tsuomela + unemployment   32

The Philosophers' Mail
"The man is indeed employed, but in truth, he belongs to a large subsection of those in work we might term the 'misemployed'. His labour is generating capital, but it is making no contribution to human welfare and flourishing. He is joined in the misemployment ranks by people who make cigarettes, addictive but sterile television shows, badly designed condos, ill-fitting and shoddy clothes, deceptive advertisements, artery-clogging biscuits and highly-sugared drinks (however delicious). The rate of misemployment in the economy might be very high. "
employment  unemployment  jobs  work  misemployment  human-resources  labor  from instapaper
february 2014 by tsuomela
Vernor Vinge on Technological Unemployment | THE DECLINE OF SCARCITY
"Essentially Vinge is describing a theoretical crowdsourcing platform (or platforms) that could systematically harness human minds and direct them towards the tasks humans still do best. This is actually very consistent with the point of view expressed in Brynjolfsson and McAfee’s book Race Against the Machine, in which unemployed human beings are described as a large “slack resource,” one that hopefully some entrepreneur or platform designer will figure out how to put to efficient use. I do think this is a very credible possibility and I particularly like Vinge’s image of a few bright shining stars of human ability twinkling against the blackness of algorithmic space. True, over time, more and more of those stars might blink out, and new stars might become much harder to find, but it’s entirely possible that there are still enough stars out there to see us through the coming transitional period, and computer networks might have the potential to help us identify and exploit those stars."
crowdsourcing  technology  technology-effects  economics  work  labor  future  singularity  unemployment  citizen-science  participation 
june 2013 by tsuomela
Stumbling and Mumbling: Unemployment, scarring & well-being
"There’s a trade-off between a flexible labour market, in which there are high rates of job loss and creation, and personal well-being. You can’t have both. "
unemployment  economics  well-being  psychology  jobs  work  labor  from instapaper
october 2011 by tsuomela
We Are the 99 Percent
We are the 99 percent. We are getting kicked out of our homes. We are forced to choose between groceries and rent. We are denied quality medical care. We are suffering from environmental pollution. We are working long hours for little pay and no rights, if we're working at all. We are getting nothing while the other 1 percent is getting everything. We are the 99 percent.
unemployment  capitalism  america  protests  poverty  class  class-war  online  story  work  labor  recession  depression  crisis  wall-street 
october 2011 by tsuomela
The Fed Dissenters, Or: Examining Narayana Kocherlakota’s Gut. | Rortybomb
"There it is. Job creators hate future taxes, and unemployment insurance has left our workforce weak, so don’t expect unemployment to come down anytime soon.

For all the fancy math, this logic is very similar to Fisher. ”Now suppose that, for the reasons just mentioned, p fell by 10 percent in the past three years and z increased by 0.05 during this period” is about as close to a “gut” feeling and “gut” reasoning as you can get. This appears to be how one of the most powerful people in the world for determining the future of the United States’ economy is determining his dissent from Bernanke’s position."
unemployment  decision-making  models  econometrics  macroeconomic  economics  recession 
august 2011 by tsuomela
The Stigmatization of the Unemployed « naked capitalism
"I’d argue that the roots lie in a fundamental change in policy that took place around 1980. The lesson that economists drew from the stagflation of the 1970s was that labor had too much bargaining power. The excessive fiscal stimulus of the later 1960s and the oil price shocks of the 1970s had been amplified by the fact that workers had enough clout to demand and get wage increases when they faces sustained price increases. That of course led to more price increases since higher wages led to higher production costs which led business owners to increase prices of their goods and servicer, thus accelerating the inflation already under way.

