PDxWe3
Help  to  Buy  Scheme  Buy  to  Rent  Right  to  Buy  neoliberalism  neoliberal  Supply  and  Demand  Demand  and  Supply  Tories  Conservative  Party  austerity  David  Cameron  George  Osborne  dogma  ideology  affordable  housing  social  housing  UK  2015  budget2015  Generationengerechtigkeit  generation  bank  bailout  banking  crisis  bank  crisis  trickle-down  economics  Wall  Street  profit  maximisation  shareholder  value  shared  economic  interest  infrastructure  investment  underinvestment  general  election  2020  general  election  2015  election  campaign  promises  productive  investment  productivity  output  gap  commuting  disposable  income  discretionary  spending  wage  growth  wage  stagnation  income  growth  low  income  job  creation  labour  market  job  market  labour  economics  Niedriglohnsektor  squeezed  middle  class  generationy  Millennials  sovereign  debt  crisis  recovery  economic  history  household  debt  consumer  debt  debt  servitude  credit  bubble  NPL  mortgage  market  BOE  fiscal  policy  monetary  policy  macroprudential  policy  macroeconomic  policy  microeconomic  policy  Mark  Carney  financial  incentive  tax  code  distortion  Buy-to-Let 
september 2015 by asterisk2a
Simon Hix on the election of Jeremy Corbyn as the new leader of the Labour Party - YouTube
Movement (Bobble Head of our time that captured imagination of disenfranchised part of society which became disengaged with Politics because they had no voice and no impact and no shared views) - vs - [Labour] Party (something babyboomers and pensioners could voted for (if) it is properly framed, spun, communicated over and over again that they've sold out their kids and grand children for their own gain and capture of wealth and have to change course. because their kids and grand children are on a backfoot very much, already. and can not take guaranteed the opportunities and social and capital luxuries babyboomers, post-war gen (pensioners) have enjoyed and continue to enjoy. that they have to give up some of their pie).
Jeremy  Corbyn  Labour  Party  UK  lefty  Ed  Miliband  general  election  2015  election  campaign  promises  budget2015  UKIP  voter  turnout  Precariat  Nationalism  NHS  austerity  Brexit  Workers  Union  trademark  inequality  Gini  coefficient  Generationengerechtigkeit  fairness  Middle  Class  constituency  Millennials  lost  generation  lost  decade  recovery  job  creation  market  job  market  GFC  bank  bailout  banking  crisis  investment  banking  political  theory  social  cohesion  social  contract  society  minority  majority  Tories  Conservative  Party  Westminster  London  income  growth  trust  distrust  trustagent  Establishment  Toff  Privileged  political  economy  dogma  ideology  neoliberalism  neoliberal  neoconservatism  neoconservatives  Scotland  Rechtsruck  European  2014  vulnerable  Disabled  babyboomers  Super  Rich  social  mobility  poverty  trap  child  poverty  poverty  income  mobility  Trident  Policy  Makers  trickle-down  economics  Privatisation  folly  tax  code  Soziale  Marktwirtschaft  1%  industrial  STEM  Future  of  Work  energy  No  Representation  Career  Politicians  shared  economic  interest  disenfranchise  disenfranchised  democracy  wage  stagnation  wage  growth  squeezed  Sozialer  Abst 
september 2015 by asterisk2a
Disenfranchised Voters and the Rise of Radical Populism - YouTube
inequality  squeezed  middle  class  Sozialer  Abstieg  Gini  coefficient  bank  bailout  sovereign  debt  crisis  austerity  2015  Gerechtigkeit  fairness  Generationengerechtigkeit  Rechtsextremismus  Rechtsruck  Jeremy  Corbyn  Labour  Party  Conservative  Party  David  Cameron  dogma  neoliberalism  neoliberal  political  economy  political  theory  social  tension  social  change  Bernie  Sanders  European  Union  Brexit  Grexit  Schengen  Agreement  UK  Germany  Polarisation  populism  manufactured  consent  corporate  state  corporate  media  propaganda  reframing  framing  PR  spin  doctor  fiscal  policy  monetary  policy  reflate  reflation  recovery  GFC  crony  capitalism  Wall  Street  deregulation  TTIP  self-regulation  neoconservatism  neoconservatives  democracy  No  Representation  Career  Politicians  Opportunism  opportunist  secular  stagnation  trickle-down  economics  AfD  UKIP  NPD  Xenophobia  Antisemitismus  antisemitism  European  Election  2014  campaign  promises  investment  banking  Schuldenbremse  Pact  constituency  Angela  Merkel  social  cohesion  social  contract  short-term  thinking  short-term  view  lobbyist  lobby  Lobbying  revolving  door  working  poor  debt  debt  stagnation  inequality  social  state  precar 
september 2015 by asterisk2a
Is Global Economic Doubt Behind the Unchanged Rate? - YouTube
