Superstar Firms Means Less For Labour

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 (US Presidential Candidate) makes the case for Universal Basic Income

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

Equality and Safety – Useful starter list of readings

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

South Africa Remains Unequal and Unlikely to Meet 2030 Development Goals

  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

Algorithmic Overloads “Like” The Status Quo Argues Cathy O’ Neil

dark secrets of big data

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

Labour is not equal to work, says Guy Standing

social democracy basic income

Guy Standing is a demanding and challenging scholar. In a somewhat meandering article on the meaning of labour, Standing asks a pertinent question that has deep implications for left strategy on inequality. He writes: It is intellectually excusable for those on the political right to want to restrict the meaning of work to labour, or … Continue reading Labour is not equal to work, says Guy Standing

Transformational entrepreneurship need comprehensive packages. Maybe, even a minimum wage

entrepreneurship and inequality

Entrepreneurship is often seen as a solution to poverty. Perhaps, this optimism of the market is misplaced. Elisabeth Jacobs, from the the Washington Center for Equitable Growth, develops a framework connecting rising economic inequality and declining levels of innovation and economic dynamism in the United States. The article is of course relevant to the United … Continue reading Transformational entrepreneurship need comprehensive packages. Maybe, even a minimum wage

Stephen Hawking discusses inequality

Stephen Hawking's contribution to science is immense, as was his ability to produce excellence despite his disease. Hawking's in the linked article tackles questions on inequality, linking changes in technology to questions of inequality. He writes: With not only jobs but entire industries disappearing, we must help people to retrain for a new world and … Continue reading Stephen Hawking discusses inequality

World Inequality Report 2018

The World Inequality Lab has released the World Inequality Report 2018.  What is the World Inequality Lab? The World Inequality Lab aims to promote research on global inequality dynamics. Its core mission is to maintain and expand the World Wealth and Income Database. It also produces inequality reports and working papers addressing substantive and methodological … Continue reading World Inequality Report 2018