Historically, inequality never dies peacefully. Can we reverse the trend of history or are we doomed to repeat it?
All in Policy
Historically, inequality never dies peacefully. Can we reverse the trend of history or are we doomed to repeat it?
No true change and reform is straightforward. But markets, in almost all cases, prefer stability and the status quo – what is going on in Malaysia may be anathema to markets.
The government needs to play its part by allowing the rakyat to have a level playing field when it comes to data and facts.
Highly paid foreign workers (interchangeable with expatriates) do not consume the same things that the median Malaysian consumes.
We can presume that as machine intelligence continues to grow exponentially, especially when it can learn on its own, the threat of machines to human jobs is more and more imminent.
In the circumstance of limited resources, can we not envisage a way in which the JPA scholarship allocation could be stretched further?
I do not – or at least I try my best not to – choose topics because of strong emotional reactions. This column is different.
A world without unemployment is not as radical as we might think. A policy is already in the works to enable such a world, breaking the link between jobs and livelihood.
If we fail to understand and empathise with those who do not see things the way we do, especially if they are the majority, we create a society that is not sustainable.
Do we do certain things because we are a product of our environment, regardless of whether that thing we do leads us to optimal or suboptimal outcomes?
Hyperbolic discounting happens because we consider the future as far less salient than the present. Figuring out if we ourselves are hyperbolic discounters may change what we think about whether we should withdraw our money at 55 or at 60.
The reason the counterfactual is important to know in any empirical research project, especially in the social sciences, is that it gives us a basis in which to compare outcomes of policy.