asterisk2a + services + living   42

First fall in consumer spending for almost 4 years
Consumer spending has fallen on an annual basis for the first time in almost four years [...] Adjusting for inflation, real consumer spending by British consumers on Visa debit, credit and prepaid cards in May was 0.8 per cent lower than in the same month last year. Visa said that seasonally adjusted spending was 1.8 per cent lower in May compared to April. The figures are unofficial, but suggest that sluggish economic growth continued in the second quarter, after a first quarter in which the UK grew at the slowest rate in the G7. [...] household consumption, which accounts for more than 60 per cent of the economy. [ 80 Services and Consumption 20 manufacturing ] /&! http://www.telegraph.co.uk/business/2017/06/11/new-economic-woes-put-theresa-may-fresh-pressure/ - The crucial services sector stands on the brink of a contraction
UK  Brexit  GE2017  Consumer  Confidence  creditcard  credit  card  discretionary  spending  disposable  income  inflation  living  standard  wage  growth  recession  Economy  2017  secular  stagnation  deflation  deflationary  BOE  ZIRP  QE  NIRP  Austerity  Services  materialism  Shopping  Consumerism  consumerist  household  debt  mortgage  Manufacturing 
june 2017 by asterisk2a
Britain’s economy is broken. We desperately need new ideas | Tom Kibasi | Opinion | The Guardian
If the country was economically bankrupt in 2010, it is intellectually bankrupt in 2017. On the eve of the general election, politicians of all parties have rarely been so devoid of progressive ideas [...] Yet in substance, May’s approach remains mere tinkering at the edges of economic policy. The Conservatives remain stubbornly allergic to – or ignorant of – Keynesian macroeconomics. [...] [and housing and real estate lending distorting the lending picture. houses are not productive! R&D, and firms are. and creating long-term jobs w real incomes to spend (not remortgaging your home bc of housing bubble]
Brexit  GE2017  London  Housing  Bubble  piggybank  Forex  British  Pound  recovery  GFC  Manufacturing  Services  Consumerism  Zombie  Austerity  underinvestment  confidence  fairy  Productivity  output  gap  QE  ZIRP  NIRP  banking  investment  distortion  lending  property  UK  Living  Standard  wage  income  growth  inflation  £ 
june 2017 by asterisk2a
'It feels like a wilfully ignored secret': how commentators painted Stoke-on-Trent all wrong | UK news | The Guardian
(career) politician placards and journalists (headline grabbing) can only tell one-line slogan stories. ... for "ordinary people" there is just no space. and they can't make space for them. [...] Not many of these accounts left any room for complexity, nor any recognition of Stoke’s collective push for regeneration and revival, and plenty of local people greeted them with a mixture of anger and anxiety. [ also sold out to professional class, the ascendent as on the other side of the pond ]
Brexit  complexity  DonaldTrump  Donald  Trump  AfD  PEGIDA  economic  history  squeezed  middle  class  working  poor  Precariat  globalisation  globalization  underinvestment  Austerity  Storytelling  GFC  bank  bailout  trickle-down  inequality  social  mobility  structural  unemployment  underemployment  part-time  minimum  wage  living  standard  technological  Career  Politicians  book  Redaktionsschluss  Labour  Tories  Conservative  Party  nasty  NHS  Professional  London  Productivity  Services  Journalism  Journalismus 
february 2017 by asterisk2a
Should Ofsted get a US boss? - BBC News
In particular, they are considering candidates who have been involved in the charter school movement, state-funded independent schools, with a similar ideological DNA to academies and free schools in England. The big impact of charter schools has been in the most deprived urban areas, credited with re-energising schools that had been in a state of chronic decline. It's a claim rejected by their opponents, particularly in US teachers' unions, who say that the successful glitz and PR around charter schools is not backed up by any significant long-term advantage. Some charter schools do well, some do badly... like any other type of school, they argue. The current mayor of New York, Bill de Blasio, has been accused by charter school groups of putting up "roadblocks" to their expansion. [...] [ PISA & a very mixed picture in USA ... and no co-operation, collaboration and trust. ]
education  policy  Ofsted  regulation  regulators  staff  morale  staff  shortage  austerity  UK  Gini  coefficient  social  mobility  income  mobility  inequality  child  poverty  tax  credit  Food  Bank  poverty  fuel  poverty  single  mother  poverty  poverty  trap  Services  Public  Services  Council  Tories  nasty  party  Nicky  Morgan  Michael  Gove  George  Osborne  David  Cameron  living  wage  minimum  wage  Precariat  precarious  work  working  poor  low  pay  low  income  income  inequality  health  inequality  Toff  Privileged  Establishment  Westminster  Whitehall  No  Representation  bailout  tax  evasion  tax  avoidance  PISA  Workers  Union  Trade  Union 
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.
