At least a dozen local, regional, and global analyses published in the last five years provide credible evidence that refugees and migrants offer long-term economic benefits for their new communities. J. Edward Taylor, a professor of agricultural and resource economics at the University of California, Davis, and director of the Rural Economies of the Americas and Pacific Rim Program, led two such studies, from Rwanda and Uganda, finding that every dollar spent by governments and organizations on refugee aid is multiplied as added income.
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Why do American CEOs get paid so much? | James K Galbraith | Opinion | The Guardian - 0 views
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"new report from the Economic Policy Institute calls attention to the hardy perennial of how much America's corporate titans make: bosses of the top 350 firms made an average of $18.9m in 2017. That's a ratio of 312-1 over the median worker in their industries. Big bucks to be sure. And a big change since 1965, when the ratio was just 20-1. But what does it mean? And if there's a problem, what is it, exactly? What it means, as the EPI economists carefully document, is that the top US corporate chiefs are paid overwhelmingly with stock options, and their income fluctuates with the market. About 80% of the pay packet is in stocks, and the rise of 17% in 2017 after two flat years surely suggests that the top CEOs (not unreasonably) sensed the market peaked last year. So they cashed in. On the other 20% of the pay packets, no gains occurred"
The Profit Hoarders - 0 views
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"If corporations returned to the practices of the pre-neoliberal era (1952-1983, to be precise), stuffing not half but less than a fifth of their cash flow in their shareholders' pockets, that could take net investment back to its old average. But under today's model of capitalism, it's more important to keep the shareholders happy."
"A Modified Ponzi Scheme": 78% Of Tesla Operating Cash Flow Has Come From Customer Depo... - 0 views
Refugees a Burden? Trump Says Yes; Research Says Otherwise - 0 views
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This “spillover,” as economists call it, accrues when refugees buy goods and services from local vendors and producers. In Rwanda, each additional refugee resulted in an added $205 to $253 to the economy each year. In Uganda, each refugee dollar spent generated an additional $1 to $1.50 in local income. Spillover benefits are higher when refugees receive cash transfers instead of food aid. In fact, the World Food Program promotes a program doing just this in part because it also allows refugees to make their own market choices.
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But the overall finding offered a powerful message, Parsons said: “It implies that we have nothing to fear from accepting refugees, as long as appropriate mechanisms and support programs are in place to help people resettle and integrate.”
JFI | Reweaving the Safety Net: The Best Fit for Guaranteed Income - 0 views
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This paper examines an optimal design for guaranteed income in the real-world national context, considering how a new cash transfer policy can be designed, and how it could best pair with or replace existing social safety net programs.
Full article: Re-assembling the surveillable refugee body in the era of data-craving - 0 views
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This article traces the travel of biometric data of Syrian refugees in Jordan through a hastily evolving political economy characterized by a pervasive craving for the extraction, storage and brokering of displacement data. It analyzes iris-enrollment as problematic acts of quasi-citizenship for the displaced requiring the performance of social and economic docility in order to attain identity, cash and service provision. Quasi-objects in the form of digital footprints are fashioned through infrastructures that simultaneously seek to model, yet fail to capture, socioeconomic existence in displacement contexts. Discourses of anti-fraud, donor dictates, upward accountability and strategies of financial inclusion of 'the unbanked', facilitate the marketization of the creation of data-doubles in laboratories of displacement and loopholes for externalization. Driven by increasingly blurred lines between technological, humanitarian and financial interests, this development has transformative effects on both those displaced, and on a humanitarian sector tasked with safeguarding their rights.
Moderna executives have cashed out $89M in shares this year - 0 views
Moats Before (Gross) Margins - Andreessen Horowitz - 0 views
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But we risk losing sight of what truly drives business value. Yes, gross margins are important. But over-rotating on gross margins is myopic because business quality is driven by more than margins. Business quality is about defensibility. Defensibility comes from moats. And while high gross margins are often a reflection of moats, they are not a moat in and of themselves. And when faced with a low gross margin business, you need to focus even more on moats: without those extra points of revenue to invest in sales & marketing strategies or research & development, you need other ways to generate cash flow over time.
