economy
Economy and the area of production, distribution, trade, and consumption of goods and services.
We need Smart Globalization with a Glocal Approach
The Covid 19 Pandemic has slowed down an already weakened globalization process. Much before the Pandemic struck, nations worldwide were turning their backs on globalism and began to pursue nationalistic and by extension, populist policies. See for instance, the rise of strongmen authoritarians like Donald Trump, Vladimir Putin, Erdogan, Bolsonaro, and Viktor Orban, who espoused Nation First rhetoric. Indeed, one of the reasons for Trump’s victory was the widespread, though largely factually incorrect, feeling that globalization has enriched the Few and left the Many impoverished.
By Rammohan Susarla5 years ago in Journal
The Toll Of Tipping. Top Story - July 2021.
A casual conversation with anyone working front-of-house in the restaurant industry will solidify a known ideal; these workers rely on their tips to survive. An offhanded suggestion that the industry should do away with tipping would no doubt be received with an onslaught of objection and rightfully so. For decades tipping has grown from a small optional bonus for a job well done, to a mandatory shame-inducing ritual that is harmful to patrons, restaurant owners, and especially servers. To ensure the wellbeing of service industry workers and restore the integrity of restaurants, the United States must replace toxic tipping culture with a livable wage for employees.
By Christine Jupp5 years ago in Journal
Will the Early Ending of the Extra $300.00 UI Benefit Lower U.S. Unemployment Rates?
Despite the rise in Initial Unemployment Claims for the week ended on July 17, 2021, the downtrend from the start of the year remains encouraging. And from an economic perspective, it would be reasonable to assume that reducing the financial incentive to stay at home for lower-income workers would boost employment levels. For example, an individual earning a minimum wage of $7.25 or lower (as is the case in 20 U.S. States) might be motivated to stay at home if they received $250.00 in regular UI benefits plus $300.00 in enhanced benefits, i.e., $550.00 per week. By way of comparison, at a $7.25 wage rate, that same individual working 40 hours per week would earn just $290.00 per week while also incurring commuting and possibly childcare expenses.
By Anthony Chan5 years ago in Journal
Lazy Or Just A Struggling Human Being?
After my partner and I got kicked out and I had used up almost all my savings to buy a car, we were broke. I had $500 to my name. We had been dancing around the idea of going on welfare for a while since we hadn’t had jobs for about a year. But we hesitated because we lived at his parents' house and they paid for food and the essentials. Then we were thrown out and all that was ripped away.
By Ashlea Bicknell5 years ago in Journal
Why Is India Unlocking in a Hurry?
India is opening up, and how!! Right from Unlocks that open up all sectors of the economy to permitting large congregations for religious festivals, and allowing weddings and other social activities, there is nothing left untouched by what I call The Great Unlock. Indeed, it is hard to remember that the country was in the grip of a vicious and brutal Second Wave of Covid Infections just a Month ago and that the system came close to collapse.
By Rammohan Susarla5 years ago in Journal
The three levels of money; none is poor
While going to work a couple of years ago, I met an odd human. The person was a couple of levels higher than me on the company pecking order. I needed to visit with him to get an alternate point of view on our organization. "What's your opinion on our greatest customer's most recent move?", I inquired. What followed was 20-minutes of discussion torment.
By Better Brain5 years ago in Journal
The Indian Economy Went From Bad to Worse. It Would Take a Miracle for it to Recover.
--- --- The Indian Economy was in the doldrums even before Covid struck. A hasty and ill advised Demonetization knocked the sails of a healthy economy and put it in the hospital. An equally botched Goods and Services Tax nationwide rollout ensured that the economy went into the Intensive Care Unit. Now, with the Triple Whammy of Covid, there is no hope for the Indian Economy and it would indeed take a miracle for it to recover. Not that the headline numbers in terms of growth and other parameters of economic progress do not tell the story. Even with the "massaged" statistics, all indicators are in the red and point to a serious malaise in the structural aspects of the economy.
By Rammohan Susarla5 years ago in Journal
No One Wants to Work Anymore
You know, I’m loving this “no one wants to work anymore” narrative created by end-stage capitalism enthusiasts. The truth is, “no one wants to pay a decent wage” is a far more accurate assessment of the situation. Capitalists blaming workers who refuse to work for starvation wages is the height of victim-blaming hubris.
By Kathy Copeland Padden5 years ago in Journal
Global labor market in the light of COVID-19 lockdown
The novel coronavirus (COVID-19) caused serious consequences on the global economy. In less than one year, COVID-19 made the global economy sliding into a recession which is predicted to be worse than the 2008 financial crisis. Particularly, in the latest World economic outlook, the International Monetary Fund (IMF) estimated the global economy to contract severely by 3% in 2020, and the World Bank predicted global GDP would be negative 5% in 2020 and even negative 7% in advanced economies [1].
By Mai Nguyen5 years ago in Journal
Dude! Where's My Country? Is India Going the Way of The Erstwhile Soviet Union?
As India battles an apocalyptic Second Wave of Coronavirus infections, and the state having melted away right when its citizens needed it the most, one wonders whether the country is going the way of the erstwhile Soviet Union and imploding from within. While the collapse of the healthcare system is visible to all, there are some invisible signs of implosion that one can discern if we connect the dots.
By Rammohan Susarla5 years ago in Journal