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january 2016 by asterisk2a
Cameron: Labour doesn’t believe in home ownership – video | Society | The Guardian
home ownership is the only wealth item in privates balance sheet. but as we know from history, dont base ur wealth on one asset. particular houses. houses/flats are there to be lived in. & maybe move out & into a new one, moving city for new or better job. property should not be prioritised as singular wealth storage // USA promoted home ownership // Tories policy is helping people save, and buy, keeping the house prices going up an up and up. // &! Complete Privatisation of housing market; Ministers want to get rid of social housing, former civil service chief to say. Lord Kerslake to say housing bill will force councils to sell off more than 100,000 homes to subsidise right-to-buy discounts - bit.ly/1Qr1FKr - The former head of the civil service will accuse government ministers this week of trying to phase out social housing altogether in favour of a new generation of “starter” homes that will be unaffordable for people on low incomes. //&! bit.ly/20lvGOp Privatisation a disaster
nasty  party  policy  folly  policy  error  Makers  generation  rent  Tories  Conservative  mortgage  market  property  bubble  Housing  Crisis  household  debt  consumer  debt  credit  card  debt  zombie  consumer  subprime  cost  of  living  standard  of  living  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let  Help-to-Save  macroprudential  policy  wealth  distribution  wealth  management  austerity  neoliberalism  neoliberal  social  affordable  Privatisation  budget  deficit  Council  Public  Services  Services  David  Cameron  George  Osborne  budget2015 
january 2016 by asterisk2a
UK's most expensive city facing 'catastrophe' - BBC News
shortage of supply = unaffordable = nobody can afford to live there, work there, study there. or have to commute from out of town for 1 hour or more. // this is not only a problem in Oxford. NHS Grampian has problems of recruiting because unaffordable house prices and rents pushed up by Oil Industry and the lack of new housing. Same for teaching jobs. // all the while building companies make pumper profits and even skirt around the edges to lower the ratio of social and affordable housing they have to provide with each new big project. its in their interest, if prices were to fell, they would make less money. so they build not enough to keep up with demand at all. and not enough so each new builds profit rises because of risen demand and people willing to pay more for the same house or flat from previous year or two or three despite no real improvement in the build technically/energy efficiency wise/or architecture wise - modern, wide open, big windows. //
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october 2015 by asterisk2a
Lord Ashcroft 'not settling scores' with David Cameron book - BBC News
"If this was just a revenge job, Lord Ashcroft & I could have published it before the election." bbc.in/1V5Rl94 CoAuthor Isabel Oakeshott //&! bbc.in/1FpIfC4 - Ashcroft quits the House of Lords //&! Ashcroft & Cameron - an inevitable end? Two powerful men need each other, and then one of them becomes more powerful, and doesnt need the other anymore. [...] [book] looks a lot like revenge. [...] The Conservatives needed him, as all political parties need money, & between 2002/11 he gave more than £5m. [ those who want leadership position/power, ie Cameron, are & will be never great leaders when history judges them ] - bbc.in/1MEYLko bit.ly/1LrS8QP bit.ly/1MEppd0 bit.ly/1PktP6A bit.ly/1gH7wvI bit.ly/1NHFptp &! So Cameron was young & reckless. Lucky he wasnt young, reckless & poor - bit.ly/1Oqc8Fg bit.ly/1j3nRwJ bit.ly/1LIGEnD bit.ly/1V6xSoy - Cameron is part of a select group of people to whom different rules apply, and he knows it, [like evryone else in Britain [dubbed Hameron scandal].
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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
Jobseeking Surrounded By Fictions, Myths And Convenient Narratives | Welfare Weekly
It is worth remembering that the origin of the social welfare payments by the state was to stop these kinds of moral judgements being made about a deserving and an undeserving poor. The state officially supports the stereotype of sympathy for the ‘deserving poor’ and scorn for the near criminality on the part of ‘scroungers’. [...] unemployed people are forced to drink this [Tories] cool-aid or face destitution. [...] Underlying all this is the deeper fiction that individuals are responsible for their own state of unemployment. [...] There is a broader change in the world of work, - neo-liberalism - whereby the rules developed at the height of the industrial revolution are now fully circumvented by employers [...] transfer the risk and responsibility around labour from the organisation (and state - ie keeping national workforce competitive through various means of education) to the individual. [...] leading 2 lowest common denominator regulation. [short-term, price fight, dereg]
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august 2015 by asterisk2a
Joseph Stiglitz: It’s Time to Get Radical on Inequality - YouTube
Nobel laureate Stiglitz, author of The Price of Inequality and The Great Divide, studies the forces driving inequality and what is at stake if it continues. In his view, bad economic thinking deserves part of the blame — fanciful ideas like trickle-down and the notion that economists should try to increase the size of the economic pie and let the politicians worry about distribution. On the contrary, Stiglitz sees distribution as a problem economists must confront. He warns that an economic system that doesn’t raise standards of living for most Americans is a failure. [...] monopoly rent = too big to fail/tbtf (bailout) == cost to society/economic damage == where was antitrust!? monopolies are less productive & costly eventually in the long-term. rent exploitation through lobby! [...] this is bad for everyone, rising inequality, lower inequality is an econ multiplier // &! The Great Divide with Joseph Stiglitz and Robert Reich - youtu.be/e3aJxy9tA-w &! youtu.be/U-oEjFKCp00 NEET
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july 2015 by asterisk2a
Inequality and the Challenge of Employment - New Economic Thinking - YouTube
intrinsic motivation, fairness, social animal - social comparison (is encoded into the brain) - status anxiety // self-interest mostly wins over ethics/moral values? // trust between principle & agent // org structure and inventive - ie bonus variable attracts more selfish people and risk takers // justice and fairness is critically important - not only in orgs but also democracies //&! Natural rate theory (equilibrium) - service sector jobs (unskilled manual labour jobs) w minimum wage and not higher. and flexible wages with no minimum wage (USA) create working poor/inequality. institutional change - economists are not just analysts they also affect policy makers (think tanks). // austerity hurts equality/social mobility = economic long-run damage to potential (thus output gap and productivity loss) - lack of supply of able workforce to create added value products & services. trickle-down not helping. //&! tax code unfair, lower capital gains tax than on earned (labour) income
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july 2015 by asterisk2a
Resistance is not enough – we need a whole new political vision | Zoe Williams | Comment is free | The Guardian
