asterisk2a + vocational   93

Student loans 'heading for trillion pounds' - BBC News
The conversion of means-tested grants into loans has meant that the poorest students end up graduating with the biggest debts, says Lord Forsyth.

And he warns that the current repayment system was more expensive for people in middle income jobs such as nursing, rather than high-paid lawyers or financiers, who would pay off their debts more quickly.

"The people who get screwed by this are those in the middling jobs," says Lord Forsyth.

"This was all done on the basis that it would create a market in higher education - and that has failed, there isn't a market."

Lord Forsyth says that there is no meaningful consumer choice or competition - and he dismissed the system for rating teaching quality in universities, the teaching excellence framework, as a "bit of a joke".

"Because no-one ever turns up to look at the teaching," says Lord Forsyth.
UK  education  policy  David  Cameron  Nick  Clegg  George  Osborne  Tories  University  College  poverty  trap  student  debt  loan  vocational  skills  Mittelstand  apprenticeship  accounting  Austerity  gap  productivity 
june 2018 by asterisk2a
(1487) LSE III | Professor Joan C. Williams | Why Did Trump Win? Overcoming Class Cluelessness in America - YouTube
admire the rich, resent the professionals ie politiciansm doctors and academics. ... sold over and over the american dream/self-employment self-made and become rich yourself (but like to stay in their class and neighbourhood - see Shaytards back in Idaho). not becoming academic, politician, writer, traveller. ... becoming order makers, from order takers. // white feel condescended every day, ordered around, not listened to, not considered, not represented, // no connection to Rich! But everyday professionals! //
DonaldTrump  Donald  Trump  post-racial  LGBT  political  correctness  PC  Super  Rich  1%  Plutocracy  inequality  Oligarchy  Sociology  race  gini  Coefficient  white  middle  class  Precariat  working  poor  No  Representation  Elite  Psychology  Brexit  American  Dream  Trickle-down  professionals  academic  social  income  mobility  underemployed  unemployment  Structural  skills  skill  vocational  education  policy  college  Productivity  output  gap 
june 2017 by asterisk2a
BBC News on the North South Divide with Tom Hunt - YouTube
multiplier effect of service sector job = 1 or lower. meaning need to access tax credits. //&! Northern Powerhouse dept to close Sheffield office and move 247 jobs to London. - Government business department shuts largest non-London office George Osborne’s ‘northern powerhouse’ policy questioned as branch closure in Sheffield casts doubt on chancellor’s pledge to revitalise English cities - bit.ly/1PDlgSA // also northern councils have to cut deeper than souther because of lower tax base!
Northern  Powerhouse  UK  Scotland  Westminster  London  George  Osborne  Devolution  job  creation  Service  Sector  Jobs  microeconomic  policy  macroeconomic  policy  knowledge  economy  knowledge  worker  transferring-wealth  transfer  payments  income  distribution  income  redistribution  low  income  low  pay  precarious  work  Precariat  part-time  recovery  GFC  Manufacturing  STEM  productivity  output  gap  macroeconomics  microeconomics  nasty  party  Conservative  David  Cameron  Toff  Establishment  post  code  lottery  health  inequality  inequality  Gini  coefficient  social  mobility  income  mobility  wealth  distribution  Privileged  education  policy  apprenticeships  vocational  education  austerity  Council  Public  Services  Services  SNP  Scotland  Bill  Fiscal  Framework  fairness  Generationengerechtigkeit  structural  unemployment  PR  spin  doctor  Positioning 
january 2016 by asterisk2a
Angela Merkel: Abschottung ist keine Option mehr - SPIEGEL ONLINE
bit.ly/1QvB63Z &! bit.ly/1Ne9n73 - Kanzlerin Merkel vor dem Bundestag erklärt zum Zusammenhalt in der EU gemahnt. Man stehe vor "historischen" Prüfungen. //&! Stärken die Flüchtlinge den Standort Deutschland oder kommen hohe Kosten auf die Sozialkassen zu? Der Ökonom Raffelhüschen warnt vor massiven Steuererhöhungen und steigender Altersarmut. - bit.ly/1KaYeiO - Schon heute gebe es in Deutschland Hunderttausende unqualifizierte Arbeitslose. "Es kommen jetzt bis zu 1,5 Millionen Menschen dazu, von denen etwa 70 Prozent ebenfalls unqualifiziert sind", sagte Raffelhüschen der Nachrichtenagentur dpa. &! bit.ly/1NDSvcn - Geringqualifizierten droht in Deutschland heute häufiger ein Leben in Armut als noch vor zehn Jahren. Mehr als 30 Prozent derjenigen ohne Berufsausbildung und mit höchstens einem Realschulabschluss sind demnach armutsgefährdet. &! Integrationsdebatte: Lammert fordert von Flüchtlingen Anpassung an "Leitkultur" - bit.ly/1MEOmEq
refugee  crisis  GroKo  Germany  Angela  Merkel  Soziale  Marktwirtschaft  austerity  Wolfgang  Schäuble  underemployed  skills  gap  education  policy  integration  Sozialpolitik  immigration  migration  fiscal  policy  underinvestment  productive  investment  infrastructure  investment  Schuldenbremse  Pact  European  Union  economic  history  recovery  globalisation  globalization  flat  world  competitive  competitiveness  lohndumping  Sozialer  Abstieg  precarious  work  Precariat  working  poor  minimum  wage  mindestlohn  Minijob  hartz-iv  refugee  Asylbewerber  Asylum  Altersarmut  poverty  child  poverty  poverty  in  old  age  poverty  trap  Gini  coefficient  tax  evasion  tax  avoidance  Wall  Street  Greed  crony  capitalism  fairness  Generationengerechtigkeit  capitalism  exploitation  Workers  Union  Trade  Union  subsidies  subsidizing  welfare  state  social  safety  net  social  mobility  income  mobility  Realschulabschluss  vocational  education  professional  education  Qualification  Software  Is  Eating  The  Robotics  automation  Service  Sector  Jobs  job  security  labour  market  job  market  Niedriglohn  Niedriglohnsektor  secular  stagnation  Niall  Ferguson  trickle-down  economics  neoliberalism  neoliberal  Makers  lobb 
october 2015 by asterisk2a
More jobs paying below living wage - BBC News
'Prevalent' low pay The ONS figures show that the proportion of jobs paying below the living wage has grown. In 2014, young adults were most likely to be paid less than the living wage. Some 58% of jobs carried out by 18 to 24-year-olds outside of London and 48% of jobs in this age group in London were paid less than the living wage. In accommodation and food services in 2014, an estimated 65% of jobs paid less than the living wage in London and 70% in the rest of the UK. Northern Ireland had 29% of jobs paying below the living wage, the highest in the country. At the other end of the scale, 19% of jobs in the South East of England, London and Scotland paid below the living wage. [...] "These figures demonstrate that while the economy may be recovering as a whole, there is a real problem with ensuring everyone benefits, and low pay in still prevalent in Britain today."
Niedriglohnsektor  job  creation  job  market  Lohnzurückhaltung  lohndumping  low  income  Service  Sector  Jobs  working  poor  precarious  work  Precariat  Zero  Hour  Contract  Contractor  self-employment  labour  market  labour  economics  recovery  UK  disposable  income  discretionary  spending  job  security  poverty  trap  child  poverty  food  poverty  poverty  Gini  coefficient  social  mobility  income  mobility  income  distribution  income  inequality  income  redistribution  budget2015  child  tax  credit  tax  credit  working  tax  credit  tax  free  income  minimum  wage  living  wage  Education  Maintenance  Allowance  Student  Maintenance  Grant  Higher  Education  policy  post  code  lottery  vocational  professional  career  ladder  austerity  George  Osborne  2015  dogma  ideology  Tories  neoliberalism  neoliberal  Conservative  Party  PR  spin  doctor  reframing  framing  Positioning  David  Cameron  Iain  Duncan  Smith  DWP 
october 2015 by asterisk2a
UK slips down world competitiveness league | Business | The Guardian
World Economic Form says the UK’s weakness include the budget deficit and the quality of its education system [...] “Where the country falls short is in its macroeconomic environment, where government debt and the budget deficit conspire to place it 108th out of 140 countries. It could do better, too, with the quality of its education system (21st) and maths and science in particular (46th) – both long-term problems,” [...] It also issued a warning about the health of the global economy, saying “a ‘new normal’ of suppressed economic and productivity growth and persistently high unemployment is damaging resilience and leaving the world vulnerable to another protracted slump”. It called on countries to “step up their efforts to re-accelerate economic growth”.
UK  competitiveness  competitive  STEM  R&D  Research  secular  stagnation  bank  bailout  austerity  fairness  income  mobility  social  mobility  Gini  coefficient  Generationengerechtigkeit  banking  crisis  bank  crisis  TBTF  too  big  to  jail  tax  evasion  tax  avoidance  Career  Politicians  No  Representation  dogma  ideology  neoliberalism  neoliberal  Tories  recovery  GFC  Conservative  Party  education  policy  vocational  education  professional  education  job  creation  job  market  2015  flat  world  borderless  globalization  globalisation 
september 2015 by asterisk2a
Why the Work Programme didn’t get Sarah a job | Martin Bright | Society | The Guardian
The government’s flagship welfare-to-work programme institutionalises bullying, interrupted only by undirected job searches // Work programme creates just 48,000 long-term jobs in three years. Flagship jobs scheme the government insisted would help millions back into work is called into question by figures - bit.ly/1ipiBhW
DWP  Iain  Duncan  Smith  unemployment  long-term  unemployment  youth  unemployment  social  mobility  income  mobility  downward  mobility  Gini  coefficient  skills  gap  capital  skills  human  capital  skill-biased  technological  change  skills  practical  skills  practical  skill  set  vocational  education  professional  education  austerity  underinvestment  STEM  Tories  Conservative  Party  dogma  PR  spin  doctor  reframing  framing  Positioning  ideology  Toff  Establishment  Entitlement  Privileged 
september 2015 by asterisk2a
Homelessness figures: Nearly 100,000 children in England 'homeless' - BBC News
Nearly 100,000 children in England are living in temporary accommodation after being made homeless, new figures show. // &! More & more student start work after graduation in low pay jobs not requiring a diploma, due to current job market/job creation situation in UK! Not hitting 21k repayment threshold - bbc.in/1OU0K3H - OBR show fewer are likely to start paying than was expected when the policy was introduced, [...] freezing the loan repayment threshold - alongside other changes such as replacing maintenance grants for poorer students with loans - will significantly increase the cost of going to university. It says this risks undermining pledges by successive governments to improve social mobility, as well as raising uncertainty in students' minds over the terms of their borrowing. //&! Higher education cuts 'risk NI being left behind' - bbc.in/1gZMrgj //&! Doctors warn Tories not to cut free school meals (child poverty, food poverty) bbc.in/1LewQrn
UK  property  bubble  Supply  and  Demand  Demand  and  Supply  affordable  housing  social  housing  Gini  coefficient  Generationengerechtigkeit  generation  rent  poverty  trap  child  poverty  food  poverty  austerity  Policy  Makers  dogma  ideology  neoliberalism  neoliberal  Tories  Conservative  Party  housing  market  Crisis  housing  benefit  benefits  welfare  state  social  safety  net  bank  bailout  fairness  social  cohesion  minority  constituency  error  folly  babyboomers  social  tension  Toff  Establishment  Privileged  Entitlement  general  election  2015  election  campaign  promises  Help  to  Buy  Scheme  excess  reserves  mortgage  market  Buy-to-Let  Right  to  Buy  Buy  to  Wall  Street  shareholder  value  profit  maximisation  inequality  Funding  for  Lending  Scheme  macroprudential  macroeconomic  microeconomics  disposable  income  discretionary  spending  debtoverhang  household  debt  recovery  2015  consumer  debt  debt  servitude  private  debt  Payday  Loans  Student  Loan  Millennials  generationy  secular  stagnation  low  income  prevention  job  security  job  market  labour  market  Niedriglohnsektor  Service  Sector  Jobs  job  creation  income  mobility  social  mobility  downward  mobility  precarious  work  Precariat  working  poor  University  vocational  education  professional  education  Maintenance  Student  Maintenance  child  Allowanc 
september 2015 by asterisk2a
Britain's fading greenery - BBC News
[ after the collaps of energy prices, commoditiy prices and freed up labour from oil and gas industry ... instead of tripling investment in renewable energy, they cut it. increasing long-term competitiveness with domestic cheaper energy prices. stupid. instead they cut corporate tax rate, as if tax evasion and avoidance wasn't helping them already ... no further development of 6 killer apps. policy for vested interest. subsidies for oil. tax breaks. etc etc. ] The energy team at business consultancy EY can't expect to get many contracts out of Whitehall - not after a thorough trashing of UK policy. //&! Al Gore chimes in - bit.ly/1V88zmb //&! bbc.in/1NIzAMl //&! bv.ms/1Vgb4Iy - Stop Propping Up Fossil Fuels. Subsidies, as a rule, distort financial incentives and leave the economy less efficient. Subsidies on fossil fuels are doubly foolish: They also divert investment and consumption away from cleaner energy, and cost taxpayers a bundle.
