asterisk2a + problem + europe   7

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
If Schools Don't Change, Robots Will Bring On a 'Permanent Underclass': Report | Motherboard
via The respondents overwhelmingly agree that this lovely future where robots do the work and humans design the robots and everyone has leisure time and lots of money only exists in a fantasy future where the school systems pump out a shitload of Elon Musks and Sergey Brins—or, at the very least, people who can reliably work at the companies those guys own. [...] only the best-educated humans will compete with machines [...] and education systems [around the world] are still sitting students in rows & columns, teaching them to keep quiet and memorize what is told to them, preparing them for life in a 20th century factory.” // Rise of Service Jobs (dominance) in USA, even post-GFC. // ADD:
Robotics  AI  Future  of  Work  Start-up  of  You  Mobile  Creative  Mobile  Creatives  Year  of  Code  skill-biased  technological  change  practical  skills  practical  skill  set  capital  skills  knowledge  worker  White-collar  Blue-collar  human  capital  creativity  destruction  value  creation  Problem  Solving  complexity  unknown  unknowns  unintended  consequences  education  policy  Public  HR  human  resources  hiring  underemployed  structural  unemployment  employment  unemployment  leisure  time  disposable  income  working  poor  squeezed  middle  class  flat  world  globalisation  globalization  competitive  advantage  comparative  advantage  competitiveness  Competition  competitive  Career  Politicians  Precariat  Proletariat  sociology  psychology  Universal  Basic  Grundeinkommen  precarious  precarious  employment  Services  Industry  service  income  mobility  social  mobility  income  inequality  Gini  coefficient  living  wage  standard  of  living  minimum  wage  wage  stagnation  workforce  labour  economics  labour  market  middle  class  status  quo  sector  Europe  USA  disruption  knowledge  economy  domain  knowledge  domain  expertise  expertise 
august 2014 by asterisk2a
oftwominds-Charles Hugh Smith: The Changing Nature of Middle Class Work
The economy is changing in structural ways that affect not just the job market but the nature of work itself. If we ask, what is work?, the conventional answer is tasks that somebody will pay us to do. This is true, but it doesn't address why someone is willing to pay us. The answer is to create value. ... [ Skills, not Expertise. ] ...... As technology's ability to replace costly human labor moves from the factory floor to the service sector, the nature of middle class work is changing. [ IBM's company wide Pivot over +10 years from HW to Services and Software Company. With the accompanying downsizing. ] ... Jobs that can be learned in a few hours are prone to being replaced by machines. [...] The protected sectors beset by soaring costs (healthcare, higher education, major weaponry programs, finance, etc.) will undergo the creative destruction of technology-based productivity gains for the reason that they are already unaffordable, not just to households but to the nation.
skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  working  poor  value  creation  digital  economy  New  21st  Century  squeezed  middle  class  inequality  tax  code  tax  free  income  Gini  coefficient  elizabethwarren  globalization  globalisation  Robots  Robotics  technological  history  disrupting  markets  disruption  Innovation  productivity  Mobile  Creatives  creative  destruction  Book  Structural  Impediments  deficit  unemployment  imbalance  economics  workless  6-hour  work  day  working  class  work  life  balance  workplace  chaning  face  of  work  Future  Charles  Hugh  Smith  education  bubble  formal  education  coding  Higher  MOOC  education  USA  Europe  Asia  BRIC  UK  2014  Year  of  commodity  business  commoditization  lifestyle  purchasing  power  wage  stagnation  middle  class  automation  open  source  innovator  collaboration  global  economy  global  supply  chain  supply  chain  content  creator  digital  artist  Networking  social  capital  hybrid  work  flexible  work  Problem  Solving  Problemsolvers  work  experience  global  in  nature  free  trade  global  trade  Sweat  Equity  Gary  Vaynerchuk  accountable  lifestyle  businesses  lifestyle  business  workplace  security  human  capital  reputation  capital  skills  underemployed  Employability  part-time  employment  youth  unemployment  employment  of  lifehacker  life  life  of  life  l 
may 2014 by asterisk2a
Staatsmiese: Warum Sparorgien den Schuldenschlamassel verschlimmern - SPIEGEL ONLINE - Nachrichten - Wirtschaft
Der Druck der Finanzmärkte ist gewaltig. Deshalb folgen alle Staaten brav dem Diktat der Haushaltssanierung, kürzen Ausgaben und erhöhen Steuern. Allerdings ist diese Politik extrem kurzsichtig: Sie vernichtet Wohlstand und löst das Problem der hohen Verschuldung nicht.

Man darf nicht vergessen, dass die Schuldenlast in absoluten Beträgen wenig aussagt, sondern sich nur im Verhältnis zur Wirtschaftsleistung sinnvoll bewerten lässt.

Eine Faustregel fasst diese Logik zusammen: Der Schuldenstand eines Staates stabilisiert sich bei dem Wert, der sich ergibt, wenn man das Haushaltsdefizit durch das nominale - also nicht inflationsbereinigte - Wachstum teilt. Eine Regierung kann also jedes Jahr Schulden in Höhe von zwei Prozent des Bruttoinlandsprodukts machen - wenn die Wirtschaft mit nominal vier Prozent wächst, bleibt die Schuldenquote bei 50 Prozent.

Das Problem an den heutigen Sparpaketen der Regierungen liegt darin, dass sie die Wachstumsfrage völlig vernachlässigen.
austerity  growth  economics  debtoverhang  debt  sovereign  crisis  USA  UK  europe  PIIGS  lesson  deficit  problem  politics  GFC  greatrecession  recovery 
august 2011 by asterisk2a
Europe's future: Can anything perk up Europe? | The Economist
The single market remains half-built. The EU is 30% less productive than America in services. Because European services companies operate behind national barriers they innovate less and they tend not to gain the full economies of scale. Whole areas, such as health care, are exempted from EU-wide competition. Likewise some high-tech industries, such as telecoms, have been protected and others, such as e-commerce, barely existed in 1992. A single digital market could be worth 4% of EU GDP by 2020. The EU has a costly, fragmented patent system, so products (like far too many workers) cannot cross borders easily; energy supply has not been properly liberalised; debts are hard to collect across borders. And so it goes on. National to-do lists are just as long. In Spain and Italy privileged workers are protected, discouraging new permanent jobs. German entrepreneurs are immediately taxed on equity they put into a start-up. Europeans retire too early everywhere.
europe  free-market  germany  protectionism  startup  outlook  politics  EMU  2010  2011  2012  problem  problems 
july 2010 by asterisk2a
Europe's Next Great Test: Competitiveness Is Lacking -
"The euro exchange rate is a tighter grip than the gold standard was," says Mr. Crafts.

Whether devaluation would work, as it did in the 1930s, would depend on how wages reacted. If a sliding currency set off a round of wage increases, as some economists think it would, it would yield no competitive advantage.

That would mean the only practical prospect is for economies to regain their competitiveness against Germany, which has been the low-inflation anchor of the euro, the hard way.

Unless the European Central Bank deliberately relaxed monetary policy to set off a round of inflation—very unlikely—the alternative is for Greece and the other uncompetitive southern economies to embark on wage cuts that pushes inflation lower than Germany's over many years.
EMU  eu  europe  euro  economics  gold  history  greece  spain  germany  italy  portugal  competitive  greatrecession  inflation  deflation  sticky-wages  problem  economy  competitiveness 
march 2010 by asterisk2a

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