asterisk2a + precarious + code + abundance   5

Will Oil Cause the Next Recession? - Bloomberg View
[Private Sector could not drive recovery! Stupid. And rising (re-flating) asset prices like stocks did not inspire consumers. The reality on the ground is different than asset prices. Inflation targeting is a policy error in hindsight. Question is if policy makers (fiscal and monetary) as willing to admit this, or drag the world through another lost decade & generation!? ] Most forecasters believe consumers will spend the windfall, and thus boost the economy. But almost all of the savings from lower pump prices so far have been used to rebuild household assets and reduce debt. Consumers tend to increase their savings in tough times; they've been doing so during the six-year recovery, even as real wages and median household incomes remain flat. Lower oil prices, however, could come with a downside. As they work their way through the system, deflation could follow. Already, 10 of the 34 largest economies in the world have seen year-over-year declines in consumer prices. [
household  debt  consumer  debt  recovery  Private  Sector  GFC  economic  history  wage  growth  wage  stagnation  squeezed  middle  class  Sozialer  Abstieg  western  world  globalization  globalisation  credit  bubble  2015  QE  ZIRP  NIRP  asset  bubble  asset  allocation  Super  Rich  1%  bank  bailout  balance  sheet  recession  deleveraging  debtoverhang  Richard  Koo  fiscal  stimulus  underinvestment  productive  investment  fiscal  policy  austerity  IMF  OECD  lost  decade  lost  generation  competitive  competition  deflationary  deflation  competitive  advantage  competitiveness  underemployed  structural  unemployment  Zero  Hour  Contract  Contractor  self-employment  Zeitarbeit  neoliberalism  neoliberal  Werkvertrag  part-time  Minijob  deregulation  Workers  Union  crony  capitalism  capitalism  Wall  Street  shareholder  value  profit  maximisation  USA  UK  Europe  developed  world  secular  stagnation  marginal  cost  economics  of  abundance  trickle-down  economics  tax  avoidance  tax  evasion  tax  code  capital  gains  tax  Generationengerechtigkeit  fairness  sovereign  debt  crisis  PR  spin  doctor  manufactured  consent  Lügenpresse  propaganda  populism  working  poor  precarious  work  Precariat  policy  inflatio 
september 2015 by asterisk2a
Paul Mason: what they aren't telling you about work - YouTube
hollowing out // automation - vs - skill & problem solving (figuring out how to automate/put something together/create new) - vs - end of the chain work (low end, manual, repetitive, service...) // within the next 20 years, 47% of jobs in developed world could be replaced by robots/automation/machines // Future of Work is about problem solving, not putting (end of the chain) things together. figuring out the new, making the new, making something better, more efficient, faster, better quality, ... // and as it stands now, those who reap the rewards will be few. and gov policy, ie tax evasion, tax avoidance, tax code, fairness, --- gains have to be shared.
squeezed  middle  class  White-collar  Worker  Blue-collar  Worker  manual  labour  labour  market  job  creation  skill-biased  technological  change  practical  skill  set  practical  skills  skill  gap  capital  skills  skills  gap  automation  Robotics  working  poor  Software  Is  Eating  The  World  3D  printing  Manufacturing  industrial  policy  UK  USA  Europe  developed  western  Future  of  Work  knowledge  economy  Problem  Solving  Mobile  Creatives  Mobile  Creative  domain  knowledge  knowledge  algorithm  precarious  Zero  Hour  Contract  Contractor  self-employment  insecurity  job  security  technological  progress  STEM  Makers  protectionism  Research  Revolution  2.0  Revolution  Universal  Basic  Income  tax  credit  tax  free  economics  of  abundance  marginal  cost  renewable  energy  Marketplace  destruction  creator  innovator  innovation  entrepreneurial  entrepreneurship  entrepreneur  Precariat  Share  post-capitalism  Super  Rich  1%  inequality  mobility  social  mobility  rapid  change  generational  change  tax  code  capital  gains  tax  growth  wage  stagnation  secular  stagnation  productivity  output  gap  shared  economic  interest  Wall  Street  exploitation  shareholder  value  profit  maximisation  fairness  Generationengerechtigkeit  Gesellschaft  identity  status  status  social  status  social  an 
august 2015 by asterisk2a
Will Advances in Technology Create a Jobless Future? | MIT Technology Review
Who Will Own the Robots? - We’re in the midst of a jobs crisis, and rapid advances in AI and other technologies may be one culprit. How can we get better at sharing the wealth that technology creates? // BY MARTIN FORD - The Great Divide: Unequal Societies and What We Can Do About Them BY JOSEPH E. STIGLITZ &! Inequality: What Can Be Done? BY ANTHONY B. ATKINSON &! The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies BY ERIK BRYNJOLFSSON AND ANDREW MCAFEE // &! Paul Krugman - “A lot of what’s happening [in income inequality] is not just the gods of technology telling us what must happen but is in fact [due to] social constructs that could be different.” - gov policy, corporate policy (ie 4-day work week and 6-hour days because productivity and profit margin do allow for that, and more brings diminished returns etc etc but will that go down well with Wall Street?)