UK  industrial  policy  renewable  energy  Principle  George  Osborne  David  Cameron  budget2015  austerity  underinvestment  business  confidence  corporate  tax  rate  Makers  constituency  commodity  prices  Oil  price  2015  general  election  2015  election  campaign  promises  policy  error  Generationengerechtigkeit  fairness  globalisation  globalization  Niall  Ferguson  climate  change  global  warming  energy  price  energy  security  energy  policy  Smart  Grid  babyboomers  Millennials  secular  stagnation  western  world  competitive  competitiveness  differentiate  differentiation  subsidies  subsidizing  long-term  view  long-term  thinking  short-term  thinking  short-term  view  OECD  IMF  STEM  Manufacturing  R&D  Research  education  policy  vocational  education  professional  education 
september 2015 by asterisk2a
UK productivity lags behind rest of G7 - BBC News
"Since the economic downturn, productivity growth has slowed in most developed economies, but by more in the UK than the average." The Chancellor, George Osborne, pledged in July to take steps to encourage more long-term investment in infrastructure and by businesses to boost productivity. Howard Archer, chief UK economist at IHS Global Insight, said British productivity had been held back since the financial crisis by the creation of lots of low-skilled, low-paid jobs where productivity is limited. However, Institute of Directors chief economist James Sproule said that UK firms should focus on "agility" rather than productivity. "The economy of the future looks set to be dominated not by big companies, but by fast, agile, quick-moving and reactive ones," he said. "The firms that can respond to consumer demands most effectively and bring new products and services to market will reap the rewards."
UK  productivity  recovery  output  gap  western  world  secular  stagnation  deflationary  deflation  Niall  Ferguson  competitive  competitiveness  BRIC  education  policy  job  market  job  creation  Niedriglohnsektor  Service  Sector  Jobs  precarious  work  Precariat  working  poor  disposable  income  discretionary  spending  income  distribution  income  growth  low  income  Gini  coefficient  income  mobility  social  mobility  inequality  poverty  trap  austerity  business  confidence  business  investment  budget2015  differentiate  differentiation  vocational  education  professional  education  Future  of  Software  Is  Eating  The  marginal  cost  marginal  propensity  to  consume  trickle-down  economics  economics  of  abundance  underinvestment  infrastructure  investment  STEM  Research  R&D  labour  market  manual  labour  Tories  Conservative  Party  macroprudential  policy  macroeconomic  policy  microeconomic  policy 
september 2015 by asterisk2a
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
How Legal Immigration Failed Silicon Valley | TechCrunch
Our immigration system hinders entrepreneurship, innovation and productivity. Success in the tech industry, where whole new job categories are created overnight, requires deep familiarity with trends, products and technologies. Learning opportunities abound — if you’re willing to transition to new roles, educate yourself, work on different products or switch companies altogether. Building your own startup, or even joining one, can be the best career move; it offers remarkable potential for growth by wearing multiple hats in an expanding organization. The labor market benefits from this flexibility not just with an improved and adaptable workforce, but also one that creates jobs. The immigration process impedes all these possibilities. [...] [ reset process when switching companies ] [...] And that’s not even the worst part. If you get laid off, you must leave the country. Immediately. [...] Try telling your VC you spent $25,000 of their $1 million funding on immigration fees
USA  immigration  Europe  Germany  UK  skill-biased  technological  change  skills  gap  capital  skills  workforce  migration  ecosystem  Silicon  Valley  Berlin  Start-Up  Scene  London  Scene  Green  Card  job  security  insecurity  American  Dream  entrepreneur  practical  skills  practical  skill  set  skill  job  creation  borderless  globalization  globalisation  flat  world  global  economy  digital  economy  marginal  cost  economics  of  abundance  Future  of  Work  Remote  Work  liberal  economic  reform  policy  error  short-term  view  Career  Politicians  No  Representation  neoconservatism  neoconservatives  Rechtsruck  ageing  population  demographic  bubble  STEM  R&D  Research  Industrial  Revolution  2.0  policy  labour  market  labour  economics  added  value  value  creation  multiplier  education  policy  vocational  education  professional  education  long-term  view  HR  human  resources  hiring  recruiting  recruitment  war  for  talent  H1B  startupvisa  visa  H-1B 
september 2015 by asterisk2a
Steve Keen on Education - YouTube
economy future relies on innovation. and if you check and monitor to death a system, and add bureaucracy on top of it, and low wages, and being under staffed and being over worked. and crowded, noisy class rooms (unable to spot talent and unable to sponsor). you can't have a prosperous future economy/generation with high social mobility. higher incomes. new industries. // oh and theyve cut research to nothing // oh and the creative digital industry is complaining, and added value industry is complaining about lack of qualified/skilled young workforce. // // UK will lose rest of its heavy industry because of energy prices it can't compete on world wide because it hasn't invested in the Smart Grid, energy storage systems, infrastructure, and renewable energy! Period. Budget2015 they cut all of renewable investment schemes and even had the audacity to put a carbon tax levy on it!
UK  education  policy  social  mobility  income  mobility  Gini  coefficient  STEM  University  College  vocational  education  apprenticeships  austerity  Tories  Conservative  Party  Toff  Establishment  Privileged  Research  knowledge  economy  knowledge  worker  skill-biased  technological  change  skills  gap  capital  skills  practical  skills  practical  skill  set  softskills  Fachkräftemangel  Millennials  generationy  entrepreneurship  entrepreneurial  social  entrepreneurship  capitalism  creative  destruction  disruption  Software  Is  Eating  The  World  Robotics  3D  printing  automotive  automation  self-driving  cars  autonomous  car  globalization  globalisation  borderless  flat  competitive  competition  competitive  advantage  competitiveness  public  investment  business  investment  underinvestment  productive  investment  infrastructure  investment  long-term  view  short-term  view  Career  Politicians  No  Representation  social  contract  Generationengerechtigkeit  fairness  secular  stagnation 
august 2015 by asterisk2a
Jeremy Rifkin on the Fall of Capitalism and the Internet of Things - YouTube
// good and services - commoditisation - near priceless. // mass market becomes zero marginal cost business - commodity! thus have to differentiate ie through freemium/premium/subscription model! two tier. // attention span - news is free, ppl are satiated quiet often with free news, that they don't pay for premium products (except niche) like analysis&perspective & brand pull. have to add more value to core value prop and intangible value - like community & leadership // every consumer can become a prosumer //
post-capitalism  Collaborative  collaboration  Universal  Basic  Income  book  Paul  Mason  Share  Economy  Open  Source  Open  Data  marginal  cost  economics  of  abundance  economic  history  crony  capitalism  capitalism  Wall  Street  Jeremy  Rifkin  21stcentury  Marketplace  transparency  democracy  productivity  identity  Future  of  Work  Mobile  Creatives  3D  printing  Manufacturing  Industrial  Revolution  2.0  policy  energy  price  renewable  energy  energy  policy  commodity  business  commoditization  Robotics  automation  Software  Is  Eating  The  World  Prosumer  ProAm  publishing  2.0  self-publishing  user  generated  content  Net  Neutrality  Blogging  The  Wars  education  policy  vocational  education  professional  education  MOOC  knowledge  knowledge  worker  freemium  subscription  model  business  model  mass  market  paywalls  paywall  user  behaviour  homescreen  snacking  Entertainment  Escapeism  IoT  added  value  value  creation  Core  Product  Proposition  intangible  value  Proposition  social  change  Open  Platform  Platform  EULA  TOS  proprietary  News  24-hour  cycle  automotive  autonomous  car  self-driving  cars  public  transportation  transportation  communication  output  gap 
august 2015 by asterisk2a
What I’m really thinking: the recruitment consultant | Life and style | The Guardian
I work in a culture that views employees’ problems with suspicion: the woman who resigned because of bullying is a “troublemaker”; the man who couldn’t find work for six months is “lazy”; the candidate with depression is deemed a “liability”. We are trained to judge, and I am truly sorry to those I will never call .
human  resources  HR  hiring  recruiting  recruitment  mental  health  mental  illness  stigma  unemployment  long-term  unemployment  youth  unemployment  structural  unemployment  income  mobility  downward  mobility  social  mobility  Gini  coefficient  poverty  trap  vocational  education  education  policy  professional  education  Equality  Act  2010  UK  discrimination  social  discrimination  gender-based  discrimination  prejudice  snap  judgement  confirmation  bias  selection  bias  bias  pattern  matching  pattern  recognition 
august 2015 by asterisk2a
Pando: STEM talent: It's a distribution problem
But there's another side to the story: STEM jobs may not be the most attractive for the top STEM grads. The Economic Policy Institute found that half the students who studied computer science, but weren't working in comp-sci after they graduated, said it's because they found a better job. Grads can make more money in managerial and professional positions, where the median annual salary is $20,000 higher according to 2009 U.S. Census data. Wages have remained stagnant in the IT sector for the last decade, according to the Economic Policy Institute's report. // // but not SV and Co. (where you have fundamental fault lines of supply AND demand)
STEM  skill-biased  technological  change  education  policy  professional  education  vocational  education 
august 2015 by asterisk2a
Jeremy Corbyn wins economists’ backing for anti-austerity policies | Politics | The Guardian
In the letter to which David Blanchflower, a former member of the Bank of England’s monetary policy committee is a signatory, the economists write: “The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left on economic policy. But this is not supported by the candidate’s statements or policies. His opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity.” // UK can't compete with energy rich countries - ie through rebuilding (through subsidies) its industrial and manufacturing sector - it has to add value through expert services, knowledge, digital, research to existing products goods and services that then can be re-sold across the world - high energy cost, expensive transport through lack of infrastructure of the future, and lack of in-pipeline educated mobile youngster, is a structural deficit.
neoliberalism  Jeremy  Corbyn  David  Cameron  Labour  Party  Conservative  Party  Tories  Toff  Privileged  Establishment  dogma  ideology  austerity  Privatisation  neoliberal  budget2015  recovery  public  investment  underinvestment  productive  investment  infrastructure  investment  STEM  Research  digital  economy  knowledge  economy  differentiate  differentiation  IMF  OECD  global  economy  globalization  globalisation  borderless  flat  world  competitiveness  competitive  competition  competitive  advantage  current  account  deficit  trade  deficit  global  trade  trade  balance  Structural  Impediments  trickle-down  economics  economic  history  GFC  Generationengerechtigkeit  fairness  vocational  education  education  policy  social  mobility  income  mobility  Gini  coefficient  gender  inequality  inequality  professional  education  Future  of  Work  Software  Is  Eating  The  creative  destruction  added  value  value  creation  faultlines  working  poor  precarious  Precariat  squeezed  middle  class  deregulation  underemployed  unemployment  imbalance  subsidies  subsidizing  protectionism  Career  Politicians  Pivot  UK  economic  growth  economics  of  abundance  marginal  cost  energy  price  energy  policy  renewable  energy  Oil  price 
august 2015 by asterisk2a
Figures suggest Dundee-Glasgow benefit sanctions 'lottery' - BBC News
The NPI director, Peter Kenway, said there did not appear to be any good reason for the disparity between Dundee and Glasgow in terms of the claimants themselves. He said: "You'd expect some random fluctuation but the difference between 12% of people every month and 7.5% every month can't in any way just be put down to random day-to-day fluctuation. "It's a clear sign that although it's the same system on paper, things are being run very differently in Dundee from the way it's run in Glasgow. To have the benefits system run unevenly and unfairly is completely unacceptable. "It's not that people want a soft system, they want a fair and straight system." [...] he DWP's approach was failing jobseekers. "The commonest reason for people being sanctioned is not doing enough job applications," he said. "I think the government is wasting everybody's time with their emphasis on people doing massive numbers of job applications."
