Brexit, TrumpKKK, the EU – broadly defined labour markets are key. About this:
A. Noah Smith is changing his opinion
- A job is more than a paycheck. It is a social institution, too
- Debunking labour economics 101 (very clever but also logical and empirical)
B. Frances Coppola is not changing her opinion: ‘Reinventing work for the future'(about basic income)
C. The Daily Mail wants to change your opinion, about this (graph) Source: ONS. The non-far right should not leave it to the Daily Mail to write about such events and has to ask the question: is the UK mopping up the fall out of austerity in the EU, which leads to people (men…) who become angry about/afraid of losing the dignity and status their jobs once provided. See the first Noah Smith link. And his second. And the Coppola link.
Technical addendum: the EU2 countries are Romania and Bulgaria (which also happen to have the lowest price levels of the entire EU, about half the German level, which clearly does not lead to buoyant exports). The EU8 are Poland, Estonia, Lithuania, Latvia, Hungary, the Czech Republic, Slovenia and Slovakia. Note that the new Polish government lowered the pension age to 65.
D.Unemployment in the USA is getting lowish. But the participation rate is still low. EU unemployment is getting lower but still outright high. But the EU participation rate is increasing. Spectacular: employment rate of black men in USA is up 2,2%-point in one year.