The solution, per neoclassical economists, was to use unemployment to keep wage demands in check. Thus having a lower level of employment even in good times and taking other measures, like weakening unions, was key to keeping those pesky workers from ever serving to create a reinforcing inflationary dynamic."
economics  unemployment  inflation  the-fed  policy  politics  unions  wages 
march 2011 by tsuomela
Making Light: ...or assuredly we will all hang separately
"The *normal operation* of economic markets makes some people poor. Not because they are lazy, or fail to take initiative, or lack foresight, or have insufficient gumption and moxie. Just because."
economics  poverty  unemployment  work  labor  capitalism  free-markets 
february 2011 by tsuomela
Why the "lazy jobless" myth persists - Unemployment - Salon.com
First, there's what psychologists call the Just-World Fallacy -- the tendency to believe the world is inherently fair. This delusion is embedded in our pervasive up-by-the-bootstraps, everyone-can-be-a-millionaire catechism.
Narcissism is also a factor. In a nation that typically dehumanizes the destitute Other with epithets like "welfare queen" and "white trash," our self-centered culture leads the slightly less destitute to ascribe their own relative success exclusively to superhuman greatness.
Finally, there's raw fear -- arguably more powerful than even arrogance.
economics  crisis  recession  unemployment  myths  psychology  bias  cognition 
december 2010 by tsuomela
Is Okun’s Law Really Broken? - Freakonomics Blog - NYTimes.com
But perhaps the problem isn’t Okun’s Law. Perhaps the problem is how we measure output growth. In fact, there are two measures of output growth—the usual measure, which adds up total spending in the economy, and the alternative, which adds up total income. In theory, the two should be exactly the same. In practice, they have been very different during this recession.
economics  measurement  econometrics  gdp  recession  theory  unemployment  statistics 
march 2010 by tsuomela
Book Review: Frank Koller's Spark - WSJ.com
Review of Spark by Frank Koller. The book is a profile of Lincoln Electric a company that has had a no-layoff policy since the 1950s.
book  review  economics  management  business  layoff  unemployment  business-as-usual  business-model  jobs  work  labor 
march 2010 by tsuomela
How a New Jobless Era Will Transform America - The Atlantic (March 2010)
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come.
economics  sociology  recession  effects  unemployment  income  money  jobs  generational-analysis  generation 
february 2010 by tsuomela
Op-Ed Columnist - Does Obama Get It? - NYTimes.com
The Obama administration seems hamstrung by the unemployment crisis. No big ideas have emerged. No dramatically creative initiatives. While devoting enormous amounts of energy to health care, and trying now to decide what to do about Afghanistan, the president has not even conveyed the sense of urgency that the crisis in employment warrants.
recession  employment  unemployment  jobs  economics 
october 2009 by tsuomela
Economic Perspectives from Kansas City: A Message to President Obama: Stop Priming the Pump, Hire the Unemployed
So, when the government is called to action, the economic profession has replaced Keynes’s “fiscal policy via public works” with a “leaky bucket pump-priming mechanism.”
about(JohnMaynardKeynes)  employment  fiscal-policy  government  unemployment  work  labor  recession  stimulus 
july 2009 by tsuomela
Levy Economics Institute of Bard College :: Keynes’s Approach to Full Employment Aggregate or Targeted Demand?
This paper argues that John Maynard Keynes had a targeted (as contrasted with aggregate) demand approach to full employment. Modern policies, which aim to “close the demand gap,” are inconsistent with the Keynesian approach on both theoretical and methodological grounds. Aggregate demand tends to increase inflation and erode income distribution near full employment, which is why true full employment is not possible via traditional pro-growth, pro-investment aggregate demand stimuli. This was well understood by Keynes, who preferred targeted job creation during expansions. But even in recessions, he did not campaign for wide-ranging aggregate demand stimuli
about(JohnMaynardKeynes)  employment  economics  unemployment  government  fiscal-policy  demand  paper 
july 2009 by tsuomela
New Left Review - Michael Denning: Wageless Life
"Under capitalism, the only thing worse than being exploited is not being exploited. Since the beginnings of the wage-labour economy, wageless life has been a calamity for those dispossessed of land, tools and means of subsistence. Expelled from work, the wageless also became invisible to science: political economy, as Marx noted in the earliest formulations of his critique of the discipline, ‘does not recognize the unemployed worker’"
work  labor  marxism  history  unemployment  third-world 
june 2009 by tsuomela
Labor Markets and Business Cycles
Why are workers unemployed sometimes? Why do unemployed workers coexist with job vacancies? How much does the incidence and the duration of unemployment rise during economic downturns, and why? Much of my research during the last five years has tried to answer these questions by developing quantitative models of labor market dynamics and comparing the models' predictions with data, especially from the United States.
economics  research  unemployment  theory  labor  work 
september 2008 by tsuomela

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