Seattle misreads Thomas Piketty as its minimum wage mascot. Thomas Piketty, the economist and author of Capital in the Twenty-First Century, has ignited the economic left in a way that hasn't been seen since the first flames of the Occupy movement.
The nerdy, unassuming Frenchman has become the patron saint of the class struggle. But did everyone read every page of Piketty's entire 600-page tome before quoting it? Nope, if Seattle's new minimum-wage law is any evidence. First, the basics: the new Seattle law promises to raise the minimum wage in the city from $9 an hour to $15 an hour, citing the statistic that nearly one-fourth of the city's employees earn less than that. It won't happen all at once: large employers, with over 500 employees nationally, have until 2017 to raise the wage to $15 for their workers, and then raise it every year according to inflation. Thomas Piketty Says Labor’s Share of Income Is Declining, But Is It?
Joseph Stiglitz: Thomas Piketty gets income inequality wrong. This article originally appeared on AlterNet.
Nobel laureate Joseph Stiglitz has been writing about America’s economically divided society since the 1960s. His recent book,The Price of Inequality, argues that this division is holding the country back, a topic he has also explored in recent research supported by the Institute for New Economic Thinking and others. On December 4, Stiglitz chaired the eighth INET Seminar Series at Columbia University, in which he presented a paper, “New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals.” In the interview that follows, he explores the themes of this paper, the work of Thomas Piketty, and the need for the field of economics — and the country — to come to terms with the growing gulf between haves and have-nots.
Lynn Parramore: You’ve mentioned that economic inequality was the subject of your Ph.D studies. Chris Weller, “A Dutch city is giving residents free money, no strings attached — here's why it could work” Maria Sanchez Diez, “A Dutch city is giving money away to test the ‘basic income’ theory” FRANCE: Opinion Poll Shows 60% Support for Basic Income.
According to a recent opinion poll, 60% of people in France support the idea of a Basic Income.
The survey was sponsored by national television channel i-télé, and the liberal think tank Génération Libre [Free Generation], as part of a survey focusing on ‘Liberalism and French people’. Andrew Coyne: Guarantee a minimum income, not a minimum wage. With a new government — the first really new government in 44 years — Alberta politics is alive with possibilities for new directions and fresh approaches.
Two ideas in particular have the province’s political class abuzz. The first is the possible introduction of a guaranteed minimum income, known to be an area of interest to the province’s new finance minister, the former city alderman and poverty activist Joseph Ceci. The Conservative Case for a Guaranteed Basic Income. Politics Creating a wage floor is an effective way to fight poverty—and it would reduce government spending and intrusion.
Please consider disabling it for our site, or supporting our work in one of these ways Subscribe Now > Last week, my colleague David Frum argued that conservative welfare reformers need to focus on simplification. Psmag. Sometimes I feel like I’m the only one who remembers Kozmo.com, the start-up that delivered snacks to your home or business by messenger in the late '90s.
Does that sound familiar? Or maybe you’ve heard of Fresh Direct, which has been delivering groceries to New Yorkers for more than a decade? Or temp agencies? Have you heard of temp agencies? The current frenzy over “the sharing economy” makes it seem as though on-demand delivery services and exploitive freelance labor models are new. The current frenzy over “the sharing economy,” “the gig economy,” “the 1099 economy,” “the on-demand economy”—whatever you want to call it—makes it seem as though on-demand delivery services and exploitive freelance labor models are new. The Long Tail - Wired Blogs. Sun, 08 Nov 2009 00:46:19 “Priced and Unpriced Online Markets” by Harvard Business School professor Benjamin Edelman.
Discusses tradeoffs in market such as email, IP addresses, search and dial-up Internet. “Reminiscent of the old adage about losing money on every unit but making it up in volume, online markets challenge norms about who should pay, when, and why.” I found this typically academic: dated, dry and pretty unilluminating. Essays. The Future of Retail In The Age of Abundance.
Posted December 11, 2014 Posted in Blog, Branding, Store Experience, Strategy, The Future, Trends By Doug Stephens In an astonishingly short period of time (about two decades), the developed world has evolved from a scarcity-based retail economy to one of unimaginable abundance.