Universal  Basic  Income  tax  evasion  tax  avoidance  crony  capitalism  shared  economic  interest  AI  Software  Is  Eating  The  World  marketplace  efficiencies  mobile  homescreen  mobile  phone  commodity  business  commoditization  Service  Sector  Jobs  Niedriglohnsektor  Future  of  Work  Creatives  Creative  skill-biased  technological  change  skills  gap  skill  mismatch  education  policy  Makers  4-day  week  6-hour  day  productivity  output  gap  secular  stagnation  squeezed  middle  class  working  poor  precarious  1099  Economy  Gig  Economy  self-employment  Zero  Hour  Contract  Contractor  on-demand  convenience  outsourcing  job  creation  job  market  labour  economics  labour  market  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  capitalism  inequality  capital  gains  1%  Super  Rich  meritocracy  meritocratic  tax  code  tax  tax  free  welfare  state  tax  credit  Public  Services  Social  Services  austerity  dogma  manufactured  consent  propaganda  populism  lobbyist  lobby  Lobbying  PR  spin  doctor  Robotics  3D  printing  Manufacturing  STEM  industrial  policy  automation  self-driving  cars  autonomous  car  marginal  cost  economics  of  abundance  safety  net  Gini  inequality  technological  technological  labour  capital 
august 2015 by asterisk2a
Elizabeth Warren: No Need to Stop Uber-ized Workforce, but Must Invest in Education (Video) | Re/code
Warren defends Uber-ization of labor // Elizabeth Warren, the Massachusetts senator denounced by some as a “far-left” socialist radical, came out in support of the “Uber-ization” of the labor force. “We’re not going to stop tech so that lots of people will work,” Sen. Warren said at yesterday’s Code Conference. “That’s like saying, ‘Let’s get rid of heavy equipment and let people dig with a spoon.'” // "how the on-demand economy is creating full-time jobs out of part-time work. Several startups, like Uber, rely on contract employers. Google CEO Larry Page has predicted that part-time working will soon be the norm." // marketplace lowers prices! its inevitable. Except there is regulation and a guaranteed income /w around minimum wage. // Wall Street - Capitalism - rootless global corporations (& money have no conscience) has no self-limiter. Is no stakeholder in a local economy has no shared economic interest whether in a local economy nor country. // on.recode.net/1eAwEE0
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may 2015 by asterisk2a
Bank of England says UK economy to grow by 2.5% in 2015 - BBC News
Mr Carney warned of "underlying weakness" as the Bank gave a gloomier picture for productivity growth. The Bank revised down its productivity forecast because it sees a disproportionate number of new jobs as low-skilled and low-output. Productivity growth is now expected to improve only modestly in the coming year before remaining below past average rates. 'Underinvestment' "Today's report should leave nobody in any doubt about the fundamental role of productivity growth in the UK economy's performance," said Aberdeen Asset Management chief economist Lucy O'Carroll. "The Bank of England has downgraded its growth outlook, and Mark Carney has put poor productivity right at the centre of the story. "He may have put part of the productivity disappointment of recent years down to a disproportionate pick-up in low-productivity jobs, but he has also admitted that underinvestment has played a role." [...] [+ EU&Global (China) headwinds] = in no rush to raise interest rates. &! bbc.in/1RIb9Ah
productivity  UK  job  creation  labour  market  labour  economics  Niedriglohn  Niedriglohnsektor  Services  Industry  service  industrial  policy  structural  imbalance  Impediments  output  gap  recovery  working  poor  squeezed  middle  class  USA  precarious  work  Precariat  self-employment  contractor  Zero  Hour  Contract  outsourcing  borderless  flat  world  globalisation  globalization  competitiveness  competitive  competition  Manufacturing  Career  Politicians  short-term  thinking  short-term  view  economic  history  GFC  dot.com  productive  investment  hunt  for  yield  asset  allocation  ZIRP  NIRP  QE  unintended  consequences  speculative  bubbles  speculative  speculation  ecosystem  education  policy  vocational  education  continual  education  underemployed  employability  long-term  unemployment  structural  unemployment  Revolution  2.0  entrepreneurial  entrepreneurship  Start-up  SME  SMB  Mittelstand  Software  Is  Eating  The  Share  Economy  service  Sector  Jobs  2015  sociology  trust  advice  psychology  anxiety  secular  stagnation  deflationary  digital  knowledge  sharing  shadow  1099  Economy  New  Economy  Venture  Capital  wantrepreneur  Year  of  Code  practical  skills  practical  skill  set  of  economics  of  apprenticesh 
may 2015 by asterisk2a

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