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Almost all the 10 million jobs created since 2005 are temporary — Quartz
“We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment. - https://www.reddit.com/r/Economics/comments/79jmuh/almost_all_the_10_million_jobs_created_since_2005/
USA  economic  history  workers  trade  union  recovery  GFC  secular  stagnation  social  income  mobility  inequality  job  creation  Precariat  working  poor  security  insecurity  1099  gig  economy  Self-Employment  part-time  Uber  on-demand  profit  maximisation  capitalism  neoliberal  neoliberalism  benefits  welfare  state  tax  credits  evasion  avoidance  Austerity  BarackObama  DonaldTrump  Donald  Trump  Brexit  AfD  poverty  trap  post-racial  American  Dream  UK  Germany  btw17  lobby  vested  interest  No  Representation  employment  Zeitarbeit  Leiharbeit  Werkvertrag  Agenda  2010  Agenda2010 
october 2017 by asterisk2a
German Election 2017: Angela Merkel's Bitter Victory - Full English Analysis - SPIEGEL ONLINE
Jamaika  btw17  AfD  AngelaMerkel  Angela  Merkel  Germany  FDP  European  Union  Retrotopia  refugee  Protest  Saxony  Rentnerrepublik  PEGIDA  Precariat  working  poor  poverty  trap  social  income  mobility  Agenda2010  job  insecurity  welfare  state  Austerity  bank  bailout  Identity  Politics  recovery  economic  history  Rechtsruck  far-right  right-wing  alt-right  Identitäre  Bewegung  reform  neoliberal  Capitalism  diversity  LEGIDA  NPD  neoconservatism  neoconservatives  neo-Nazi  Nazi  neoNazi  immigration  No  Representation 
september 2017 by asterisk2a
Falling unemployment is great for the economy? Try telling cleaners like Irene | Stefan Baskerville | Opinion | The Guardian
While UK unemployment fell by 75,000 in the three months to July, bringing the jobless rate down to 4.3%, these figures disguise a disturbing trend in the British labour market – one of falling wages, rising insecurity and false self-employment. At the New Economics Foundation, we carried out research that shows two in every five people employed in the UK are in “bad jobs” – work that doesn’t provide a secure, living wage.
UK  working  poor  Precariat  Austerity  Self-Employment  zero  hour  contract  part-time  child  credit  tax  insecurity  job  Productivity  underinvestment  skill  gap  disposable  income  discretionary  spending  consumer  debt  household  zero-hour  on-demand  profit  maximisation  living  standard  wage  growth  inflation  secular  stagnation  GFC  recovery  poverty  trap  Deprivation  mental  health  chronic  stress 
september 2017 by asterisk2a
Millennials wish they had grown up in baby boomers' times – survey | Money | The Guardian
Resolution Foundation study reveals growing concern about debt, job security, home ownership and retirement finances [...] “I feel sorry for millennials. They live in this low-wage economy now,” said one baby boomer. “I’m not sure how they’re going to afford anything. It’s dreadful.”
Babyboomers  Mark  Blyth  MarkBlyth  Millennials  Generationengerechtigkeit  poverty  trap  neoliberal  neoliberalism  Capitalism  Exploitation  affordable  housing  Generation  Rent  seeking  Rentier  UK  student  debt  job  security  Standard  of  Living 
september 2017 by asterisk2a
BREAKING First Interview: Bernie Sanders On Donald Trump Winning the Election - Nov 10th 2016 - YouTube
minimum wage, gender wage gap, infrastructure, trade deals, ... tax evasion & avoidance! - will he tackle it? // don't take anger out on minorities and poor (help by language of government, ie deserving poor and undeserving poor) - what the tories did successfully.
DonaldTrump  Donald  Trump  presidency  Super  Rich  1%  10%  20%  Plutocracy  tax  evasion  avoidance  minimum  wage  working  poor  productivity  output  gap  value  creation  added  job  education  policy  squeezed  middle  class  GFC  bank  bailout  poverty  Demagogue  Populism  Racism  Bernie  Sanders  UK  underinvestment  underemployed  underemployment  Manufacturing  technological  unemployment  inequality  income  growth  gini  Coefficient 
november 2016 by asterisk2a
Atul Singh: "The Global Rise of the Far Right" | Talks at Google - YouTube
people have to come to expect XYZ, but never materialised. literally // communities locally (suburb aspiration) have been broken down by consumerism materialism and 24/7 work / work being identity // & no certainty. thus you hang onto anyone who promises you past certainty, salvation, promised age. continuity in age of uncertainty and volatility. don't know if you have job next month. and gives you promises you collective identity. thus seeking authoritarian father figure. // & have to address - future (certainty, moral purpose), identity, inequality.
Donald  Trump  far-right  right-wing  inequality  gini  Coefficient  social  mobility  AfD  UKIP  Brexit  Germany  UK  USA  Rechtsruck  Rechtsextremismus  technocracy  Identity  Politics  Centrists  squeezed  middle  class  economic  history  Precariat  OECD  income  Consumerism  materialism  status  anxiety  career  Politicians  no  Representation  Toff  Privileged  Establishment  European  Union  job  insecurity  Zero  Hour  Work  Sociology  Psychology 
august 2016 by asterisk2a
Economic Update: The System Exposed (2016.08.18) - YouTube
34:30 = Gig Economy / Sharing Economy = Hype, PR! attempt to part w your money, w your job. your condition is a now unsecure job, the precariat. welcome to the share economy.
Gig  Economy  Sharing  1099  Uber  Deliveryroo  Precariat  Precarious  Work  Zero  Hour  Contract  part-time  technological  unemployment  mobile  homescreen  job  insecurity 
august 2016 by asterisk2a
A hard truth for Leave voters: Brexit means big government
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
globalisation  globalization  squeezed  middle  class  Precariat  working  poor  job  security  job  insecurity  self-employment  neoliberal  neoliberalism  liberal  economic  reform  Agenda  2010  Zero  Hour  Contract  OECD  BRIC  USA  UK  Germany  France  economic  history  capitalism  capitalism  in  crisis  protectionism  Brexit  exploitation  crony  capitalism  tax  evasion  tax  avoidance  immigration  migration  Philip  Hammond  austerity  Workers  Union  Workers  Rights  Trade  Union  Theresa  May  Conservative  Party  nasty  Tories  budget  deficit  neoclassical  economics  Chicago  School  deflation  deflationary  aggregate  demand  aggregate  demand  short-fall  Richard  Koo  free  free  agreement  underinvestment  business  confidence  productivity  productivity  gap  productive  investment  output  output  gap  technological  unemployment  skills  economy  skills  gap  skill  gap  industrial  policy  Manufacturing 
july 2016 by asterisk2a
The politics of anger | The Economist
When Margaret Thatcher was prime minister, amid the triumph of Soviet collapse, an aide slipped Mr Fukuyama’s essay on history into her papers. The next morning she declared herself unimpressed. Never take history for granted, she said. Never let up. For liberals today that must be the rallying cry. //&! https://soundcloud.com/theeconomist/tasting-menu-audio-highlights-from-the-july-2nd-2016-edition //&! https://www.project-syndicate.org/commentary/the-politics-of-anger-by-dani-rodrik-2016-03?barrier=true - History never quite repeats itself, but its lessons are important nonetheless. We should recall that the first era of globalization, which reached its peak in the decades before World War I, eventually produced an even more severe political backlash.
Brexit  austerity  squeezed  middle  class  Chicago  School  economic  history  Precariat  working  poor  globalisation  globalization  unemployment  immigration  western  world  secular  stagnation  bank  bailout  GFC  recovery  tax  evasion  tax  avoidance  UK  USA  European  Union  AfD  UKIP  Front  National  Germany  France  Centrist  Career  Politicians  politician  welfare  state  far-right  right-wing  Nationalism  Nationalismus  Polarisation  demagogue  demagogy  fear  mongering  uncertainty  job  security  job  insecurity  poverty  child  poverty  Gini  coefficient  social  mobility  income  mobility  inequality  income  distribution 
july 2016 by asterisk2a
Gesellschaft ǀ Orlando, Symbol des Scheiterns — der Freitag
Das Scheitern der „Gesellschaft“. Wir sollten uns selbst fragen, wie es möglich ist, dass es in modernen, offenen Gesellschaften, für manche Menschen nötig ist, Halt in extremistischen, menschenverachtenden Ideologien zu suchen. Ich beziehe das nicht nur auf „Islamisten“ oder religiöse Fanatiker. Wir müssen uns doch auch fragen, wie es sein kann, dass selbst Menschen, die in unserem Land geboren wurden, dazu kommen, diese Gesellschaft rigoros abzulehnen. Wie kommen diese Menschen dazu, dieses Land, unsere Verfassung, die ihnen garantiert, ihre Meinung sagen zu können und frei zu leben, zu bekämpfen? //&! Cenk Uygur, host of The Young Turks - youtu.be/36QWM_JL-lA
LGBT  LGBTQIASP  Gesellschaft  Gesellschaftswerte  Zivilgesellschaft  Zivilcourage  society  western  world  disenfranchise  disenfranchised  inequality  trust  Politics  class  warfare  radicalisation  radicalization  radicalism  extremism  Islamophobia  Islamophobic  Sharia  Law  Islamic  Law  Islam  Muslim  Islamic  Fundamentalism  Islamic  Fundamentalist  extremism  radicalism  ISIS  Taliban  al-Qaeda  al-Qaida  Middle  East  Career  Politicians  neoliberal  neoliberalism  insecure  insecurity  youth  unemployment  job  insecurity  Precariat  far-right  far-right  right-wing  right-wing  extremism  neoconservatism  neoconservatives  working  poor  social  mobility  income  mobility  racism  post-racial  America  discrimination 
june 2016 by asterisk2a
The tech industry has cut a Google’s worth of jobs in the past 12 months
bigger companies, more profitable products, with less people. // “It would be wrong to assume that increased job cuts are a sign of weakness in the tech sector,” Challenger, Gray & Christmas CEO John Challenger said in a statement. “The simple fact is that the industry is going through a transformation and companies either have to shift their focus or risk extinction. We will always need technology, but how we interact with it, as well as where and when we interact with it, are changing rapidly.” //&! http://recode.net/2016/04/19/intel-chipmaker-mobile-earnings-restructuring/ - Intel missed the mobile revolution. Now it faces its day of reckoning.
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april 2016 by asterisk2a
Martin Lewis conforonts Osborne over his living wage con
companies cut back on perks, lunch breaks, and paid overtime arrangements. or change work arrangement; change to being self-employed contractor. //&! As predicted Osborne's national living wage is a con - youtu.be/MQfEWTN5hR4 - cut of overtime and weekend pay bonus. - ALSO THERE COMES AGE DISCRIMINATION. BECAUSE starts not for students!/<25years old! //&! bbc.co.uk/news/business-36082247 - Osborne warns firms not to cut perks on back of National Living Wage
living  wage  self-regulation  working  poor  Greed  profit  maximisation  profit  maximization  George  Osborne  Iain  Duncan  Smith  budget2015  minimum  wage  low  pay  low  income  self-employment  Contractor  Zero  Hour  Contract  HMRC  income  tax  receipts  Precariat  precarious  employment  precarious  work  tax  credit  poverty  working  tax  credit  working  condition  working  class  squeezed  middle  class  Trade  Union  Workers  Union  Service  Sector  Jobs  job  creation  shareholder  capitalism  crony  capitalism  regulation  regulators  capitalism  shareholder  value  productivity  output  gap 
april 2016 by asterisk2a
Revolutionary politics in the UK
// yanis is liberal marxist // &! Will John McDonnell's fiscal rules work for Labour? Paul Mason Vs John Rentoul - youtu.be/0EISho5eSUc - OBR econometrics dictated by Treasury, George Osborne w wonky multipliers that don't fit w IMF models. IMF calls for fiscal stimulus! since late 2015 because China's credit bubble popped and global economy started to head south.
