Say goodbye to more jobs?
This is an interesting research report from the Gartner Group on the future of banking, money and economic transition. One of the participants at a conference that Gartner cites is Bernard Leitaer, who is interviewed here.
Leitaer is the author of the book The Future of Money.
He argues " the malaise Japan has suffered since the early 1990s reflects an economic challenge the whole developed world has begun to face. Today, European and U.S. factories, too, suffer from overcapacity. The vaunted productivity growth spurred by the digital revolution has raised the economy’s stall speed. If the natural growth rate of the U.S. economy has risen to 4% annually, anything less than that rate will cause firms to trim capacity. A firm’s revenue growth often must come at the expense of competitors as well as its own profits because companies have trouble raising prices. In response, companies cut costs any way they can, usually by laying off employees and squeezing suppliers, which causes further layoffs. For developed countries, the safety valves
that limited damage during contractions in manufacturing may not work. In past recessions, laid-off factory workers in the Great Lakes states, for example, could migrate to the growing Sun Belt to find new jobs. In the present transition, areas with job growth may lie overseas." The long heralded rise of the information economy, the death of distance and the rise of the
global knowledge workers
is paradigm shift that our goverment leader's
seem ill equiped to handle.
posted by thedailygrowl
on Mar 16, 2004 -
between James Fallows and Barbara Ehrenreich, the author of Nickel and Dimed: On (Not) Getting By in America
[L]et me explain that your book is the account of three month-long episodes of attempting to live entirely on earnings from $7- or $8-per-hour jobs. You show up in low-wage cities and try to get on your feet, like someone "graduating" from welfare to work. One of many intriguing aspects is the juggling of three challenges: landing a job (not that hard, in the "tight" economy of the late nineties); doing the job (sometimes quite hard, as you make vivid); and finding a place to live (nearly impossible, for reasons we will get to).
The material questions are 1) Do we care? 2) What should we do about it? The author makes a couple of suggestion a couple of links into the article. What do you think?
link via adam
posted by Sean Meade
on May 8, 2001 -