Post(s) tagged with "economy"
Google Chairman Eric Schmidt just gave a “fireside chat” in Davos, Switzerland, at the World Economic Forum.
In the context of talking about global inequality, which Schmidt thinks is partly the result of technology and is going to…
Right now, companies are so focused on cutting wages — by paying their employees as little as possible and replacing them with technology whenever possible — that wages as a percent of the economy are now near an all-time low (see chart below). And this weakness in wages is the big reason demand in the economy is so weak.I am not so sure the direction of the causality is so simple, but there is clearly a connection that needs to be discussed in both the short term and the long term perspective.
The Oxfam report - Working for the few - Political capture and economic inequality says something about the state of the world and about the direction we are heading in. As a Swede I am especially sad about this graph since Sweden used to be pretty good at keeping inequality relatively low. Now we are changing faster than than most others to the other side of the spectrum…
What’s happening to global incomes
Now here’s an interesting graph, courtesy of the World Bank’s resident inequality guru, Branko Milanovic. It shows change in real incomes over the period of 1988 to 2008 at different percentiles of globa…
Interesting! Note especially the increasing gap in the West which will most likely continue to increase the tension we are already starting to feel.
And that huge dip between the 75th and 85th percentiles? Why, that’s the squeezed middle in developed countries, plus a lot more people in Latin America and former Communist countries – watching their incomes stagnate while those just to the right of them hoover up globalisation’s winnings.
On the Money, Networked Society - Ericsson (by Ericsson)
One issue here is the rise of the reputation economy, another convertible currency which is, and has always been, the key to the access to resources and cash. The digital world is a new way of managing, growing and harvesting the value of your reputation. A good and valid point, but the digitalization also increase the risk of destroy a reputation as well. This is a huge challenge to manage as well…
The other point they try to make in this film is that digitalization of economy will leads to a wider distribution of wealth through the democratization of access to digital tools is a more problematic one. You can think so when seeing the spread of wealth to e g Africa. On the other hand the rapidly increasing of wealth polarization to an extremely small group of people is due to another property of digital money:
- digitalization makes it is much more easy to tap off money from an increasing amount of small money streams automatically and at a greater than industrial magnitude
- there is with modern digital financial instrument virtually no limit to how much money you can gather and defend without having to increase your cost of defending it or increase your risk of losing it
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P A Martin Börjesson
To be able to see the future emerge we have to throw a wide net to catch the weak signals. In this tumble I collect things I find valuable for my work as scenario planner, strategist and futurist - for more info about me go to www.futuramb.se.
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