Celebrating humanity's flourishing through the spread of capitalism and the rule of law
24 Jul 2016 Leave a comment
in economic history, economics of education, human capital, labour economics Tags: Australia, Canada, France, Germany, Italy, tertiary educational attainment.
The British, Australians, and Italians experienced strong growth in tertiary attainment since the year 2000. In the case of the Italians, it was from a low base. There is still a big difference in tertiary attainment between English-speaking and other countries.
Source: OECD Factbook 2015-2016.
24 Jul 2016 1 Comment
in economic growth, economic history, labour economics, macroeconomics, politics - New Zealand, unions Tags: economic reform, Employment Contracts Act, employment protection laws, employment regulation, Leftover Left, neoliberalism, pessimism bias
Source: Low Wage Economy | New Zealand Council of Trade Unions – Te Kauae Kaimahi, with extra annotations by this blogger.
23 Jul 2016 Leave a comment
in economic history, liberalism, politics - New Zealand Tags: Leftover Left, pessimism bias, Twitter left
David Aislabie yesterday in the Wanganui Chronicle went beyond Max Rashbrooke’s boy’s own view of the 1970s New Zealand is an egalitarian paradise. Aislabie said
The post-war New Zealand I grew up in was the envy of the world — an egalitarian paradise and a great place to bring up children.
It is a sad irony that the baby boomers who benefited from the welfare state they inherited from their parents’ generation should be responsible for snatching those benefits away from subsequent generations.
At least last year, Max Rashbrooke was good enough to qualify his pre-economic reform egalitarian paradise to not include women and Maori
New Zealand up until the 1980s was fairly egalitarian, apart from Maori and women, our increasing income gap started in the late 1980s and early 1990s,” says Rashbrooke. “These young club members are the first generation to grow up in a New Zealand really starkly divided by income.
Leaving out a good 60% of the population from the pre-1984 New Zealand egalitarian paradise is a bit of a stretch on any paradise.
Pre-1984 was no paradise to sing that you were glad to be gay; you could have been thrown in jail and many were.
19 Jul 2016 Leave a comment
in economic history, economics Tags: maps
19 Jul 2016 Leave a comment
in economic history, human capital, industrial organisation, labour economics, occupational choice, politics - Australia, poverty and inequality Tags: Australia, CEO pay, superstar wages, superstars, top 1%, top incomes
Australia has had a working rich for a long time now. Australian top income earners are top wage earners. They are athletes, celebrities, business executives and in the professions.
Source: The World Wealth and Income Database.
18 Jul 2016 Leave a comment
in applied welfare economics, economic history, human capital, industrial organisation, labour economics, occupational choice, politics - USA, poverty and inequality, survivor principle Tags: CEO pay, entrepreneurial alertness, superstar wages, superstars, top 1%, top incomes
The rich in the USA long ago became a working rich; most top incomes are from wages and salaries.
Source: The World Wealth and Income Database.
17 Jul 2016 Leave a comment
in economic history, human capital, labour economics, occupational choice, politics - New Zealand, poverty and inequality Tags: Leftover Left, pessimism bias, top 1%, top incomes, Twitter left
Max Rashbrooke was good enough to remind us that the 2013 update of New Zealand top income shares came online a few days ago.
As is well known to everyone except those obsessed with top income shares, New Zealand top income shares have not changed much since the late 1980s. They are now no higher than in the good old days when New Zealand was an egalitarian paradise in their eyes.
Source: The World Wealth and Income Database.
15 Jul 2016 1 Comment
in economic history, economics of regulation, politics - USA, urban economics Tags: British economy, France, Germany, housing affordability
Still have not seen a decent explanation for why German housing prices seem to fall for decades on the trot.
13 Jul 2016 Leave a comment
in constitutional political economy, economic history, Public Choice
Lord Mandelson, another founder of New Labour, told The Independent:
Labour went through a near-death experience in the 1980s. We turned ourselves round but the effect of Margaret Thatcher was to remind the Labour Party that it had to listen to the public and not just its activist base in order to be re-elected. In particular, we had to speak to the aspirational working class to whom Lady Thatcher appealed and who we had to win back.
10 Jul 2016 Leave a comment
in economic history Tags: maps
10 Jul 2016 Leave a comment
in applied welfare economics, development economics, economic history, growth miracles Tags: The Great Enrichment, The Great Escape
Source: Angus Deaton, The Great Escape (2013).
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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