Yanis  Varoufakis  Paul  Mason  Labour  Party  Jeremy  Corbyn  Bernie  Sanders  Marxism  democracy  No  Representation  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  amnesty  tax  avoidance  Soziale  Marktwirtschaft  fairness  Social  Justice  economic  bank  bailout  GFC  austerity  Generationengerechtigkeit  revolving  door  lobby  Greed  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  Wall  Street  Main  Street  squeezed  middle  class  working  poor  Precariat  poverty  trap  economic  history  UK  globalisation  globalization  global  economy  self-regulation  deregulation  regulation  regulators  secular  stagnation  trickle-down  economics  free  market  exploitation  liberal  economic  reform  self-employment  job  security  job  insecurity  Zero  Hour  Contract  antitrust  winner  take  all  gini  coefficient  inequality  deprivation  poverty  John  McDonnell  austerity  aggregate  demand  Richard  Koo  Joseph  Stiglitz  Schuldenbremse  Fiscal  Pact  economic  history  neoliberal  neoliberalism  OBR  Chicago  School  neoclassical  economics  infrastructure  investment  liquidity  trap 
april 2016 by asterisk2a
A!104 – Panama Freaks
58:26 - spin doctor and positioning, PR. // es ist ja bekannt das intendanten des fernsehen mal einen anruf bekommen und es richtig stellen sollen, so wie inter BPK: illegal eingewanderte fluechtlinge. was ein oxymoron. ein fluechtling zu sein ist keine illegale sache! // + 10.000 kids missing! // 1:45:54 - Panama Papers. Journalists have for years papers. And don't use them to shine light on the organised system in the western world of tax evasion/avoidance! Wie fatal.
Panama  Papers  investigative  journalism  journalism  journalismus  tax  evasion  tax  amnesty  tax  avoidance  Turkey  International  spin  doctor  Positioning  PR  manufactured  consent  corporate  media  BPK  refugee  crisis  Greece  Brussels  Rechtsradikalismus  Rechtsextremismus  Rechtsradikale  Gewalt  Rechtsruck  Germany  Angela  Merkel  Asylbewerber  Völkerrecht  European  Union  Schengen  Agreement  political  refugee  war  refugee  Human  Rights  Act  Human  Rights  Watch  Human  Trafficking  sex  condition  decency  dignity  humanitarian  crisis  humanitarian  tragedy  Erdogan  Kurds  Middle  East  sex  trade  tax  loopholes  tax  loopoles  Career  Politicians  AfD  NPD  Agenda  2010  ALG2  neoliberal  neoliberalism  liberal  economic  reform  hartz-iv  squeezed  class  job  insecurity  working  poor  Precariat  Zeitarbeit  Leiharbeit  Minijob  1  Euro  Aufstocker  low  pay  low  income  minimum  wage  Soziale  Marktwirtschaft  bank  bailout  sovereign  debt  crisis  austerity  Fiscal  Pact  Schuldenbremse  recovery  GFC  economic  history  Super  Rich  1%  oligarchy  plutocracy  European  Election  2014  rechtsradikal  Fremdenfeindlichkeit  Ausländerfeindlichkeit  Xenophobia  Xenophobic  PEGIDA  Altersarmut  poverty  poverty  trap  poverty  in  old  age  poverty  c 
april 2016 by asterisk2a
IMF urges more spending to boost growth
Fund’s steering committee calls for more forceful stimulus and warns monetary policy alone is not enough //&! http://www.theguardian.com/business/imf //&! bit.ly/1V9pfhD - IMF chief: regulators long 'alarmed' over Panama's handling of taxation. Christine Lagarde responds to Panama Papers revelations, noting that authorities were concerned but did not take ‘expected’ action.
secular  stagnation  Panama  Papers  tax  evasion  tax  amnesty  tax  avoidance  corporate  tax  rate  labour  market  job  market  Service  Sector  Jobs  income  tax  receipts  budget2016  George  Osborne  David  Cameron  general  election  2015  general  election  2020  election  campaign  promises  Party  Funding  Richard  Koo  Confidence  Fairy  austerity  underinvestment  Generationengerechtigkeit  triple-lock  pension  fairness  Generation  Rent  Housing  Crisis  property  bubble  USA  UK  reflation  reflate  fiscal  policy  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  GFC  sovereign  debt  banking  bank  bailout  job  creation  squeezed  middle  class  working  poor  disposable  income  discretionary  spending  IMF  OECD  credit  bubble  China  BRIC  recovery  Germany  economic  history  2016  Niall  Ferguson  budget  deficit  offshore  banking  investment  banking  TBTF  self-regulation  Greed  crony  capitalism  shareholder  capitalism  globalisation  globalization  global  economy  Oil  price  commodity  prices  ChristineLagarde  inequality  Gini  coefficient  income  mobility  social  mobility  low  pay  low  income  tax  credit  child  poverty  food  poverty  health  care  cost  health  care  demand  western  world  European  Union  Brussels  Brexit  Grexit  sick  population  health  economic  Union  Union  investment  policy  fiscal  me 
april 2016 by asterisk2a
Capitalism and Mental Health: How the Market Makes Us Sick
POVERTY TRAP! // we were never as miserable as a nation as ever before.
profit  maximisation  profit  maximization  underinvestment  austerity  shareholder  capitalism  capitalism  in  crisis  capitalism  capitalist  working  poor  Precariat  squeezed  middle  class  status  anxiety  materialism  consumerism  consumerist  well  being  mental  health  burnout  work  life  balance  exploitation  exploited  part-time  part-time  employment  Contractor  self-employment  Soziale  Marktwirtschaft  cortisol  poverty  trap  poverty  child  poverty  low  pay  low  income  shareholder  value  Wall  Street  disposable  income  discretionary  spending  Robert  Skidelsky  Slavoj  Žižek  Disabled  vulnerable  DWP  WCA  Iain  Duncan  Smith  Stephen  Crabb  George  Osborne  David  Cameron  public  health  public  health  policy  public  health  risk  liberal  economic  reform  neoliberal  neoliberalism  JSA  sanctions  Food  Bank  self-medication  substance  abuse  abuse  alcohol  abuse  alcoholism  binge  drinking  coping  mechanism  GP  health  care  cost  health  care  demand  NHS  homeless  homelessness  Housing  Generation  Rent  UK  USA  precarious  work  precarious  employment  isolation  child  protection  education  policy  Self-esteem  sociology  psychology  Wertegesellschaft  Gesellschaft  values  Gentrified  Gentrifzierung  gentrification  Beton  Gold  Betongold  urban  planning  urbanisation  rat  capitalism  class  economic 
april 2016 by asterisk2a
What Happens Next (In Europe)?
the odds of another crisis are higher than a rally to fresh records. [...]
“The 2009-2015 rally originated from two main drivers: a massive stimulus, and credit expansion in China,” said Goette, who’s a partner at his firm in Zug, Switzerland and helps oversee 1 billion Swiss francs ($1 billion).

“European earnings have not followed suit so far. Skepticism regarding central-bank operations has started to emerge.”
ECB  Brussels  recovery  reflate  reflation  China  credit  bubble  Germany  PIGS  zombie  banks  European  Bank  Supervision  European  Economic  Area  European  Election  2014  working  poor  squeezed  middle  class  Soziale  Marktwirtschaft  MarioDraghi  OMT  LTRO  monetary  policy  monetary  stimulus  Fiscal  Pact  Schuldenbremse  sovereign  debt  crisis  France  Brexit  Grexit  Angela  Merkel  Wolfgang  Schäuble  history  underinvestment  Richard  Koo  Yanis  Varoufakis  liquidity  trap  zombie  corporations  youth  unemployment  demographic  bubble  OAP  discretionary  spending  disposable  income  liberal  reform  Precariat  precarious  employment  low  pay  low  income  Minijob  Zeitarbeit  Leiharbeit  1  Euro  Job  Structural  Impediments  imbalance  unemployment  monetary  transmission  mechanism  monetary  union  union  Rechtsruck  Bundesbank  fault  lines  shareholder  capitalism  bailout  GFC  2016  PBOC  Exportweltmeister  zombie  Financial  Stability  Board  crony  capitalism  Deutsche  Bank  infrastructure  investment  competitiveness  Beton  Gold  Betongold  asset  allocation  Super  Rich  1%  oligarchy  plutocracy  democracy  tax  evasion  tax  avoidance  Wall  Street  shareholder  value  profit  maximisation  profit  maximization  Russia  Crimea  Ukraine  U 
april 2016 by asterisk2a
Future of Steel - Ken Clarke & Paul Mason - BBC Newsnight
[TORIES CRISIS: bedroom tax, JSA sanctions killing people, Food Banks, redefining child poverty and fuel poverty, Independent Living Fund closed, Housing Crisis, tax cut defeat in Lords, mental health, NHS strikes, Hinkley Point C, energy prices, London Airport expansion/3rd runway, ESA cut, PIP cut and resignation of IDS, Brexit splitting the Party, shit world economy, can't touch triple-lock pensions, Academy plans, Panama Papers (British Territory: Bahamas, Cayman & Co).] Now - Tories are victims to their own policy of underinvestment since 2010 of a future-proof economy "long-term predictability" [BREXIT & austerity not predictable]. Energy prices too high, not competitive. Manufacturing never recovered. Monetary policy has run its course (sedative + Chinas credit bubble). policy folly now wholly exposed! AND now they tinker with the idea of picking winners! LOL! nationalising or part-nationalising through guarantees or subsidies on energy price. & youtu.be/QJw24Z-cEoQ
underinvestment  austerity  Smart  Grid  energy  policy  energy  price  competitive  advantage  competitive  George  Osborne  David  Cameron  budget2010  budget2015  Budget2016  Manufacturing  current  account  deficit  budget  deficit  trade  deficit  TPP  AIIB  World  Bank  China  BRIC  commodity  prices  heavy  industry  microeconomic  policy  macroeconomic  policy  macroprudential  policy  Mark  Carney  education  policy  skills  gap  skill  gap  skill  investment  apprenticeship  further  education  immigration  migration  Tories  Conservative  Party  nasty  NIRP  ZIRP  QE  recovery  output  gap  productivity  productivity  gap  Service  Sector  Jobs  job  creation  labour  market  job  market  DWP  Iain  Duncan  Smith  general  election  2015  election  campaign  promises  Manifesto  corporate  restructuring  corporate  welfare  subsidies  subsidizing  corporate  subsidies  Privatisation  Nationalization  Nationalisation  constituency  Party  Funding  general  election  2020  IMF  OECD  policy  folly  policy  error  global  economy  credit  bubble  Germany  Hinkley  Point  C  renewable  energy  energy  storage  job  creation  fiscal  policy  monetary  policy  Mark  Carney  QE  ZIRP  NIRP  property  bubble  rent-seeking  rentier  liquidity-trap  liquidity  trap  Housing  Crisis  Help  to  Save  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let 
april 2016 by asterisk2a
British households doing less cleaning, DIY and gardening, says ONS
[80% of 2015 GDP growth was consumer related][home improvement is bell weather signal] [...] Over the past decade British waistlines have expanded with obesity reaching crisis levels. Yet the ONS estimates that, in the home at least, the number of calories consumed has been falling. [...] Another significant change is the value put on “transport services” provided by households. This week record car sales were reported, jumping to more than 500,000 in March alone, yet the number of miles driven by households – to go to work or the shops, collecting children from school, etc – remains significantly below the levels recorded a decade ago. [...] It attributed the fall to petrol costs and pressure on household budgets after the financial crash. [...] . Time spent on DIY is down the most – by 20% since 2005. ...