[ trying to pit the weak and squeezed against the weaker, on the the dole, and bread line and disadvantaged (born into extreme poverty) ] // The budget took us further down a vindictive, regressive path. But we don’t have to toe the government’s line – we need to decide how we want society to look // [ Book owen Jones - The Establishment ] // [ cutting away left and right, even those things which help long-term creating opportunity - eduction policy, vocational education, (Student Maintenance Grant) social services, mental health and well being ... ] [...] To attack first entails retaking the language, so that we aren’t constantly battling on the territory of “common sense” that has already been demarcated and controlled by someone else. Professor Danny Dorling, at the British Library’s weekend conference on London, had this suggestion, in the wake of Osborne’s appropriation of the phrase “living wage”. [ Same with re-appropriating child poverty targets ] [ intellectual scum ]
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july 2015 by asterisk2a
BBC iPlayer - Newsnight - 08/07/2015
"Comprehensive analysis of the Budget with Evan Davis and guests." // During the election David Cameron said child tax credit/benefit was off the list of welfare spending cuts. - broken election campaign promise // --- SHOULD BE (Labour Party Policy for next election):: make work pay and eliminate child poverty AND help people (everyone) w education and support to find better and more gainful work that lift them and the economy by producing added value products. // no path to higher wages, no path to higher productivity, no path to added value British Products export increase (manufacturing, research, STEM, ...) // low wage jobs have no to very little economic multiplier ... take into account tax credits etc and it is net-negative for state and the council //
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july 2015 by asterisk2a
The Tory budget plan to cut tax credits – is it naive or just plain cynical? | Politics | The Guardian
[// If the Toff thinks firms will pay living wage & will not try to skirt around, he is intellectually a fraud & a cynic. //] [...] [P]roclaiming his renewed determination 2 take 12bn more out of the 220bn benefits bill, Osborne is being dishonest in an Alex Salmond sort of way. He & Dave have again ringfenced the £95bn pensioners share of the bill (state pensions plus perks like free TV licences), which is by far the largest component. Why? Pensioners bother to vote. They also retain the quaint old habit of buying newspapers. The Tory newspapers support pensioner perks. [ No Leadership, opportunistic, ... ] &! bit.ly/1KIQ4Tg Greek turmoil offers Osborne justification for his dictum of austerity [...] UK Manufacturing just 10% of Economy, oil capital shrinking, &! We are all in this together ... he pits each against each other for his agenda, ideology, dogma of the small state &free market while bailing out crony capitalism &zombie banks &treating them all same as if nothing happened
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july 2015 by asterisk2a
Arbeitsmarkt: Prekäre Beschäftigung belastet Privatleben - SPIEGEL ONLINE
Leiharbeiter, Minijobber und Teilzeitbeschäftigte müssen nicht nur mit geringem Einkommen vorlieb nehmen. Die Berufssituation wirkt sich einer Studie zufolge auch negativ auf ihr Privatleben aus. Besonders bei Frauen. [...] Dabei betrachten die Forscher atypische Beschäftigung nicht pauschal als Teufelswerk, betonen aber den zwiespältigen Charakter: Während Arbeitnehmer befristete Stellen und Leiharbeit ganz überwiegend unfreiwillig und mangels alternativer Angebote übernähmen, sehe das bei Teilzeit- oder Minijobs auf den ersten Blick teilweise anders aus. Insbesondere Frauen entschieden sich häufig bewusst für einen solchen Job, um mehr Zeit für die Familie zu haben. Doch selbst wenn es sich "oberflächlich betrachtet" um eine freiwillige Wahl handele, steckten dahinter oftmals "strukturelle Zwänge", wie etwa fehlende Möglichkeiten der Kinderbetreuung oder die geringe Bereitschaft der Arbeitgeber, den Bedürfnissen von Familien Rechnung zu tragen.
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june 2015 by asterisk2a
David Cameron speech: I'll end welfare merry-go-round - BBC News
Cameron thinks corporations will pay living wage instead of minimum wage & hire full-time only. &! "We are all in this together." &! punishment over incentives (personal), guidance&practical help; JSA claimants are put on private agency lists who get a referral bonus if they put them in work. Scheme, since introduction it seems, was neither a success nor failure. Numbers are kept under wraps. // "It comes amid a debate over plans for £12bn in welfare cuts, the details of which have not been revealed. [...] According to the Treasury, about 4.5 million families received child and working tax credits in 2013-4, nearly 70% of which were in some form of employment. [ flexible labour market conditions (liberal economic reforms) introduced massive rise in precarious employment ] // bbc.in/1Lrsjkj - "You identify a million people who you'd like to take £1,000 away from and I'll do it." [Speech was 4 grounding a message/theme for the cuts ahead] &! bbc.in/1J2i42h bbc.in/1K9KquD bbc.in/1N5iAxq
Career  Politicians  David  Cameron  living  wage  austerity  tax  credit  working  poor  precarious  work  Precariat  Toff  Privileged  Establishment  Sozialer  Abstieg  status  anxiety  squeezed  middle  class  poverty  in  old  age  child  poverty  food  poverty  poverty  Social  Services  Public  Services  Conservative  Party  Iain  Duncan  Smith  George  Osborne  opportunist  Opportunism  IMF  OECD  Gini  coefficient  fairness  budget  deficit  mobility  income  mobility  education  policy  DWP  policy  folly  policy  error  short-term  thinking  short-term  view  underemployed  self-employment  employability  long-term  unemployment  labour  market  labour  economics  Zero  Hour  Contract  contractor  1099  Economy  Zeitarbeit  Leiharbeit  outsourcing  low  income  tax  free  income  practical  skills  practical  skill  set  vocational  education  MOOC  e-learning  online  learning  competitiveness  competitive  Future  of  Disabled  disability  child  tax  credit  working  tax  credit  microeconomic  policy 
june 2015 by asterisk2a
Florida man undermines Uber’s claim that drivers aren’t employees | PandoDaily
tech-enabled marketplace in your pocket. (1) trading money for time and (2) finding through the marketplace efficiently someone to do it (price discovery, finding a natural equilibrium - how ever it might look). A search engine for people doing manual mennial labour. // http://www.fastcoexist.com/3040863/stop-saying-uber-is-part-of-the-sharing-economy
1099  Economy  Share  Economy  self-employment  contractor  contract  Zero  Hour  Leiharbeit  Zeitarbeit  neoliberal  neoliberalism  working  poor  precarious  work  Precariat  poverty  uncertainty  USA  UK  Europe  exploitation  marketplace  on-demand  convenience  Uber  Lyft  Hailo  Instacart  Postmates  Homejoy  Helpling  Handy  minimum  wage  living  wage  search  engine  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  Services  Industry 
may 2015 by asterisk2a
Headline Numbers: How do you measure inequality? - BBC News
Research from the Institute for Policy Studies found that in 2014, bonuses paid to Wall Street employees had been double the total annual pay earned by all Americans who worked full-time at the federal minimum wage. I crunched the numbers and it turned out that the same was true for the UK. [...] The Office for National Statistics (ONS) had figures out on Wednesday based on the definition that people were in poverty if their income was below 60% of the median level (to find the median income, line up all the people in the country in order of income and take the middle one). It found that almost a third of the UK population had experienced poverty in at least one of the years between 2010 and 2013, which is very high by European standards. The OECD sets out a summary of what has happened to examples of all three of these measures. Across its 34 member countries, the Gini Coefficient rose gradually from 1996, fell slightly for the financial crisis and then resumed its upward path.
