When this model is expanded to include other components, the profits equation shows that aggregate profits of businesses would be gross investment spending minus depreciation plus inventory investments plus corporate taxes and dividends minus the savings of the non-business sector (households), the savings of the foreign sector (current account deficit) and finally savings of the government sector (taxes less spending). This is Kalecki’s general profits equation. For the record, it is important to mention that Jerome Levy, businessman based in New York, had come up with a similar approach earlier so that the equation is often called the Kalecki-Levy Profits Equation. … [Read more...] about Policymakers need to pay attention to profits of businesses, not just sales
Needs analysis questions
Despite much progress in thinking, we did not seen action on an FRA. In Yes Bank’s AT1 case, an FRA would have been useful and could have been challenged as well. An FRA might have been in a better position to handle these cases and would have put less burden on the RBI and SEBI and even courts. However, then as luck would have it, the plan to establish an FRA was delayed and the brunt is being faced by retail investors. Time to relook at the idea of an FRA and introduce the agency as soon as possible. … [Read more...] about Yes Bank | Why is a Financial Redressal Agency missing when it is needed most?
Decline to use discretion for annual compensation adjustments If you are a manager who has been given “discretion” to make annual pay increases or new equity grants, graciously decline to exercise that discretion. Ask how your HR team made their compensation recommendation, and, if you believe it was unbiased, follow it. If you have a slush fund, allocate it algorithmically. For example, you could consider prorating any additional cash budget based on base pay, or on the midpoint of the employees’ compensation bands. Ask the HR team or compensation team for help doing this. Explain to other managers that this and other types of discretion are ongoing sources of bias and systemic underpayment of Black employees. … [Read more...] about Pay Black employees based on their performance, not your bias
As though finding a job in another country wasn’t nerve-wracking enough, I was worried what hiring managers would think about the fact that I didn’t land that brand manager title. But it didn’t take long to discover that most cared more about my former experience than my former job title. Not earning that promotion didn’t stop me from landing my next job within a few weeks at Gü, a luxury desserts startup in London. Once I realized my job title didn’t define me, I no longer felt at the mercy of it, which was handy at a startup, where titles truly don’t matter. … [Read more...] about I Made Three Big Career Changes In A Row–Here’s What I Learned Each Time
While the companies won’t disclose exactly how their algorithms work, we do know that engagement is one of the most important signals their platforms rely upon to judge how widely to distribute content. The more reactions, comments, and shares a post on Facebook receives, the more users it will reach. The same is true for Twitter, where, due to its decision to ban all political advertising, the only way for candidates to reach more voters is through likes and retweets. The more extreme a candidate’s message is, the more likely it is to provoke emotional reactions, both positive and negative, which results in more engagement and reach. … [Read more...] about There’s a simple way to reduce extreme political rhetoric on Facebook and Twitter