Markets

‘Full employment’ may be increasing economic inequality

Unemployment in the UK and the US is really, really low. Technically, both countries have full employment. That was achieved through the growth of involuntary part-time jobs. New data from investment bank UBS and the Resolution Foundation show that, ironically, full employment via involuntary part-time work has increased inequality in […]
‘Full employment’ may be increasing economic inequality
Markets

Alexandria Ocasio-Cortez’s tweet about workers being paid ‘less than the value they create’ is essentially a restatement of Marx’s Labour Theory of Value — here’s why that’s interesting

Alexandra Ocasio-Cortez tweeted, “Workers are often paid far less than the value they create.” That is essentially a restatement of Karl Marx’s “Labour Theory of Value.” The theory suggests that economies run into trouble when workers can’t afford to buy the products they are making. Investment bank analysts at Citi, […]
Alexandria Ocasio-Cortez’s tweet about workers being paid ‘less than the value they create’ is essentially a restatement of Marx’s Labour Theory of Value — here’s why that’s interesting
News

The UK Treasury’s Robert Jenrick talks to Business Insider about inequality, productivity, and whether he’d rather fight 100 duck-sized horses or one horse-sized duck

Robert Jenrick MP, currently the UK Treasury’s lead spokesperson on economic growth and productivity, was once attacked by the Daily Mail for being too rich. We asked him whether he believes that wealth inequality might be holding back economic growth. He also talked about the economic effect of companies like […]
The UK Treasury’s Robert Jenrick talks to Business Insider about inequality, productivity, and whether he’d rather fight 100 duck-sized horses or one horse-sized duck
News

Millennials will be the richest generation ever, according to UBS — so perhaps they ought to stop complaining about the housing market

Millennials have been locked out of the housing market by rising property prices, sparking a debate about economic inequality between the generations. But people forget that property and assets don’t just disappear. One day, millennials will inherit these riches, UBS Wealth Management’s chief global economist, Paul Donovan, tells Business Insider. […]
Millennials will be the richest generation ever, according to UBS  —  so perhaps they ought to stop complaining about the housing market