inequality  Gini  coefficient  income  inequality  income  growth  minimum  wage  Niedriglohnsektor  working  poor  precarious  work  Precariat  Zeitarbeit  Werkvertrag  Leiharbeit  Western  World  bonuses  bonus  compensation  package  1%  Super  Rich  squeezed  middle  class  working  class  Blue-collar  Worker  tax  code  taxation  tax  evasion  tax  avoidance  living  wage  standard  of  living  living  standard  disposable  income  discretionary  spending  UK  USA  GDP  Service  Sector  Jobs  Share  Economy  knowledge  knowledge  Mobile  Creatives  Mobile  Creative  Future  of  Industrial  Revolution  2.0  Software  Is  Eating  The  World  competition  differentiate  differentiation  borderless  flat  globalisation  globalization  capital  gains  Wall  Street  recovery  ZIRP  NIRP  QE  TARP  POMO  bailout  Career  Politicians  No  Representation  democracy  lobbyist  lobby  Lobbying  Workers  Union  presidency  barackobama  revolving  door  Washington  trust  confidence  poverty  child  poverty  poverty  in  old  age  food  poverty  income  distribution  income  mobility  income  redistribution  downward  mobility  social  mobility  austerity  welfare  welfare  state  Services  Public  Services  social  safety  net  IMF  OECD  GFC  social  tension  social  cohesion 
may 2015 by asterisk2a
I was an undercover Uber driver :: Cover :: Philadelphia City Paper
I talked to maybe 20 randomly hailed UberX and Lyft drivers between November and March. All but one were male immigrants, primarily from Africa, South Asia and the Middle East, and most spoke heavily accented English. It's a completely different group from the drivers I'm able to get in touch with through Uberpeople.net, the demographics of which I'd call "Reddit-ish." All the immigrant drivers who spoke to me took a lot of pride in providing excellent service. Few had been Uber drivers for more than a month or two. Many were helping support multiple family members, most had at least one other job and all worked hours that would reduce me to a weeping wreck in a month. [// working on a marketplace platform does not allow you to differentiate yourself // Seth Godin - being remarkable, the purple cow] [Uber also in transparent about cost structure for drivers and their own mini business] [Uber&Co, bc of marketplace, is resistant 2 workers protests] [there is also no minimum wage]
Uber  Lyft  public  transportation  Service  Sector  Jobs  Niedriglohnsektor  economy  Services  Industry  Hailo  BlaBlaCar  Share  marketplace  efficiencies  marketplace  plurality  marketplace  working  poor  1099  self-employment  precarious  work  Precariat  differentiate  differentiation  Industrial  Revolution  2.0  Future  of  autonomous  car  self-driving  cars  transportation  urbanisation  urban  planning  transparency  corporate  governance  corporate  values  Travis  Kalanick  living  wage  minimum  wage  car  ownership  ownership  Zero  Hour  Contract  uncertainty  Software  Is  Eating  The  World 
may 2015 by asterisk2a
UK firms used 1.8m zero-hours contracts, says ONS
bit.ly/1JwCXEk &! bit.ly/1vyV6wH - Almost 700,000 people in UK have zero-hours contract as main job Figures show staff deals with no guaranteed hours have risen 26% since last year with number of such contracts jumping from 1.4m in 2013 to 1.8m &! bit.ly/1OuHw6o &! on.ft.com/1JwD5no - The use of zero-hours contracts varies dramatically by sector for the economy, with 53 per cent of accommodation and food services companies using them, compared with just 3 per cent of information and finance companies. Part of the difference between the two official estimates is due to people who had more than one zero-hours contract with different employers or those who had a zero hours contract to supplement their main employment, but it highlights the difficulty in producing a reliable estimate of how many people are working under such terms and conditions.
