Lee is at the head: Hong Kong is not peaceful in the coming years – Li Shimin | Apple Daily | Financial Real Estate



In this column on Monday, the annual meeting of the governor of the Jackson Hole central bank, the theme is the market influence of the giant enterprise and the Internet economy: technology replaces manpower, that is, the return of capital returns, higher than the increase of labor compensation, gradually It has become a common phenomenon all over the world and even forms various social pressures.
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Of course, the most straightforward thinking is to believe that limiting mergers and acquisitions through various competition laws can naturally balance the bargaining power between capitalists and employees. However, some studies have shown that the market is more concentrated and does not mean that competition is weakening. At the end of last year, the famous economist Carl Shapiro published an article 'Antitrust in the age of populism', in which he said that in this sense-guided time and space the anti-monopoly law is likely to be disrupted, and related mandatory behavior also It may not be able to guarantee competition on the market and does not solve different social problems.
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The main reason for the replacement of labor is the development of different automation technologies. At the same time, economists who have studied the labor market have found that one of the most likely reasons for explaining the rise in asset prices relative to wage growth is that capital market participants are in a state of flooding because of the "shares back". "Buying" raises the share price and aims for return in the short term, but in the long term these capital market activities do not have a clear significance for real growth, so there is no "drop effect". At the lowest level of the value chain, there is of course no advantage.
from

Behind these phenomena lies the core of the matter, namely how standardization of interest rates will influence the development of capital markets and the real economy. Port labor philosopher Eric Hoffer once said that the most feared change in society is often not the richest group of people, because they always have the means to protect themselves, and at the lowest level there is nothing to lose. That is why the middle class is often the most fearful in the age of change. If it seems that Hong Kong, the backbone of the middle, will be difficult to settle in the coming years.

Li Shimin
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http://fb.com/leesimon.hk
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This column is published every Tuesday and Thursday.


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Lee is at the head: Hong Kong is not peaceful in the coming years – Li Shimin | Apple Daily | Financial Real Estate



In this column on Monday, the annual meeting of the governor of the Jackson Hole central bank, the theme is the market influence of the giant enterprise and the Internet economy: technology replaces manpower, that is, the return of capital returns, higher than the increase of labor compensation, gradually It has become a common phenomenon all over the world and even forms various social pressures.
from

Of course, the most straightforward thinking is to believe that limiting mergers and acquisitions through various competition laws can naturally balance the bargaining power between capitalists and employees. However, some studies have shown that the market is more concentrated and does not mean that competition is weakening. At the end of last year, the famous economist Carl Shapiro published an article 'Antitrust in the age of populism', in which he said that in this sense-guided time and space the anti-monopoly law is likely to be disrupted, and related mandatory behavior also It may not be able to guarantee competition on the market and does not solve different social problems.
from

The main reason for the replacement of labor is the development of different automation technologies. At the same time, economists who have studied the labor market have found that one of the most likely reasons for explaining the rise in asset prices relative to wage growth is that capital market participants are in a state of flooding because of the "shares back". "Buying" raises the share price and aims for return in the short term, but in the long term these capital market activities do not have a clear significance for real growth, so there is no "drop effect". At the lowest level of the value chain, there is of course no advantage.
from

Behind these phenomena lies the core of the matter, namely how standardization of interest rates will influence the development of capital markets and the real economy. Port labor philosopher Eric Hoffer once said that the most feared change in society is often not the richest group of people, because they always have the means to protect themselves, and at the lowest level there is nothing to lose. That is why the middle class is often the most fearful in the age of change. If it seems that Hong Kong, the backbone of the middle, will be difficult to settle in the coming years.

Li Shimin
from

http://fb.com/leesimon.hk
from

This column is published every Tuesday and Thursday.


Source link

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