Bloomberg - 1 Oct 2018
Reports from the ILO and the JP Morgan Chase Institute describe the plight of different kinds of gig-economy workers who struggle to make even their countries’ minimum wage toiling for giant tech platforms (reads in 5-6 min).
Published in Weekly selection 13 October 2018
Project Syndicate - 31 Aug 2018
Markets can be a force for good, but are also highly susceptible to abusive practices, including on the part of prominent private-sector individuals. One core problem is that market incentives reward self-interested private behavior, without accounting for social benefits or costs. This is central to current policy debates, including important new US legislation that has just been put forward. According to Johnson, this Accountable Capitalism Act would greatly enhance the legitimacy of capitalism. (reads in 5-6 min).
Published in Weekly selection 2 September 2018
The New York Times - metered paywall - 25 Jul 2018
Continental Europe is one of the very few places in the rich world where workers are finally getting a bigger piece of the economic pie. In a world of discontent, this is important news, but nobody quite understands the reason why real wages are increasing. This article presents some possible explanations at a time when the relationship between growth, wages and inflation has become much harder to understand (reads in 5-6 min).
Published in Weekly selection 28 July 2018