Zero  Hour  Contract  neoliberal  neoliberalism  liberal  economic  reform  austerity  labour  market  labour  economics  working  poor  poverty  precarious  work  Precariat  uncertainty  chronic  stress  work  environment  crony  capitalism  human  capital  exploitation  short-term  thinking  short-term  view  Wall  Street  profit  maximisation  shareholder  value  Niedriglohnsektor  Service  Sector  Jobs  economy  Services  Industry  Workers  Union  minimum  wage  living  wage 
may 2015 by asterisk2a
Living wage employer says everyone benefits - BBC News
The legal minimum wage is currently set at £6.50 an hour, below the £7.80 living wage which is the rate thought to be sufficient to adequately pay bills. A BBC Scotland investigation has found that 10 of the 50 biggest employers in Scotland say they pay staff a living wage. Jenny Stewart of KPMG, one of the firms who pay a living wage, say it benefits employee and employer: "We saw a 50% reduction in turnover of staff... staff morale went up considerably. "The individuals were getting the benefit of the living wage but neither KPMG nor the subcontractors were having additional cost as a result." Watch BBC Scotland Investigates: Low Pay for Life on BBC One Scotland on Monday, 18 May, at 20:30 and on the BBC iPlayer following transmission. // http://www.bbc.co.uk/news/uk-scotland-32722572 &! http://www.bbc.co.uk/iplayer/episode/b05vm46n/bbc-scotland-investigates-2015-4-low-pay-for-life &! http://www.bbc.co.uk/programmes/articles/MVD54KqFTxf7Mr1wG4QBk1/who-pays-the-living-wage
living  wage  minimum  wage  working  poor  precarious  work  Precariat  social  mobility  income  mobility  income  inequality  poverty  UK  Public  Services  Services  welfare  state  welfare  tax  credit  tax  free  income  No  Representation  bailout  austerity  Career  Politicians  voter  turnout 
may 2015 by asterisk2a
Rt Hon David Blunkett MP | Where Next for Welfare? - YouTube
helping people to cope w change in the labour market, enabling to succeed in a changing labour market. // instead one is exposed to the downward spiral of long-term unemployment, instead of enabling social mobility and income (and personal) growth // throwing away human capital // we inherit what we seed - you reap what you sow // min 24 - getting corporate entities to pay their fair share of tax // min 30 - honest system // psychology of welfare, the right way // min 55 investing in people, personal advisor // tax credit for on the job training/on-boarding of long-term unemployed, dual system (education & job), apprenticeships paying living wage // corporates get subsidies, why does an employee can't get that - helping to compete in this labour market // &! Welfare: When does the State say no? | 18.06.2013 - youtu.be/aBo-1WVu2YE // // &! [Labour] Alan Milburn: Education’s role in promoting social mobility - youtu.be/-sTuE2X99G4 - https://www.gov.uk/government/people/alan-milburn
welfare  welfare  state  social  safety  net  Public  Services  Services  labour  market  labour  economics  vocational  education  education  policy  practical  skills  practical  skill  set  apprenticeships  austerity  hartz-iv  ALG2  Germany  UK  IMF  economic  history  policy  error  short-term  thinking  short-term  view  policy  folly  Career  Politicians  Conservative  Party  microeconomic  policy  macroeconomic  policy  job  creation  job  market  underemployed  long-term  unemployment  long-term  view  long-term  thinking  David  Cameron  economic  damage  income  growth  fear  solidarity  social  cohesion  social  tension  competitiveness  competitive  competition  on  job  training  social  mobility  downward  mobility  income  mobility  human  capital  gesellschaft  stereotype  Gini  coefficient  inequality  2015  child  care  tax  credit  low  income  working  poor  precarious  work  Precariat  Proletariat  self-employment  income  distribution  income  inequality  income  redistribution  Super  Rich  1%  fairness  unrecht  budget  deficit  tax  evasion  tax  avoidance  loopholes  No  Representation  Establishment  Privileged  Toff  continual  education  child  poverty  food  poverty  poverty  moral  beliefs  ethical  beliefs  corporate  culture  corporate  values  paid  maternity  leave  sickness  benefits  paid  paternity  leave  HR  human  resources  Disabled  employability  youth  unemployment  structural  unemployment  tax  code  tax  free  income  living  wage  minimum  wage  society  disposable  income 
may 2015 by asterisk2a
Revealed: hitlist of welfare cuts facing Britain's next chancellor | Politics | The Guardian
No Representation; personal & corporate tax avoidance/evasion (criminal behaviour) & non-dom, as well as progressive tax code (just lowered last term to 45% for 150k.) Instead should be 50% as it was. As well as introducing a 55%/60% for 500k/1m. // &! UK living standards fell for all but the richest under coalition – analysis - bit.ly/1Rc2PZg // &! bit.ly/1JU55Cm "when it comes to cuts there is no longer any “low-hanging fruit”. What’s left are in large part harsh cuts hitting middle-income working families" [...] Cameron spoke this morning of a “one nation” Toryism but he will know his £12bn of cuts will disproportionately hit the poor, young sick and​ disabled. The cuts will deliver more pain, fear and instability to those they affect. [...] seriously dismantling the welfare state [Cameron and Tories] will know this carries a political cost. // &! bit.ly/1PwOhQg bit.ly/1GaA37k bit.ly/1Ij67FZ bit.ly/1FJecDL bit.ly/1IAKanv
austerity  Public  Services  Social  Services  maternity  pay  welfare  state  safety  net  UK  David  Cameron  Conservative  Party  budget  deficit  No  Representation  Gini  coefficient  mobility  income  mobility  squeezed  middle  class  tax  credit  working  poor  low  income  precarious  work  Precariat  Zero  Hour  Contract  contractor  Workers  Union  uncertainty  Proletariat  Toff  Establishment  Privileged  discretionary  spending  disposable  income  income  growth  living  wage  living  standard  standard  of  living  cost  of  living  minimum  wage  underemployed  self-employment  education  policy  vocational  education  working  class  Blue-collar  Worker  White-collar  Worker  knowledge  fiscal  policy  Disabled  poverty  in  old  age  child  poverty  food  poverty  poverty  gesellschaft  cohesion  tension  demagogue  demagogy  fear  opportunist  Opportunism  security  welfare  fairness  recovery  GFC  inequality  income  inequality  capital  gains  middle  class  society  culture  Spin  Doctor  solidarity  child  benefit 
may 2015 by asterisk2a
