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
An important, interesting and accessible article on why we should care about inequality. Three reasons are advanced. From the article Every inequality in the treatment or position of individuals – including inequality in income and wealth – requires understanding and justification, because we are all fundamentally the same. That does not mean we should … Continue reading Branko Milanovic on why should we care about inequality
Stumbled on this article on LinkedIn. Martin Screeton makes a case for Basic Income Grant (BIG). He concludes: I think this (Universal Basic Income Grant) will be not only our solution but a future solution to all countries of the world that face increasing automation of our physical tasks and the dire need to sustain … Continue reading Basic Income via Marx
This is an incredibly interesting Tweet. The graph below shows Gini of Household per capita income around 2013. The conclusion Professor Branko Milanovic draws is important - less unequal countries have a more equal distribution of labour income. It might sound an obvious point to make, but it is hotly debated whether the distribution of … Continue reading Branko Milanovic Tweet on Labour Income and Inequality