Is Technology Fostering a Race to the Bottom? - NYTimes.com

Is Technology Fostering a Race to the Bottom? - NYTimes.com:

 "When times are hard, they buy packs of cigarettes and sell them as singles; they find houses to clean through cousins of a cousin; they rent out bedrooms to students; they stock up on cellphone credit and peddle sidewalk calls by the minute.

It’s called the informal economy, and in much of the world it is bigger than the formal one. But it has been pushed onto the sidelines in the West, the refuge of criminals and the poor, because of labor laws, taxes, health and safety regulations and the like, which emerged to protect workers and consumers from the market’s vicissitudes and companies’ whims"



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The Gap Between The Rich And The Poor Is So Large, You Can Literally See It From Space

Disparity of rich and poor in Rio de Janeiro (Photo credit: Wikipedia)

The Gap Between The Rich And The Poor Is So Large, You Can Literally See It From Space:

 "The Gap Between The Rich And The Poor Is So Large, You Can Literally See It From Space"

{what does G-D see from heaven?}[ero]

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Related articles

• Ten States with the Worst Income Inequality

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• Rich-poor gap grew by over one-quarter in 2010

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Fury Over Facebook IPO Grows, Lawsuits Mount | Breakout - Yahoo! Finance

"They've done a lot of reputational damage to their brand, and that matters," says my co-host Jeff Macke in the attached video. He argues that the Silicon Valley company, renowned for its "thumbs-up and chums and we're all friends," has alienated its fans in a big way."




Fury Over Facebook IPO Grows, Lawsuits Mount | Breakout - Yahoo! Finance:

 "This is not how it was supposed to go. The long-awaited debut was supposed to be the fairytale ending (or beginning) to the great growth story of the modern era. Instead, it has become just one big mess that's not only an embarrassment to all parties involved but a huge distraction to a business when it is supposed to be focusing on ways to grow its revenue."



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Related articles

• How Facebook's IPO Could Impact Your Career

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• Facebook stock climbs, but company faces lawsuits - YAHOO!

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• "this should have been a blockbuster. This should have traded to $60 or $70. This should have..." (jamessiminoff.com)
• "this should have been a blockbuster. This should have traded to $60 or $70. This should have..." (rafer.net)
• The Facebook sell-off: Will shares recover? (finance.yahoo.com)
• Facebook Shares Stabilizing, But Probes Mount (usnews.com)
• Facebook IPO: lawsuits and accusations cloud the bigger issue (theverge.com)

Study: CEO Pay Increased 127 Times Faster Than Worker Pay Over Last 30 Years | ThinkProgress

Study: CEO Pay Increased 127 Times Faster Than Worker Pay Over Last 30 Years | ThinkProgress:

"Compensation for chief executives at American companies grew 15 percent in 2011 after a 28 percent rise in 2010, part of a larger trend that has seen CEO pay skyrocket over the last three decades. Workers, on the other hand, have been left behind."

'...American income inequality has skyrocketed,
growing worse than it is in countries like Pakistan and
Ivory Coast. Wealth inequality is worse than it was
even in Ancient Rome. And, as pay skyrockets and tax
rates fall for the richest Americans, the rising
inequality has left the bottom 95 percent of Americans
saddled with more debt than ever before.'

Travis WaldronThink ProgressMay 3, 2012

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Related articles

• Study: CEO Pay Increased 127 Times Faster Than Worker Pay Over Last 30 Years

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• CEO Pay Grew 127 Times Faster than Worker Pay over Last 30 Years: Study

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• CEO Pay Has Become Sort Of Less Outrageous

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• $10 million a year: the average salary of an American CEO

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• CEOs of local companies raking in the dough again

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• Study: CEO pay now 200 times more than a worker (alethonews.wordpress.com)
• How Huge Paychecks For CEOs And Wall Street Traders Increase Income Inequality (thinkprogress.org)
• Changing the channel of the economy (slideshare.net)

Walker Lies, Admits "Divide & Conquer!" - YouTube

Walker Lies, Admits "Divide & Conquer!" - YouTube: ""



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Man vs. Machine: Will Human Workers Become Obsolete? - YouTube

Man vs. Machine: Will Human Workers Become Obsolete? - YouTube: ""



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Steve Early at the Left Forum 2011 - YouTube

Steve Early at the Left Forum 2011 - YouTube: ""



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