Larry Summers: I'm Concerned U.S. Growth Won't Pick Up - YouTube
Not enough investment in productive entities that create living wage & middle class jobs. // credit induced growth & exhaustion of easy growth (China) // Debt Fueled Growth ends rarely gently. (GFC) // western world >> too little internal demand, its deflation and inflation
secular  stagnation  output  gap  productivity  Western  World  lost  decade  ZIRP  NIRP  QE  Wall  Street  precarious  work  Precariat  USA  UK  Europe  working  poor  squeezed  middle  class  disposable  income  discretionary  spending  ROI  hunt  for  yield  short-term  thinking  short-term  view  lost  generation  living  wage  structural  imbalance  Impediments  globalisation  globalization  borderless  competitiveness  competitive  competition  Industrial  Revolution  2.0  Service  Sector  Jobs  Niedriglohnsektor  Services  Industry  economy  fiscal  policy  monetary  policy  economic  history  Germany  middle  class  Zeitarbeit  Leiharbeit  Werkvertrag  exploitation  profit  maximisation  shareholder  value  deflationary  productive  investment  Food  Stamps  Aufstocker  ALG2  hartz-iv  austerity  Larry  Summers 
may 2015 by asterisk2a
After Your Job Is Gone | TechCrunch
Future  of  Work  Mobile  Creatives  Mobile  Creative  Software  Is  Eating  The  World  Robotics  autonomous  car  self-driving  cars  algorithm  automation  first  homescreen  phone  Peak  Peak  Jobs  self-employment  Zero  Hour  Contract  contractor  precarious  Precariat  working  poor  crony  capitalism  shareholder  value  profit  maximisation  globalisation  globalization  borderless  flat  competitiveness  competitive  competition  freelance  freelancing  competitive  advantage  education  policy  Share  Economy  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  industry  Services  on-demand  convenience  austerity  Universal  Basic  Income  welfare  welfare  state  social  safety  net  minimum  wage  living  wage  Makers  Career  Politicians  protectionism  Uber  public  transportation  transportation  AirBnB  Postmates  Lyft  disposable  squeezed  middle  class  social  cohesion  democracy  No  Representation  Wall  Street  outsourcing  1099  Economy  3D  printing  industrial  policy  Manufacturing  Mittelstand  SME  SMB  Leadership  Programming  STEM  Bulimie  lernen  online  learning  e-learning  Google  vocational  education  Sozialer  Abstieg  Soziale  Marktwirtschaft  marginal  cost  economics  of  economics  economics  abundanc 
may 2015 by asterisk2a
Mark Hatch & Thomas Kalil | Studio SX | SXSW ON - YouTube
min 8:30 // by 2030, 50% of the employment will be self-employed, contractors, freelancers, consultants ... including on the manufacturing side. not just knowledge workers and the services industry. // western world's middle class and affluence gets hollowed out by the rise of the rest, loss of competitive advantage, and the 2nd industrial revolution. taking greater share of the growth of the global economy, compared to western world.
labour  market  labour  economics  Future  of  Work  self-employment  employment  precarious  working  poor  uncertainty  Zeitarbeit  freelancing  freelance  contractor  Zero  Hour  Contract  consulting  Share  Economy  Services  Industry  service  Niedriglohnsektor  knowledge  worker  knowledge  3D  printing  on-demand  marketplace  marketplace  efficiencies  SME  SMB  Software  Is  Eating  The  World  algorithm  Manufacturing  Robotics  automation  flat  borderless  globalisation  globalization  competitive  Western  World  secular  stagnation  Industrial  Revolution  Industrial  Revolution  2.0  economic  history  protection  protectionism  GFC  output  gap  productivity  recovery  sovereign  debt  crisis  Super  Cycle  squeezed  middle  class  standard  of  living 
april 2015 by asterisk2a
Deutschlands Handelsbilanz: Die Probleme einer Exportnation - SPIEGEL ONLINE
In Deutschland wird zu wenig investiert, zugleich spielen wir bei den Exporten bald in unserer eigenen Liga. Die Unternehmenslobby fordert eine Senkung der Lohnkosten. Doch genau das Gegenteil wäre die richtige Lösung. // &! Müllers Memo: Der Kapitalismus funktioniert nicht mehr - Die Weltwirtschaft leidet immer noch stark unter den Folgen der Krise von 2008. Der Hauptgrund: Die Unternehmen investieren viel weniger als früher.
business  confidence  trustagent  trust  GFC  recovery  deleveraging  global  imbalances  balance  sheet  recession  debtoverhang  sovereign  debt  crisis  PIGS  Europe  ECB  economic  history  IMF  austerity  OECD  business  investment  productive  investment  productivity  output  gap  UK  Wall  Street  Germany  France  infrastructure  investment  BRIC  Asia  Latin  America  borderless  globalisation  flat  world  globalization  savings  glut  ZIRP  NIRP  QE  hunt  for  yield  bond  bubble  debt  bubble  unintended  consequences  Taper  USA  Fed  BOE  Abenomics  BOJ  lost  decade  lost  generation  youth  unemployment  precarious  work  Precariat  Service  Sector  Jobs  Share  Economy  Services  Industry  Industrial  Revolution  Future  of  Software  Is  Eating  The  automation  Robotics  AI  artificial  intelligence  augmented  intelligence  algorithm  Super  Rich  1%  middle  class  squeezed  middle  class  living  wage  working  poor  Exportweltmeister  crony  capitalism  exploitation  lobby  Lobbying  lobbyist  Career  Politicians  No  Representation  consumer  confidence  demographic  bubble  zombie  corporations  zombie  banks  zombie  consumer  secular  stagnation  structural  imbalance  Impediments  faultlines 
april 2015 by asterisk2a
OECD moniert wachsende Ungleichheit zwischen Arm und Reich - SPIEGEL ONLINE
[ The Economic case for better equality ] - Die Ungleichheit in Deutschland hat sich laut OECD deutlich verschlimmert - und den Aufschwung gebremst. Eine gerechtere Sozialpolitik hätte demnach bis zu sechs Prozentpunkte mehr Wachstum möglich gemacht. [... ] Die OECD fordert die Politik zum Gegensteuern auf. "Unsere Analyse zeigt, dass wir nur auf starkes und dauerhaftes Wachstum zählen können, wenn wir der hohen und weiter steigenden Ungleichheit etwas entgegensetzen", sagte Generalsekretär Angel Gurria. "Der Kampf gegen Ungleichheit muss in das Zentrum der politischen Debatte rücken." [...] Eine Umverteilung von oben nach unten mittels Steuern und Transfers sei nicht zwangsläufig wachstumsschädlich, solange entsprechende Maßnahmen zielgenau angewandt werden, schreibt die Industrieorganisation. Eine solche Verteilungspolitik müsse sich vor allem auf Familien mit Kindern sowie auf junge Menschen konzentrieren und deren Lernchancen verbessern.