recovery  disposable  income  discretionary  spending  DIY  homeownership  UK  property  bubble  Housing  Crisis  Generation  Rent  squeezed  middle  class  consumer  debt  household  debt  credit  card  debt  car  loan  ZIRP  NIRP  QE  mortgage  market  distortion  credit  payment  working  poor  low  pay  low  income  job  insecurity  private  debt  consumer  spending 
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
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april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
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april 2016 by asterisk2a
Discussing the IMF’s research on inequality - an interview with Andrew Berg
Inequality and Unsustainable Growth (2011) - imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf - what are the determinants of sustained growth (answer a middle class). phases of growth. institutional governance (tax evasion and tax avoidance). lobby, revolving door, no representation, career politicians. [...] redistribution should have win-win effect. //&! Richard Wilkinson: How economic inequality harms societies - youtu.be/cZ7LzE3u7Bw - national income per head (average) is not reflective (correlates) for health and child well-being measures, social capital (volunteering, Tories Big Society), mental health, prison population, social mobility. that is why Tories redefined fuel poverty & child poverty! That is why nominal GDP targeting is double edge sword (tax evasion and average national income per head, and being dependent on a industry for GDP (ie Brazil and resources, or south UK and banking - 80% of 2015 growth was consumtion). Leads to status anxiety & materialism/
inequality  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  squeezed  middle  class  working  poor  CEO  pay  shareholder  capitalism  IMF  western  world  Super  Rich  1%  plutocracy  oligarchy  discretionary  spending  disposable  income  Generation  Rent  poverty  poverty  trap  meritocracy  meritocratic  income  distribution  American  Dream  child  poverty  Thomas  Piketty  income  growth  income  inequality  income  mobility  Gini  coefficient  social  mobility  income  redistribution  Universal  Basic  tax  credit  tax  free  income  tax  evasion  tax  amnesty  tax  avoidance  HMRC  Political  Governance  Career  Politicians  revolving  door  Lobbying  lobby  lobbyist  No  Representation  Niall  Ferguson  secular  stagnation  Elizabeth  Warren  Precariat  job  insecurity  welfare  state  social  safety  net  nominal  GDP  targeting  WHO  consumerism  materialism  status  anxiety  values  social  status  self-esteem  mental  health  well  being  GNP 
april 2016 by asterisk2a
Budget 2016: Four key numbers - BBC Newsnight
weaker outlook for income tax receipts & economy/global economy >> OBR has done 'no projections' on impact of Brexit: Robert Chote - BBC Newsnight - youtu.be/A0jvIUKTU1U //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw - "WE HAD THE BIGGEST BANK BAILOUT" //&! NICKY MORGAN ON TORY WELFARE ROW - BBC Newsnight - youtu.be/IC_Yhggk62o
Budget2016  OBR  secular  stagnation  income  tax  receipts  productivity  gap  recovery  economic  history  Richard  Koo  Brexit  Schuldenbremse  Fiscal  Pact  general  election  2020  austerity  underinvestment  business  confidence  job  creation  Service  Sector  Jobs  low  pay  low  income  working  poor  tax  credit  Zero  Hour  Contract  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK  fairness  Generationengerechtigkeit  pension  obligation  triple-lock  pension  bank  bailout  trickle-down  economics  dogma  ideology  Richard  Koo  Privatisation  free  market  demographic  bubble  poverty  child  poverty  food  poverty  ESA  Disabled  vulnerable  DLA  PIP  DWP  Iain  Duncan  Smith  sanctions  JSA  social  housing  affordable  housing  Crisis  property  bubble  welfare  state  welfare  reform  Universal  housing  benefit  social  safety  net 
march 2016 by asterisk2a
Angestellte bei Airbnb und Uber: "Diese Jobs schaffen ein neues Prekariat"
AirbnB und andere Firmen tun so, als hätten sie eine soziale Mission. Doch laut dem Buchautor Tom Slee beuten sie ihre Angestellten schlimmer aus als herkömmliche Firmen - und begünstigen totale Überwachung. // SPIEGEL: Es gibt Ökonomen, die sehen in diesen neuen Jobs auch eine Chance.

Slee: Diese Jobs schaffen ein neues Prekariat. Die dahinterstehenden Plattformen tarnen sich als Innovation, bauen aber auf unbegrenzte Verfügbarkeit und darauf, Arbeitsgesetze auszuhebeln und alles Risiko den Kleinunternehmern aufzuhalsen. [...] SPIEGEL: Uber und Co gerieren sich oft als Plattformen für freie Miniunternehmer. Sind sie das wirklich?

Slee: Die Leute sind scheinselbstständig, oft werden sie wie Angestellte behandelt. Tatsächlich haben sie etwa die Pflicht, 90 Prozent der angeforderten Fahrten anzunehmen, sonst werden sie gefeuert.
Share  Economy  sharing  Uber  for  X  Uber  Lyft  AirBnB  Book  on-demand  mobile  homescreen  ondemand  convenience  convenience  Service  Sector  Jobs  Precariat  precarious  employment  precarious  work  Contractor  part-time  part-time  employment  Zero  Hour  Contract  1099  Economy  Gig  Economy  neoliberal  neoliberalism  tax  credit  low  pay  low  income  self-employment  labour  market  job  insecurity  job  security  job  market  secular  stagnation  squeezed  middle  class  working  poor  marketplace  efficiencies  TaskRabbit  minimum  wage  TOS  employment  EULA 
march 2016 by asterisk2a
As unicorn startups send customer service gigs to the hinterland, is Silicon Valley exporting its prosperity, or just dead-end jobs?
In the end, only a couple of the San Francisco Lyft staffers decided to go to Nashville. Some scrambled to find new jobs in the company, and the rest got severance and left. Six months later, two people I talked to are still looking for jobs, in a city that boasts a 3.4 percent unemployment rate. “I feel a little burned by this experience,” said one. “There’s just this understanding that if you work for customer service in the tech world you’re not valued. Those are soft skills, and associated with women, they’re not super valued.” [...] With their skills deemed better suited to Nashville, Lyft’s workers can’t help but internalize another message about whether they belong in increasingly Darwinian San Francisco. “It doesn’t make any fucking sense to live in one of the most expensive areas in the country and work in nonprofit development,” one told me.
Another customer service worker I’d talked to from a big software company decided that if she wanted to stick around the Bay Area, it was time to teach herself to code.
Service  Sector  Jobs  low  pay  working  poor  low  income  precarious  work  squeezed  middle  class  job  creation  job  market  job  insecurity  job  security  Silicon  Valley  part-time  Contractor  outsourcing  self-employment  customer  runway  operating  margin  cost  center  cost  of  living  standard  of  living  costcutting  tax  credit  Precariat  precarious  employment  career  ladder  career  advice  IT  Industry  labour  market 
march 2016 by asterisk2a
The Uber Model, It Turns Out, Doesn’t Translate
Uber for X // Startups that deliver what you want, when you want it — like Uber, but for groceries, laundry, munchies, etc. — are revamping their business plans or shutting down entirely. It turns out that the on-demand model is so cash-intensive that it only really works if you're, well, Uber.
Uber  Uber  for  X  Uber  Playbook  Lyft  on-demand  mobile  homescreen  convenience  Share  Economy  Gig  Economy  self-employment  1099  Economy  marketplace  efficiencies  TaskRabbit  Zero  Hour  Contract  commodity  business  commoditization  Niedriglohnsektor  Service  Sector  Jobs  job  insecurity  job  creation  job  security  job  market  freelancing  freelance  precarious  work  working  poor  Silicon  Valley 
march 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
budget2015  budget2016  budget2010  general  election  2010  general  election  2015  PR  spin  doctor  economic  history  Positioning  Richard  Koo  austerity  underinvestment  dogma  ideology  policy  folly  policy  error  George  Osborne  David  Cameron  nasty  party  Iain  Duncan  Smith  corporate  tax  rate  corporate  welfare  corporate  subsidies  tax  evasion  tax  avoidance  Google  Inc.  shareholder  capitalism  bank  bailout  budget  deficit  Tories  Conservative  secular  stagnation  aggregate  demand  babyboomers  ageing  population  Northern  Powerhouse  triple-lock  pension  pension  obligation  Generationengerechtigkeit  fairness  Generation  Rent  property  bubble  Service  Sector  Jobs  job  creation  squeezed  middle  class  working  poor  precarious  work  tax  credit  wage  stagnation  productivity  output  gap  Gini  coefficient  income  tax  receipts  tax  code  Zero  Hour  Contract  part-time  underemployment  underemployed  low  pay  low  income  BOE  ZIRP  NIRP  QE  consumer  debt  household  debt  credit  card  debt  election  campaign  promises  car  loan  student  debt  discretionary  spending  disposable  income  child  poverty  Food  poverty  tax  credit  Privatisation  Council  Public  Services  Social  Services  bed  blocking  education  policy  skills  gap  Academy  underinvestment  NHS 
march 2016 by asterisk2a
Budget 2016: the productivity and prosperity puzzle
It wasn't so much "here's a rabbit from the hat" but more: "look over there - a squirrel!" [...] [Productivity] turned out disappointingly again. And that's knocked back the growth estimates for the economy, as well as for pay, for tax revenue, and for company profits over the rest of the decade.
Britain's not alone in that. But keeping company with the USA on such numbers is not that reassuring. [...] And as that is the main, long-term driver of real pay, it means Britain's standard of living will improve from the recession, but at only two thirds of the rate we've come to expect. [ Recovery ] average year saw only 0.1% per year.
budget2016  OBR  forecast  secular  stagnation  austerity  George  Osborne  Brexit  general  election  2020  Tories  nasty  party  Conservative  Positioning  constituency  Funding  Toff  Career  Politicians  Establishment  Privileged  PIP  tax  code  HMRC  tax  evasion  tax  avoidance  industrial  policy  productivity  gap  productivity  output  gap  income  tax  receipts  job  creation  Service  Sector  Jobs  working  poor  tax  credit  low  income  working  tax  credit  low  pay  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK 
march 2016 by asterisk2a
Budget 2016: George Osborne's political balancing act
Like Sherlock Holmes, we must look in this Budget for the dogs that do not bark. Four years out from a general election, this is the time in the political cycle when chancellors can take unpopular decisions. A moment, perhaps, for a big reform to our pensions or taxation. Yet the mood music emerging from the Treasury is distinctly adagio. [...] Genuinely radical plans to overhaul pension tax relief have been put on hold for fear of upsetting middle and higher earners. Proposals to cut the 45p top rate of tax are said to have gone the same way. [...] [OBR] is expected to say that the British economy is smaller than the watchdog had expected it would be when it made that prediction. As such, the Treasury would get less than it had expected in tax revenues.
budget2016  George  Osborne  Brexit  general  election  2020  austerity  Career  Politicians  Tories  nasty  party  Boris  Johnson  Conservative  OBR  secular  stagnation  HMRC  income  tax  receipts  Job  Creation  Service  Sector  Jobs  working  poor  low  pay  low  income  squeezed  middle  class  savings  rate  tax  credit 
march 2016 by asterisk2a
Budget 2016: Osborne's economic fitness regime - BBC News
[2015] 80% OF ECONOMY CONSUMER SPENDING! - The economy has enjoyed what Andrew Goodwin of Oxford Economics describes as a "sugar rush" -the equivalent of a big tax cut - or 'fiscal stimulus' - through lower petrol prices. The economy grew by 2.2% last year; 80% of that growth was down to consumer spending. "That [growth] strikes us as some distance below par given the tailwinds we have had," Mr Goodwin says. And after the sugar rush comes the sugar crash: growth is likely to be revised down in the years to come because of global economic weakness.
