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brendanmcfadden : economics   26

To Understand Rising Inequality, Consider the Janitors at Two Top Companies, Then and Now - The New York Times
Gail Evans and Marta Ramos have one thing in common: They have each cleaned offices for one of the most innovative, profitable and all-around successful companies in the United States.

For Ms. Evans, that meant being a janitor in Building 326 at Eastman Kodak’s campus in Rochester in the early 1980s. For Ms. Ramos, that means cleaning at Apple’s headquarters in Cupertino, Calif., in the present day.

In the 35 years between their jobs as janitors, corporations across America have flocked to a new management theory: Focus on core competence and outsource the rest. The approach has made companies more nimble and more productive, and delivered huge profits for shareholders. It has also fueled inequality and helps explain why many working-class Americans are struggling even in an ostensibly healthy economy.
business  economics  history  employment  inequality  nytimes 
december 2017 by brendanmcfadden
Israel’s Invisible Filipino Work Force - The New York Times
To support their families back home, women from the Philippines have found work and a new way of life in Israel. But at what price?
nytimes  nytimesmag  israel  caregivers  filipinos  phillippines  economy  economics 
september 2017 by brendanmcfadden
How Homeownership Became the Engine of American Inequality - The New York Times
An enormous entitlement in the tax code props up home prices — and overwhelmingly benefits the wealthy and the upper middle class.
economy  economics  inequality  nytimes  nytimesmag  housing 
september 2017 by brendanmcfadden
Seeing is Consuming: Feminism and the Perils of Visibility - Frontpage - e-flux conversations
Among the goods for sale at the women’s social club The Wing are T-shirts, keychains, baseball caps, and tote bags, each of which bears a cheeky phrase in a range of energetic fonts: “Boys Beware”; “Girls Doing Whatever the Fuck They Want in 2017.”
essays  abbescchriber  feminism  socialmedia  economics  commodification  branding  selfbranding 
august 2017 by brendanmcfadden
Are Index Funds Bad for the Economy? - The Atlantic
A growing chorus of experts argue that they’re strangling the economy—and must be stopped.
research  economics  finance  indexfunds  theatlantic  economy  investing 
august 2017 by brendanmcfadden
MLMs like Avon and LuLaRoe are sending people into debt and psychological crisis — Quartz
“I was urged to stop paying my bills to invest in more inventory. I was urged to get rid of television. I was urged to pawn my vehicle. I just had to get on anxiety meds over all of it because I’ve started having panic attacks.”
quartz  marketing  economics  economy  scams 
august 2017 by brendanmcfadden
How Noncompete Clauses Keep Workers Locked In - The New York Times
Restrictions once limited to executives are now spreading across the labor landscape — making it tougher for Americans to get a raise.
noncompeteclauses  economics  economy  jobs  employment  labor 
june 2017 by brendanmcfadden
Frank and Steven’s Excellent Corporate-Raiding Adventure - The Atlantic
Two law professors tried to mimic big activist hedge funds, investing their retirement savings in a small, languishing public company and trying to shake it up. Here’s what happened.
business  economics  finance  corporations  theatlantic 
may 2017 by brendanmcfadden
The Melting Away of North Atlantic Social Democracy
French economist Thomas Piketty, of the Paris School of Economics, looked at the major democracies with North Atlantic coastlines over the past couple of centuries. He saw five striking facts: First, ownership of private wealth—with its power to command resources, dictate where and how people would work, and shape politics—was always highly concentrated. Second, 150 years—six generations—ago, the ratio of a country’s total private wealth to its total annual income was about six. Third, 50 years—two generations—ago, that capital-income ratio was about three. Fourth, over the past two generations that capital-income ratio has been rising rapidly. Fifth, the flow of income to the owner of the dollar capital did not rise when capital was relatively scarce, but plodded along at a typical net rate of profit of about 5% per year generation after generation. He wondered what these facts predicted for the shape of the major North Atlantic economies in the 21st century.
talkingpointsmemo  thomaspiketty  economics  wealth  economy 
february 2016 by brendanmcfadden
Nineteen Seventy Three
In the 1970s, Chile was on the verge of developing sophisticated technology to monitor its economy. Then America intervened.
daminteresting  history  pinochet  economics  1970s  chile 
november 2012 by brendanmcfadden
Greed and Debt: The True Story of Mitt Romney and Bain Capital
How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill
matttaibbi  leveragedbuyout  taxcode  economics  wallstreet  baincapital  mittromney  rolllingstone 
september 2012 by brendanmcfadden
“On Tipping in Cuba”
In which the writer discovers the uncomfortable socio-macroeconomics of the cheap beach vacation
justice  economics  travel  cuba 
may 2012 by brendanmcfadden

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