Amazon Discovers the High Cost of Being Poor | naked capitalism - 0 views
Universal Basic Assets: A Smarter Fix Than Universal Basic Income? | Fast Forward | OZY - 0 views
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For 40 years, Robert E. Friedman and his Washington-based nonprofit Prosperity Now have helped millions of people from economically vulnerable communities gain financial security and stability. Income disparity, however, has only grown across the United States. Now, the 69-year-old Friedman is arguing for a macroeconomic fix — and it doesn’t involve the government just doling out cash. Instead, he advocates giving everyone assets like savings, education and homeownership, instituting a system of universal basic assets (UBA). And Friedman isn’t alone.
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As cities and countries across the world experiment with the currently in-vogue idea of universal basic income (UBI), a small but growing number of scholars, nonprofits and researchers are beginning to argue for an alternative framework for prosperity. At its heart, they’re pushing for a 21st-century version of the age-old proverb that it’s better to teach a man how to fish than to simply give him fish. Just four years ago, UBA as a modern concept was unknown. Today, it’s emerging as a challenger to UBI as a means to the same goal: less income disparity and greater opportunities for all.
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It’s an idea that has appeal on both sides of the political aisle. Liberals are drawn to UBA’s “provide for everyone” ethos, while libertarians see it as a reason to cut the “safety net” of government subsidies like welfare and unemployment, says Friedman. The bipartisan appeal comes from the notion that asset-building gives people more options, says C. Eugene Steuerle, former deputy assistant secretary of the U.S. Department of the Treasury for Tax Analysis under President Ronald Reagan and co-founder of the Urban-Brookings Tax Policy Center. ”UBA is a middle-of-the-road policy,” he says. “It’s an ideal compromise between left and right because it promotes mobility and opportunity, and less dependence on government.”
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Which is the only country to protect in law the child's right to play? | Aditya Chakrab... - 0 views
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Every Welsh local authority “must secure sufficient play opportunities in its area for children”, according to the measure passed by Cardiff’s parliamentarians in 2010. It is, says Mike Barclay, who used to do Roberts’s job in neighbouring Wrexham, “a beautiful piece of legislation”. It encourages councils to ask children what events and activities they want, and to reflect their desires in annual play action plans. It puts every blueprint for a new housing estate or plan for a bypass under scrutiny for how it will affect children’s play. And it gives play officers like Roberts extra ammo when they need cash to organise aquaslides. It makes Wales the first country in the world to take play seriously.
The Federal Job Guarantee Is Not Just "Better" Than a Universal Basic Income. It's the ... - 0 views
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UBI adds money to the economy without increasing production or output. This is how you cause inflation: The creation of money without consideration of the real resources available to you.
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FJG adds money to the economy by increasing productivity and output. This is how you avoid, or greatly reduce the severity of, inflation. It forces private industry and the military to up their game, in order to be competitive with the FJG: better than bare-minimum living wage, benefits, and working conditions.
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If the FJG creates “busywork” pointless jobs, it is not a problem of the FJG itself, but rather a reflection of poor implementation of the FJG at the local level. There are basically an infinite number of genuinely useful things to be done at the local level, throughout the country.
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Could a Basic Income Plan End Poverty in Washington, D.C.? - 0 views
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The 86-page report, from the District’s Office of the Budget Director, applies evidence-based methodology and economic forecasting to compare two approaches to alleviating poverty: a negative local income tax (similar to the federal earned-income tax credit for poor families) versus a straightforward cash grant, known as guaranteed or universal basic income (UBI for short).
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“There are certainly a lot of advantages to a UBI program,” one of the researchers, Susanna Groves, a senior budget analyst for the city, said on a recent episode of “The Basic Income Podcast.” “It doesn’t have a social stigma attached to it. It provides a benefit for everyone and could really help. But what we found is that a negative income tax was a more feasible approach for the District to provide a minimum income benefit.”
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