Future of work: Information disruption

Future of work: Information disruption Phuah Eng Chye (28 July 2018) Mathew Bishop (moderator): Now, I suppose at the moment there seems to be a loss of faith that there is much of a future for work, and there’s a sense that…we’re facing a world where vast amounts of existing jobs are going to be … “Future of work: Information disruption”

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Labour share of income: (Part 8 – Wage regulation and information disruption)

Labour share of income: (Part 8 – Wage regulation and information disruption) Phuah Eng Chye (14 July 2018) The structured approach to labour organisation built around the industrial workplace is unravelling. Landscape changes are wrecking the old arrangements for work and income. The ideals of a career relationship and income progress over a lifetime is … “Labour share of income: (Part 8 – Wage regulation and information disruption)”

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Labour share of income: (Part 7 – The roles of wages and profits)

Labour share of income: (Part 7 – The roles of wages and profits) Phuah Eng Chye (7 July 2018) Wages have an important role in an economy. The International Labour Organization (ILO) notes they “are a major source of household income in both developed economies and emerging and developing economies. In developed economies, wages represent … “Labour share of income: (Part 7 – The roles of wages and profits)”

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Labour share of income (Part 6: The missing big picture)

Labour share of income (Part 6: The missing big picture) Phuah Eng Chye (30 June 2018) Economists are increasingly concerned about the persistent decline in the labour share of income. This is because they anticipate wage stagnation and worsening inequalities will weaken household consumption. This will impede prospects for an economy recovery and lead to … “Labour share of income (Part 6: The missing big picture)”

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Labour share of income (Part 5: The quandary of labour reform)

Labour share of income (Part 5: The quandary of labour reform) Phuah Eng Chye (23 June 2018) Corporations set wages and hence determine the distribution of income. In the early phases of industrialisation, public abhorrence over appalling work and social conditions galvanised governments to introduce labour legislation and institutions (trade unions) to protect ordinary workers. … “Labour share of income (Part 5: The quandary of labour reform)”

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Labour share of income (Part 4 – Does wage inequality matter?)

Labour share of income (Part 4 – Does wage inequality matter?) Phuah Eng Chye (16 June 2018) It is widely recognised that “in advanced economies, the gap between the rich and poor is at its highest level in decades.” Hence, many regard “widening income inequality is the defining challenge of our time.”[1] Income inequality raises … “Labour share of income (Part 4 – Does wage inequality matter?)”

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