Economic Update – Socialism: Past, Present, Future – 11.12.17

Updates on critique of Uber and gig economy; WI Sen Johnson endorses inequality; Norway to pay male and female athletes same; corporations buy back their own shares; deaths of overworked Japanese; 10% NY school kids homeless; and majority of major US corporations already pay much below official 35% tax rate. Major discussion of changing economics of socialism.   Download this …

Harriet Marsden – The 4 things people need to enjoy work

A standard 9-5 office job can be very detrimental to your health. Sitting behind a desk without regular movement, staring at screens, canteen eating and caffeine slumps can all contribute to an unhealthy physical lifestyle. Meanwhile, disruption to natural circadian rhythms and sunlight deprivation negatively affect mental and emotional wellbeing. In the ‘gig economy’, zero-hours contracts, the lack of contractual stability, poor economic …

Robert Reich – The Upsurge in Uncertain Work

As Labor Day looms, more Americans than ever don’t know how much they’ll be earning next week or even tomorrow. This varied group includes independent contractors, temporary workers, the self-employed, part-timers, freelancers, and free agents. Most file 1099s rather than W2s, for tax purposes. On demand and on call – in the “share” economy, the “gig” economy, or, more prosaically, the …

OECD report: Global social inequality hits new record – Gabriel Black

Income inequality in many developed countries has reached an all-time high, according to a report released Thursday by the Organization for Economic Co-operation and Development (OECD). The report also notes that growth of social inequality has been accompanied by the growth of part-time and contingent labor, particularly for younger workers. The wealthiest tenth of the population in OECD member countries now earn …

Growing Global Inequality Gap ‘Has Reached a Tipping Point’ – Nadia Prupis

With the gap between the rich and poor growing worldwide, a new study by the Organization for Economic Cooperation and Development (OECD) published Thursday suggests that the only way to reverse such rampant inequality is by implementing government measures aimed at balancing the playing field Chief among those measures: Tax the rich and push for gender equality. In its 34 …