World Bank – Economics of Information Society

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)”

Organisation of households: Household and business formation

Organisation of households: Household and business formation Phuah Eng Chye (24 March 2018) Demographic aging and shrinking households can be regarded as marking the transition to a less physical environment; namely an information society. Physical environments require resources and manpower for war and physical production and growth is sustained by expanding populations. In contrast, an … “Organisation of households: Household and business formation”

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)