budget2016  budget2015  George  Osborne  policy  folly  policy  error  zombie  consumer  consumer  debt  household  debt  credit  card  debt  car  loan  student  debt  ZIRP  NIRP  QE  mortgage  rates  mortgage  market  property  bubble  Oil  price  commodity  prices  aggregate  demand  distortion  underinvestment  IFS  OBR  income  tax  receipts  HMRC  job  creation  Service  Sector  Jobs  working  poor  low  income  low  pay  squeezed  middle  class  Consumerism  Industrial 
march 2016 by asterisk2a
Kommunalwahl in Hessen: Nichtwähler machen AfD stark - SPIEGEL ONLINE
[ symptom ] // Die Rechten sind auf dem Vormarsch. Ihr Erfolg ist auch eine Antwort der Gesellschaft auf eine Krankheit des Kapitalismus, die von den etablierten Parteien ignoriert wird. Und die hat mit den Flüchtlingen nichts zu tun. - bit.ly/1QBo7Ad //&! Banned TED Talk: Nick Hanauer "Rich people don't create jobs" - youtu.be/CKCvf8E7V1g - nobody can afford to buy new stuff. circle of life. customers and businesses. consumer needs to have disposable income //&! Nick Hanauer: Beware, fellow plutocrats, the pitchforks are coming - youtu.be/q2gO4DKVpa8
AfD  No  Representation  democracy  plutocracy  oligarchy  Super  Rich  1%  fairness  Rechtsruck  Rechtsextremismus  UKIP  Europe  Germany  UK  populism  Polarisation  fearmongering  Fear  voter  turnout  Soziale  Marktwirtschaft  Sozialpolitik  Integrationspolitik  refugee  crisis  Agenda  2010  squeezed  middle  class  hartz-iv  working  poor  minimum  wage  ALG2  Aufstocker  Minijob  Leiharbeit  Zeitarbeit  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  lobbyist  lobby  Lobbying  revolving  door  NPD  Angela  Merkel  Gini  coefficient  Altersarmut  poverty  poverty  in  old  age  social  mobility  income  mobility  kalte  Progression  Schuldenbremse  Fiscal  Pact  Wolfgang  Schäuble  GFC  recovery  job  security  insecurity  symptom  crony  capitalism  capitalism  exploitation  wage  stagnation  far-right  right-wing  trickle-down  economics  free  market  neoliberalism  neoliberal  neoconservatism  neoconservatives 
march 2016 by asterisk2a
German Banks Told To Start Hoarding Cash | Zero Hedge
In order to generate artificial economic growth, the ECB wants banks to make as many loans as possible, no matter how stupid or idiotic. They believe that economic growth is simply a function of loans. The more money that’s loaned out, the more the economy will grow. This is the sort of theory that works really well in an economic textbook. But it doesn’t work so well in a history textbook. Cheap money encourages risky behavior. It gives banks an incentive to give ‘no money down’ loans to homeless people with no employment history. It creates bubbles (like the housing bubble from 10 years ago), and ultimately, financial panics (like the banking crisis from 8 years ago). Banks are supposed to be conservative, responsible managers of other people’s money. When central bank policies penalize that practice, bad things tend to happen.
Richard  Koo  aggregate  demand  austerity  fiscal  policy  Pact  Schuldenbremse  economic  history  ZIRP  NIRP  QE  distortion  financial  repression  hunt  for  yield  speculative  bubbles  speculative  speculation  Venture  Capital  Mutual  Fund  Private  Equity  reflate  reflation  recovery  GFC  debtoverhang  liquidity  trap  zombie  banks  deleveraging  Debt  Super  Cycle  secular  stagnation  consumer  wage  stagnation  squeezed  middle  class  disposable  income  discretionary  spending  marginal  propensity  to  consume  tax  evasion  tax  avoidance  oligarchy  plutocracy  Super  Rich  1%  household  car  loan  credit  card  student  loan  student  loan  student  Bubble  generation  rent  OMT  job  creation  Service  Sector  Jobs  working  poor  precarious  work  Precariat  Zero  Hour  Contract  Contractor  Leiharbeit  Zeitarbeit  Agenda  2010  low  pay  low  income  TLTRO  LTRO  monetary  transmission  mechanism  velocity  of  money 
march 2016 by asterisk2a
Over 80% Of Jobs Added In January Were Minimum Wage Earners | Zero Hedge
most of the jobs that were created, if only on a goalseeked, seasonally adjusted basis, were of the lowest paying, worst possible quality as has been the case for the past 7 years as the BLS desperately seeks to "pad" its political mandate of providing proof in a recovery which however is impossible if it were to tell the truth. //&! https://www.reddit.com/r/Economics/comments/48xbro/jobs_report_242000_jobs_added_unemployment_rate/d0njzvb //&! http://www.zerohedge.com/news/2016-03-04/past-year-us-added-360000-waiters-and-only-12000-manufacturing-workers &! http://www.zerohedge.com/news/2016-03-04/president-obama-takes-economic-victory-lap-after-biggest-wage-drop-record
UK  USA  job  creation  Service  Sector  Jobs  minimum  wage  low  pay  low  income  precarious  work  Precariat  BLS  HMRC  DWP  Iain  Duncan  Smith  George  Osborne  David  Cameron  aggregate  demand  Richard  Koo  consumer  debt  household  debt  credit  card  debt  car  loan  secular  stagnation  recovery  GFC  austerity  trickle-down  economics  neoliberalism  neoliberal  living  wage  tax  credit  FOI  Freedom  of  Information  Act  free  market  social  safety  net  welfare  state  housing  benefit  working  poor  economic  history  squeezed  middle  class 
march 2016 by asterisk2a
David Graeber on a Fair Future Economy - YouTube
13:30 - BOE paper, austerity claims are bogus. the confidence fairy et al //&! The truth is out: money is just an IOU, and the banks are rolling in it David Graeber. The Bank of England's dose of honesty throws the theoretical basis for austerity out the window - bit.ly/1fWKC0s - What this means is that the real limit on the amount of money in circulation is not how much the central bank is willing to lend, but how much government, firms, and ordinary citizens, are willing to borrow. Government spending is the main driver in all this (and the paper does admit, if you read it carefully, that the central bank does fund the government after all). So there's no question of public spending "crowding out" private investment. It's exactly the opposite.
austerity  BOE  David  Graeber  George  Osborne  economic  history  Schuldenbremse  IMF  OECD  G20  recovery  aggregate  demand  IOU  Mark  Carney  underinvestment  productivity  output  gap  job  creation  monetary  theory  monetary  policy  monetary  system  Fiscal  Pact  Wolfgang  Schäuble  NIRP  ZIRP  QE  policy  book  Richard  Koo  secular  stagnation 
march 2016 by asterisk2a
House of Lords votes to keep income-related child poverty measures | Society | The Guardian
[ trying to redefine poverty! ] Iain Duncan Smith, the work and pensions secretary, announced the proposals in July, prompting dismay among child poverty charities. He said the government would scrap its measurement of child poverty and the aim to eradicate it by 2020, while replacing it with a new duty to report levels of educational attainment, worklessness and addiction. Under his plans, the old measurement, based on the percentage of households with below-average income, would continue to be published as a government statistic but would no longer be seen as a target. However, peers voted by 290 to 198 to keep the targets, in a move to prompt the House of Commons to think again. [...] [ TRICKLE-DOWN! ] David Freud, the welfare minister, opposed the amendment on behalf of the government, saying “life chances” indicators were a better way of monitoring what was happening and of directing resources most effectively to tackle the problem.
Iain  Duncan  Smith  child  poverty  poverty  David  Cameron  George  Osborne  nasty  party  Conservative  Tories  DWP  tax  credit  working  poor  precarious  work  Precariat  education  policy  deprivation  attainment  gap  post  code  lottery  general  election  2015  Manifesto  constituency  Funding  long-term  unemployment  youth  unemployment  structural  unemployment  Toff  Westminster  Whitehall  Establishment  Privileged  ESA  vulnerable  Disabled  disability  No  Representation  austerity  Council  Social  Services  Public  Services  child  tax  credit  working  tax  credit  Zero  Hour  Contract  Contractor  low  pay  low  income  minimum  wage  apprenticeships  trickle-down  economics  neoliberalism  neoliberal  self-employment  Gini  coefficient  mobility  downward  mobility  income  mobility  recovery  job  creation  squeezed  middle  class  secular  stagnation  budget2015  budget2016 
march 2016 by asterisk2a
UK consumes far less than a decade ago – 'peak stuff' or something else? | Business | The Guardian
From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013 [...] UK households have also abandoned buying many resource-intensive goods common in the recent past – such as metal-heavy video recorders and hi-fi systems, vinyl records, CDs and books – as they shift to digital consumption. [...] The figures will spark fresh speculation that Britain and other developed economies have hit ‘peak stuff’, although some critics pour scorn on the quality of the ONS’s environmental accounts. In January, Ikea said the appetite of western consumers for home furnishings had reached its peak and consumption of many familiar goods was at its limit. Household spending on physical goods, including furnishings, clothing, cars and gadgets, decreased between 2002/03 and 2014, [...] Households now spend more on services than physical goods, he said. [...] [ saturation in some markets but we are not living in peak stuff ]
peak  stuff  secular  stagnation  demographic  bubble  zombie  consumer  materialism  status  anxiety  consumerist  consumer  choice  consumerism  sustainability  sustainable  resource  depletion  finite  resources  consumer  debt  marginal  propensity  to  consume  disposable  income  discretionary  spending  household  debt  car  loan  credit  card  debt  student  loan  debt  student  loan  student  debt  StudentLoans  savings  rate  retirement  poverty  in  old  age  poverty  squeezed  middle  class  wage  stagnation  job  creation  low  pay  low  income  Zero  Hour  Contract  Contractor  self-employment  working  poor  precarious  work  Precariat  capitalism  western  world  COP21  carbon  tax  carbonfootprint  carbonemission  sharing  economy  Service  Sector  Jobs  recycling 
february 2016 by asterisk2a
Mervyn King: new financial crisis is 'certain' without reform of banks | Business | The Guardian
The former Bank of England governor says in his new book that imbalances in the global economy makes a crash inevitable [...] GFC was the fault of the financial system, not individual greedy bankers, in his new book, The End Of Alchemy: Money, Banking And The Future Of The Global Economy [...] “Without reform of the financial system, another crisis is certain, and the failure ... to tackle the disequilibrium in the world economy makes it likely that it will come sooner rather than later,” Lord King wrote. [...] global central banks were caught in a “prisoner’s dilemma” - unable to raise interest rates for fear of stifling the economic recovery, the newspaper reported. [... blame] broken financial system. [...] failure of a system, and the ideas that underpinned it, [...] “Only a fundamental rethink of how we, as a society, organise our system of money and banking will prevent a repetition //&! dailym.ai/21tPG5y
bank  crisis  banking  crisis  investment  banking  self-regulation  retail  banking  Greed  financial  product  regulation  regulators  City  of  London  George  Osborne  Mark  Carney  macroprudential  policy  property  bubble  austerity  liquidity  trap  secular  stagnation  job  creation  Service  Sector  Jobs  economic  history  GFC  neoliberalism  neoliberal  trickle-down  economics  free  market  ZIRP  NIRP  QE  faultlines  hot-money  hunt  for  yield  distortion  financial  repression  emerging  middle  class  emerging  market  Frontier  Markets  BRIC  China  Brazil  credit  bubble  2016  reflate  reflation  junk  bond  revolving  debt  household  debt  mortgage  market  consumer  debt  UK  IMF  OECD  credit  card  debt  car  loan  BOE  MervynKing  ECB  Fed  Europe  deflationary  deflation  Gini  coefficient  inequality  MarioDraghi  Taper  QT  bonuses  bonus  global  imbalances  structural  imbalance  Career  Politicians  lobbyist  lobby  Lobbying  revolving  door  New  Normal  speculative  bubbles  Richard  Koo  Fiscal  Pact  Schuldenbremse 
february 2016 by asterisk2a
Brexit referendum could destabilise UK recovery, says IMF | Business | The Guardian
[ putting investment decisions and plans on hold! ] Christine Lagarde warns that uncertainty over outcome ‘will be bad in and of itself’ in months leading up to vote [...] But the IMF’s annual health check said “the relatively positive outlook is subject to risks and uncertainties”, including a global slowdown, sluggish productivity growth, a large trade deficit, still-high levels of household debt, and the forthcoming referendum on EU membership. It said any sign of weakness in growth should be met with higher spending by the Treasury. The UK authorities should explore “both revenue and expenditure measures, while protecting spending in priority areas, including healthcare, education, and infrastructure”. The report emphasised that “flexibility in the fiscal framework should be used to modify the pace of adjustment in the event of weaker demand growth”. [ moderates and politicians, wisely worded! no instructions. no direct criticism. ]
Brexit  austerity  household  debt  consumer  debt  property  bubble  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  IMF  OECD  job  creation  Service  Sector  Jobs  trade  deficit  UK  George  Osborne  David  Cameron  fiscal  policy  industrial  policy  labour  market  underinvestment  education  policy  NHS  child  poverty  Gini  coefficient  inequality  social  mobility  income  mobility  recovery  2016  general  election  2015  budget  deficit  election  campaign  promises  Manifesto  Generationengerechtigkeit  fairness  trickle-down  economics  neoliberalism  neoliberal  labour  economics  Zero  Hour  Contract  part-time  minimum  wage  tax  credit  Contractor  self-employment  low  pay  Precariat  working  poor  low  income  disposable  income  discretionary  spending  debt  servitude  monetary  policy  fiscal  stimulus  Pact  Schuldenbremse  general  election  2020 
february 2016 by asterisk2a
Talia Jane may have deceived us, but her point stands
ind.pn/1Qc5SxH bit.ly/1KJQjAE bit.ly/1SV92vy bit.ly/1oBBh5k [ 2nd jobs bc first does only cover bills ] Even if Talia was the most frugal millennial in all the land, she’d still be living beyond her means. In the Bay Area, that is shockingly easy to do, thanks in part to companies like her former employer that have driven rents sky-high with no ceiling in sight. Income inequality is a huge problem in this country, especially in the Bay Area. Yelp’s answer to that, by the way, appears to be to just move the lower wage jobs to Phoenix, rather than pay the employees it has in San Francisco more. Charming. //&! https://twitter.com/hankgreen/status/702488056645992449 - women in the workplace ... //&! https://twitter.com/polotek/status/702025499782950912 bootstap yourself
Precariat  working  poor  San  Francisco  Silicon  Valley  Yelp!  customer  service  low  pay  low  income  income  distribution  tax  credit  housing  benefit  commuting  minimum  wage  living  wage  discretionary  spending  Wall  Street  shareholder  value  profit  maximisation  disposable  income  Millennials  career  ladder  Sector  Jobs  job  creation  financial  literacy  career  advice 
february 2016 by asterisk2a
Whiners vs. Winners: 2 Emerging Millennial Mindsets in the Workplace | Inc.com
- Whatever doesn't kill you makes you stronger. - How successful you are depends on how much s--- you're willing to put up with. [...] Today, the current economic situation is testing Millennials' grit. Unfortunately, some are making critical mistakes that are costing them opportunities for advancement. In other cases, like the woman from Yelp, they're even getting fired.
