What would be interesting would be similar data for the middle income countries. Especially China where there is now complaints regarding jobless growth for the typical white collar wannabe college graduates. The same is in India but there it exists at all levels of society. So the gap between aspirations and what is being on offer is tremendously disparate. I agree with you that better skills, problem and people matching is the only viable solution. These are still serviced by primitive CRUD databases with a front end at best.
By chance did you come across anything mentioning shifts in spending/demand when women were added to the work force? Presumably there should've been a massive increase in the number of consumers as they had more autonomy over their own spending... I assume this would appear in the data somewhere. Offsetting the increase in labor supply conundrum? Also, I would think the shift in family dynamics would impact demand side divorced couples now needing two houses two cars etc etc...
I didn't, I think it was still pretty smooth, and household size didn't decline as much to make it noticeable. Later on it did though, right now I think there's a decline of 0.5 or so per household over the decades (saying from memory might be odd)
In my experience, from a few years ago, there and whole departments which still aren’t on the computer system. Sometimes my records were printed, carried over to another department, and later reentered on the system.
The long tails are very long. And computerisation is an incredibly involved process that requires deep understanding of the existing process, which almost nobody actually has, and therefore makes it much harder.
Yes that’s why I think it’s plausible productivity gains are slower in health. This is a major hospital and I was stunned at how the system is on some ways swords than pre computer
I'm not too familiar with his work. What I've read (iirc) says his idea was to look at price adjustment + some redistribution to balance labour share with capital share of income. But I'm not sure if the methods would actually work. For instance if we were fighting against the tides of automation, there's a role here I think, if only in the form of a larger social dividend, like Alaska.
But for others where it's a supply demand imbalance created through myriad social changes (like education, increased competition in workforce etc), it won't solve the whole problem. For instance, it might help with the purchasing power issue, but not from the POV that the actual market clearing prices of wages change based on the economic composition.
That said, I might be extrapolating from my admittedly fallible memory, so do let me know if I'm off on a tangent here.
What would be interesting would be similar data for the middle income countries. Especially China where there is now complaints regarding jobless growth for the typical white collar wannabe college graduates. The same is in India but there it exists at all levels of society. So the gap between aspirations and what is being on offer is tremendously disparate. I agree with you that better skills, problem and people matching is the only viable solution. These are still serviced by primitive CRUD databases with a front end at best.
By chance did you come across anything mentioning shifts in spending/demand when women were added to the work force? Presumably there should've been a massive increase in the number of consumers as they had more autonomy over their own spending... I assume this would appear in the data somewhere. Offsetting the increase in labor supply conundrum? Also, I would think the shift in family dynamics would impact demand side divorced couples now needing two houses two cars etc etc...
I didn't, I think it was still pretty smooth, and household size didn't decline as much to make it noticeable. Later on it did though, right now I think there's a decline of 0.5 or so per household over the decades (saying from memory might be odd)
Very interesting. Thank you!
In my experience, from a few years ago, there and whole departments which still aren’t on the computer system. Sometimes my records were printed, carried over to another department, and later reentered on the system.
The long tails are very long. And computerisation is an incredibly involved process that requires deep understanding of the existing process, which almost nobody actually has, and therefore makes it much harder.
Yes that’s why I think it’s plausible productivity gains are slower in health. This is a major hospital and I was stunned at how the system is on some ways swords than pre computer
Perhaps the economic theories of Major Douglas go some way towards explaining the situation with which we are faced.
I'm not too familiar with his work. What I've read (iirc) says his idea was to look at price adjustment + some redistribution to balance labour share with capital share of income. But I'm not sure if the methods would actually work. For instance if we were fighting against the tides of automation, there's a role here I think, if only in the form of a larger social dividend, like Alaska.
But for others where it's a supply demand imbalance created through myriad social changes (like education, increased competition in workforce etc), it won't solve the whole problem. For instance, it might help with the purchasing power issue, but not from the POV that the actual market clearing prices of wages change based on the economic composition.
That said, I might be extrapolating from my admittedly fallible memory, so do let me know if I'm off on a tangent here.