The real wage of non-college workers in the U.S. has grown by about 20 per cent since the 1980s, which is less than half of the growth in aggregate labour productivity. This is rather puzzling because low-skill workers tend to work in sectors that have higher productivity growth, yet their wages are lagging behind those of high-skill workers and […]
“We know what can end poverty. But how come poverty never diminishes?” was the reply I received from Harry, who works as a gig worker in a city in Scotland when we were discussing poverty. The reason I specify his identity is because it is significant to what I am about to elaborate.
Indonesia’s rural poverty has always been higher […]
Ownership and control of business corporations by state or government is common in Asian economies. Whether this is a better governance practice than the market-based model of developed economies remains a subject of intellectual discourse. Although studies on corporate governance question the efficiency of state ownership and control of business entities (Shleifer and Vishny, 1997), the efficiency of remuneration […]
From experience, you know that some supervisors will motivate you to do a good job while others can have a negative impact on your performance; some supervisors are supportive while others are more critical. These differences across supervisors extend to how generous supervisors are when rating the performance of subordinates during annual performance reviews. They are not innocuous as […]
Programmable money can be designed to flow as easily as email without sacrificing regulatory controls, monetary policy or personal privacy. – IBM 2018
If the US dollar is to remain the world’s primary reserve currency in the unfolding digital century, how can it remain an analog instrument and unit of account for things increasingly programmable and denominated as digital tokens?– […]
A country’s international logistics performance depends on the extent and modernity of its trade facilitation reform (World Bank, 2018). National trade facilitation committees (NTFCs) are an institutional obligation for members of the World Trade Organization (WTO) because they serve as multi-agency platforms for stakeholder engagement. These partnerships generate consensus via ‘national roadmaps’ to customise a country’s approach to update […]
The effects of climate change have become increasingly palpable for the general public in recent years, with wildfires having destroyed large parts of the Amazon rainforest and the Australian bush, killing more than a billion animals. The attention on the topic, including the need to reverse the inexorable decline in biodiversity and promote sustainable livestock production, has been heightened […]
Underperformance in business is like a potentially serious illness. It’s imperative to identify it early, before it becomes insurmountable. Fortunately, our data-driven age provides an unprecedented richness of material for proactive leaders to sift in search of warning signs.
Once they recognise a red flag, however, what can managers do? After all, detection is one thing, and diagnosis another. Organisations’ […]
UK dividends paid out in 2019 reached nearly £100bn, an all-time high, with nine out of ten sectors raising dividend payouts (Darbyshire, 2020). At the same time, there have been numerous reports of companies such as Carillion, Thomas Cook, Woodford Investment Management, and BHS paying dividends that were unwarranted by underlying financial health.
Following the unprecedented effects of the Covid-19 […]
It’s likely that in the next few years, the wealth sector will experience dramatic change. The sector has historically been resistant to technology and change, with many practitioners very highly paid and very happy with the status quo. The upper end of the industry is characterised by strong personal relationships, high prices and a lack of transparency. But automation […]
The great American baseball sage, Yogi Berra, is thought to have once remarked: ‘It’s tough to make predictions, especially about the future’. That is certainly true, but thankfully the accelerating development and deployment of machine learning methodologies in recent years is making prediction easier and easier. That is good news for many sectors and activities, including microprudential regulation. In […]
Ensuring that their investment portfolio contribute to the long-term sustainability of the planet is one of the key challenges organisations face today. That means adopting prudent financing and a thoughtful investment strategy. But how can financial sector players go about doing that? Sustainable finance raises a lot of practical questions. Many initiatives have been launched to provide businesses with […]
Over the last decade, our approach to gender inequality in the UK workplace has remained relatively static. We’ve pitched the business case for change, tried to transform mindsets with diversity and unconscious bias training, and done our best to influence the leadership pipeline with development and mentoring programmes.
In 2017, I wrote about the urgent need to change tack. The UK’s Hampton […]
To say that the world is changing rapidly is an understatement. Climate catastrophe and that little thing called Brexit have been dominating the 2019 election.
These issues are important, but it might be a useful time to draw attention to another issue on the horizon that will play a fundamental role in our collective future – a fourth industrial revolution. This […]
The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power – Book Review
The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power. Shoshana Zuboff. Profile Books. 2019.
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Early this year, Shoshana Zuboff’s The Age of Surveillance Capitalism arrived to herald the new form of economic oppression we have watched creep into our lives. Zuboff, a professor emerita from Harvard Business School known […]