Consider that it wasn’t so long ago that consumers, lacking any other means of access, depended entirely on retailers for information on, and access to, new brands and products. To be successful, all a retailer had to do was be an efficient and affordable pipeline. Abundance: A Landscape for Change in Healthcare. I had the privilege of interviewing Ayelet Baron during the 2014 BEI, Back End of Innovation conference where she converged the concept of abundance and business agility.
Ayelet is not only a futurist, but inspires action within the healthcare community by challenging all of us to think differently. She is the Chief Instigator at Simplifying Work, where she helps organizations thrive in the 21st century through her writing, speaking and life’s work. Book Bytes - 114: New Era of Food Scarcity Echoes Collapsed Civilizations. February 07, 2013 New Era of Food Scarcity Echoes Collapsed Civilizations Lester R.
Brown. How to sell green energy in an era of abundant gas and oil. Since the middle of the last decade, well before the worldwide run-up in fuel prices during 2008, it has been widely believed that we are entering a new era of scarcity in carbon-based fuels such as oil and natural gas. Such concerns are not new, having first become prevalent in the 1970s. But a rather quiet revolution is taking place on both fronts, leading to a new era of abundance that may prove as problematic as scarcity. US production The United States, long an international symbol of profligate energy consumption, with a thirsty appetite for imported oil and gas, is, according to a recent Bloomberg News report, on track to achieve energy self-sufficiency by 2020.
US crude oil production has increased 25% since 2008, and may rise another 10% in 2012. All of these trends are moving the US towards energy independence, or even to being a net exporter of energy in five to ten years. Canada Canada’s unique Athabasca tar sands represent another part of the evolving energy picture. Australia.
Drill, Baby, Drill: Can Unconventional Fuels Usher in a New Era of Energy Abundance? Post Carbon Institute. Drill, Baby, Drill: Can Unconventional Fuels Usher in a New Era of Energy Abundance? David Hughes February 19, 2013 Missing Attachment In this landmark report, PCI Fossil Fuel Fellow David Hughes takes a far-ranging and painstakingly researched look at the prospects for various unconventional fuels to provide energy abundance for the United States in the 21st Century. Praise & Reviews. Forbes / The next technology revolution will drive abundance and income disparity. This post also appears on Forbes.com.
There have been and will continue to be multiple big technology revolutions, but the most impactful on human society may be the one that finally builds systems with judgment and decision-making capability more sophisticated and nuanced than trained human judgment. Machine learning, sometimes called big data or artificial intelligence, is making rapid progress in complex decision-making (for instance: driving a car was thought to be too difficult for computers even five years ago). Without speculating on what is probable, it is at least possible that such systems may even be better at creativity, emotion and empathy than human beings (for instance: writing the best music, love story or creative fiction). At the very least these systems may be able to handle much more data to which we now have access and use it to make better judgments than humans with their supposed instinct, gut, holistic and integrative decision capability.
STOP COMPLAINING! Study Shows New Era Of Abundance In Music, Entertainment [INFOGRAPHIC] The (Needed) New Economics of Abundance. By Lifeboat Foundation Scientific Advisory Board member Steve Burgess. We need a new version of capitalism for the jobless future. This board is about to get a lot smaller. (Simon Dawson/Bloomberg) “There are more net jobs in the world today than ever before, after hundreds of years of technological innovation and hundreds of years of people predicting the death of work.
Peter Diamandis on incentive prizes driving an era of abundance. Manufacturing revenue growth in an era of abundance. The whine I'm sure your VP of Sales is a driven, hard working, numbers focused person. I'm also sure that (s)he has plenty of reasons why growth is such a challenge. Razorsight Blog. Welcome to Forbes. Javier Creus: "We are entering an era of abundance!" As collaborative practices spread, public institutions and businesses are beginning to adapt and experiment.
As oil prices tank, new era of abundance seen dawning. GOP plans for 'era of abundance' in energy. House Republicans are pushing a comprehensive policy package for energy that aims to ease pipeline permits, train more workers for the industry and wield increased production as a diplomatic tool. Leaders on the House Energy and Commerce Committee outlined their goals in a four-part “framework” document they released Monday. They want to move the legislation through the House by the end of the year.