Niedriglohn  Niedriglohnsektor  hartz-iv  Aufstocker  Precariat  precarious  work  working  poor  minimum  wage  mindestlohn  living  wage  cost  of  living  Germany  competitiveness  competitive  advantage  comparative  advantage  flat  world  globalization  globalisation  Fachkräftemangel  Agenda  2010  Social  Services  Gini  coefficient  gender  inequality  gender  pay  gap  income  inequality  inequality  disposable  income  Lohnzurückhaltung  lohndumping  Leiharbeit  Zeitarbeit  Policy  Makers  short-term  thinking  short-term  view  Career  Politicians  folly  error  Exportweltmeister  election  campaign  promises  kalte  Progression  coldprogression  Angela  Merkel  CDU  CSU  SPD  No  Representation  SMB  SME  tax  avoidance  tax  evasion  Budget  Schwarze  Null  infrastructure  investment  OECD  austerity  welfare  state  safety  net  cohesion  tax  code  tax  free  income  Universal  Basic  Grundeinkommen  Gerechtigkeit  fairness  Democratic  Process  democracy  education  Year  of  Mobile  Creative  Mobile  Creatives  practical  skill  set  skill-biased  technological  change  Software  Is  Eating  The  practical  skills  continual  education  mobility  income  mobility  discrimination  Super  Rich  1%  Privileged  economic  history  crony  capitalism  capitalism  Wall 
december 2014 by asterisk2a
BBC News - 'Pay benefits faster' to reduce hunger, MPs urge
&! http://www.bbc.co.uk/news/uk-30323682 "The young people going hungry in the UK this winter" >> " "The requirement that international human rights law imposes on states is to ensure that all families are sufficiently protected by either income-generating employment or by social protection in order not to have to depend on charity. It's that simple." The DWP says the Oxfam and YMCA reports failed "to provide convincing evidence of a causal link between welfare reforms and increased use of food banks"."
food  poverty  Social  Services  precarious  work  working  poor  living  wage  cost  of  living  minimum  wage  austerity  hardship  UK  child  poverty  poverty  in  old  age  poverty  youth  unemployment  safety  net 
december 2014 by asterisk2a
UN officials 'shocked' by Detroit’s mass water shutoffs | Al Jazeera America
"“Disconnection of water services because of failure to pay due to lack of means constitutes a violation of the human right to water and other international human rights,” U.N. officials de Albuquerque and Farha wrote in advance of their arrival." [...] for example, the agency spent $537 million that had been earmarked for repairs paying off interest-rate swaps to major banks." --- A United Nations special rapporteur on the human right to safe drinking water and sanitation visited Detroit over the weekend, where thousands of city residents have been left without water because they can't afford to pay water bills (prices have skyrocketed to twice the national average). She was "shocked" by the way the shut off is "affecting the weakest, the poorest and the most vulnerable.” - via https://www.facebook.com/moyersandcompany/posts/888065581211454 & http://america.aljazeera.com/opinions/2014/6/detroit-public-watershutoffsunitednationsprivatization.html
poverty  working  poor  Detroit  living  wage  minimum  wage  living  standard  cost  of  living  water  supply  drinking  water  public  utility  Wasserprivatisierung  Privatisation  privatization  human  rights  humanity  Wall  Street  crony  capitalism  profit  maximisation  Career  Politicians  USA  U.N.  UN  discrimination  post-racial  America  racisim  public  health  standard  of  living  Gini  coefficient  income  inequality  income  distribution  inequality  social  mobility  income  mobility  accountability  oversight  democracy  Democratic  Process  Services  governance  Political  interest-rate  swaps  GFC 
october 2014 by asterisk2a
BBC News - Child poverty set to rise, says social mobility commission
The UK risks becoming a "permanently divided" society unless "radical new approaches" are taken by the next government, a report suggests. [...] Housing costs and youth unemployment needed to be tackled. [...] 'Relative poverty' The existing targets were put in place in 2010 by the last Labour government. Currently, a child is classed as being in relative poverty if his or her family income is less than 60% of median earnings. (Here's an explanation of how the median is worked out.) [...] The House of Commons Scottish Affairs Committee defined absolute poverty as "the lack of sufficient resources with which to keep body and soul together". "[A]bsolute child poverty increased by 300,000 between 2010-11 and 2012-13" and "independent experts expect child poverty to increase significantly over the next few years". It also says that "working poverty after housing costs is rising". 20% of Scottish children and 24% of Welsh children live in absolute poverty.
child  poverty  poverty  food  poverty  Gini  coefficient  income  inequality  income  mobility  social  mobility  downward  mobility  education  policy  Services  Career  Politicians  No  Representation  Toff  Elite  Privileged  youth  unemployment  lost  generation  tax  avoidance  tax  evasion  crony  capitalism  social  cohesion  austerity  IMF  George  Osborne  David  Cameron  working  poor  tax  free  income  squeezed  middle  class  living  wage  babyboomers  generationy  Millennials  parenthood  parenting  childhood  childhood  development  minimum  wage 
october 2014 by asterisk2a
ZDF Frontal21: Mies bezahlt - Weniger trotz Mindestlohn - YouTube
Sie hat den flächendeckenden Mindestlohn von 8,50 Euro durchgesetzt. Jetzt muss Andrea Nahles (SPD) zusehen, wie sich Arbeitgeber von ihren Beschäftigten die Mehrkosten der Lohnerhöhung zurückholen.