Millennials  job  creation  Service  Sector  Jobs  customer  Precariat  career  advice  career  ladder  working  poor  life  hacker  life  lesson  Casey  Neistat  minimum  wage  disposable  income  discretionary  spending  squeezed  middle  class  San  Francisco  cost  of  living  American  Dream  meritocracy  meritocratic 
february 2016 by asterisk2a
Five issues that will shape the Northern Powerhouse - BBC News
[ white elephant! lol & the double standard of Google paying 2% tax vs small businesses full 18%+ and not getting investment, R&D loans ] Will Hull thrive or suffer if transport is radically improved to the eastern fringe of the Powerhouse? There's no way of telling. Some people think investment in skills, education and training would be a more certain way of improving productivity - and business leaders are keen to ensure that these key elements are not forgotten in the rush for steel and tarmac. I asked former CBI director-general John Cridland, who is now head of Transport for the North, if there was any certainty that spending billions on infrastructure would improve productivity. He agreed there was no proof, but urged people to take a leap of faith - like the Victorian engineers.
STEM  skills  gap  practical  skills  apprenticeships  underinvestment  productive  investment  Northern  Powerhouse  UK  George  Osborne  David  Cameron  productivity  output  gap  recovery  carbon  tax  renewable  energy  competitiveness  competitive  industrial  policy  Germany  corporate  tax  rate  tax  evasion  tax  avoidance  conglomerate  multinational  HMRC  budget  deficit  dogma  ideology  austerity  squeezed  middle  class  job  creation  Service  Sector  Jobs  added  value  value  creation  economic  history  property  bubble  distortion  HS2  Hinkley  Point  C  HS3  infrastructure  investment  infrastructure  macroeconomic  policy  macroprudential  policy  zombie  banks  BOE  Funding  for  Lending  Scheme  Mark  Carney 
february 2016 by asterisk2a
Dispatches - Low Pay Britain - All 4
living wage starts from 21? 25? // retail big! high street big! - service sector. no manufacturing ... // IT IS CORPORATE SUBSIDY - PROGRAM FOR LOW PAY! // very far from Germay model! // tax payer pays for people in high street! // Ofsted found inadequate conditions! AND SMALL MINORITY GET ACTUALLY A FULL-TIME JOB! LOL LOL LOL! // Social Market Foundation (research) found lvl2 apprenticeship adds nothing to purse over a lifetime. // its DWP policy to get young people off the paper onto other paper largely, still funded, by the gov - still adding to budget deficit. // Ofsted concerned over apprenticeships "wasting public funds" // WHAT A TORY SPIN! // retail places have shot up, and construction plummeted! the latter is harder or put through training providers ( private companies, PRIVATISATION! ). employers are not in charge. to quote one employee of a training provider "meet targets, get money in" its about the # of apprenticeships, not the quality or economic need/industry. //
apprenticeships  exploitation  Workers  Union  Trade  Union  working  poor  Generationengerechtigkeit  fairness  precarious  work  Precariat  self-regulation  minimum  wage  living  wage  low  pay  low  income  welfare  state  social  safety  net  working  tax  credit  tax  credit  housing  benefit  Iain  Duncan  Smith  DWP  spin  doctor  Positioning  Career  Politicians  No  Representation  Service  Sector  Jobs  job  creation  youth  unemployment  policy  folly  policy  error  education  policy  PR  David  Cameron  George  Osborne  industrial  policy  STEM  Manufacturing  microeconomic  policy  macroeconomic  policy  recovery  GFC  disposable  income  discretionary  spending  corporate  scandal  corporate  welfare  subsidies  subsidizing  budget  deficit  Fachkräftemangel  trickle-down  economics  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  Ofsted  skills  gap  budget2015  free  market  Privatisation  dogma  ideology 
february 2016 by asterisk2a
Full-time work is no bar to poverty in UK, report says | Society | The Guardian
Despite at least one adult working full time, millions of households cannot make ends meet, Joseph Rowntree Foundation reports [...] Millions of households struggle to make ends meet even though they include at least one adult in full-time work, according to a report by the Joseph Rowntree Foundation (JRF). Living standards have declined since 2008 despite the economy’s return to growth, the anti-poverty charity said, warning that families with children are at particular risk of a life in poverty. [...] The MIS is determined by asking members of the public to define what is needed to “live to an adequate level”. The threshold is £16,850 for a single person, £25,600 for a lone parent with one child and £36,060 for a single breadwinner with two children. [...] Approximately 11.6 million people in the UK live below the MIS, [...] An improving economy alone is not guaranteed to reverse this rise.” [...] [ no economic security in this recovery! ]
Service  Sector  Jobs  job  creation  precarious  work  Precariat  minimum  wage  Zero  Hour  Contract  Contractor  UK  poverty  tax  credit  child  poverty  squeezed  middle  class  wage  stagnation  income  growth  low  pay  low  income  disposable  income  discretionary  spending  income  distribution  income  inequality  Gini  coefficient  income  mobility  downward  mobility  social  mobility  income  redistribution  tax  free  income  recovery  austerity  living  standard  quality  of  life  Perspective  Perspektivlosigkeit  deprivation  economic  security  GFC  secular  stagnation  economic  history  inequality  health  inequality  trickle-down  economics  dogma  ideology  neoliberalism  neoliberal  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  DWP  George  Osborne  David  Cameron  Iain  Duncan  Smith  budget  deficit  tax  evasion  tax  avoidance  USA  household  debt  consumer  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  Bubble  child  care  social  safety  net  welfare  state 
february 2016 by asterisk2a
From Ticker - S&P: QE is driving inequality between the generations
Quantitative easing (QE) stabilized the economy but also exacerbated wealth disparity between rich and poor, mainly by boosting financial asset prices and house prices. //&! [ LOW PAY MINIMUM WAGE JOB CREATION ] During the U.K.’s recent “jobs-rich, pay-poor” economic recovery, strong employment gains were accompanied by a further rise of already high wage dispersion and an ever-growing share of part-time employment in lower income groups. //&! In the context of the tight housing market, low interest rates and QE are among the drivers behind the widening wealth and income gap between younger and older generations and between those on the housing ladder and those not on it. //&! Inequality is damaging! // bit.ly/1QtauyZ - Bank of England's recovery policies have increased inequality, finds S&P [...] spending too much on rent, not able to save for deposit! //&! bit.ly/1PPyEYl &! ti.me/1sbBtrz
QE  inequality  reflate  reflation  distortion  recovery  job  creation  Service  Sector  Jobs  UK  USA  fiscal  policy  monetary  policy  monetary  stimulus  unconventional  monetary  policy  Fed  BOE  bank  bailout  zombie  banks  zombie  consumer  zombie  corporations  ZIRP  NIRP  TARP  TLTRO  LTRO  ECB  equity  bubble  asset  bubble  property  bubble  Housing  Crisis  Help  to  Buy  Scheme  Help  to  Save  Right  to  Buy  income  inequality  Gini  coefficient  social  mobility  income  mobility  budget  deficit  austerity  George  Osborne  income  distribution  poverty  trap  tax  credit  low  pay  low  income  squeezed  middle  class  Precariat  Zero  Hour  Contract  Contractor  part-time  Tories  nasty  party  homeless  homelessness  social  affordable  Conservative  Toff  Privileged  Establishment  Funding  discretionary  spending  disposable  income  household  debt  consumer  debt  credit  card  debt  student  loan  debt  student  loan  student  debt  debt  servitude  economic  history 
february 2016 by asterisk2a
What's holding back the world economy? | Business | The Guardian
[ continued financialisation of economy / faustian pact ] QE and low interest rates have disproportionately created wealth in the financial sector and inflated asset bubbles. It has done little for the real economy. The rules of the market need to be rewritten [...] dominant policies during the post-crisis period – fiscal retrenchment and quantitative easing (QE) by major central banks – have offered little support to stimulate household consumption, investment, and growth. On the contrary, they have tended to make matters worse. In the US, quantitative easing did not boost consumption and investment partly because most of the additional liquidity returned to central banks’ coffers in the form of excess reserves. [...] private investment did not grow [...] [ QE supported only financial sector and zombie banks and corporations, little to nothing went into the real economy for investment in western world ] [ which leads us to say we are still in a banking crisis per se ]
Joseph  Stiglitz  secular  stagnation  reflate  reflation  austerity  QE  ZIRP  NIRP  TARP  TLTRO  LTRO  zombie  banks  zombie  corporations  zombie  consumer  Richard  Koo  consumer  debt  household  debt  car  loan  credit  card  debt  Student  Bubble  loan  debt  disposable  income  discretionary  spending  squeezed  middle  class  Precariat  low  pay  low  income  wage  stagnation  income  growth  USA  UK  Europe  western  world  mortgage  market  NPL  debt  servitude  underinvestment  productive  investment  infrastructure  investment  economic  history  policy  folly  policy  error  corporate  welfare  tax  evasion  tax  avoidance  Gini  coefficient  income  distribution  social  mobility  income  mobility  poverty  trap  inequality  recovery  job  creation  Service  Sector  Jobs  distortion  financial  repression  speculative  bubbles  hunt  for  yield  asset  equity  VIX  volatility  Help  to  Buy  Scheme  monetary  policy  liquidity  trap  fiscal  policy  debtoverhang  deleveraging  balance  sheet  recession  consumer  confidence  business  confidence  business  investment  productivity  output  gap  aggregate  demand  income  redistribution  repo  monetary  transmission  mechanism  monetary  system  financial  market  GFC  banking  crisis  retail  banking  investment  banking  hot-money  Frontier  Markets  emerging  market  BRIC  rent-seeking  rentier  carbon  tax  economic  damage 
february 2016 by asterisk2a
UK trade deficit widens further as exports suffer | Business | The Guardian
Nevertheless, the UK’s goods trade gap with the rest of the world widened by £1.9bn to a record high of £125bn in 2015. Howard Archer, chief UK economist at IHS Global Insight, said: “UK exports have clearly struggled in recent months, as they have been hampered by sterling’s overall strength in 2015, particularly against the euro, and moderate global demand. [...] Recent declines in the value of sterling are expected to support exports sales, though the deteriorating global situation could mitigate against an improved exchange rate. [...] “Nonetheless, any progress in reducing the trade deficit is likely to be extremely slow in the near term, leaving the recovery reliant on domestic demand.” [...] [ you can lower your corp tax, but if your country is shitty in business environment ie infrastructure and employee qualifications and immigration ... nobody wants to do business ]
UK  trade  deficit  current  account  deficit  budget  deficit  tax  reciepts  2015  2016  recovery  secular  stagnation  underinvestment  business  investment  austerity  economic  history  global  economy  emerging  market  Frontier  Markets  BRIC  foreign  direct  investment  productive  investment  infrastructure  investment  Richard  Koo  consumer  debt  household  debt  credit  card  debt  car  loan  Student  Bubble  debt  servitude  discretionary  spending  government  spending  disposable  income  generation  rent  ZIRP  NIRP  QE  liquidity  trap  zombie  corporations  zombie  consumer  distortion  financial  repression  speculative  bubbles  hunt  for  yield  fiscal  policy  monetary  policy  BOE  property  Housing  Crisis  George  Osborne  competitiveness  productivity  output  gap  job  creation  Service  Sector  Jobs  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  immigration  migration  Super  Cycle 
february 2016 by asterisk2a
Rising costs put third of Britain’s curry houses at risk of closure | Life and style | The Guardian
Immigration restrictions are now the biggest problem faced by curry restaurateurs. David Cameron last year unveiled new measures to “significantly reduce” non-EU migration, a move that raised fresh fears about the businesses’ ability to bring in chefs. Crucially, from April, restaurants that want to employ a chef from outside the EU will have to pay a minimum salary of £35,000 – or £29,750 with accommodation and food – in order for their employees to qualify for visas.
