While it’s hard to come up with numbers, the delocalisation and outsourcing of production and other economic activities to low-cost countries have resulted in the loss of jobs and reduced purchasing power of workers in developed countries. The next wave of job loss is expected to be due to technology and, in particular, automation and […]
Symbolic Growth And Stagnant Wages
For decades, Western governments (and their economies) have been delivering real growth and economic well-being to their citizens. But changes that have occurred since the 1980s have made it increasingly difficult to distinguish real growth from nominal growth, while the well-being of the majority of citizens has failed to improve. At the beginning of the […]
