Lance Taylor and Özlem Ömer argue that the major reason for rising inequality is that jobs are moving to low wage sectors. In an article based on US jobs data Lance Taylor, argues: Meso level analysis cannot provide microeconomic detail, but it can shed light on broad forces shaping the economy. One key trend has been the movement of … Continue reading The Real Driver of Rising Inequality – Lower Paying Jobs?
About one third of our population live in former homelands / Bantustans. Yet in the post-apartheid era, we have yet to clarify or confirm the nature of the property rights of these people. Prof Ben Cousins, provides a very useful introduction to the issues and unpacks some of the implications. I am still thinking about … Continue reading Video -Communal areas and traditional authorities
Miquel Pellicer, Eva Wegner, Lindsay J. Benstead and Ellen Lust have written a paper on "demand side of clientalism" (PDF) Consider the abstract: Political science literature on clientelism has tended to focus on vote-buying, viewed primarily from the perspective of parties/brokers. The motives that drive clients to engage in clientelism and the different forms of clientelism … Continue reading Demand Side of Clientalism
I have been reading the Inequality.org newsletter for what seems like many, many years. It is one of the few newsletters I always open, as it tells a story of inequality and alternatives that resonates with my work. One of the editors of this newsletter, Chuck Collins has a new book asking the question, Is … Continue reading New Book on American Inequality
I remember a time when "uber", meant something like cool, interesting and engaged. Today, "uber" represents a company - one of the fastest growing in the world, and one possibly on the cusp of an Initial Private Offering. I reluctantly and occasionally use Uber, so have some first hand experience of the service. The biggest … Continue reading Is Uber, uber? – Ride Share to Greater Equality?
A paper by David Autor, David Dorn, Lawrence F. Katz, Christina Patterson, John Van Reenen titled The Fall of the Labor Share and the Rise of Superstar Firms makes for an interesting read. The argument can be understood as follows: Labour's share of GDP has declined. The causes however remain uncertain. During the period of declining labour share of GDP, technological has … Continue reading Superstar Firms Means Less For Labour
Andrew Yang is a 43 old entrepreneur and politician running as a candidate to become the Democratic candidate President of the United States of America. Watch his advert motivating for Universal Basic Income (UBI). It is fascinating take on taking the idea of a UBI to a wider electorate. In essence, robots are coming for … Continue reading Andrew Yang (US Presidential Candidate) makes the case for Universal Basic Income
In December 2017, a group of economists prepared 33 theses on economic reformation. It marks an important and thought provoking statement on what is wrong with economics.
Inequality.org has prepared a useful list of studies that explore the link between inequality and safety. The roundup has a context. Sam Pizzigati sets the context: Last months homicidal horror at Stoneman Douglas High School in Florida has Americans searching for answers to the most elemental question a parent can ever ask. How can we, Americans … Continue reading Equality and Safety – Useful starter list of readings
An interesting Tweet by Marcel Fratzscher (Professor for Macroeconomics at Humboldt University) got me thinking about the relationship between effort and luck, and entrepreneurship and inter-generational mobility. He references European countries, but is an issue in developing countries. https://twitter.com/MFratzscher/status/942460950224998401 The comments in response to the Tweet are interesting as well. Hat Tip: Found … Continue reading Private wealth has been inherited in Germany, UK, Switzerland, France