Thursday, 15 December 2011

Growth The squeezed middle class Inequalty, demographic changes -labour supply aging and Automation

Stuck in the middle
Back to supply and demand and markets BUT there are serious structural problems at work.
It seems commercial paid work may be on the decline. A desire to find a way of contributing doing value added work. BUT how do you resolve wage/income inequality.
E.g. in movies and music - its easy - screw up and nobody buys your records or visits your concerts.  How to break out of minimum wage - get more skills .
unskilled semi skilled even artisan labour (selling ones hands) versus Supervision (organising the hands) v Management/entepeneur(deciding what the hands are going to do) Versus owner (placing organising investing forming capital)
Everyone needs to understand this and serve the customer (stop the class war) - usually your inherent skill or developed skill will find its level. 
Equality of rights and responsibilities contribution -respect of  labour feedback at all levels.- anyone should want to be called to task and argue rationally their standpoint - seek the truth 
Explore/understand other culture German Japanese French - broaden the mind - you may not be a boss but there is every chance your line could give birth to a boss
Income Inequality and Social Preferences for Redistribution and Compensation Differentials William R. Kerr
Europe’s Market-Led Integration Joschka Fischer
Look Past Taxes to Fix Global Puzzle of Inequality: Clive Crook

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