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3/5/19, 9(47 AMLabor and Capital in the Global Economy : Democracy Journal Page 1 of 13https://democracyjournal.org/magazine/43/labor-and-capital-in-the-global-economy/ FEATURES Labor and Capital in the Global Economy How three decades of technological change, globalization, and government policy made workers more at the mercy of concentrated capital. B Y K I M B E R L Y C L A U S I N G F R O M W I N T E R 2 0 1 7 , N O . 4 3 – 1 7 M I N R E A D T A G G E D C A P I T A L I S M E C O N O M Y I N E Q U A L I T Y L A B O R P O L I T I C S T A X E S T E C H N O L O G Y https://democracyjournal.org/author/kim-clausing/ https://democracyjournal.org/category/magazine/43/ https://democracyjournal.org/tag/capitalism/ https://democracyjournal.org/tag/economy/ https://democracyjournal.org/tag/inequality/ https://democracyjournal.org/tag/labor/ https://democracyjournal.org/tag/politics/ https://democracyjournal.org/tag/taxes/ https://democracyjournal.org/tag/technology/ https://democracyjournal.org/tag/features/ https://democracyjournal.org/ 3/5/19, 9(47 AMLabor and Capital in the Global Economy : Democracy Journal Page 2 of 13https://democracyjournal.org/magazine/43/labor-and-capital-in-the-global-economy/ O Puck Magazine, February 7, 1883. This essay is part of a series published with the support of the Washington Center for Equitable Growth. ver the past 35 years, the economy has been transformed by technological change. The computing revolution and the rise of the Internet have changed the nature of product competition, reduced communication costs dramatically, and allowed the digitization and codification of processes. These changes have affected the returns to different types of labor, the role of labor itself, and the nature of bargaining between workers and companies. 3/5/19, 9(47 AMLabor and Capital in the Global Economy : Democracy Journal Page 3 of 13https://democracyjournal.org/magazine/43/labor-and-capital-in-the-global-economy/ Accompanying this technological change and augmented by it, globalization has proceeded apace. Capital mobility across borders has continued to increase, both in terms of portfolio investments that cross borders and in terms of the reach of multinational corporations. International trade in goods and services has continued to expand, fueled by decreases in information costs, technological changes, and greater policy openness to trade in many countries. Migration, while more limited by national barriers, has also had an important impact in many places over this time period. Over this period of technological change and globalization, the role of labor and capital has also changed in important ways throughout the global economy. A generation ago, students of economics were often taught that the labor share and capital share of all income generated in the economy should be expected to be roughly constant over long periods of time, with about 70 percent of national income accruing to labo ...
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In te rn at io na lt op ic s E co no m ic s Editor Stefan Schneider +49 69 910-31790 [email protected] Technical Assistant Pia Johnson +49 69 910-31777 [email protected] Deutsche Bank Research Frankfurt am Main Germany Internet: www.dbresearch.com E-mail: [email protected] Fax: +49 69 910-31877 Managing Director Norbert Walter October 1, 2004 Current Issues The U.S. balance of payments: wide- spread misconceptions and exaggerated worries • The U.S. balance of payments is by far the most confusing and least understood area of the U.S. economy. The confusion is centered around the large and rapidly growing deficits. Indeed, the deficit on the current account of the balance of payments rose to new records, both in absolute and relative terms. • These developments created worries and fears regarding the sustainability of the external deficits. However, closer examination of the issue shows that the worries and fears are exaggerated and, most importantly, there are no short- and medium-term solutions because of a number of structural reasons. Mieczyslaw Karczmar, +1 212 586-3397 ([email protected]) Economic Adviser to DB Research Guest authors express their own opinions, which may not necessarily be those of Deutsche Bank Research. October 1, 2004 Current Issues Economics 3 The U.S. balance of payments is by far the most confusing and least understood area of the U.S. economy. The confusion is centered around the large and rapidly growing deficits. Indeed, the deficit on the current account of the balance of payments rose from USD 474 billion in 2002 to USD 531 billion in 2003 and is estimated to reach over USD 600 billion in 2004 (see table 1). In relative terms, the deficits amount to 4.5%, 4.9% and 5.3% of GDP, respectively, in those years. Both in absolute and relative terms, these are all-time records. The sustainability of external deficits Persistent and rising external deficits have attracted increasing at- tention of politicians, economists and the media. Needless to say, the deficits are generally viewed as highly negative for the U.S. economy and U.S. financial conditions. The main points of concern are: • Rising foreign indebtedness that might create financial difficulties over time. • A potential massive dollar depreciation needed to rectify the situation. • In an extreme case, a financial crisis as foreigners refuse to fi- nance U.S. deficits and switch their capital to other places. The media, regardless of their political outlook, have been commenting on the U.S. external deficits for quite some time, spreading fear and predicting all sorts of calamities, which apparently sells newspapers well. About five years ago, in the fall of 1999, The New York Times ran an article with a pointed headline: “The United States sets a record for living beyond its means;” and a Barron’s article talked about a current account crisis and a ticking time bomb. Had t.