DWP  Iain  Duncan  Smith  welfare  state  benefits  JSA  ESA  austerity  budget2015  social  safety  net  Food  Bank  vulnerable  Disabled  poverty  trap  poverty  child  poverty  poverty  social  mobility  downward  mobility  income  mobility  education  policy  vocational  education  professional  education 
august 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]
DWP  Iain  Duncan  Smith  George  Osborne  David  Cameron  PR  spin  doctor  welfare  state  austerity  benefits  JSA  ESA  manufactured  consent  populism  propaganda  dogma  ideology  Career  Politicians  No  Representation  Public  Services  Social  Services  unemployment  vulnerable  Disabled  child  poverty  poverty  trap  poverty  food  poverty  tax  credit  child  tax  credit  working  tax  credit  minimum  wage  living  wage  budget2015  sanctions  UK  job  market  labour  market  precarious  work  Zero  Hour  Contract  Contractor  Sozialer  Abstieg  squeezed  middle  class  self-employment  mobility  downward  mobility  income  mobility  Gini  coefficient  education  policy  vocational  education  professional  education  corporate  media  corporate  state  neoliberalism  neoliberal  freelancing  freelance  Gig  Economy  insecurity  underemployed  structural  unemployment  participation  rate  long-term  unemployment  youth  unemployment  employability  employabilitie  employment  recovery  Service  Sector  Jobs  Niedriglohnsektor  manual  labour  job  creation  job  security  on  job  training  Trainee  apprenticeships  Toff  Privileged  Establishment  minority  exploitation  Student  Maintenance  Grant  Maintenance  Allowance  mature  economic  history  trickle-down  economics  part-time  corporate  tax  rate  tax  evasion  tax  avoidance  fairness  tax  income  tax  Generationeng 
august 2015 by asterisk2a
'They Will Want To Bleed Him To Death': Owen Jones on Corbyn, Labour and the Future of the Left - YouTube
Jeremy Corbyn MP's response to the Tories 2015 Budget - youtu.be/ZxhQy6oDacg // &! The Corbyn Factor: Blair and Blairites panic, Labour in state of confusion - youtu.be/v__jsfY2fb8 // &! Laurie Penny on Jeremy Corbyn - can he take Labour forward? - youtu.be/LGL3wK27tmE // &! Owen Jones - London Rally: Jeremy Corbyn For Labour Leader 3.8.2015 - youtu.be/mFtC4td3NMc & youtu.be/8r78NcgvWEk // &! youtu.be/N7RAqAY_4c8 (1) low wages don't fund the gov budget - where is Tories industrial global competitive policy? They've slashed Research Funding! STEM, industrial and manufacturing policy, vocational and professional education, social mobility, knowledge and creative industry, digital economy (London's high cost do no help Start-ups!), Tories pro business policy is for the big and existing players, not for the future. // &! Jeremy Corbyn: ‘Labour cannot go on being Tory-lite’ - youtu.be/r6DX-wM5hR4 &! youtu.be/m1IUYlVR59k &! youtu.be/PPZKKHQ_-Gk &! youtu.be/vKv48n4MzII
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august 2015 by asterisk2a
Iain Duncan Smith criticises employers over disability employment gap | Society | The Guardian
Experts welcome emphasis on improving support for jobless disabled people who want to work but say speech was light on detail [...] The work and pensions secretary, Iain Duncan Smith, said in a speech on Monday that he wanted to halve the employment gap between disabled and non-disabled people by reforming the incapacity benefit assessment system and improving the levels of support for jobless disabled people who wanted to work. [...] In the speech, which members of the media were not allowed to attend, // << PR, spin to justify to reduce payment for ESA, disability and sickness payments - in the future - to JSA levels (which u hardly can survive long on). They already cut ESA work related activity group to JSA level. Plus their neoliberal policy take, that employees should have to pay into their own unemployment fund. Dismantling step by step the welfare, public service & social service Europe is known for & which actively reduces poverty trap and inequality. // Equality Act 2010
Iain  Duncan  Smith  Disabled  DWP  job  market  labour  economics  labour  market  job  creation  crony  capitalism  capitalism  neoliberalism  neoliberal  vulnerable  welfare  state  Public  Services  Social  Services  austerity  PR  spin  doctor  budget2015  JSA  ESA  disability  Gini  coefficient  downward  mobility  income  mobility  education  policy  vocational  education  professional  education  George  Osborne  David  Cameron  Tories  Conservative  Party  Toff  Privileged  safety  net  Establishment  inequality  Student  Maintenance  Grant  Maintenance  Allowance  fairness  Generationengerechtigkeit  stigma  HR  human  resources  hiring  mental  health  mental  illness  Equality  Act  2010  discrimination  discrimination 
august 2015 by asterisk2a
What is the 'gig' economy? | FT Comment - YouTube
human capital, HR - as cost center. // trading short-term competitiveness (kick ppl of the book according to demand) but trade it in aggregate with long-term social deprivation and skill gaps and underinvestment. because of dog eat dog mentality than you are incentivised to compete on price, because it is the easiest and you are able to to it with those neoliberal labour reforms in Europe. Don't compete with Amazon on price. Don't compete with China/Asia on price. Stupid.
Gig  Economy  1099  Economy  Zero  Hour  Contract  freelancing  freelance  part-time  Contractor  working  poor  precarious  work  uncertainty  squeezed  middle  class  Sozialer  Abstieg  neoliberalism  neoliberal  21stcentury  job  creation  job  market  labour  economics  labour  market  manual  labour  Service  Sector  Jobs  on-demand  convenience  western  world  Zeitarbeit  Leiharbeit  Europe  UK  USA  Germany  capitalism  human  capital  conglomerate  social  safety  net  Universal  Basic  Income  self-employment  tax  credit  poverty  trap  poverty  in  old  age  savings  rate  Policy  Makers  lobbyist  lobby  Lobbying  folly  error  short-term  thinking  short-term  view  meritocracy  meritocratic  Alain  de  Botton  work  environment  philosophy  chronic  stress  Precariat  Future  of  Mobile  Creatives  Mobile  Creative  profit  maximisation  shareholder  value  Workers  Union  Wall  Street  budget  deficit  OECD  IMF  lost  generation  lost  decade  professional  education  vocational  education  education  unintended  consequences  skills  gap  skill-biased  technological  change  Software  Is  Eating  The  Niedriglohnsektor  microeconomic  macroeconomic  deprivation  Perspective  hopelessness  voter  turnout  Career 
august 2015 by asterisk2a
Students seek diverse education at lower cost | FT Business School - YouTube
A big challenge for business schools is that students are looking for a higher return on their investment. Candidates also require greater depth and variety in terms of courses, in particular on analytics, and teaching modes.
education  policy  vocational  education  professional  education  MOOC  Future  of  Work  Start-up  of  You  Mobile  Creatives  Mobile  Creative  21stcentury  STEM  MBA  University  College  un-college  diversity  apprenticeships 
august 2015 by asterisk2a
Michelle Mone: tsar quality? - BBC News
[ gov role for No Campaign support, and possible Lord's appointment ] It's a message that speaks of defiance and determination, but also perhaps a thin skin and insecurity. So what is it that drives Michelle Mone? One guide is to follow her on Twitter. [...] What I've learned is not about business, but about image. [...] The image she projects is of someone constantly on the go from top hotel to yacht, to a glamorous photo shoot, to her evening gown laid out on her hotel bed, to a peek inside her wardrobe at the choices she's got that morning. There are pre-speech nerves when facing a glitzy, powerful audience, a menu from a swish restaurant, stroking some very expensive cars, and short messages of encouragement to her admirers. This is Michelle Mone: the brand. [...] [ it's sponsored by the DWP, aiming at those on benefits ] &! bbc.in/1JiCR3p &! bbc.in/1KvZPRf off Ultimo board. &! bit.ly/1Jr4rxi
Michelle  Mone  entrepreneurship  entrepreneur  Personal  Brand  SNP  Scottish  independence  referendum  Tories  Conservative  Party  nepotism  tax  evasion  tax  avoidance  industrial  policy  UK  George  Osborne  David  Cameron  Toff  Privileged  Establishment  budget2015  recovery  Manufacturing  STEM  education  policy  vocational  education  professional  education  apprenticeships  DWP  Iain  Duncan  Smith  Celebrity  of  You  Selbstdarstellung 
august 2015 by asterisk2a
North Sea oil giant - do not risk the UK's 'engineering legacy' - BBC News
The whole sector is important, worth £27bn to the British economy. Malcolm Webb, the former chief executive of Oil and Gas UK, described it as a "core component of the UK's engineering and manufacturing base" which "enjoys a worldwide reputation for excellence and innovation honed over 40 years at the cutting edge of exploration and production". And it is for that reason that it is worth listening when Mr Keiller says that - despite the rapid fall in the oil price - the North Sea is still a vital part of the UK's manufacturing future. "We have a fantastic engineering skills base here in the UK," Mr Keiller said. "It creates high quality job opportunities that can be exported to many different countries around the world. I have people in Aberdeen designing the most sophisticated sub-sea oil and gas developments for deep water offshore for South America and Africa and elsewhere. "These high quality jobs can exist way beyond the life of the North Sea." [...] sector still employs 400k
UK  STEM  industrial  policy  Oil  price  Aberdeen  OPEC  renewable  energy  green  energy  engineering  engineer  Smart  Grid  professional  education  vocational  education 
august 2015 by asterisk2a
Immigrants Don’t Steal Jobs by Slate's The Gist
high skill immigration adds to economy. low skill adds to economy - if - they are put into higher education and start to add after a handful of years to the economy in a added value job, not service sector job. // Debunking the Myth of the Job-Stealing Immigrant for the New York Times Magazine. // marginal downside effects. no sudden shocks because of migration. // immigration should be supplement to existing ('native') workers. - even low skilled workers are complement, to the skilled worker/economy. // net benefit to federal economy (taxes), net cost to local economy - integrating immigrants.
