How The Economy Is Rigged Against Basic Income

How irrelevance of basic income out of industry 4.0 in Indonesia based on historical and modern slavery. I recommend to begin with recollect understanding about humanity and dignity as the basic of all creativities , ideas, technologies that exchange with human desires over job and income.
First presented for Basic Income Bootcamp 2020 at Basic Income Lab Universitas Indonesia.

Transcript

1. Ilustrasi(KOMPAS/JITET) Imanzah Nurhidayat Tenaga Ahli WHY INDUSTRY 4.0 STOPPED MATTERING IN INDONESIA OR HOW THE ECONOMY IS RIGGED AGAINST BASIC INCOME
2. MARKET DESIGNER
3. INDUSTRY 4.0 AS WE ALL KNOW
4. POINT OF NO BASIC INCOME HOW DOES BASIC INCOME END UP IN AS DENIAL ABOUT MODERN SLAVERY.
5. WHERE DOES INDUSTRY 4.0 COME FROM
6. LABOR SHARES 2 common wisdom is that there has been a global and gradual decline in the labor share over the past 30 or 40 years. For instance, Grossman et al. (2017) motivate their recent paper by writing that “unlike several of the other explanations for the decline in the labor share, ours does not rely on considerations that are specific to the United States. The shift in aggregate factor shares has been seen in the data for many countries, especially among the advanced countries.” Figure: Labor share – In % of the value added A – France 40 45 50 55 60 65 70 75 80 Total economy Business sector Business sector excluding real estate services Business sector excluding self- employment correction Non financial companies B – United States 40 45 50 55 60 65 70 75 80 Total economy Business sector Business sector excluding real estate services Business sector excluding self-employment correction Non financial companies Sources: Author’s calculation from national accounts. We emphasize three important biases that have plagued the existing literature: (i) start and end periods for the empirical analysis; (ii) accounting for self-employment; and (iii) Labor Shares in Some Advanced Economies Gilbert Cette1, Lorraine Koehl2& Thomas Philippon3 September 2019, WP # 727 ABSTRACT We study the joint impact of three measurement issues in the empirical literature on the labor share: (i) start and end periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. When we correct for these three potential biases, we do not find a general decline in the labor share in our sample of advanced economies. In that respect the behavior of the US labor share after 2000 presents a puzzle. Keywords: labor share, labor cost, value added sharing JEL classification: D33, D24, J33 1 Banque de France et Aix-Marseille School of Economics (AMSE), gilbert.cette@banque-france.fr; 2 INSEE, lorraine.koehl@insee.fr; 3 New York University, tphilipp@stern.nyu.edu. The views expressed in this paper are the authors' and do not necessarily reflect those of their institutions. This document is available on publications.banque-france.fr/en
7. LABOR SHARES Labor Shares in Some Advanced Economies Gilbert Cette1, Lorraine Koehl2& Thomas Philippon3 September 2019, WP # 727 ABSTRACT We study the joint impact of three measurement issues in the empirical literature on the labor share: (i) start and end periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income. When we correct for these three potential biases, we do not find a general decline in the labor share in our sample of advanced economies. In that respect the behavior of the US labor share after 2000 presents a puzzle. Keywords: labor share, labor cost, value added sharing JEL classification: D33, D24, J33 1 Banque de France et Aix-Marseille School of Economics (AMSE), gilbert.cette@banque-france.fr; 2 INSEE, lorraine.koehl@insee.fr; 3 New York University, tphilipp@stern.nyu.edu. The views expressed in this paper are the authors' and do not necessarily reflect those of their institutions. This document is available on publications.banque-france.fr/en = 1 − The labor share can decline because of higher markups (μ ↗) or because of capital bias technology (α ↗). When ≠ 1, changes in factor prices also affect the labor share. Karabarbounis and Neiman (2014) assume that > 1 and argue that R has decreased. In that case the increase in W/R implies a large demand for K relative to N and a drop in the labor share. There are three issues with this explanation. One issue is that empirical estimates of the substitution elasticity usually find values in the range of 0.4-0.8 (see for instance the literature survey and original estimates on plant level US data from Oberfield and Raval, 2014, or Raval, 2019, or the recent meta-analysis from Knoblach et al., 2019, using estimates from 77 studies on the US economy). The empirical consensus is a value below one for the elasticity of substitution. This elasticity might hide important heterogeneity across workers, however. In particular, capital might be a better substitute for unskilled labor than for skilled labor, which means that the Karabarbounis-Neiman argument might still be relevant even if the average elasticity is below one. The second issue is that the timing of the decrease in the relative price of investment does not
8. MARKET FAILURES - INDONESIA WHAT STOPPED UMKM? • 63 juta UMKM • 78% tumbang di tahun pertama • 60,34% kontribusi UMKM pada PDB • 1.7 juta bangkrut (2013-2018) •
9. WHAT STOPPED INDONESIA BECOMING ANOTHER GORBACHEV IF GORBY FAILED, WHAT ABOUT OUR (INDONESIA) INDUSTRY 4.0 ?
10. WHERE SHOULD (BASIC INCOME) WE BE GOING? FREEING PEOPLE FROM DEPENDING ON JOBS & MONEY Data Permintaan Konsumen Sokoguru UKM Nasional Trust • Pelatihan digital marketing (Vlog, Influencer) • Pelatihan admin online shop • Standarisasi dan Merek bersama • Riset zonasi dari potensi desa dan desa sebelahnya Solidarity • Group buying • Preorder event • Sentra produksi bersama • Koperasi Produksi Fairness • Diskusi harga pangan strategis nasional (PIHPS) Bank Indonesia. • Sampling days • Diskusi harga pangan strategis nasional (PIHPS) Bank Indonesia. • Ases ke pasar ekspor Trading House Infrastructure
11. PERSONHOOD
12. EMANCIPATION
13. DIGNITY
14. INDUSTRY 5.0 COMMON GOODS @ SMESCO Foodlab Garage Leather Future Compound Furniture Craft Jewellery Sellers UKM Buyers Product Catalogue Financing Governance Payment Gateway Logistic Partner Desa Technology Data Consolidated COMMON Smesco Global Trade Show Koperasi Channeling LPDB Koperasi Localism Growth Trading House Infrastructure
15. FREEING PEOPLE FROM DEPENDING ON JOBS & MONEY
16. THANK YOU