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Over a century ago, women in the UK weren't allowed to own property, open a bank account, or work in a legal or civil service job.
When WW1 broke out in 1914, over a million women j...
The National Health Service (NHS) was established in 1948 and is funded from general taxation. Before the NHS, people were expected to pay the hospital or a private doctor if they needed to use med...
Recessions and the lack of jobs that ensues can lead more people to pursue education. This progress also affects subsequent generations.
A more educated workforce tends to make an ...
Economic crises often purge inefficient or out-of-date structures. New entities emerge in their place.
In early 2000, the Nasdaq stock exchange crashed after years of the share prices o...
SIMILAR ARTICLES & IDEAS:
Our culture claims that work is unavoidable and natural. The idea that the world can be freed from work, wholly or in part, has been suppressed for as long as capitalism has existed.
The work ideology is not natural nor very old.
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The very threads that hold the economy seem to be getting unstuck with the virus. If the virus doesn’t affect a person directly, it can affect one economically by stopping one from going to work, m...
China is the world’s largest exporter of goods, and factory closures in the country affect global manufacturing and supply.
Apart from the very visible health costs, the economic costs of this pandemic can have far-reaching effects, leading to recession, and a global downturn.
Ultimately this is about the balance of power between East and West, with the rising superpowers, Russia and China wanting to reshape the global markets to their advantage.
For decades, we have believed that automation and huge leaps in technology will take away most of our jobs and there will be widespread unemployment.
A new study shows that this belief is inc...
The average working hours have declined only 6 percent, while income has increased at a decent rate per year.
The economy has actually grown even after automation, due to the addition of workers.
The Solow Paradox suggests that automation and computerization aren't taking our jobs, but are adding to our overall workload, taking away our leisure time.
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