immigrants  immigration  Asylbewerber  Asylum  UK  USA  Europe  Germany  Ausländerfeindlichkeit  2015  demographic  bubble  premature  ageing  ageing  population  Japan  academia  academics  policy  folly  policy  error  integration  Integrationspolitik  Leadership  society  competitive  competitiveness  competitive  advantage  manual  labour  Service  Sector  Jobs  Niedriglohnsektor  capital  skills  skill-biased  technological  change  skills  gap  practical  skill  set  practical  skills  job  market  job  creation  labour  economics  labour  market  social  mobility  income  mobility  vocational  education  professional  education  apprenticeships  Makers  Angela  Merkel  Wolfgang  Schäuble  Career  Politicians  No  Representation  social  contract  Gesellschaft  Zivilgesellschaft  flat  world  borderless  globalisation  globalization  industrial  policy  microeconomic  policy  competition  China  economic  history 
august 2015 by asterisk2a
Call to set aside apprenticeships for care leavers - BBC News
[ opening the door for people, they have to walk through. these are people often with complex needs thus need a holistic solution and support that in austere times local and public services can't provide ] Thousands of apprenticeships in England should be reserved for young people coming out of care, a charity says. Barnardo's is calling on ministers to reserve 20,000 apprenticeships for 16-18 year olds from the care system. Care leavers' potential and not only their entry qualifications should be taken into account, Barnardo's says. [...] The strategy says there is a significant gap between the educational achievements of care leavers and their peers. In June, the Prison Reform Trust launched an independent review to examine why so many children in care in England and Wales end up in the criminal justice system. [...] Instead of apprenticeships depending on entry qualifications only, care leavers' potential should also be taken into account, the charity says. [...] intensive support
apprenticeships  social  mobility  Gini  coefficient  Services  Public  Services  corporate  social  responsibility  corporate  culture  corporate  values  Gesellschaft  civic  society  human  capital  civic  life  UK  inequality  income  mobility  downward  mobility  fairness  austerity  Generationengerechtigkeit  budget2015  George  Osborne  David  Cameron  Toff  Privileged  Establishment  No  Representation  Career  Politicians  social  contract  political  theory  short-term  thinking  short-term  view  policy  folly  lost  generation  lost  decade  policy  error  education  policy  vocational  education  professional  education 
august 2015 by asterisk2a
Why we Polish are downing tools to get the recognition we deserve | John Zylinski | Comment is free | The Guardian
[ Tories and Co pit them, us all, against each other ]
immigrants  immigration  scape  goat  smoke  mirror  David  Cameron  UKIP  Nigel  Farage  George  Osborne  DWP  Iain  Duncan  Smith  austerity  UK  Service  Sector  Jobs  job  market  job  creation  Sozialer  Abstieg  squeezed  middle  class  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  lohndumping  labour  market  Workers  Union  Zeitarbeit  Leiharbeit  economic  history  industrial  policy  STEM  Manufacturing  manufactured  consent  propaganda  populism  Career  Politicians  No  Representation  short-term  thinking  short-term  view  national  interest  Xenophobia  racism  Tories  Conservative  Party  policy  folly  policy  error  Makers  social  contract  social  cohesion  social  tension  welfare  state  neoliberalism  neoliberal  babyboomers  Generationengerechtigkeit  skills  gap  skill-biased  technological  change  globalisation  globalization  borderless  flat  world  competitive  competitiveness  competition  London  economies  of  agglomeration  Westminster  SNP  Scotland  Wales  Northern  Ireland  progressive  coldprogression  kalte  Progression  financial  repression  bank  bailout  bailout  zombie  banks  GFC  recovery  political  theory  precarious  work  social  policy  Party  workin 
august 2015 by asterisk2a
Better to inherit a home than start a business in Osborne.uk | Will Hutton | Comment is free | The Guardian
Our government is locked into a mindset in which economic problems are rooted in regulation, taxation and the public sector, so its reform efforts are focused there rather than addressing the palpable dysfunctions of the private sector. [...] It is Orwellian. There is a productivity review that will not raise productivity and a budget that will do little to deliver what the chancellor says he wants. This should offer rich pickings for any opposition – but to exploit the possibilities it first has to understand them and then challenge Osborne’s narrative. It is a sign of our shrunken times that instead the chancellor bestrides our economics and politics like a colossus.
George  Osborne  budget2015  2015  recovery  GFC  industrial  policy  education  policy  vocational  education  professional  education  STEM  austerity  Social  Services  Gini  coefficient  Public  Services  welfare  state  working  poor  precarious  work  squeezed  middle  class  mobility  corporate  tax  rate  income  mobility  UK  David  Cameron  Toff  Privileged  Establishment  policy  folly  policy  error  short-term  thinking  short-term  view  capital  gains  income  tax  globalization  globalisation  added  value  value  creation  differentiate  differentiation  borderless  competitive  competition  competitiveness  flat  world  tax  evasion  tax  avoidance  Conservative  Party  budget  deficit 
august 2015 by asterisk2a
How Millennials Are Paying a High Price As a Result of the 2008 Financial Crash | Better Markets
[ post-GFC ] 56% of 22-year-olds who just graduated ended up in jobs that did not require a degree, categorizing them as “underemployed.” [...] Today’s younger Americans are taking on more student loan debt than any generation before them, delaying major life milestones such as buying a home and starting a family. This debt is also threatening older generations, who need a large and growing workforce paying into social safety net programs such as Medicare and Social Security. [...] Mr. Rattner gets it right in his column when he writes that “starting behind often means never catching up,” since it’s been proven that graduating in a poor economy can have a long-lasting effect on a person’s career. [...] This lost generation faces an uncertain future and the resulting fallout will negatively impact them, their families and the entire U.S. economy for decades to come. // all the while, banker bashing has become a no-go topic in UK. // &! bit.ly/14R1pzk &! bit.ly/1PsHx7C
underemployed  lost  decade  lost  generation  un-college  College  University  UK  USA  job  market  job  creation  labour  market  recovery  2015  GFC  Millennials  inequality  Gini  coefficient  student  loan  debt  student  loan  student  debt  debt  servitude  demographic  bubble  social  mobility  income  mobility  unintended  consequences  long-term  view  long-term  thinking  economic  damage  Europe  austerity  Generationengerechtigkeit  fairness  social  cohesion  social  contract  social  tension  TBTF  too  big  to  jail  bailout  apprenticeships  education  policy  vocational  education  professional  education  skills  gap  skill-biased  technological  change 
august 2015 by asterisk2a
Jessica Lahey’s ‘The Gift of Failure’: A Fear of Risk-Taking Has Destroyed Kids’ Love of Learning - The Atlantic
When Success Leads to Failure. The pressure to achieve academically is a crime against learning. [...] Above all else, we taught her to fear failure. That fear is what has destroyed her love of learning. [...] Is that what we want? Kids who get straight As but hate learning?
education  policy  Failure  life  lesson  life  hacker  professional  education  vocational  education  Alain  de  Botton  philosophy  sociology  culture  society  stigma  risk  aversion  risk  taking  risk-taking  riskaversion  social  safety  net  Fear  anxiety  status  anxiety  intrinsic  motivation  learning  learning  curve  Start-up  of  You 
august 2015 by asterisk2a
In Tory Britain, young people are having their future stolen | Owen Jones | Comment is free | The Guardian
Vandalising sixth-form colleges is the latest in an onslaught on the aspirations of working-class youth. [...] Low-skilled, low-pay, insecure work beckons for many; and those aspiring for a job in the professions are often expected to work for free – largely impossible without well-heeled parents to support them. The attacks seem to come daily. Some of us warned that measures initially directed against migrants would inevitably be broadened out. Tightening the availability of tax credits for migrants may now mean the removal of tax credits for all 18-year-olds for four years, punishing the young working poor and young parents in particular. // &! Sixth form colleges left on starvation rations by government cuts, says report. Survey on England’s 93 colleges shows class sizes rising, courses being dropped and seven out of 10 principals worried of inability to provide a quality education - bit.ly/1L3wd3d // &! bbc.in/1hv2x2n &! bbc.in/1DHDnrl // &! bit.ly/1IWgHjv - young dont vote ...
austerity  fairness  Generationengerechtigkeit  UK  budget2015  George  Osborne  David  Cameron  Tories  Conservative  Party  dogma  ideology  GFC  budget  deficit  sovereign  debt  crisis  Gini  coefficient  social  mobility  income  mobility  poverty  poverty  trap  food  poverty  child  poverty  tax  credit  child  tax  credit  working  tax  credit  Student  Maintenance  Grant  STEM  education  policy  vocational  education  professional  education  apprenticeships  social  cohesion  social  tension  short-term  thinking  short-term  view  policy  error  policy  folly  Makers  DWP  Iain  Duncan  Smith  welfare  state  Public  Services  Services  Toff  Privileged  Establishment  vulnerable  Disabled  Career  Politicians  No  Representation 
august 2015 by asterisk2a
Jaguar Land Rover urged to give assurances over 36,000 British jobs | Business | The Guardian
[ Tories economic policy for the future is the small state, and nothing else, its the short-term dogma and ideology of the Tories. ] // JLR said it had turned down other locations in Europe, the US and Mexico in favour of Nitra because of a strong supply chain and good infrastructure. Poland has claimed that Slovakia offered high state subsidies to win the factory, which it was not prepared to match. Slovakia has already attracted Germany’s Volkswagen, South Korea’s Kia and France’s PSA Peugeot Citroën, which together build hundreds of thousands of cars in the country each year. The average hourly labour cost in Slovakia is below €10 (£7), less than half that of Britain, according to Eurostat figures. The plant could help reduce JLR’s reliance on Britain, where it had to offer an improved pay and pensions deal last year to avoid strike action.
capitalism  profit  maximisation  Wall  Street  shareholder  value  competitiveness  UK  industrial  policy  added  value  Manufacturing  STEM  George  Osborne  budget2015  Makers  austerity  ideology  dogma  David  Cameron  education  policy  vocational  education  Student  Maintenance  Grant  working  poor  precarious  work  poverty  trap  child  poverty  social  mobility  income  mobility  Gini  coefficient  OECD  IMF  fairness  Generationengerechtigkeit  Public  Services  Services  microeconomic  policy  fiscal  policy  short-term  thinking  short-term  view  Career  Politicians  No  Representation  globalisation  competitive  competition  competitive  advantage  outsourcing  Tories  Conservative  Party  Toff  Privileged  Establishment  general  election  2015  election  campaign  promises  propaganda  corporate  state  corporate  media  PR  spin  doctor  populism  manufactured  consent 
august 2015 by asterisk2a
Global economic growth to slow, NIESR predicts - BBC News
'Domestic risk' While NIESR was generally upbeat about the UK economy, it believed that weak productivity would remain a challenge. Simon Kirby, an economist at the institute, said: "It's the major domestic risk." NIESR expects inflation to remain about zero until the end of the year due to low oil prices and the strong pound, but that it will return to the Bank of England's target of about 2% a year by 2017. The think-tank expects the Bank of England to finally raise interest rates in February next year. Economists polled by Reuters last month mostly expect the Bank to raise rates in the first quarter of 2016.
