UK Prime Minister Teresa May delivered a speech in London on 27 September that called for greater support for the free market. It came the same day as UK Labour Party leader Jeremy Corbyn said a future Labour government would…
Tag: labour
Techonology and global trade cuts labour share in advanced economies
The share of national income received by workers has fallen steadily in advanced economies to under 40 per cent in 2014 from around 55 per cent in 1975, a new report by the IMF says. Labour’s share of national income…
IMF questions European labour migration
A report by the IMF about the movement of 18m from central and eastern Europe to western Europe since the fall of the Berlin Wall in 1990 says it has negatively affected the economies of the countries from which the…
In the intangible economy, creators are the only real workers
http://www.youtube.com/watch?v=ni_abqgw1jU Conventional economics’ treatment of labour is among its many weaknesses. As has been explained elsewhere in Economics2030, economics is even worse at dealing with the concept of capital. This, of course, hasn’t prevented conventional economists loading their models with variables…