UK  immigration  migration  job  creation 
february 2016 by asterisk2a
As growth falters, Osborne hopes Mark Carney can keep a lid on interest rates | Business | The Guardian
The chancellor faces lower GDP and lower tax receipts as a result. So it’s vital that consumers’ desire to keep spending isn’t hit by a nasty shock from the Bank [ // Confidence Fairy // ] The Bank of England has downgraded its forecasts for the UK’s GDP growth and the outlook for wages, most likely robbing the exchequer of vital income tax receipts. And without the funds to maintain pensions and health service spending, his critics will gleefully play back the speech from last November during which he declared that Britain was on the road to becoming “the most prosperous and secure of all the major nations of the world”. [...] Yet his words ring hollow when so many of the post-crash problems are still with us, from the burden of high private and public debts to Europe’s rapidly ageing population, which encourage saving over investment, and a reluctance from government and big business to boost capital spending.
George  Osborne  secular  stagnation  2016  2015  Mark  Carney  BOE  consumer  debt  household  debt  mortgage  market  subprime  credit  card  debt  zombie  consumer  UK  GDP  output  gap  productivity  job  creation  Service  Sector  Jobs  recovery  economic  history  austerity  underinvestment  business  investment  public  investment  fiscal  policy  monetary  policy  Richard  Koo  Paul  Krugman  David  Cameron  nasty  party  Conservative  Tories  short-termism  credit  bubble  debtoverhang  debt  servitude  disposable  income  discretionary  spending  marginal  propensity  to  consume  Funding  1%  financial  repression  New  Normal  constituency  babyboomers  oligarchy  Gini  coefficient  income  distribution  income  inequality  plutocracy  Super  Rich  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  income  growth  low  pay  low  income  wage  growth  economic  growth  precarious  work  Precariat  tax  credit  tax  free  income  corporate  tax  rate  minimum  wage  budget2015  Food  Bank  foreign  direct  investment  productive  investment  infrastructure  investment  demographic  bubble  western  world  USA  European  Union  ageing  population  CapEx  Capital  Expenditure  zombie  corporations  zombie  banks 
february 2016 by asterisk2a
More Evidence Supporting the House of Debt | House of Debt
Many have argued that we overstate the importance of housing and household debt in explaining the Great Recession and weak recovery. They point to the banking crisis, policy uncertainty, or excessive regulation as equally or even more important. The data released today by the BEA show pretty clearly that the arguments we make in House of Debt remain relevant for thinking about economic weakness today. In our view, the explanation we provide is the most consistent with the striking difference in consumption across states. // From Comments: Without real median income rising you can’t grow in an economy based on debt expansion
secular  stagnation  consumer  debt  mortgage  market  household  debt  USA  UK  recovery  GFC  credit  card  debt  debt  servitude  debtoverhang  Richard  Koo  student  loan  debt  Super  Cycle  student  debt  debt  monetisation  debt  monetization  private  debt  fiscal  policy  monetary  policy  book  marginal  propensity  to  consume  consumerist  consumerism  zombie  consumer  discretionary  spending  disposable  income  negative  equity  job  creation  precarious  work  Precariat  low  pay  low  income  Service  Sector  Jobs  job-creation  squeezed  middle  class  Elizabeth  Warren  income  distribution  inequality  Gini  coefficient  income  mobility  social  mobility  American  Dream  post-racial  America  Joseph  Stiglitz  Thomas  Piketty  Paul  Krugman  part-time  Zero  Hour  Contract  Contractor  income  growth  income  inequality  economic  history  Super  Rich  1%  austerity  oligarchy  plutocracy  fiscal  stimulus  budget  deficit  corporate  welfare  tax  avoidance  tax  evasion  corporate  tax  rate  subsidies  subsidizing  welfare  state  social  safety  net  western  world  trickle-down  economics  neoliberalism  neoliberal  Chicago  School  credit  bubble  liquidity  trap  balance  sheet  recession  deleveraging 
february 2016 by asterisk2a
Nasty Gal Layoffs Hit 10 Percent of Staff | Re/code
Online fashion retailer Nasty Gal has laid off 10 percent of its staff, as the purveyor of edgy women’s clothing cuts costs amid an uncertain financing and retail environment. CEO Sheree Waterson told the company in an email that the cuts were necessary as the “market in which we operate is changing, both in retail broadly and apparel specifically.” Nineteen employees across several departments were let go. Nasty Gal also laid off some staff in 2014. The layoffs underscore the difficulty mature e-commerce startups can encounter as they transition from being a hot new brand to the long slog of building a more traditional retail business. In short, building a retail brand is really hard and technology can only afford you so many shortcuts along the way. Online beauty brand BirchBox announced layoffs of 15 percent of its staff last week, as startups in e-commerce tighten belts as investors become more wary of unprofitable growth.
Nasty  Gal  Branding  Brand  e-commerce  Retail  pure  play  Amazon  brick  and  mortar  business  squeezed  middle  class  discretionary  spending  disposable  income  USA  consumption  consumer  debt  household  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  Bubble  low  pay  low  income  Precariat  precarious  work  eBay  zombie  consumer  Primark  status  symbol  status  anxiety  consumerist  consumerism  secular  stagnation  debt  servitude  retirement  pension  scheme  401k  fiscal  policy  austerity  monetary  policy  reflate  reflation  economic  history  recovery  job  creation  Service  Sector  Jobs  emerging  middle  class  western  world  credit  BRIC  emerging  market  Frontier  Markets 
february 2016 by asterisk2a
Christine Lagarde: Housing is key issue for security of UK economy - BBC News
The UK's recent growth, employment progress and deficit reduction have been "strong", the International Monetary Fund (IMF) has said. Underlying economic vulnerabilities, including the supply and demand for housing, have been addressed and steady growth looks set to continue, it said. The IMF's Christine Lagarde said there were still some risks.
UK  Housing  Crisis  property  bubble  generation  rent  speculative  bubbles  Buy  to  macroprudential  policy  fiscal  policy  planning  law  monetary  policy  mortgage  market  austerity  budget  deficit  neoliberalism  IMF  OECD  neoliberal  trickle-down  economics  economic  history  ChristineLagarde  Privatisation  affordable  social  discretionary  spending  disposable  income  consumer  debt  household  debt  credit  card  debt  car  loan  secular  stagnation  wage  stagnation  squeezed  middle  class  Precariat  working  poor  job  creation  Service  Sector  Jobs  low  pay  minimum  wage  low  income  Zero  Hour  Contract  part-time  Contractor  recovery  productivity  output  gap  credit  bubble  debt  servitude  debtoverhang  liquidity  trap  Richard  Koo 
february 2016 by asterisk2a
Iowa: Weckruf für den Rest Amerikas - Kommentar - SPIEGEL ONLINE
[ symptom ] Wer ist gefährlicher, Ted Cruz oder Donald Trump? Zusammen haben sie die Hälfte der republikanischen Stimmen in Iowa geholt. Für den Rest des Landes muss das ein Weckruf sein. Es geht um mehr als das Weiße Haus.
far-right  Rechtsextremismus  Rechtsruck  presidential  election  2016  republicans  republican  Ted  Cruz  Donald  Trump  USA  symptom  inequality  Gini  coefficient  American  Dream  social  mobility  post-racial  America  income  mobility  income  inequality  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  avoidance  income  distribution  immigration  Precariat  fearmongering  Fear  propaganda  populism  Polarisation  manufactured  consent  Lügenpresse  corporate  media  multinational  conglomerate  media  conglomerate  job  security  uncertainty  insecurity  globalization  globalisation  flat  world  borderless  squeezed  middle  class  wage  stagnation 
february 2016 by asterisk2a
Amid market turmoil and confusion, there are four key economic trends shaping society
The UK economy currently gets nowhere near its target of 2%. Inflation would decrease the value of current debts, making them less of a burden. In a world without much inflation, it is hard to get wages up. The worse case scenario is that debt costs increase, as prices and wages stagnate. [ ignoring debt and income growth - stagnation at their peril - youtu.be/KIaXVntqlUE - gov is no household budget, Steve Keen + Richard Koo ] [...] And in this age of austerity, these factors will work against governments seeking to reduce the welfare bill. Recent data shows that, in UK cities, growing numbers of low paid jobs have led to rising claims for welfare such as housing benefits, defeating the government’s aims to reduce spending.
