Archive for January 18th, 2017

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18/01/2017

Inequality (III): Less Employment… and More ‘Junk’ Jobs

Human Wrongs Watch

By Baher Kamal* 

Article III of of this three-part series on inequality tackles the issue of the future and quality of jobs. Part II focused on the impact of inequality on women. Part I dealt with the alarmingly deepening inequality worldwide.

Cost of a plate of beans in Switzerland: 0.4 per cent of daily income. Cost of same meal in Malawi: 41 per cent of daily income, according to new World Food Programme (WFP) data. Photo: WFP West Africa

Cost of a plate of beans in Switzerland: 0.4 per cent of daily income. Cost of same meal in Malawi: 41 per cent of daily income, according to new World Food Programme (WFP) data. Photo: WFP West Africa

ROME, Jan 18 2017 (IPS) – While just eight men are enjoying their huge wealth, equivalent to that of half the world, new forecasts project darker shadows by predicting rising unemployment rates, more precarious jobs and worsening social inequality. To start with, there will be more than 1.4 billion people employed in vulnerable working conditions.

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Posted in Africa, Asia, Latin America & Caribbean, Market Lords, Middle East, Mother Earth, Others-USA-Europe-etc., The Peoples | 1 Comment »

18/01/2017

2017 World Economy and Economists

Human Wrongs Watch

By  Johan Galtung* 

16 January 2017 – TRANSCEND Media Service – Two closely related points, as a starter.

galtung_side

Johan Galtung

This column has argued Lifting the Bottom Up as economic approach in all weathers, bad, fair, good, to mitigate any suffering, and for them to enter the economy as producers and consumers, not as “cases”.

This column has also argued judging Trump not by his poisoning words, nor by commentators’ words, but by his deeds.

White-male-workers-no college is not the US bottom, but they were heading down. Now lifted up the Trump way, by keeping/bringing back industry to the “Rust Belt”. Ford Motor Company just did that, GM may be next.

If outsourcing to Mexico–under the euphemism “trade” served poor Mexican workers, maybe–but it serves rich elites in both countries.

45 percent tariff on Chinese goods: a non-starter. US homes are filled with affordable “Made in China”.

To de-industrialize was US stupidity; to re-industrialize will take time.  Keep what is, bring back what was. Other countries may learn from Trump and not trade themselves away.

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Posted in Africa, Asia, Latin America & Caribbean, Market Lords, Middle East, Mother Earth, Others-USA-Europe-etc., The Peoples, War Lords | Leave a Comment »

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