UK  2015  recovery  deflationary  deflation  secular  stagnation  productivity  output  gap  fiscal  policy  austerity  fiscal  stimulus  industrial  policy  George  Osborne  short-term  thinking  short-term  view  budget  deficit  current  account  deficit  David  Cameron  Tories  dogma  ideology  Career  Politicians  No  Representation  Taper  STEM  policy  folly  policy  error  Makers  education  policy  microeconomic  policy  macroeconomic  policy  globalisation  globalization  flat  world  borderless  job  creation  Service  Sector  Jobs  precarious  work  Zero  Hour  Contract  Contractor  Niedriglohnsektor  minimum  wage  living  wage  Manufacturing  added  value  value  creation  ecosystem  vocational  education  professional  education  apprenticeships  competitive  competitiveness  competitive  advantage  neoliberalism  neoliberal  Lohnzurückhaltung  disposable  income  discretionary  spending  working  poor  squeezed  middle  class  Precariat 
august 2015 by asterisk2a
Accountancy firm scraps education 'barrier' - BBC News
[ + education path bias ] In a bid to boost workplace diversity, Ernst and Young (EY) will choose which applicants to interview based on their performance in online tests. School-leavers have until now needed the equivalent of three Bs at A-level and graduate applicants a 2:1 degree. Qualifications "will no longer act as a barrier to getting a foot in the door," said Maggie Stilwell of EY. In May another major accountancy firm, PricewaterhouseCoopers, announced it would no longer use A-level grades as a way of selecting graduate recruits. EY has gone one step further by removing the requirement for a minimum degree classification for graduates and hiding all details of schools and universities from the recruiters until the very end of the process so that interviews are carried out "blind". [...] "screening students based on academic performance alone was too blunt an approach to recruitment". [...] no evidence of correlation between academic success and future [professional] success
HR  human  resources  hiring  bias  prejudice  pattern  matching  pattern  recognition  management  people  management  diversity  Future  of  Work  education  policy  vocational  education  professional  education  MOOC  Quereinsteiger  Qualification  social  mobility  Gini  coefficient  gender  inequality  income  mobility  minority 
august 2015 by asterisk2a
The real victims of increased tuition fees? The old
Applications from 18-year-olds are on the rise, including from Britain's poorest families. But part-time and mature students are being deterred. [...] George Osborne talks of his vision of moving to a “higher wage economy”. But while improvement in skills are necessary to lifting productivity, wages and boosting growth, adults are being put off investing in their education. The consequences are particularly deleterious for those from disadvantaged backgrounds, who are more likely to apply to university later and on a part-time basis; the unattractiveness of part-time courses thus imperils social mobility. [...] The fees system for mature and part-time students is putting too many off developing the skills they need for the UK to thrive. [ at least fund a scheme for public-private partnership w companies to chip in ~30% of the cost for their employees ]
Student  Maintenance  Grant  loan  debt  debt  UK  Higher  Education  University  College  social  mobility  policy  vocational  further  income  mobility  Gini  coefficient  mature  professional  qualification  part-time  affordability  STEM  knowledge  economy  knowledge  worker  industrial  policy  Public  competitive  competitiveness  productive  investment  productivity  output  gap  George  Osborne  David  Cameron  Career  Politicians  No  Representation  budget2015  fairness  common  sense  short-term  thinking  short-term  view  IMF  OECD  skills  gap  MOOC  employabilitie  employability  Start-up  of  You  tuition  fee  poverty  trap  gender  inequality  Future  of  Work 
july 2015 by asterisk2a
Vacant teaching posts highlighted by Scottish Lib Dems - BBC News
A total of 469 teaching posts across Scotland are vacant ahead of the new school year next month, according to local authority figures. The statistics were obtained by the Scottish Liberal Democrats and cover 27 of Scotland's 32 local councils. [...] "Since the SNP came into government the number of teachers has fallen by more than 4,200. "Promises on class sizes have been broken, with average primary school class sizes now larger than in 2006, and basic standards of literacy and numeracy have declined. The failure of the Scottish government to get to grips with the problems in the system is scandalous."
education  policy  vocational  education  Scotland  England  UK  SNP  Westminster 
july 2015 by asterisk2a
Empire of the geeks | The Economist
Silicon Valley should be celebrated. But its insularity risks a backlash [...] Critics are often from industries wanting to protect their privileges; the geeks’ aggressive behaviour is sometimes part of the creative destruction that leads to progress. But that is not the only source of anger. Silicon Valley also dominates markets, sucks out the value contained in personal data, and erects business models that make money partly by avoiding taxes. There is a risk that global consumers will feel exploited and that the effects of a shrinking tax base will infuriate voters. If the perception takes root that enormous profits from exploiting data and avoiding taxes are crystallised in the fortunes of a few people living on a patch of ground near San Francisco, then there will be a backlash." // recent emergence of marketplace for X and gig platform for X - 1099 Economy etc etc, making money with our data - Facebook.
Silicon  Valley  irrational  exuberance  hubris  creative  destruction  shared  economic  interest  crony  capitalism  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  exploitation  business  model  corporate  values  Universal  Basic  Income  Software  Is  Eating  The  World  Future  of  Work  Mobile  Creatives  Mobile  automation  marketplace  marketplace  efficiencies  commodity  business  commoditization  Robotics  autonomous  car  self-driving  cars  augmented  intelligence  Big  Data  machine  learning  deep  learning  artificial  intelligence  labour  market  job  creation  labour  economics  job  market  working  poor  squeezed  middle  class  Sozialer  Abstieg  neoliberalism  neoliberal  liberal  economic  reform  precarious  Precariat  poverty  trap  education  policy  vocational  education  social  mobility  Gini  coefficient  growth  mobility  capital  gains  tax  code  fairness  social  cohesion  social  tension  Gesellschaft  society  downward  mobility  gender  inequality  technological  history  Niedriglohnsektor  lohndumping  Service  Sector  Jobs  Lohnzurückhaltung  minimum  wage  living  wage  uncertainty  job  security 
july 2015 by asterisk2a
Larry Smith: Why you will fail to have a great career - YouTube
https://youtu.be/tSCoVPoCt1U?t=3m - figuring out your purpose, or passion or mission in life is really really hard to do. You should either be realizing your dream or figuring out your dream. Figuring out is really hard. To figure it out, is to keep very very busy [doing things, trying out things, experimenting]. But sitting around and trying to figure it out [without the option of failure], will never yield results.
career  advice  career  ladder  Failure  life  hacker  life  lesson  philosophy  education  policy  vocational  education  parenthood  parenting  childhood  childhood  development 
july 2015 by asterisk2a
Yellen: There's Still Slack in Labor Markets - YouTube
>> signs that a debt fuelled recovery doesn't fix the long standing (since 90's 2000's post dot.com) underlying fundamentals of an economy. // low wage low productivity jobs especially part-time and minimum wage - doe not have an economic multiplier as a whole, they cost the economy or are at least net-net 0. // it is the same in UK. and signs show in Germany as well. // &! subprime was one of many predatory lending practices to financial illiterate ppl and exploitation of the underbanked/unbanked, and banks also choose to charge minorities higher interest rates - youtu.be/CbW9mH7p_8E + and add also practices of Payday Loans. Those things are a symptoms of the system at large. Resulting in the Poverty Trap.
USA  labour  economics  labour  market  participation  rate  skills  gap  underemployed  part-time  2015  education  policy  vocational  education  social  mobility  downward  mobility  self-employment  Gini  coefficient  squeezed  middle  class  long-term  unemployment  unemployment  youth  unemployment  employabilitie  employability  structural  unemployment  structural  imbalance  Impediments  secular  stagnation  output  gap  productivity  recovery  GFC  competitiveness  competitive  globalisation  globalization  borderless  flat  world  fiscal  policy  monetary  policy  debt  monetisation  debt  monetization  economic  history  infrastructure  investment  Makers  Career  Politicians  No  Representation  Sozialer  Abstieg  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  Zeitarbeit  Leiharbeit  Zero  Hour  Contract  Contractor  precarious  work  Precariat  working  poor  economic  growth  trickle-down  economics  economic  damage  economic  model  shared  economic  interest  long-term  view  long-term  thinking  short-term  thinking  short-term  view  Opportunism  opportunist  policy  folly  policy  error  microeconomic  policy  job  creation  job  market  job  security  Minijob  Aufstocker  minimum  wage  living  wage  disposable  income  savings  rate  discretionary  spending  well  being  dot.com  UK  Lohnzurückhaltung  lohndumping  mindestlohn  wage  growth  wage  stagnation  inequality  income  inequality  income  mobility  capi 
july 2015 by asterisk2a
The Coming Crash & The Recession That Never Ended - Part 1 - YouTube
Part 2 youtu.be/SpJ4L2QGNI4 [ min 2:00 post WW2 german debt jubilee - American & Britain needed Germany as bulwark against USSR! thus Germany had leverage because it was systemic. Greece is not systemic, nor needed. Thus they openly talk, relaxed, abt Grexit. Grexit was systemic risk in the first ~3 years post GFC, because of underfunded German, Frensh and Belgian zombie banks. 6:00 PIGS generation will be disillusioned about claims of European Union unity! 7:30 austerity ] // &! Part 3 - youtu.be/FWulzJy2oXc Bernie Sanders on inequality &! social mobility, skills gap, ... make-up of USA economy is a impediment to future growth (output gap, no more 3% annually) & also part-cause of inequality ... &! Part 4 youtu.be/8wzDwU1pzpY - China may tumble bc they dont have the internal & global demand for the infrasturcture/economy they have build (debtoverhang, debt servitude) &or social uprising &! USA overreach // Forget QE, Wall Street’s new drug is the stock buyback - on.mktw.net/1HDtdUR
Richard  Wolff  Taper  equity  bubble  China  irrational  exuberance  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  asset  bubble  hunt  for  yield  stock  buyback  fundamentals  economic  growth  recovery  UK  USA  balance  sheet  recession  Europe  Richard  Koo  job  creation  Service  Sector  Jobs  labour  market  participation  rate  underemployed  structural  unemployment  structural  imbalance  Impediments  unemployment  youth  unemployment  long-term  unemployment  Gini  coefficient  income  growth  disposable  income  low  income  income  distribution  income  inequality  wage  growth  wage  stagnation  employment  self-employment  squeezed  middle  class  precarious  work  working  poor  social  mobility  income  mobility  Robert  Shiller  robertshiller  part-time  Contractor  Zero  Hour  Contract  uncertainty  Niedriglohnsektor  minimum  wage  Niedriglohn  Lohnzurückhaltung  lohndumping  Zeitarbeit  Leiharbeit  monetary  policy  fiscal  policy  deleveraging  debtoverhang  savings  rate  debt  servitude  Super  Cycle  behavioral  economics  behavioral  finance  skills  gap  education  policy  vocational  education  economic  history  economic  model  trickle-down  economics  discretionary  spending  dogma  ideology  austerity  neoliberal  neoliberalism  democracy  Career  Politicians  No  Representation  debt  monetisation  debt  stagnation  inequality  history  debt  debt  debt  m 
july 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
inequality  income  inequality  gender  inequality  Gini  coefficient  social  mobility  downward  mobility  income  mobility  working  tax  credit  child  tax  credit  tax  code  capital  gains  fairness  income  distribution  capital  gains  tax  earned  income  tax  tax  avoidance  tax  evasion  corporate  tax  rate  tax  free  income  tax  credit  welfare  state  Public  Services  Services  austerity  trickle-down  economics  economic  model  economic  history  book  Privileged  progressive  kalte  Progression  coldprogression  wealth  distribution  academia  academics  neoliberal  neoliberalism  liberal  economic  reform  precarious  work  working  poor  poverty  trap  child  poverty  well  being  education  policy  vocational  education  skills  gap  paternity  leave  maternity  leave  gender-based  discrimination  gender  equality  Women  in  Tech  STEM  added  value  value  creation  shared  economic  interest  economic  damage  microeconomic  policy  economic  growth  disposable  income  discretionary  spending  Thomas  Piketty  Joseph  Stiglitz  josephstiglitz  Gesellschaft  social  tension  social  cohesion  society  uncertainty  insecurity  Career  Politicians  savings  rate  job  creation  labour  market  labour  economics  Lohnzurückhaltung  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  minimum  wage  living  wage  Contractor  Zero  Hour  Contract  Leiharbeit  Zeitarbeit  exploitation  Wall  Street  profit  maximisation  shareholder  value  crony  interest  interest  capitalis 
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