economic  history  secular  stagnation  inflation  targeting  nominal  GDP  targeting  fiscal  policy  monetary  policy  inflation  wage  growth  wage  stagnation  squeezed  middle  class  job  creation  Service  Sector  Jobs  low  pay  low  income  minimum  wage  UK  Mark  Carney  austerity  tax  credit  housing  benefit  working  tax  credit  debt  servitude  Super  Cycle  Richard  Koo  liquidity  trap  monetary  transmission  mechanism  monetary  stimulus  debtoverhang  balance  sheet  recession  deleveraging  household  debt  consumer  debt  credit  card  debt  western  world  GDP  wage  inflation  income  growth  disposable  income  discretionary  spending  income  distribution  Gini  coefficient  Super  Rich  1%  inequality  income  inequality  income  redistribution  tax  evasion  tax  avoidance  monetary  system  monetary  theory  student  debt  student  loan  debt  student  loan  Bubble  debt  monetisation  debt  monetization  zombie  banks  monetary  velocity  Niall  Ferguson  NPL  junk  bond  zombie  corporations  zombie  consumer  ZIRP  NIRP  QE  Taper  China  credit  BRIC  output  gap  productivity  industrial  policy  public  investment  productive  investment  business  investment  infrastructure  investment  property  financial  repression  speculative  bubbles  asset  allocation  Generationengerechtigkeit  fairness  money  supply  faultlines  global  imbalances  recovery  working  poor  Precariat 
february 2016 by asterisk2a
Pando: Sources: Vegas-based Work In Progress co-work space is shutting its doors
Organic is better is more sustainable // Vegas Downtown Project // have a framework (macroprudential policy), but don't pick winners, cities, regions, ... roundabouts. // semiconductor boom bust in scotland, outside glasgow, area - via tax breaks (ie IBM spango vallye)
free  market  Venture  Capital  subsidies  subsidizing  corporate  welfare  Silicon  Valley  Vegas  Downtown  Project  Berlin  Start-Up  Scene  Los  Angeles  Start-Up  Scene  New  York  Start-Up  Scene  Silicon  Alley  economic  history  fossil  fuel  renewable  energy  carbon  tax  carbon  trading  scheme  carbonfootprint  carbonemission  tax  code  fiscal  policy  industrial  policy  job  creation  STEM  Manufacturing  dogma  trickle-down  economics  neoliberalism  neoliberal  Career  Politicians  No  Representation  short-termism  Opportunism  opportunist  microeconomic  policy  macroprudential  policy  macroeconomic  policy  intellectual  property  IP  progressive  tax  code  tax  evasion  tax  avoidance  democracy  social  democracy  fairness 
february 2016 by asterisk2a
A day in court showed me the misery of Britain’s housing policy | Polly Toynbee | Opinion | The Guardian
The housing crisis they inherited has worsened as rents rise, but David Cameron and George Osborne’s cuts to social housing are a bizarre response: the housing and planning bill going through parliament marks the end of the social housing era. Not by accident but by deliberate policy, 88,000 council homes to rent will be lost, says the Conservative-controlled Local Government Association. Labour says the total will be 180,000 by 2020. Money is sucked out of social housing into the Treasury, as the 1% rent cut saves on the housing benefit bill by stealing funds due to pay for new social homes. Half of all renters get some housing benefit, with the continuous rise in rents. Cutting that support simply propels more into homelessness.
poverty  trap  poverty  social  housing  affordable  housing  Crisis  UK  DWP  Universal  Credit  Council  Starter  Homes  David  Cameron  precarious  work  Precariat  working  poor  Zero  Hour  Contract  Contractor  part-time  nasty  party  trickle-down  economics  neoliberalism  neoliberal  Privatisation  post  code  lottery  Gini  coefficient  income  mobility  social  mobility  inequality  Generationengerechtigkeit  fairness  generation  rent  George  Osborne  budget  deficit  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  corporate  tax  rate  general  election  2015  election  campaign  promises  Manifesto  austerity  policy  folly  policy  error  dogma  ideology  constituency  fearmongering  Fear  manufactured  consent  PR  spin  doctor  Positioning  Tories  Conservative  tax  Westminster  Toff  Privileged  Establishment  child  poverty  education  policy  job  security  insecurity  uncertainty  well  being  mental  health  Depression  health  inequality  food  poverty  budget2015 
february 2016 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
MPs launch tax inquiry after criticism of £130m Google-HMRC deal | Business | The Guardian
MPs have launched an inquiry into the UK’s tax system after the government was accused of allowing Google to pay too little in a £130m deal. The House of Commons Treasury committee announced that it would examine whether a radical shakeup of corporation tax was needed, amid concern that Google has been allowed to get away with an effective rate of 3%. The inquiry is not directed at Google, but will investigate the UK’s shrinking corporate tax base more widely and whether HMRC is doing enough to tackle avoidance. It will ask whether there needs to be a radical shakeup of the system, and whether business taxation could be based on turnover rather than profits. Andrew Tyrie, chairman of the committee, said the UK’s tax law had become too elastic, allowing companies to get away legally with paying too little. [...] [ 6 year audit by HMRC, is a sweetheart VIP backroom deal, 130m was all they got, not more! from Google. ] //&! bit.ly/1RJc713 &! bbc.in/1UoxMJQ
Google  Inc.  corporate  tax  rate  tax  avoidance  tax  evasion  UK  HMRC  double  standard  No  Representation  lobbyist  lobby  Lobbying  economic  justice  trickle-down  economics  job  creation  Policy  Makers  Tories  Conservative  Party  nasty  neoliberalism  neoliberal  budget  deficit  Amazon  Apple  Microsoft  Starbucks  accountability  oversight  Greed  shareholder  value  profit  maximisation  Wall  Street  crony  capitalism  capitalism  Career  Politicians  Westminster  budget2015  Manifesto  general  election  2015  Generationengerechtigkeit  fairness  GFC  bank  bailout  election  campaign  promises  Party  Funding  constituency  babyboomers  globalization  globalisation  USA  Gini  coefficient  plutocracy  oligarchy  Super  Rich  1%  social  democracy  democracy  George  Osborne  David  Cameron  Iain  Duncan  Smith  inequality 
january 2016 by asterisk2a
Aberdeen and Edinburgh highlighted in city economies report - BBC News
No Scottish cities were in the top 10 for "low-wage, high-welfare" economies. The 2016 report - described as a "health check" for the 63 largest UK cities - focused on Chancellor George Osborne's vow to build a "higher wage, lower welfare" economy, as set out in the Summer Budget 2015. >> It argued that nearly a million new jobs had been created in cities since 2010 - but that the average salary had also dropped by £1,300 per resident. 'High-wage, low-welfare' << [...] The think tank said the two areas' ability to attract high-skilled jobs - in the oil and professional services industries for example - was the key to their success. It argued that cities with high wages had seen faster jobs growth, with employment rising by 10% since 2010, compared with 3% in low-wage cities. [...] [ Housing Crisis across the country thus ] increased housing benefit payments.
job  creation  recovery  Service  Sector  Jobs  UK  austerity  minimum  wage  living  wage  George  Osborne  neoliberalism  neoliberal  Manufacturing  macroeconomic  policy  microeconomic  policy  low  pay  low  income  tax  credit  child  tax  credit  working  tax  credit  tax  free  income  progressive  tax  code  income  distribution  disposable  income  discretionary  spending  income  inequality  income  growth  wage  growth  secular  stagnation  globalization  globalisation  borderless  flat  world  economic  history  nasty  party  Tories  Conservative  trickle-down  economics  squeezed  middle  class  precarious  work  Precariat  wage  stagnation  income  redistribution  welfare  state  social  safety  net  David  Cameron  budget2015  budget2010  Public  Services  Services  added  value  value  creation  Housing  Crisis  affordable  social 
january 2016 by asterisk2a
Jubiläum ǀ Gegen den Mainstream — der Freitag
Alternativen und Politik. Der Freitag stellt sich bewusst außerhalb dieses Mainstreams. Darin liegt seine Existenzberechtigung aber auch seine Ohnmacht. Das ist das Paradox linker Gegenöffentlichkeit. Wir können den Strom in seinem Lauf nicht ändern. Aber wir haben einen anderen Blick. Wir nehmen für uns in Anspruch, Denkort der Alternativen zu sein. Damit arbeiten wir an der Rückeroberung des politischen Raumes. Denn der Satz von den Alternativen, die es angeblich nicht gibt, ist das Ende von Politik. Den Vorwurf des Populismus muss man sich dann hin und wieder gefallen lassen. Der Philosoph Ernesto Laclau hat geschrieben, Populismus sei „die Stimme derer, die aus dem System exkludiert sind“. Ein gefährlicher Satz, wenn man nach Dresden blickt,
Alternativlos  TINA  austerity  bank  bailout  social  democracy  The  Guardian  NewStatesman  lefty  populism  neoliberalism  neoliberal  squeezed  middle  class  working  poor  Precariat  precarious  work  low  income  job  creation  western  world  secular  stagnation  Service  Sector  Jobs  UK  USA  Europe  economic  history  Gini  coefficient  inequality  Super  Rich  1%  No  Representation  plutocracy  oligarchy  IMF  OECD  mainstream  media  Lügenpresse  fearmongering  Fear  uncertainty  job  security  structural  unemployment  youth  unemployment 
january 2016 by asterisk2a
Minister will tell Amazon to pay living wage as firm makes new jobs pledge (From Herald Scotland)
MINISTERS are to meet Amazon bosses to discuss concerns over pay and working conditions at the online retail giant, as it emerged that the firm is set to create hundreds of new jobs in Scotland this year. The Scottish Government will attempt to persuade the company to pay the living wage to workers, after Nicola Sturgeon was challenged over claims that its warehouses are an "exceptionally horrible place" to work despite it being backed millions in public grants. [...] in-work poverty
job  creation  low  pay  minimum  wage  precarious  work  Precariat  Zero  Hour  Contract  Contractor  Service  Sector  Jobs  low  income  tax  credit  corporate  scandal  corporate  welfare  subsidies  subsidizing  Council  Amazon  UK  recovery  part-time  western  world  secular  stagnation  squeezed  middle  class  working  poor 
january 2016 by asterisk2a
Why is the pound falling so sharply? - BBC News
Weak economic data is casting doubt on the future performance of the UK economy, with inflation persistently well below the Bank of England's 2% target and earnings growth slowing down from a six-year high. Earlier this month, figures for November showed that UK industrial output had suffered its sharpest decline since 2013. Looking further ahead, investors are worried about the outcome of a referendum on the UK's continued membership of the EU. As Andy Scott of foreign exchange services firm HiFX put it: "Concerns over the UK economy and the risk of a Brexit look likely to continue to haunt sterling." Traders are also generally more risk-averse in the light of the global turmoil caused by Chinese market problems and falling oil prices, which makes them reluctant to buck sterling's downward trend.
UK  BOE  Taper  ZIRP  NIRP  QE  liquidity  trap  debtoverhang  consumer  debt  household  debt  credit  card  debt  mortgage  market  industrial  policy  austerity  monetary  policy  fiscal  policy  Richard  Koo  zombie  consumer  zombie  banks  zombie  corporations  monetary  transmission  mechanism  monetary  theory  unconventional  monetary  policy  Mark  Carney  MPC  energy  policy  energy  price  competitive  competitiveness  STEM  underinvestment  tax  evasion  tax  avoidance  corporate  welfare  corporate  tax  rate  subsidies  subsidizing  secular  stagnation  immigration  migration  job  creation  low  income  Service  Sector  Jobs  recovery  GFC  bank  bailout  budget  deficit  London  Scottish  Independence  Scottish  referendum  Devolution  Brexit  uncertainty  unknown  unkown  global  economy  credit  bubble  debt  servitude  Super  Cycle  student  loan  debt  student  debt  baddebt  NPL  private  debt  economic  history  Niall  Ferguson  democracy  Super  Rich  1%  oligarchy  plutocracy  Gini  coefficient  inequality  social  mobility  income  mobility  Precariat  Zero  Hour  Contract  precarious  work  Contractor  low  pay  minimum  wage  George  Osborne  Tories  dogma  ideology  Conservative  Party  neoliberal 
january 2016 by asterisk2a
"Markets Crash When They're Oversold" | Zero Hedge
Technology Destroying Jobs + While the big driver of the decline in economic growth since the 1980’s has been a structural change from a manufacturing based economy (high multiplier effect) to a service based one (low multiplier effect), it has been exacerbated by the increase in household debt to offset the reduction in wage growth to maintain the standard of living. This is shown clearly in the chart below. [...] In fact, each job created in energy-related areas has had a “ripple effect” of creating 2.8 jobs elsewhere in the economy from piping to coatings, trucking and transportation, restaurants and retail. Simply put, lower oil and gasoline prices may have a bigger detraction on the economy than the “savings” provided to consumers.
