Sunday, January 26, 2014

Fact of the Day

 Professor Sam Bowles  argues that inequality pulls production away from value creation to protecting and securing the wealthy's assets: one in five of the British workforce, for example, works as "guard labour" – in security, policing, law, surveillance and forms of IT that control and monitor. 

The higher inequality, the greater the proportion of a workforce deployed as guard workers, who generate little value and lower overall productivity.

http://www.theguardian.com/commentisfree/2013/dec/29/worlds-largest-economies-and-their-future

1 comment:

Unknown said...

Interesting -so true, but never really thought about 'guard workers' before