The escape from the balance sheet recession and the QE trap: An interview with Richard Koo - YouTube
"deflationary" is a symptom of balance sheet recession, deleveraging, debtoverhang ... of the private sector, corporate sector (& public gov sector) (to repair balance sheet). inflation of price of goods 2 live is still existent. you cant eat laptops. inflation is still present. actions of private sector, corporate sector to repair balance sheet (and even public sector, all three together) is deflationary. // UK! interesting is that consumer still borrows ie via credit card and mortgages. // question is how long UK can run such a big current account deficit. somebody has to pay for it, if not the gov with debt, then it has to be the private sector. as long as it can serve debt payments, as long as it has wage growth (increase of productivity, closing of output gap). But job creation during recovery was mostly Service Sector Jobs & self-employment. Not added value STEM. // corporate sector will not, in the long-run, pay for current account deficit w debt. &! youtu.be/EhYvaMc3f44
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july 2015 by asterisk2a
Davos 2015: Nouriel Roubini says Income Inequality Creates U.S. Plutocracy - YouTube
- shown hurting growth. US growth is dependent on consumer spending. stupid. hacking off the only leg one has is not smart. // established economic truth ! Paul Krugman: Inequality Actually Bad for Growth - youtu.be/cRMi8_M681U &! Paul Krugman & Tony Atkinson in Conversation | Inequality and Economic Growth - youtu.be/3l6E3mUNW70 &! &! What's Really Driving Income Inequality: Orszag - youtu.be/XJ_raBX7oq8 ( only added value jobs STEM - pays for work and shows wage growth, not so in service sector jobs. UK recovery showed it; lots of service sector job creation than any other type of job + Lohnzurueckhalting (no leverage to demand higher wage than just minimum wage or little above bc outside the door waits the one who will replace you) = no wage growth in the first couple of years of recovery and no productivity growth and persistent output gap (below potential) )
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july 2015 by asterisk2a
UK's inflation rate falls to 0% - BBC News
bit.ly/1IXuomp >> Carney: Current account deficit is a risk highlighted by FPC. UK is relying on the kindness of strangers to finance current account deficit. Household borrowing isn't driving the deficit Tighter fiscal policy is needed. Tighter macroeconomic policy is needed also. Deficit highlights importance of maintaining the attractiveness of the UK for foreign investment // &! bit.ly/1I07olT - BOE's Miles doesn't see secular stagnation in the UK [...] Carney - Health of the financial system is likely to boost productivity [really?] [...] McCafferty: Low income jobs have kept productivity low &! bit.ly/1JfaSxr - Bank is looking at the household sensitivity to rate rises [ mortgage bubble will prevent BOE to raise rates faster as demand stokes as more disposable income is spend on serving interest payments thus depressing GDP growth bc 70% of it is consumer spending ] &! bit.ly/1HtySg1
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july 2015 by asterisk2a
Who Will Pay? Austerity vs. Bailouts | Greece, Europe and The Euro! - YouTube
have to be held accountable >> bankers! but have not, just transfered private debt/losses onto public balance sheet which no has to paid down by the weakest of society and collectively by less public investment for the future (output gap/lower productivity) ie into infrastructure and education // stealing from the young // policy making by comfort and trinkets - George Osborne // moral hazard - the options they choose - paulson geithner summers and co made the tbtf and jail even worse! instead should have chosen partial privatization // sold off our future for keeping the gangsters "private" - get out of jail free card for what reason? because it would be not American? American means to be WALL STREET crony capitalistic greed with tax evasion and lobbying to the tunes of millions - your judge - that judges on you whether you get a free out of jail card?! // who will suffer in the end? the public and the weakest of society and unborn! period. long-term. // &! youtu.be/EmHYeGI0b_U
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july 2015 by asterisk2a
Employers warn of 'skills emergency' - BBC News
More than half of employers fear they will not be able to recruit enough high-skilled workers, according to a survey by the CBI. The employers' organisation is warning that a skills shortage is "threatening to starve economic growth". [...] "The government has set out its stall to create a high-skilled economy, but firms are facing a skills emergency now, threatening to starve economic growth," said Ms Hall. "Worryingly, it's those high-growth, high-value sectors with the most potential which are the ones under most pressure. That includes construction, manufacturing, science, engineering and technology. [...] The survey also highlighted concerns about the need for better careers advice to help young people understand more about the jobs likely to be available. [ &! scrapping GCSEs ! ] // education cost in UK are disenfranchising those who can not afford and are put off by the debt burden they will have to server // &! bit.ly/1IUkBxo
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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
George Kerevan: A merciless attack on the poor ... to the sound of cheers | Comment | The National
What about the cut to Corporation Tax, to 18 per cent? UK firms currently sit on £550bn in cash reserves which they have little inclination to spend, other than to buy back their shares. Cutting their taxes will only swell this useless cash mountain, not lead to more investment. Indeed, the independent Office for Budget Responsibility, in papers published with the Budget, forecasts Britain’s current account deficit on trade will worsen in the next five years – a sure sign of failing productivity and competitiveness. The Tories cheered George Osborne to the rafters yesterday but just wait until the economic roof falls in when American interest rates rise and Britain’s bubble economy has to face the real world.
current  account  deficit  added  value  industrial  policy  budget2015  STEM  Higher  Education  vocational  policy  Student  Maintenance  Grant  Gini  coefficient  social  mobility  austerity  downward  mobility  income  mobility  poverty  trap  child  poverty  poverty  working  tax  credit  tax  credit  child  tax  credit  Housing  Benefit  skills  gap  skill-biased  technological  change  Future  of  Work  Mobile  Creatives  Mobile  Creative  practical  skills  practical  skill  set  apprenticeships  George  Osborne  David  Cameron  IMF  OECD  globalisation  globalization  borderless  competitiveness  competitive  productivity  flat  world  economic  history  trickle-down  economics  economic  model  labour  economics  Wall  Street  shareholder  value  profit  maximisation  corporate  tax  rate  shared  economic  interest  stakeholder  tax  evasion  tax  avoidance  solidarity  fairness 
july 2015 by asterisk2a
Osborne's Budget: ‘High priest of an austerity cult’ | Politics | The National
At its heart was a commitment to cut the deficit and bring the country in surplus by 2020. Osborne will achieve that partly through cuts to government spending, partly through new tax avoidance measures and substantially with hefty cuts to welfare. // &! John Swinney: The National Living Wage hides an attack on people in low-wage jobs -bit.ly/1CrSapj &! Equality: This Budget continues the project which impoverishes women - bit.ly/1D3dxrX - women make up ~70-77% of recipients of tax credit! &! tax credit essential for families on low income to top up to afford "living" [...] The Scottish Federation of Housing Associations is wholeheartedly against the removal of the automatic entitlement to Housing Benefit for 18 to 21-year-olds. This will have an adverse affect on the life chances and employment prospects of the 28,000 plus claimants in this group – over half of whom have young families of their own – as it could, for many, put their homes at risk. bit.ly/1LYCgWA &! bit.ly/1D3egtb
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july 2015 by asterisk2a
Budget 2015: The return of Tina - BBC News
Tina, it would appear, is back. Forgotten Tina? The acronym for There Is No Alternative? Regularly cited by Margaret Thatcher? Thatcher? Oh, come on, it hasn't been that long since the Tories were in sole command of the UK. [ // history rhymes; Angela Merkel and her "Alternativlos." = There is No Alternative. ] George Osborne set out quite deliberately in a range of ways to suggest that there is no effective or realistic alternative to his approach. [...] It is aimed over their heads at the voters. Mr Osborne is seeking to suggest that there is a remorseless logic to his package, that only the ingrate or innumerate would oppose it.
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july 2015 by asterisk2a
Budget 2015: Student maintenance grants scrapped - BBC News
USA STYLE, no free education (~ we are all in it together, everyone is a stakeholder and pitches in, companies, people, pensioners, - to raise the added value one produces within an economy, over time - not so in USA, UK vs Germany - where people cry out loud that not enough qualified people exist to fill the economy needs and global demand for value added products, services, goods. IT IS ALSO A WAY TO REDUCE THE PUBLIC DEBT AND TRANSFER IT TO PRIVATE DEBT with higher interest payments = lower aggregate spending power in the future compared to lower interest rates serving it on the public books)! Load up on loans. // University maintenance grants 4 lower income students in England & Wales are 2be scrapped September 2016 [...] Student maintenance grants to be replaced with loans from 2016-17, to be paid back once people earn more than £21,000 a year. The maintenance loan will increase to £8,200. [will also affect mature students wanting to climb up the ladder].
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july 2015 by asterisk2a
Helpling: Putzportal-Chef Franke über Preise und Festanstellungen - SPIEGEL ONLINE
Putzjob: Zwischen 8 und 9,50 Euro Stundenlohn verdienen "Helplinge" - minus Kosten für Rentenversicherung, Anfahrt, Arbeitskleidung --- Die Plattform Helpling vermittelt günstige Putzkräfte. Forciert sie nur die Ausbeutung von Tagelöhnern? Hier spricht Mitgründer Benedikt Franke über karge Stundenlöhne. [...] KarriereSPIEGEL: On-Demand-Plattformen verbrennen derzeit vor allem Geld. Ihr US-Konkurrent Homejoy soll pro Auftrag zwölf Dollar Verlust einfahren. Wird Helpling jemals profitabel arbeiten können? Franke: Unser Geschäft hängt ganz davon ab, ob es uns gelingt, langfristige Kundenbeziehung aufzubauen. Darauf konzentrieren wir uns derzeit, versuchen aus ganzer Kraft, das Kundenerlebnis zu optimieren. Operativ arbeiten wir bereits profitabel. [ LTV - user lifetime value got to be < than user acquisition cost = sustainable (if operation can be paid for and some little profit even) - en.wikipedia.org/wiki/Customer_lifetime_value ] - bit.ly/1NP6Ore "digitaler feudalismus"
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july 2015 by asterisk2a
Olympic legacy failure: inspiring London 2012 message has become a millstone | Sport | The Guardian
“It’s very frustrating because it’s not rocket science. The problem in government generally is that it’s not very joined up. Government has historically been quite good at plans but not very good at executing them.” [...] More worrying, they suggest that increasingly we are becoming a two-tier sporting nation, with least progress being made among those in the lowest socioeconomic groups. // // needs grassroots, from the bottom-up, best practices, network (from GP offices to voluntary orgs, sport clubs and so forth - organising themselves, communicating, ... ), and funding. // & teaching of basics :: to make it a lifestyle choice, an identity, not a chore. >> Nutrition, Sport/Training/Activity, Mindset >> ( Intelligence, Emotional (intrinsic motivation), Identity - part of being you and your life with friends something you also share ). &! bbc.in/1NHvdz2
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july 2015 by asterisk2a
Universities push for higher fees - BBC News
// distortion to choice of students - prospective workforce = miss allocation of resources/assets (human capital). this is not consumer choice. this is a choice that will be with the rest of your life. &! Tens of thousands of students are relying on payday loans to cover their daily living costs, a survey suggests. - bbc.co.uk/news/education-33328374
un-college  University  social  mobility  income  mobility  education  policy  Gini  coefficient  student  loan  debt  Bubble  student  debt  UK  inequality  Privileged  Toff  Establishment  Future  of  Work  practical  skills  practical  skill  set  Liberal  Arts  knowledge  worker  knowledge  economy  competitiveness  competitive  flat  world  globalisation  globalization  fiscal  policy  labour  market  labour  economics  human  capital  vocational  education  distortion  asset  allocation  capital  allocation  choice  apprenticeships  Payday  Loans  cost  of  living 
july 2015 by asterisk2a
Can we ever really expect to see the growth of the past again? - Telegraph
>> what kind of jobs have been created since 2009? no high productivity/output jobs with marginal costs for each additional unit produced. those just fill in some gap. but do not add to above par economic output (blue ocean) // dot.com recovery was debt fuelled. GFC recovery was debt fuelled. // monetary policy might have saved the world momentarily, but fiscal policy did not put logs and pillars under the world, their respective economies - being prudent - looking long-term raising competitiveness with skilled workforce. things are now as a whole, as wobbily as they were 2009/10. Period.
