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
A new report on development progress in South Africa has been released. This one is titled Overcoming Poverty and Inequality in South Africa: An Assessment of Drivers, Constraints and Opportunities. It is prepared by the World Bank, and it is a useful report. It confirms what we already know, and reports arising from the National Income … Continue reading South Africa Remains Unequal and Unlikely to Meet 2030 Development Goals
The website https://sdg-tracker.org/ provides excellent summaries and visualisations on Sustainable Development Goals (SDG). From the website: The United Nations Sustainable Development Goals (SDGs) are targets for global development adopted in September 2015, set to be achieved by 2030. Here we present data across all available indicators from the Our World in Data database tracking progress towards these goals around … Continue reading Website Tracks Sustainable Development Goals (SDG)
The Southern Africa Labour and Development Research Unit (SALDRU) has a new logo! The Director of SALDRU and the pro-vice-chancellor of UCT’s Poverty and Inequality Initiative, locates the changed logo with the organisations mission in an interview. He argues that the branding change: “This brings us back to contemporary South Africa and how it works; how people get … Continue reading SALDRU – New Logo, Rebooted Mission
Cathy O'Neil argues that algorithm's automate the staus quo and calls for activism against the algorithmic overloads. The intro reads: Algorithms decide who gets a loan, who gets a job interview, who gets insurance and much more -- but they don't automatically make things fair. Mathematician and data scientist Cathy O'Neil coined a term for … Continue reading Algorithmic Overloads “Like” The Status Quo Argues Cathy O’ Neil