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Architecting Cloud Native Applications
Architecting Cloud Native Applications
WSO2
Angeliki Cooney has spent over twenty years at the forefront of the life sciences industry, working out of Wynantskill, NY. She is highly regarded for her dedication to advancing the development and accessibility of innovative treatments for chronic diseases, rare disorders, and cancer. Her professional journey has centered on strategic consulting for biopharmaceutical companies, facilitating digital transformation, enhancing omnichannel engagement, and refining strategic commercial practices. Angeliki's innovative contributions include pioneering several software-as-a-service (SaaS) products for the life sciences sector, earning her three patents. As the Senior Vice President of Life Sciences at Avenga, Angeliki orchestrated the firm's strategic entry into the U.S. market. Avenga, a renowned digital engineering and consulting firm, partners with significant entities in the pharmaceutical and biotechnology fields. Her leadership was instrumental in expanding Avenga's client base and establishing its presence in the competitive U.S. market.
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Angeliki Cooney
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows. We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases. This video focuses on the deployment of external web forms using Jotform for Bonterra Impact Management. This solution can be customized to your organization’s needs and deployed to support the common use cases below: - Intake and consent - Assessments - Surveys - Applications - Program registration Interested in deploying web form automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
Jeffrey Haguewood
This reviewer is for the second quarter of Empowerment Technology / ICT in Grade 11
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
MadyBayot
Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024
The Digital Insurer
Uncertainty, Acting under uncertainty, Basic probability notation, Bayes’ Rule,
Artificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : Uncertainty
Khushali Kathiriya
Passkeys: Developing APIs to enable passwordless authentication Cody Salas, Sr Developer Advocate | Solutions Architect - Yubico Apidays New York 2024: The API Economy in the AI Era (April 30 & May 1, 2024) ------ Check out our conferences at https://www.apidays.global/ Do you want to sponsor or talk at one of our conferences? https://apidays.typeform.com/to/ILJeAaV8 Learn more on APIscene, the global media made by the community for the community: https://www.apiscene.io Explore the API ecosystem with the API Landscape: https://apilandscape.apiscene.io/
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
apidays
ICT role in education and it's challenges. In which we learn about ICT, it's impact, benefits and challenges.
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
rafiqahmad00786416
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
The Digital Insurer
Scaling API-first – The story of a global engineering organization Ian Reasor, Senior Computer Scientist - Adobe Radu Cotescu, Senior Computer Scientist - Adobe Apidays New York 2024: The API Economy in the AI Era (April 30 & May 1, 2024) ------ Check out our conferences at https://www.apidays.global/ Do you want to sponsor or talk at one of our conferences? https://apidays.typeform.com/to/ILJeAaV8 Learn more on APIscene, the global media made by the community for the community: https://www.apiscene.io Explore the API ecosystem with the API Landscape: https://apilandscape.apiscene.io/
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
apidays
Following the popularity of “Cloud Revolution: Exploring the New Wave of Serverless Spatial Data,” we’re thrilled to announce this much-anticipated encore webinar. In this sequel, we’ll dive deeper into the Cloud-Native realm by uncovering practical applications and FME support for these new formats, including COGs, COPC, FlatGeoBuf, GeoParquet, STAC, and ZARR. Building on the foundation laid by industry leaders Michelle Roby of Radiant Earth and Chris Holmes of Planet in the first webinar, this second part offers an in-depth look at the real-world application and behind-the-scenes dynamics of these cutting-edge formats. We will spotlight specific use-cases and workflows, showcasing their efficiency and relevance in practical scenarios. Discover the vast possibilities each format holds, highlighted through detailed discussions and demonstrations. Our expert speakers will dissect the key aspects and provide critical takeaways for effective use, ensuring attendees leave with a thorough understanding of how to apply these formats in their own projects. Elevate your understanding of how FME supports these cutting-edge technologies, enhancing your ability to manage, share, and analyze spatial data. Whether you’re building on knowledge from our initial session or are new to the serverless spatial data landscape, this webinar is your gateway to mastering cloud-native formats in your workflows.
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Safe Software
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Architecting Cloud Native Applications
Architecting Cloud Native Applications
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
Manulife - Insurer Transformation Award 2024
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Artificial Intelligence Chap.5 : Uncertainty
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Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Economics
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Expanding the Horizons
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Notas del editor
-The company ought to build on its excellent reputation as a good corporate citizen and producer of high quality goods. New markets are bound to respond positively to the company’s high repute. -
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