secular  stagnation  Taper  output  gap  productivity  western  world  UK  USA  deflationary  Europe  structural  imbalance  Impediments  underemployed  labour  market  labour  economics  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  job  creation  job  market  economic  history  recovery  GFC  dot.com  policy  folly  policy  error  education  policy  vocational  education  Future  of  Work  Mobile  Creatives  Mobile  Creative  competitiveness  competitive  globalisation  globalization  flat  world  borderless  economics  of  abundance  marginal  cost  economic  damage  microeconomic  policy  long-term  view  long-term  thinking  employability  structural  unemployment  asset  bubble  ZIRP  NIRP  QE  workforce  austerity  IMF  OECD  economic  growth  lost  decade  lost  generation  disposable  income  discretionary  spending  squeezed  middle  class  precarious  Precariat  Zeitarbeit  Leiharbeit  Minijob  working  poor  Gini  coefficient  income  mobility  downward  mobility  social  mobility  Super  Rich  1%  Sozialer  Abstieg  Existenzangst  demographic  bubble  sovereign  debt  crisis  debtoverhang  balance  sheet  recession  savings  glut  deleveraging  Career  Politicians 
june 2015 by asterisk2a
The world is defenceless against the next financial crisis, warns BIS - Telegraph
Monetary policymakers have run out of room to fight the next crisis with interest rates unable to go lower, the BIS warns. [...] These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates. [greenspan put][dot.com and GFC were in part fuelled by inadequate rate setting and oversight] [...] [BIS also rejecting the notion of secular stagnation]. // &! BIS 'low rates hold back global growth' - http://www.ft.com/cms/s/12ded5aa-1be6-11e5-a130-2e7db721f996 // &! Rising interest rates pose new risk for banks: BIS - reut.rs/1Jgyft9 [...] but a "normalization" of borrowing costs would reverse the debt-fueled inflation of asset prices and hit banks' own loss-absorbing equity capital, the BIS said. "Just as falling yields have supported asset valuation gains in recent years, an eventual normalization would generate losses ... Banks' equity capital would shrink."
BIS  monetary  policy  unconventional  monetary  policy  Financial  Crisis  business  cycle  economic  cycle  economic  history  centralbanks  Fed  Taper  ECB  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  BOE  monetary  system  monetary  stimulus  monetary  transmission  mechanism  zombie  banks  EuropeanSystemicRiskBoard  bailout  equity  bubble  bond  bubble  fractional  reserve  banking  dot.com  GFC  recovery  Greenspan-Put  alangreenspan  Great  Moderation  Ben  Bernanke  Fed  mandate  Bank  Oversight  deflationary  debtoverhang  balance  sheet  recession  zombie  consumer  structural  imbalance  Impediments  output  gap  productivity  USA  UK  Europe  western  world  secular  stagnation  asset  allocation  distortion  capital  allocation  asset  bubble  job  creation  labour  market  labour  economics  Niedriglohnsektor  Niedriglohn  Service  Sector  Jobs  lost  generation  lost  decade  policy  folly  policy  error  demographic  bubble  sovereign  debt  debt  bubble  consumer  debt  debt  monetisation  debt  monetization  economic  growth  economic  damage  structural  unemployment  underemployed  supply  side  economics  microeconomic  policy  vocational  education  education  policy  Future  of  Work  Mobile  Creatives  Mobile  Creative  marginal  cost  economics  of  abundance  Silicon  Valley  industrial  policy  ideology  austerity  Fiscal  Pact  Schuldenbremse 
june 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.
precarious  work  Precariat  underemployed  Zeitarbeit  Leiharbeit  Minijob  minimum  wage  living  wage  gender  inequality  Gesellschaft  Sozialer  Abstieg  squeezed  middle  class  uncertainty  Existenzangst  hartz-iv  liberal  economic  reform  labour  market  labour  economics  Universal  Basic  Income  happiness  index  social  safety  net  welfare  state  tax  credit  tax  code  tax  free  Public  Services  Services  Schuldenbremse  austerity  Fiscal  Pact  chronic  stress  poverty  child  poverty  food  poverty  poverty  in  old  age  social  mobility  mobility  vocational  education  Gini  coefficient  Germany  mental  health  mental  illness  Oxidative  stress  health  health  policy  child  care  atypical  employment  structural  unemployment  long-term  unemployment  unemployment  microeconomic  policy  burnout  sociology  class  warfare  Soziale  Marktwirtschaft 
june 2015 by asterisk2a
Child poverty measurement set to change - BBC News
"We are all in this together." // "In short - can a [Tory gov] that says it is governing for "One Nation" unpick the rules around measuring & cutting the # of poor children in Britain without being accused of cynicism? // &! bit.ly/1GySqhN "The plan sounds reasonable, but the purpose is to whip up confusion at a time when the poor are about to get poorer. [...] “blue-collar Conservatism”, appealing to working-class Tories who are not much interested in such abstractions as relative poverty, but can certainly be rallied against those who are felt to be living at the expense of hard-pressed taxpayers." [pitting them against each other]. &! bit.ly/1TNlpbz &! bit.ly/1x0Ghmu existential threat &! bit.ly/1BMOJtg &! bit.ly/1K9G3OE bit.ly/1QQvINd &! Scrapping £320m independent living fund - bit.ly/1SJO4wT &! bit.ly/1TFWHdg 'trickle-down doesnt work, says IMF [...] 1% & well off only buy 1 pair of jeans. power 2 implement reform? [= rebellion, not able with status quo ppl << Chris Hedges]'
KPI  measurement  child  poverty  social  mobility  education  policy  Public  Services  Services  austerity  income  mobility  UK  Gini  coefficient  IMF  OECD  David  Cameron  economic  history  Conservative  Party  George  Osborne  Iain  Duncan  Smith  DWP  Future  of  Work  No  Representation  Toff  Establishment  Privileged  fairness  gesellschaft  Zivilgesellschaft  Sozialer  Abstieg  food  poverty  poverty  precarious  Precariat  underemployed  working  poor  minimum  wage  child  tax  credit  working  tax  credit  inequality  downward  mobility  tax  free  income  opportunist  Opportunism  class  warfare  class-warfare  squeezed  middle  class  short-term  thinking  short-term  view  noise  pollution  political  economy  Career  Politicians  Tories  uncertainty  competitiveness  competitive  globalisation  globalization  civil  society  sociology  social  tension  social  cohesion  PR  relations  communication  Spin  Doctor  practical  skills  practical  skill  set  skill-biased  technological  change  vocational  education  psychology  chronic  stress  premature  ageing  health  crisis  mental  health  mental  illness  health  health  policy  democracy  minority  disability  Disabled  trickle-down  economics  bailout  recovery  toobigtofail  TBTF  too  big  to  jail  wage  growth  liberal  economic  reform  tax  tax  tax  consumeris 
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
Scotland's growth engine lacks oil - BBC News
New jobs are being created, but nothing like as fast as in England. The net growth has been almost entirely in female employment over last year. That's been welcomed. But it suggests something's going wrong for men, without it being clear precisely what that is. As often noted, the quality of jobs remains a problem - zero hours, temporary, part-time, skills underused and many wanting to work more hours than they can get. And the ITEM Club returns to concerns that some sectors face skill shortages, which could push up pay for some without it being backed by higher productivity.
productivity  human  capital  Zero  Hour  Contract  part-time  labour  market  labour  economics  UK  Scotland  job  creation  recovery  output  gap  2015  Future  of  Work  vocational  education  practical  skills  practical  skill  set  Mobile  Creatives  Mobile  Creative  globalisation  globalization  borderless  flat  world  competitiveness  competitive  competitive  advantage  competition  education  policy  underemployed  employability  No  Representation  Career  Politicians  policy  folly  policy  error  short-term  thinking  short-term  view 
june 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
1099  Economy  Share  Economy  TaskRabbit  Uber  Lyft  on-demand  self-employment  marketplace  efficiencies  marketplace  Future  of  Work  contractor  Industrial  Revolution  2.0  contract  Zero  Hour  labour  market  labour  economics  Capitalism  crony  profit  maximisation  shareholder  value  stakeholder  exploitation  social  safety  net  welfare  state  tax  evasion  tax  avoidance  outsourcing  Universal  Basic  Income  uncertainty  working  poor  precarious  Precariat  Instacart  Postmates  Proletariat  USA  UK  neoliberal  neoliberalism  Workers  Union  tax  code  Wall  Street  underinvestment  productive  investment  Washington  revolving  door  No  Representation  Super  Rich  1%  Career  Politicians  voter  turnout  Protest  Partei  Protest  Party  Elizabeth  Warren  infrastructure  investment  21stcentury  Smart  Grid  education  policy  vocational  education  workforce  poverty  minimum  wage  living  wage  marginal  cost  economics  of  abundance  economic  history  globalisation  globalization  borderless  flat  world  policy  folly  Makers  policy  error  social  tension  social  cohesion 
may 2015 by asterisk2a
Jeremy Rifkin at the #CGC15: “The Zero Marginal Cost Society” - YouTube
From Top-Down Corporations to Prosumer (ProAm) to everybody being a potentially player! thus entrepreneurship, differentiation, being remarkable (Seth Godin). Distributed. Collaborative. Open. Transparent. (Open Source). Lateral Power. (TaxiOS project (collaborative) vs Uber (top-down Wall Street proprietary profit maximisation shareholder value with no shared economic interest, crony capitalism [ youtu.be/wCLPizjSe6I ]). // GFC 147$/barrel of oil. Started at 90$/barrel of oil --- globalisation/economic growth has a ceiling its 147$ and its starts to get prohibitive at 90$ // aggregate energy efficiency // Transport, Smart Grid, Internet, IoT; moving power, thus economic power. economic value chain // human capital; economic activity entity // digital goods = zero marginal cost of additional unit sold // Share Economy transforms Capitalism which will not be the primary exclusive arbiter of economic life // favours electricity cooperatives, E.ON, EDF, RWE & Co have to pivot //
marginal  cost  economics  of  abundance  book  Industrial  Revolution  2.0  Future  of  Work  Mobile  Creatives  Mobile  Creative  global  citizenship  Energy  Internet  Smart  Grid  renewable  green  transportation  public  transportation  policy  price  wind  security  efficiency  economic  history  Software  Is  Eating  The  World  augmented  intelligence  algorithm  algorithms  GFC  productivity  austerity  IoT  Big  Data  analytics  efficiency  Capitalism  Share  Economy  vocational  education  education  policy  practical  skills  practical  skill  set  MOOC  entrepreneurship  entrepreneur  differentiate  differentiation  Seth  Godin  society  culture  Universal  Basic  Income  3D  printing  Manufacturing  Moore's  Law  democracy  logistics  Internet 
may 2015 by asterisk2a
Jeremy Rifkin: A New Era of Capitalism - YouTube
energy changes societies. urbanisation and suburban enabled by fossil fuels. // "Energy Internet" clients are houses with solar roof-top and plugged in electric cars. Nodes are wind and solar farms, storage forms etc. Sharing energy globally. Continentalisation. // scales laterally, favours SME/SMB. // democratise manufacturing = 3D printing // Top-Down Corps to Prosumer (ProAm) to everybody being a potentially player! thus entrepreneurship, differentiation, being remarkable (Seth Godin). Distributed. Collaborative. Open. Transparent. (Open Source). Lateral Power. (TaxiOS project (collaborative) vs Uber (still top-down Wall Street profit maximisation shareholder value with no shared economic interest, capitalism [ youtu.be/wCLPizjSe6I ]). // We have to move from geopolitics to biosphere politics. Wall Street corporates are no stakeholders in our world, well being etc. // Continental political unions. Europe, Asia, South America, North America // Curse of oil! no diversification.
