Tag: Labour inputs

Work hard or work well?

Many say the secret for a good life is ‘work hard and play hard’ Leila Hock, in an article for Career Contessa, disagrees – ‘work hard’ apparently “makes my eyes roll a little” She believes we’ve become too preoccupied with “the grind” and it’s actually bringing us down – “It has a negative effect on …

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Immigration pluses and minuses

The USA really should try to attract more immigrant entrepreneurs, according to Claude Barfield of the US National Venture Capital Association and Entrepreneur.com: 40% of Fortune 500 companies were founded by first or second generation immigrants, and more than half of the nation’s billion-dollar startups have an immigrant co-founder According to the National Science Foundation, only 17% of US bachelor …

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The skills delusion

Adair Turner, Chairman of INET (Institute for New Economic Thinking) and one-time Chairman of the UK’s FSA (Financial Services Authority) wrote a weighty article a year or so ago on the need for more investment in our human stock We cannot better his choice of words so, below, reproduce much of his article verbatim It …

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Cheap labour solves productivity puzzle?

Merryn Somerset Webb, editor of the magazine Moneyweek, claims to have solved the productivity puzzle afflicting the UK – actually, all other developed economies are suffering in much the same way  “It’s never ever seemed like much of a puzzle to us” she says, adding: “We’ve written many times over the last decade that, if you …

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Opioids knock productivity

Janet Yellen, Chair of the US Federal Reserve, considers President Donald Trump’s  growth target of 3% per annum over the next five years to be “quite challenging” At present, the rate slumbers at a mere 0.5%, having been around 2% over the past decade She holds that a major factor holding down productivity growth is …

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