January 2019 – Economics of Information Society

Future of work: The price of labour

Future of work: The price of labour Phuah Eng Chye (19 January 2019) Wages function as an incentive to work. Edward P. Lazear explains “without compensation, the overwhelming majority of workers would not otherwise perform the tasks.” In this context, “incentives affect behaviour and that economics as a science has made good progress…of demonstrating that … “Future of work: The price of labour”

Future of work: Re-defining work (Part 6: Monetising participation)

Future of work: Re-defining work (Part 6: Monetising participation) Phuah Eng Chye (5 January 2019) The paradigm of participation[1], as compared with employment, expands the sphere of potential economic engagement. It requires establishing a platform (similar to sharing) to facilitate formal organisation for a broad range of activities to be monetised. But there is a … “Future of work: Re-defining work (Part 6: Monetising participation)”

Phuah Eng Chye

I was formerly a securities regulator and equities analyst. I started writing these articles (and a book) because I felt that there were a lot of economic theories that didn’t seem to match up to the realities we are facing. This also means that a lot of policies (based on these theories) are wrong. So I’ve tried to make sense of how things worked based on the paradigm of an information society. Its a challenging topic and difficult to pin down. This means I have had to explore issues over a wide range of policy areas. Over the next few months, I will cover the service economy, the sharing economy, household and work structures before moving onto policy issues on the anorexic economy (role of corporates, basic income, housing affordability) and the financialisation process (capital, monetary policy, securities regulation).

Date	Article/Event
29 June 2024	The dismal decade (Part 6: Driving forces and 2030 scenarios)