Tag Archives: profits

Is the World Becoming Wealthier or Poorer?

The core assumption of Universal Basic Income (UBI) and other plans to redistribute wealth and income more broadly is that the world is becoming wealthier, and so the pool of income and wealth that can be taxed is always expanding. … Continue reading

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Why Profits Are Faltering

The bedrock assumption of the Bull market is that corporate profits will keep rising indefinitely. Hiccups are allowed, but current stock market valuations are implicitly based on profits expanding. The fly in the ointment here is corporate profits have been … Continue reading

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QE/ZIRP Is Crushing the Global Supply Chain, Product Quality and Profits

We all know the quality of many globally sourced products has nosedived in the past few years. I addressed this in Inflation Hidden in Plain Sight (August 2, 2016): not only is inflation (i.e. getting less quantity for your money … Continue reading

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Work Won’t Be Scarce–It’s Paid Work That Will Be Scarce

All the media chatter about work disappearing due to automation fails to draw the critical distinction between useful but unpaid work and profitable work.Since value (and profits/wages) flow to what’s scarce, what matters is not the decline of useful work–there’s … Continue reading

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How to Escape the Purgatory of Minimum Wage/Part-Time Jobs

Readers responded positively to my recent essay on the emerging economy and jobs: A Teachable Moment: to the Young Person Who Complained About Her Job/Pay at Yelp and Was Promptly Fired Many young people are stuck in the purgatory of … Continue reading

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