mindestlohn  minimum  wage  profit  maximisation  Precariat  precarious  work  Services  Industry  service  economy  service  Wall  Street  social  cohesion  working  poor  underemployed  contractor  Zeitarbeit  capitalism  CSR  short-term  thinking  short-term  view  shareholder  shareholder  value  subsidies  subsidizing  hartz-iv  Germany  Lobbying  lobbyist  lobby  workers  union  Soziale  Marktwirtschaft  Public  Policy  error  folly  Career  Politicians  No  Representation  fairness  living  wage  Gerechtigkeit  Politics  compromise  Gini  coefficient  income  inequality  income  redistribution  disposable  income 
october 2014 by asterisk2a
Empire - The Promise and Peril of Democracy - Web Extra - Empire asks why democracy is in retreat - YouTube
symptoms now more evident than ever!
transparency  Democratic  Process  democracy  accountability  Career  Politicians  short-term  thinking  short-term  view  political  science  populism  propaganda  dogma  demagogy  demagogue  Europe  Nationalism  protectionism  capitalism  crony  capitalism  bribery  corruption  Lobbying  lobbyist  lobby  GFC  corporatism  Wall  Street  No  Representation  revolving  door  Policy  Makers  error  folly  Philosophy  Super  Rich  1%  tax  evasion  tax  avoidance  fairness  Gerechtigkeit  oversight  excess  European  History  Great  Depression  exploitation  squeezed  middle  class  working  poor  Future  of  Work  Mobile  Creative  Mobile  Creatives  flat  world  globalization  globalisation  deregulation  Gini  coefficient  inequality  income  inequality  social  mobility  income  mobility  tax  code  capital  gains  economic  Thomas  Piketty  social  cohesion  Protest  Partei  Protest  Party  European  Election  2014  austerity  toobigtofail  TBTF  too  big  to  jail  bailout  IMF  OECD  shareholder  value  profit  maximisation  Industrial  Revolution  2.0  uncertainty  self-employment  Zero  Hour  Contract  contractor  precarious  Precariat  working  class  Blue-collar  Worker  White-collar  Worker  Niedriglohnsektor  Niedriglohn  living  wage  wage  mi 
october 2014 by asterisk2a
News Roundtable: [...] deconstructing employment - YouTube
min 34 + https://news.ycombinator.com/item?id=8406358 "The article doesn't really examine productivity, it is examining wages." - Digital revolution has yet to fulfil its promise of productivity and better jobs (economist.com) +!+ http://www.reddit.com/r/Futurology/comments/2i5nse/the_economist_labour_is_steadily_losing_out_to/ - http://www.economist.com/news/special-report/21621160-labour-steadily-losing-out-capital-those-have-shall-be-given 'It's The Economist making a case for wealth redistribution!' +!+ How computers threaten the jobs of mid-skilled workers (economist.com) - youtu.be/PR8OkkfvnT8 'few benefiters + we need substantial skill upgrading and change in education policy' +!+ Is A.I. the problem or the solution? youtu.be/lge-dl2JUAM - Automation, Robotics, mid-skilled jobs, routine jobs, lessons from Industrial Revolution, need investment in practical skills for the future, infrastructure investment, education policy, Universal Basic Income - so that no one is left behind
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october 2014 by asterisk2a
BBC News - UK jobless rate falls to lowest level since 2008
avg weekly earnings still lagged way behind inflation. Excluding bonuses, avg earnings in the May to July period rose by 0.7% from a year earlier; including bonuses, they rose by 0.6%. The current rate of inflation is 1.5%. Last month, the Bank of England halved its forecast for average wage growth in 2014 to 1.25%, leading some commentators to believe it is under little pressure to raise interest rates any time soon. [...] Labour's shadow employment minister Stephen Timms said: "Today's fall in overall unemployment is welcome, but the new figures have shown working people are seeing their pay falling far behind the cost of living. "Pay excluding bonuses today is the lowest on record. Under this government wages after inflation have already fallen by over £1,600 a year since 2010 and by next year working people will have seen the biggest fall in wages of any Parliament since 1874." +due 2lack of job security, people arnt asking 4 meaningful raise. service econ jobs dominate recovery!
UK  recovery  slack  labour  market  wage  growth  living  wage  wage  stagnation  inflation  disposable  income  living  standard  cost  of  living  standard  of  living  squeezed  middle  class  working  poor  minimum  wage  2014  economic  history  output  gap  productivity  Lohnzurückhaltung  fear  GFC  job  security  precarious  work  Precariat  Services  Industry  service  economy  service  Public  Policy  industrial  manufacturing 
september 2014 by asterisk2a
Stephanie Hare on the UK economy - Newsnight - YouTube
>> how many jobs have been lost regarding to banking in london and adjoining businesses ... thousands. thousands of hours of productivity gone (high charges for the hours). forever. = productivity and output gap || and how many times had osborne now moved forward expected savings and targets in time ... every year. || it will not get better as they travel (still) on the same path that leads to nowhere safe. still heading to the cliff. same direction. same speed.
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august 2014 by asterisk2a
If Schools Don't Change, Robots Will Bring On a 'Permanent Underclass': Report | Motherboard
via http://www.reddit.com/r/Futurology/comments/2ct2xs/if_schools_dont_change_robots_will_bring_on_a/ 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: http://www.washingtonpost.com/blogs/on-leadership/wp/2014/08/07/are-robots-coming-for-your-job/
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august 2014 by asterisk2a

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