The total number of workers in poverty has gone up over the last 20 years from 2.3 million workers in 1996/97 to 3.7 million workers in 2015/16. Of these 3.7 million workers in poverty, 1.7 million are full-time employees, 1.1 million are part-time employees and 0.9 million are self-employed workers. Just under half of workers… Continue reading Workers in poverty | JRF Report
US reportedly opposed deal, which follows concerns that villages in Indonesia, Thailand and Malaysia had ‘turned into dumpsites’ Almost all the world’s countries have agreed on a deal aimed at restricting shipments of hard-to-recycle plastic waste to poorer countries, the United Nations announced on Friday. Exporting countries – including the US – now will have to obtain… Continue reading We hate pollution and love planet; but they hate us…
A wave of thoughts came into my mind about the new economy after reading some mind-blowing books written by Amartya Sen, Joseph Stiglitz, Robert Shiller, Thomas Picketty, Jeffery Shacks and Paul Collier. They have put the global population – who have very limited access to the resources - at the centre of their debate and raised a concern… Continue reading COOPERATIVE: Ideal for an Egalitarian Big Society
Due to the implications of the Fourth Industrial Revolution (FIR), the workforce is being changed by artificial intelligence (AI) that includes digitalisation, robotisation and sophisticated information technology. In other words, the human workforce will be replaced by the robots and there is a higher possibility of being redundant of human in the future from the… Continue reading Changing workforce: Living Wage or Basic Income
Early this morning eyes went to a news analysis on pension strike and salary of the VCs of the UK’s universities published by the Guardian “Vice-chancellors simply cannot justify the fact they are paid many times more than their local council and NHS trust chief executives, at a time when their own staff have been… Continue reading UK University Pension Strike: Creating Fairer Society!
Building blocks. just simple via Shutterstock Rebecca Earle, University of Warwick What we eat matters to us – but we’re not sure whether it ought to matter to anyone else. We generally insist that our diets are our business and resent being told to eat more fruit, consume less alcohol and generally pull our socks… Continue reading How the humble potato fuelled the rise of liberal capitalism
A report on the causes of BREXIT has been published. According to this report, Brexit was the reason of ‘Poverty, Low Skills and Lack of Opportunities’. The research was accomplished by Goodwin, M, and Heath, O (2016) for the JRF Organisation. ‘This report provides unprecedented insight into the dynamics of the 2016 vote to leave… Continue reading Instability: Poverty and low skill push Britain to Brexit
Some claim the world has achieved tremendous progress and prosperity, however, many believe that more than half of the world’s population are still struggling to have fulfilled their basic needs such as food, clothing, and shelter. Few are enjoying the wealth while many are suffering from extreme poverty. The patterns of resources distribution are extremely… Continue reading Justice is denied by designed
Populism is, perhaps, a way of becoming popular for ‘vote’ and ‘note’ so that that power is easily captured. Populism is a path of politicians and celebrities who want to be ‘popular’ even being ‘naked’; probably naked is not physically but thoughtfully.
By Steve Keen | Evonomics I like Joe Stiglitz, both professionally and personally. His Globalization and its Discontents was virtually the only work by a Nobel Laureate economist that I cited favourably in my Debunking Economics, because he had the courage to challenge the professional orthodoxy on the “Washington Consensus”. Far more than most in… Continue reading Economists Ignore One of Capitalism’s Biggest Problems