Oil  price  shale  gas  fracking  job  creation  USA  2016  Service  Sector  Jobs  Manufacturing  globalization  globalisation  neoliberalism  neoliberal  borderless  flat  world  economic  history  UK  low  income  wage  stagnation  wage  growth  income  growth  disposable  income  discretionary  spending  consumer  debt  squeezed  middle  class  household  debt  property  bubble  working  poor  precarious  work  Precariat  job  security  job  market  jobcreation  job-creation  recovery  GFC  dogma  ideology  austerity  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  lobbyist  lobby  Lobbying  trade  agreement  TPP  TTIP  NAFTA  CETA  European  Union  sovereign  debt  crisis  credit  bubble  China  BRIC  structural  imbalance  global  imbalances  faultlines  2015  presidency  barackobama  ZIRP  NIRP  QE  George  Osborne  private  debt  debtoverhang  debt  servitude  student  loan  debt  student  loan  student  debt  credit  card  debt  car  loan  liquidity  trap  Richard  Koo  balance  sheet  recession  deleveraging 
january 2016 by asterisk2a
"It's All The Fed's Fault" Santelli Rages, They "Will Certainly Turn Us Into Japan" | Zero Hedge
true picture about quality of job creation is never talked about. makes harrowing nightmares for Career Politicians in western world!
recovery  job  creation  UK  USA  Service  Sector  Jobs  Zero  Hour  Contract  low  income  minimum  wage 
january 2016 by asterisk2a
Committee warns of decline in Scottish employment standards - BBC News
[ always announcing new jobs created #, but not the wage ] Members said there had been a "decline in job quality" in recent years, with an increase in low-paid zero-hours contract jobs since the 2008 recession. Their report said public money could be better used to support workers. The committee heard evidence from scores of organisations and took submissions from more than 600 people. Convener Murdo Fraser said the evidence from firms and workers suggested there had been a decline in job quality and an increase in low-paid jobs on "exploitative" zero-hours contracts in recent years. He said: "Whilst employment statistics point to an increase to those in work, if we look beyond the figures, we have uncovered a worrying trend in poor quality employment. [...] "We heard during our inquiry that poor quality work has a significant impact on people's health and wellbeing.
job  creation  Zero  Hour  Contract  Service  Sector  Jobs  recovery  GFC  precarious  work  Precariat  low  income  minimum  wage  working  poor  tax  credit  squeezed  middle  class  UK  USA  part-time  poverty  trap  Gini  coefficient  social  mobility  income  mobility  poverty  child  poverty  working  tax  credit  child  tax  credit  education  policy  skills  gap  job  market  job  security  output  gap  productivity  living  wage  Tories  Conservative  Party  nasty  Positioning  PR  spin  doctor  wage  growth  wage  stagnation  income  growth  consumer  debt  household  debt  credit  card  debt  credit  card  car  loan  austerity  consumer  confidence  business  confidence  subsidies  subsidizing  corporate  welfare  well  being  happiness  happiness  index  mental  health  microeconomic  policy  macroeconomic  policy  corporate  tax  rate  tax  evasion  tax  avoidance  Wall  Street  profit  maximisation  shareholder  value  neoliberalism  neoliberal  dogma  ideology  corporate  scandal  CSR  corporate  social  responsibility  philanthropy  underinvestment  STEM  public  investment  business  investment  Foreign  Direct  investment  productive  investment  infrastructure  investment  fiscal  policy  ZIRP  NIRP  QE  distortion 
january 2016 by asterisk2a
Housing crisis hits 1960s levels as tenants battle to cope, says Shelter | Society | The Guardian
Shelter estimates that 250,000 homes a year, half of them “affordable”, need to be built in England if the crisis is to be addressed. However, latest figures show there were only 135,050 new homes over the past year, a rise of 17%, but still little more than half what is needed. [...] Figures released last week suggest that the number of tenants in serious arrears is rising. There were 84,200 tenants more than two months behind with their rent in the third quarter of 2015, the latest figures available, compared with 74,000 in the second quarter. Government statistics show that the use of bed and breakfast accommodation for homeless families with children is rising. Over the past five years, the number of households living in B&Bs has more than doubled, from 2,050 to 5,270. Meanwhile, the number of homeless households in temporary accommodation has risen by 26% over five years, from 51,350 in 2010 to 64,710 in 2015.
UK  Housing  Crisis  affordable  social  poverty  poverty  trap  disposable  income  discretionary  spending  precarious  work  Precariat  Zero  Hour  Contract  working  poor  low  income  minimum  wage  Gini  coefficient  austerity  David  Cameron  George  Osborne  underinvestment  unemployment  long-term  unemployment  youth  unemployment  structural  unemployment  job  creation  Service  Sector  Jobs  working  tax  credit  tax  credit  child  tax  credit  tax  free  income  Privatisation  Council  inequality  income  inequality  post  code  lottery  health  inequality  commuting  social  safety  net  DWP  Iain  Duncan  Smith  bedroom  tax 
january 2016 by asterisk2a
Osborne warns of 'dangerous cocktail' of economic risks - BBC News
[ repeat phrases - "strong economy", "strong economy, strong NHS" ] The UK faces a "cocktail" of serious threats from a slowing global economy as 2016 begins, Chancellor George Osborne has warned. Speaking in Cardiff, Mr Osborne said this year is likely to be one of the toughest since the financial crisis. He told business leaders that far from "mission accomplished" on the economy, "2016 is the year of mission critical". His message is in stark contrast to the positive tone of his Autumn Statement, when he said the UK was "growing fast". [...] that the Autumn Statement had put in place a four-year plan to restore the UK's public finances, and make the economy more productive, with businesses more competitive so they could create jobs. [...] Mr Osborne told the Today programme the UK's economic recovery was not "a debt-fuelled recovery", citing the support of the governor of the Bank of England in his assessment. [ not public, but private household debt! ]
George  Osborne  Career  Politicians  PR  spin  doctor  budget2015  Tories  Conservative  Party  nasty  austerity  underinvestment  productive  investment  productivity  output  gap  job  creation  wage  growth  consumer  debt  household  debt  Positioning  energy  policy  competitiveness  renewable  energy  corporate  welfare  corporate  tax  rate  Generationengerechtigkeit  fairness  subsidies  subsidizing  NHS  Jeremy  Hunt  David  Cameron  general  election  2015  election  campaign  promises  Manifesto  constituency  babyboomers  Opportunism  opportunist  Oil  price  bank  bailout  fiscal  policy  monetary  policy  Housing  Crisis  affordable  generation  rent  property  bubble  NPL  mortgage  market  car  loan  credit  card  debt  budget  deficit  balance  sheet  current  account  deficit  trade  deficit  borderless  flat  world  globalisation  globalization  debt  servitude  debtoverhang  student  loan  debt  private  debt  sovereign  debt  corporate  debt  student  debt  student  loan  Maintenance  Grant  Education  Maintenance  Allowance  ZIRP  NIRP  QE  distortion  BOE  Buy-to-Let  Help  to  Buy  Scheme 
january 2016 by asterisk2a
Rob Ford's Sobriety Coach: Inside the Manic Life & Work of Bob Marier - YouTube
[ symptom ] when substance abuse takes over your life. you are the slave. // self-developed coping mechanisms // see also Dr Gabor Mate (Trauma) // recovery coach is new field. // SOS - sharing our sobriety // soh - sharing our health // from recovery, to discovery; many different ways what is wrong with you and the world and how wrongly short sighted you dealt with it // love unconditionally, connect with other people. // worst at state of 'nothing else matters, have to get high now, asap.' //
addiction  food  abuse  alcohol  abuse  drug  abuse  substance  abuse  mental  health  well  being  status  anxiety  anxiety  safety  debt  servitude  happiness  security  job  security  squeezed  middle  class  crony  capitalism  capitalism  rat  race  Rehabilitation  sociology  psychology  alcoholism  tobacco  Nicotine  food  engineering  processed  food  fast  food  Chain  junk  food  Politics  food  poisoning  non-alcoholic  fatty  liver  disease  liver  disease  public  health  public  health  policy  prevention  intervention  sick  population  health  crisis  diet-related  disease  chronic  diseases  stigma  obesity  epidemic  obesity  childhood  obesity  overweight 
december 2015 by asterisk2a
BBC Radio 4 - Money Box, Student Finance - Necessary reform or the betrayal of a generation?
Student Finance - Necessary reform or the betrayal of a generation? Lord Willets, former Minister for Universities and Science and Sally Hunt, General Secretary of the University and College Union give their view on George Osborne’s plans. // shifting an item off the public balance sheet that he is held accountable, reducing the budget deficit. and the payback rate (threshold) is not progressive, gradual. the 9% added tax rate is fixed, after earning 21k. 29% tax vs 20%. also scheme does not subsidies interest rates as much as you would expected, as the state can loan at lower rates. broken also conditions at 2012, letters said conditions could change.
Student  Maintenance  Grant  budget2015  UK  austerity  George  Osborne  Career  Politicians  neoliberalism  neoliberal  social  mobility  income  mobility  Gini  coefficient  poverty  trap  debt  servitude  trickle-down  economics  education  policy  Generationengerechtigkeit  fairness  Tories  Conservative  Party  subsidies  subsidizing  inequality  income  inequality  STEM  attainment  gap  underinvestment  productive  investment  skills  gap  capital  skills  productivity  output  gap  job  creation 
december 2015 by asterisk2a
Progress on social mobility 'too slow' - BBC News
Progress on closing the gap between rich and poor pupils has not moved fast or far enough to tackle the gulf within a divided Britain, a report says. [...] 'Stronger economy' A government spokesman said it was committed to an "all-out assault on poverty". "Our investment in childcare is helping parents get into work and give their children the best start in life, while the pupil premium and school reforms are ensuring every child gets a good education." The spokesman said work was the best way out of poverty, adding that the number of workless households was at a record low.
education  policy  Gini  coefficient  inequality  social  mobility  UK  income  mobility  Public  squeezed  middle  class  Precariat  working  poor  poverty  child  poverty  poverty  trap  Super  Rich  1%  austerity  fairness  Generationengerechtigkeit  neoliberalism  neoliberal  trickle-down  economics  Tories  Conservative  Party  nasty  Makers  policy  error  policy  folly  corporate  tax  rate  working  tax  credit  child  tax  credit  tax  credit  tax  free  income  budget2015  George  Osborne  David  Cameron  tax  evasion  tax  avoidance  budget  deficit  corporate  welfare  subsidies  subsidizing  underinvestment  Public  Services  health  inequality  post  code  lottery  Services  Council  class  warfare  working  class  consumer  debt  household  debt  recovery  job  creation  Service  Sector  Jobs  GFC  productivity  output  gap 
december 2015 by asterisk2a
Sports Direct is a reflection of the modern British economy | Letters | Business | The Guardian
Sports Direct seems to be a metaphor for the modern British economy. “The conscious strategy would seem to be to rely on cheap labour rather than costly investment,” as your editorial (11 December) says. It also illustrates the epidemic growth of workforce insecurity which plagues a nation scarred by the rise of the precariat. Britain is rapidly becoming the sweatshop of Europe, and this, along with bubbles in consumer debt and house prices, has been a major part in such anaemic recovery as we have seen over the past five years. [...] [ HMRC cut under austerity, can't do it's job ] //&! theguardian.com/business/sports-direct-international //&! bit.ly/1jTkmsi - transferring assets. then bringing in administrators. leaving suppliers empty.
corporate  scandal  Precariat  working  poor  precarious  work  job  security  low  pay  low  income  investigative  journalism  Whistleblower  Amazon  Retail  Online  Shopping  commodity  business  commoditization  crony  capitalism  capitalism  Wall  Street  shareholder  value  profit  maximisation  George  Osborne  industrial  policy  STEM  David  Cameron  Tories  nasty  party  underinvestment  Conservative  competitive  competitiveness  self-regulation  regulation  regulators  Zero  Hour  Contract  Contractor  exploitation  lobbyist  lobby  Lobbying  trickle-down  economics  neoliberalism  neoliberal  microeconomic  policy  macroeconomic  policy  macroprudential  policy  business  investment  productivity  output  gap  austerity  tax  evasion  tax  avoidance  corporate  welfare  white-collar  crime  subsidies  subsidizing  HMRC  Trade  Union  Workers  Union  skills  gap  accounting  scandal 
december 2015 by asterisk2a
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