youtu.be/f5_AGIMe32k // much higher $ already put ~25bps on US domestic market. // Fed is a risk manager now // labour market got a check mark, but not inflation bc of tech, stronger$ (taper anticipation), commodities lower, further deflationary pressures (retail price fighting 4 increase like4like sales), globalisation (competition), secular stagnation (continued low growth in western world, lower aggregate demand overall, lower baseline), consumer unable 2pickup where it threw in hat (deleveraging, no savings, debt overhang household, consumer). A new normal of growth of ~3% (give/take) globally aggregate & western wrld (2-2.5%, EU aggregate even lower). In this world, THERE WILL BE NO INFLATION PRESSURE (2% or higher, &3bn ppl free labour wrldwide) IN THE FORESEEABLE FUTURE AS THE REAL ECONOMY 4 EVERY DAY FOLK DOESNT REFLECT REFLATED ASSET PRICES via QE, ZIRP, credit bubbles arnd world enabled by central banks. &! youtu.be/NVa5fkz8X0o &! youtu.be/Ny3bbonX3d0 &! 1.usa.gov/1JdKZxp
Taper  Fed  Fed  mandate  2015  inflation  expectation  inflation  targeting  Janet  Yellen  participation  rate  employment  underemployed  full  employment  unemployment  structural  unemployment  USA  China  BRIC  credit  bubble  complexity  global  economy  New  Normal  hunt  for  yield  asset  allocation  asset  bubble  reflate  reflation  equity  bubble  property  bubble  BIS  centralbanks  QE  ZIRP  NIRP  distortion  secular  stagnation  western  world  Richard  Koo  deleveraging  balance  sheet  recession  debtoverhang  private  debt  household  debt  consumer  debt  student  loan  debt  student  loan  student  debt  debt  servitude  marginal  propensity  to  consume  Super  Rich  1%  faultlines  savings  glut  Impediments  structural  imbalance  inequality  Gini  coefficient  income  distribution  income  growth  low  income  disposable  income  income  inequality  income  mobility  wage  stagnation  wage  growth  UK  BOE  squeezed  middle  class  job  creation  job  security  labour  market  recovery  policy  response  fiscal  policy  austerity  Schuldenbremse  Pact  monetary  policy  monetary  transmission  mechanism  excess  reserves  business  confidence  consumer  confidence  business  investment  underinvestment  productive  investment  infrastructure  investment 
september 2015 by asterisk2a
Jim Grant: The Fed Turned the Stock Market Into a 'Hall of Mirrors' - YouTube
- bull market in equities not reflective of real fundamentals on the side of the consumer (aggregate demand, marginal propensity to consume). can not pick up the tab. inequality also does not help.
equity  bubble  frothy  distortion  USA  Fed  ZIRP  NIRP  QE  credit  bubble  BRIC  BOE  ECB  excess  reserves  correction  2015  BOJ  reflate  reflation  Abenomics  hunt  for  yield  recovery  GFC  Taper  FOMO  asset  allocation  capital  allocation  behavioral  finance  behavioral  economics  fiscal  policy  austerity  western  world  developed  world  secular  stagnation  disposable  income  income  distribution  income  growth  low  income  income  gap  consumer  confidence  business  confidence  business  investment  underinvestment  hot-money  speculative  bubbles  speculative  speculation  currency-war  currency  debasement  currency  war  property  bubble  Richard  Koo  monetary  stimulus  monetary  policy  fiat  currency  monetary  transmission  mechanism  liquidity  trap  Pact  Schuldenbremse  Europe  UK  Japan  Germany  marginal  propensity  to  consume  consumer  debt  household  debt  job  creation  job  security  working  poor  inequality  Gini  coefficient  Sozialer  Abstieg  squeezed  middle  class  precarious  work  wage  growth  wage  stagnation  income  inequality  income  mobility  Super  Rich  1%  bank  bailout  banking  crisis  sovereign  debt  crisis  Polarisation  Career  Politicians  dogma  ideology  crony  capitalism 
september 2015 by asterisk2a
Brazil's downgrade | Authers' Note - YouTube
- 6 killer apps not yet properly installed. - // and still dependent on western world demand! aggregate demand via western consumer. // credit bubble and ZIRP/NIRP/QE has run its way largely // private sector could not pick up recovery. no appetite. same for SME SMB mittelstand. excess reserves not lend out because the horse has to drink by itself, can't make the drink. // especially when it has no means to served future credit interest payment coupons and principal repayment with no income growth! for decades. // inequality huts, middle class destoryed. - Career Politicans, Fear, polarisation, inequality, gini coefficient, zeit arbeit, leiharbeit, self-employment, working conditions, ...sozialer abstieg, squeezed middle class, ... insecurity, cloudy future, richard koo: austerity isn't helping!
