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recent bookmarks from asterisk2aMacroeconomics Causes of Inequality - YouTube2015-05-14T18:02:26+00:00
https://www.youtube.com/watch?v=SgBa4JINL6I
asterisk2a> free child care, health care, limit exploitation of financial illiterate people (% interest on pay day loans, overdraft charges, dispo), public services, social services, pension contribution by state (preventing poverty at old age), tax credits for low income and children and carers, free education and vocational education/continual education - enabling to move up the ladder, // min11 - secular stagnation post GFC compared to previous recessions in terms of real household demand (balance sheet recession, debt overhang, deleveraging (debt repayment), and lack of new issuance of consumer credit I guess, too + rising income equality! lower redistribution from top to bottom (fair taxation) reduces recycling of income (freed up by policy items above) into demand. // min 18 - top 5% society (luxury, vanity, status) takes over bottom 80% society in aggregate terms of consumption. Economy driven by WHOM?! Affluent!]]>income inequality social mobility vocational education policy Gini coefficient Makers squeezed middle class working poor precarious work Precariat savings Proletariat economic model trickle-down economics macroeconomic growth Super Rich 1% tax free Universal Basic credit code avoidance evasion consumption consumerist consumer creation budget deficit exploitation shareholder value Niedriglohn Niedriglohnsektor Lohnzurückhaltung lohndumping Zeitarbeit Leiharbeit Zero Hour Contract productivity Werkvertrag disposable discretionary spending contractor outsourcing fairness unrecht bailout Career Politicians gender pay gap folly error Soziale Marktwirtschaft Blue-collar Worker White-collar knowledge GFC debtoverhang balance sheet recession liquidity trap deleveraging secular stagnation austerity UK USA history recovery fiscal stimulus Schuldenbremse Pact Western World Europe deflationary debt confidence dot.com Privileged Establishment convenience on-demand innovation Silicon Valley wealth distribution redistribhttps://pinboard.in/u:asterisk2a/b:b3e9b4912f27/