Inequality and Ordinary Living Standards in Rich Countries | naked capitalism - 0 views
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"This has fundamental implications for how one thinks about current challenges. Globalisation and technological change are often portrayed as exogenous forces sweeping across the rich countries, inexorably driving up inequality and forcing workers to accept wage stagnation (and often less security) if they are to hold on to their jobs. Instead, the variation in country experiences shows how much institutions and policy responses matter to how these forces - themselves subject to human agency rather than God-given - play out in the job market and affect household disposable incomes. Wage-setting institutions clearly have a critical influence. The Belgian combination of wages indexed to inflation, collective agreements covering most workers, and a high minimum wage underpinned significant wage growth across the distribution. In Australia, the extension of collectively negotiated employment terms and conditions over much of the work force, together with a very high minimum wage, play a key role. By contrast, the remarkably poor earnings performance of the UK over the last decade is in a context where wage bargaining has become individualised."
New insights into the global silicon cycle - 0 views
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Silicon is the second-most abundant element in Earth's crust and it plays a vital role in plant life, both on land and in the sea. Silicon is used by plants in tissue building, which helps to ward off herbivorous animals. In the ocean, phytoplankton consume enormous amounts of silicon; they get a constant supply courtesy of rivers and streams. And silicon winds up in rivers and streams due to erosion of silicon-containing rocks. Land plants also use silicon. They get it from the soil. In this new effort, the researchers began by noting that the terrestrial biogeochemical cycling of silicon (how it moves from plants back to the soil and then into plants again) is poorly understood. To gain a better understanding of how it works, they ventured to a part of Western Australia that, unlike other parts of the world, has not been impacted by Pleistocene glaciations. The soil there gave the researchers a look at the silicon cycle going back 2 million years.
Is the 20-hour work week the way of the future? - 0 views
coronavirus Australia victims - 0 views
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