Brazil  BRIC  Developing  World  China  credit  bubble  Latin  America  India  Russia  South  Africa  2015  Niall  Ferguson  NiallFerguson  recovery  GFC  QE  ZIRP  NIRP  distortion  emerging  middle  class  western  aggregate  demand  Supply  and  and  Supply  economic  history  Richard  Koo  monetary  policy  monetary  stimulus  monetary  transmission  mechanism  monetary  theory  globalization  globalisation  hunt  for  yield  FOMO  frothy  correction  equity  bubble  speculative  bubbles  speculative  speculation  property  bubble  asset  allocation  capital  allocation  hot-money  currency-war  currency  debasement  currency  war  Fed  BOE  BOJ  Abenomics  ECB  PBOC  banking  crisis  bank  bailout  austerity  UK  USA  Europe  Fiscal  Pact  Schuldenbremse  policy  consolidation  trickle-down  economics  neoliberalism  neoliberal  income  growth  disposable  income  discretionary  spending  low  income  job  creation  labour  market  wage  growth  secular  stagnation  wage  stagnation  income  distribution  Super  Rich  1%  marginal  propensity  to  consume  consumer  debt  household  debt  business  investment  business  confidence  global  trade  global  economy  global  imbalances  Structural  Impediments  imbalance  underemployed  participation  rate  productivity  output  gap  macroeconomic  policy  policy  job  microeconomi 
september 2015 by asterisk2a
World Bank warns on US rate rise - BBC News
[ game of chicken ] [ can private sector carry forward the little bit of recovery/growth the western world got in a rising interest rate world, that will eat away spending bc of higher repayment rates amid little to no wage growth !!! ] [W]arned developing countries to brace themselves for possible financial turbulence when the US Federal Reserve starts to raise interest rates. It could come as early as Thursday when the Fed concludes a policy meeting. A new report from the World Bank says there will probably be a modest impact on developing countries. But it also warns there is some risk that it could be worse. The Bank says it is possible that there would be sufficient disruption to capital flows into developing countries to harm economic growth and financial stability. //&! bit.ly/1QhP6Of //&! youtu.be/G8lCqhCbrA4 //&! youtu.be/KH1UlvgXqTE = bond sell-off move in anticipation of Taper. //&! strength of dollar added already 25bps - youtu.be/zWrxFszwrsQ &! youtu.be/lpTkQqEQmE4
Taper  Fed  BOE  2015  BIS  ZIRP  NIRP  QE  Richard  Koo  reflate  reflation  asset  bubble  hunt  for  yield  FOMO  frothy  World  Bank  distortion  unknown  unkown  unintended  consequences  capital  allocation  asset  allocation  speculative  bubbles  speculative  speculation  monetary  policy  monetary  transmission  mechanism  liquidity  trap  monetary  theory  GFC  recovery  credit  bubble  China  BRIC  Brazil  India  South  Africa  Russia  Europe  UK  BOJ  Abenomics  liquidity  credit  squeeze  excess  reserves  PBOC  economic  history  creditcrunch  credit  crunch  ECB  commodity  prices  energy  price  Oil  price  OPEC  petrodollar  QT  FX  reserves  global  trade  New  Normal  secular  stagnation  faultlines  Structural  Impediments  imbalance  western  deflationary  deflation  austerity  fiscal  policy  monetary  stimulus  monetary  system  debt  monetisation  debt  monetization  unconventional  monetary  policy  debtoverhang  refinancing  creditrating  creditrisk  deleveraging  private  debt  household  debt  disposable  income  discretionary  spending  wage  stagnation  wage  growth  income  growth  income  distribution  low  income  inequality  Gini  coefficient  squeezed  middle  class  downward  mobility  working  poor  precarious  work  Zero  Hour  Contract  Contractor  self-employment  Zeitarbeit  Leiharbeit  Sozialer  Abstieg  j 
september 2015 by asterisk2a
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
Soziale Gerechtigkeit und Wachstum: Deutschland mittelmäßig - SPIEGEL ONLINE
Wie gut gelingt es Staaten, eine nachhaltige Wirtschaftspolitik mit sozialer Gerechtigkeit zu vereinen? Deutschland landet in einer Studie des Weltwirtschaftsforums nur im Mittelfeld. Vor allem das Steuersystem schneidet schlecht ab. // &! bit.ly/1K7qKCb - Erbschaft!
