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Here is our Economic News Weekend Roundup!

Shocking Aerial Photos Highlight Wealth Inequality in Cities Worldwide

This article is about Johnny Miller’s photography series Unequal Scenes. Miller uses drone photography to capture images that starkly illustrate the inequality in various locations around the world.

More Evidence That California Is Deteriorating Into a Feudal Society of Inherited Land Wealth

Read this article for details about a Los Angeles Times investigative report about the unintended consequences of a California tax law that for those inheriting family homes to continue paying property taxes based on the purchase price, not the current value.

The 2008 Financial Crisis Never Really Ended

A review of a new book by historian Adam Tooze Crashed: How a Decade of Financial Crises Changed the World.   The book analyzes and discusses the interconnectedness of world financial systems and how the U.S. pumped billions into the worldwide banking system.

“The Gig Economy: Threats and Opportunities for Workers and Employers”he Gig Economy Chalkboard New Employment Education 3d Illustration

 

 

 

 

 

Here is an interesting video of a lecture by Professor of Economics Paul Oye

Technology has disrupted the labor market in important ways, both enabling greater productivity from remote workers and displacing workers altogether. These technical changes, as well as demographic changes in society, have driven the growth of the Gig Economy. Paul Oyer, the Fred H. Merrill Professor of Economics at the GSB, will present will focus on the economic advantages for workers and firms created by flexible work arrangements, as well as the public policy and regulatory reactions ahead, as well as how strategically-minded employers should react to the changing labor market. This Stanford GSB Fall Reunion/Alumni Weekend faculty presentation was recorded on October 27, 2017.

For more on the gig economy check out our earlier blog post by Holly Wieber “Sounds Like a Pretty Good Gig, Right?”

Ten Years After the Crash

George Packer, in this New Yorker magazine article, examines the lingering effects of the 2008 crash and its impact on U.S. politics.

Economically, the country has changed surprisingly little since 2008. The big banks have returned to risky practices, and Republicans are trying to undo the Dodd-Frank reform law, which was enacted to prevent another collapse. The distribution of income and wealth in America is as lopsided as ever. Despite almost ten years of economic growth, real wages are stuck at their pre-crisis level, while corporate profits are soaring and stock prices have reached record highs. All the misshapen economic trends of the previous decade are still with us.

Welcome to Checkout-Free Retail. Don’t Mind All the Cameras

Adam Rogers examines the move towards checkout free stores and the two major players – Amazon and Zippin. The technology is advancing rapidly and employs cameras to track consumer purchases as well as enable stores to have instant access to inventory data.


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