book  Industrial  Revolution  2.0  Energy  Internet  infrastructure  investment  infrastructure  Smart  Grid  ProAm  differentiate  differentiation  Seth  Godin  Future  of  Work  Mobile  Creatives  Mobile  Creative  Career  Politicians  No  Representation  education  policy  vocational  education  practical  skills  practical  skill  set  geopolitics  biosphere  politics  carbonfootprint  carbonemission  fossil  fuel  Wall  Street  stakeholder  globalisation  globalization  Collaborative  Capitalism  crony  profit  maximisation  shareholder  value  productive  investment  underinvestment  GFC  21stcentury  Europe  tarsand  shale  gas  shalegas  fracking  economic  model  economic-thought  economic  history  academia  academic  academics  trickle-down  economics  economics  of  abundance  marginal  cost  economic  growth  empathy  authenticity  authentic  humanitarian  crisis  human  tragedy  human  capital  human  progress  human  being  global  citizenship  global  warming  extreme  weather  weather  extreme 
may 2015 by asterisk2a
John Ralston Saul: Moving Beyond Globalism - YouTube
Deregulators & the people behind intellectual cleansing (ie Larry Summers vs Elizabeth Warren back in deregulation time of Clinton&Bush No. 2), have to be held responsible; economic thought; model, thinking, trickle-down, globalisation, no oversight & consumer protection // capitalism & globalisation are not self limiting // GFC is a symptom, Oil crisis in 70/80s, dot.com, world com, enron // globalisation (trade) doesnt solve growth problem // London banking is soufflé with no hard items (no real wealth creation within economy (income growth)) // shift money to who will spend it (re:bailout) // banks & rootless tax evaders global corps have no shared economic interest // "the globalist model" will work everywhere else, according to the IMF/World Bank, democracy will work in the Middle East. said the same people from the same school of thought // globalisation created oligopolies, not more competition! // climate change=investment w ROI // AfD=symptom // added value, no comp on price
GFC  recovery  Wall  Street  crony  capitalism  corporate  culture  corporate  governance  corporatism  trickle-down  economics  globalisation  globalization  economic  model  economic-thought  economic  history  economic  cycle  economic  growth  income  growth  Super  Rich  1%  Gini  coefficient  western  world  No  Representation  Career  Politicians  bailout  gesellschaft  social  tension  social  cohesion  Bank  IMF  austerity  neoliberal  neoliberalism  neoconservatism  neoconservatives  duopoly  oligarchy  oligopoly  oligopol  policy  folly  policy  error  Makers  lobbyist  lobby  Lobbying  revolving  door  populism  propaganda  AfD  UKIP  Protest  Partei  Protest  Party  European  Election  2014  society  Debt  Super  bubble  bond  bubble  jubilee  restructuring  haircut  sovereign  crisis  monetisation  monetization  consumer  household  debtoverhang  private  public  Fiscal  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  intellectual  honesty  climate  change  pollution  value  creation  added  value  middle  class  income  distribution  disposable  income  income  mobility  social  mobility  education  policy  vocational  education  practical  skills  practical  skill  set  differentiate  differentiation 
may 2015 by asterisk2a
John Ralston Saul: The Collapse of Globalism - YouTube
the source of legitimacy is economics and only one source/type of economic thinking // TTIP & Co erase governments! // globalisation hailed promises, empty promises. // the more they say its inevitable, the more you know its the way out. // bailout for one side of society, and austerity for the others // no shared economic interest !!! rootless tax evaders global corporations are not stakeholders in country X // where does the power go? decision and policy making? to those with money and influence and network! - thus not the citizens // "we are in a post-globalist world" really? why is there then TTIP? Austerity is currently taking over the vacuum! // neoliberalism pouted and propagandated by fear induced monologues by Career Politicians (GFC) // money has no moral limits nor conscience !!! // great moderation and unfettered globalisation & financial realm (masters of the universe) - Alan Greenspan & Ben Bernanke >> extremes (ideology) break down (GFC) // austerity doesn't work!
globalisation  globalization  economic  history  GFC  recovery  austerity  liberal  economic  reform  book  democracy  human  capital  deregulation  lobbyist  lobby  Lobbying  No  Representation  Career  Politicians  economic  model  trickle-down  economics  borderless  TTIP  flat  world  income  growth  western  world  Gini  coefficient  Consumer  Protection  CETA  NAFTA  USA  social  cohesion  social  contract  social  tension  crony  capitalism  Wall  Street  profit  maximisation  shareholder  value  Davos  1%  Super  Rich  Thomas  Piketty  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  bailout  too  big  to  jail  toobigtofail  TBTF  PIGS  IMF  Bank  education  policy  vocational  education  underinvestment  productive  investment  Industrial  Revolution  2.0  Future  of  Work  tax  evasion  tax  avoidance  tax  code  stakeholder  Margaret  Thatcher  Angela  Merkel  David  Cameron  George  Osborne  neoliberal  neoliberalism  academia  academic  alangreenspan  Ben  Bernanke  benbernanke  Great  Moderation  zombie  banks  ideology  individuality  sociology  society  psychology  gesellschaft  western  society  capital  gains  self-regulation  regulation  regulators  Bank  Oversight  revolving  door 
may 2015 by asterisk2a
OECD: Jugendarbeitslosigkeit und viele Zeitverträge - SPIEGEL ONLINE
35 Millionen junge Menschen sind in den OECD-Staaten ohne Job oder Ausbildung. Gut steht laut einer neuen Studie allerdings Deutschland da - aber in einem Punkt haben es die Jungen hierzulande auf dem Arbeitsmarkt besonders schwer. - http://www.oecd.org/edu/oecd-skills-outlook-2015-9789264234178-en.htm // Berufsanfänger in Deutschland erhalten so häufig wie in kaum einem anderen OECD-Land nur einen befristeten Vertrag. [...] Wer einen Zeitvertrag hat, hat auch geringere Chancen, an einer Weiterbildung teilzunehmen. Im schlimmsten Fall können durch die Befristungen daher Kompetenzen verkümmern, warnt die Organisation. [...] Besserung verspricht eine frühe Förderung und der Ausbau von Kitas: Verschiedene Studien der OECD zeigen, dass Kinder, die im Vorschulalter eine Betreuungs- oder Bildungseinrichtung besucht haben, später besser lesen und rechnen. Kinder aus benachteiligten Familien profitieren besonders stark von der frühen Förderung.
education  policy  OECD  IMF  lost  decade  lost  generation  austerity  Europe  vocational  education  underinvestment  productive  investment  Career  Politicians  GFC  recovery  income  inequality  income  growth  Gini  coefficient  neoliberal  neoliberalism  inequality  policy  error  policy  folly  short-term  thinking  short-term  view  Future  of  Work  Industrial  Revolution  2.0  globalisation  globalization  borderless  flat  world  practical  skills  practical  skill  set  Software  Is  Eating  The  competitiveness  competitive  competition  precarious  Precariat  working  poor  uncertainty  Zeitarbeit  Werkvertrag  Leiharbeit  human  capital  social  mobility  income  mobility  poverty  Services  Public  Services  childcare 
may 2015 by asterisk2a
Malcolm Gladwell on the challenge of hiring in the modern world - The New Yorker Conference - YouTube
// self-taught autodidact non-computer science applicants are not doing well in traditional brogrammer interviews &! RailsConf 2014 - Keynote: Writing Software by David Heinemeier Hansson - https://youtu.be/9LfmrkyP81M
Software  Development  HR  human  resources  programmers  Programming  computer  science  STEM  vocational  education  continual  education  e-learning  online  learning  MOOC  hiring  skills  mismatch  education  policy  practical  skills  practical  skill  set 
may 2015 by asterisk2a
Extreme austerity a political choice not economic necessity (UK)
has lots of papers on // "Extreme austerity a political choice not economic necessity." (UK) // "We are all in this together." Conservatives and LibDems >> &! http://www.theguardian.com/politics/2015/may/05/uk-living-standards-fell-for-all-but-the-richest-under-coalition-analysis &! http://www.theguardian.com/news/datablog/2012/may/22/social-mobility-data-charts &! http://www.bbc.co.uk/news/education-24566926 //
austerity  UK  Conservative  Party  David  Cameron  Nick  Clegg  George  Osborne  underinvestment  productivity  output  gap  infrastructure  investment  management  fiscal  policy  IMF  economic  history  Career  Politicians  No  Representation  short-term  thinking  short-term  view  policy  error  policy  folly  social  mobility  Gini  coefficient  income  mobility  downward  mobility  labour  market  labour  economics  vocational  education  education  policy  continual  education  Industrial  Revolution  2.0  globalisation  globalization  competitiveness  competitive  competition  squeezed  middle  class  working  poor  precarious  work  Precariat  Proletariat  working  class  middle  class  tax  evasion  tax  avoidance  trickle-down  economics  Super  Rich  1%  crony  capitalism  profit  maximisation  shareholder  value  Wall  Street  Toff  Privileged  Establishment  John  Van  Reenen 
may 2015 by asterisk2a
Britain needs a real manifesto for growth | Business | The Guardian
There is a chronic shortage of supply in transport, energy and housing. Roads, rails and airports are clogged; we are in danger of the lights going out due to low electricity capacity and pathetic rates of house building have generated stratospheric prices. Building infrastructure produces permanent economic gain, but provokes temporary political pain. Nimbies object to disruption and we have been reluctant to compensate them properly. So it’s no surprise that people use the archaic planning system to block and delay investment projects. Politicians find it easier to prevaricate and reverse their predecessors’ decisions and set up ad hoc celebrity reviews (e.g. the coalition’s bottling out of Heathrow expansion). When the time comes for spending cuts, investment is first on the chopping block because the economic bruises only come out years later. Political short-termism is mirrored by corporate myopia which holds back innovation. There remains a lack of competition in banking. ...
UK  productive  investment  underinvestment  austerity  IMF  recovery  infrastructure  investment  2015  David  Cameron  George  Osborne  Conservative  Party  education  policy  labour  market  labour  economics  productivity  output  gap  social  mobility  income  mobility  Gini  coefficient  inequality  income  inequality  income  growth  squeezed  middle  class  Industrial  Revolution  2.0  vocational  education  continual  education  tax  avoidance  tax  evasion  fairness  welfare  state  Services  Public  Services  social  safety  net  apprenticeships  tax  credit  macroeconomic  policy  microeconomic  policy  fiscal  policy  fiscal  stimulus  neoliberalism  neoliberal  globalisation  globalization  competitiveness  competitive  competition  precarious  work  Precariat  working  poor  working  class  Zero  Hour  Contract  contractor  outsourcing  opportunist  Opportunism  short-term  thinking  short-term  view  Career  Politicians  investment  banking  1%  Privileged  Establishment  Toff  No  Representation  policy  error  policy  folly  Germany  Schuldenbremse  Pact  Wolfgang  Schäuble  Angela  Merkel  retraining  on  job  training  John  Van  Reenen 
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
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