Generationengerechtigkeit  fairness  austerity  Gini  coefficient  social  mobility  income  mobility  downward  mobility  inequality  gender  inequality  economic  growth  tax  free  income  kalte  Progression  coldprogression  Universal  Basic  Super  Rich  1%  Public  Services  Services  welfare  state  social  safety  net  OECD  IMF  Robert  Reich  Joseph  Stiglitz  Thomas  Piketty  tax  avoidance  tax  evasion  capital  gains  tax  income  tax  infrastructure  infrastructure  investment  commuting  chronic  stress  child  poverty  poverty  trap  food  poverty  well  being  happiness  index  neoliberalism  neoliberal  Workers  Union  precarious  work  Precariat  working  poor  minimum  wage  tax  credit  education  policy  underbanked  poverty  Sozialer  Abstieg  squeezed  middle  class  corporate  tax  rate  Privatisation  underinvestment  productive  investment  investment  Public  Good  Career  Politicians  short-term  long-term  competitiveness  globalisation  globalization  borderless  flat  world  job  security  Zeitarbeit  Leiharbeit  Zero  Hour  Contract  Contractor  tax  code  lobbyist  lobby  Lobbying  shared  economic  interest  Wall  Street  profit  maximisation  shareholder  value  Mittelstand  SME  SMB  Germany  society  culture  Gesellschaft  babyboomers  Millennials  generationy  bank  social  bail 
september 2015 by asterisk2a
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
Thom Hartmann "The Crash of 2016" - YouTube
7:10 American Dream not abt being Super Rich, part of 1%, self-made millionaire. American Dream is abt live a good life, meaningful work. Launch children into world. Edu. Vacation. & Left over 4 retirement. having a voice; Workers Union. Health Care. Some little savings. Retirement Fund. // Wages did not keep up with productivity gains, if they had, minimum wage would be about $22! - bit.ly/1NZLVwc // 1trn$ in student loans/debt! that is what post-war gen had in assets! // (neoliberalism and neoconservative) Think Tanks; like Kato Institute, produce papers that are pushed to media 'getting our message across' (control media), also control over our justice system, & control over our education (our story, ie X Prof and read Ayan Rand). // Middle Class once invested in college & university. Was seen as intellectual class, society pillar. Till the last 32 years. // cites Fourth Turning book! // re-peat of 1929, = GFC // &! youtu.be/nUWaXZWhnqA &! youtu.be/polYrI4Us84
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september 2015 by asterisk2a
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
Pando: Blue Apron and the rise of the non-demand economy
[ trading money 4 convenience, on-demand, no planning (no personal overhead, that thing you have 2 plan & be reminded of 2 go after work 2 grocery store with that list.), & TIME. IF YOU HAVE THE MONEY. New Friday Night in (not w pizza, Chinese take out) for the better paid. You think you deserves, deserved to treat yourself, even during the week 2-3 times. Because you worked so hard and are so busy. It's not a mass market, utility thing. Period. It also sprouted so many kind of these things, because the money was there (2010-12-13-14-15). and SV and NY is hot bed of them, because of so much more disposable income available. But go into America. The picture looks very different. The opposite. People trying to make ends meet. Not just America but rest of western world! The actual macro of America did not justify those valuations and the money and the amount of these start-ups. SV/NY/Seattle distored the picture, does distort pictue of rest of America labour market! ] //&! bit.ly/1hUTTdS
disposable  income  discretionary  spending  Middle  Class  on-demand  convenience  aspirational  product  mobile  homescreen  Smartphone  Silicon  Valley  Venture  Capital  2015  distortion  labour  market  secular  stagnation  western  world  wage  stagnation  wage  growth  job  market  recovery  globalization  globalisation  squeezed  Sozialer  Abstieg 
september 2015 by asterisk2a
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