Name: Could the pandemic lead to a fairer economy? | Rethink Sustainability
Uploaded: 2021-03-27T22:34:17.000Z
Duration: 3 min 5 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

All rich societies have been polarising for a good four

Around 1980 the good jobs that were plentiful and available

to a lot of people in the past disappeared,

Globalisation is not the big factor here.

Some factory jobs moved to Asia to other low-cost countries.

And the clerical jobs that were lost to computers,

the retail jobs that were lost to online shopping,

those have little to do with globalisation and a lot

Tax systems have not redistributed as much as

have been on the decline in one country after another.

Perhaps the worst effect of all these changes

is that entire regions have been left behind

to thrive in the big cities, not in the smaller

The pandemic hit societies that were already fragile because

The people in low paid, low productive service jobs

because they have to be physically present.

My hope is that the pandemic can be a catalyst for change.

In the past, the deepest crises have also

been opportunities for the greatest social improvements.

In the US the Great Depression led to the New Deal.

In Europe the shock of the second world war

We can do that by putting much more money

into skills, education, training to equip people for more

We need to lower the burden of taxes on labour, on work,

any tax that creates a cost for hiring people into better jobs.

Instead, let's make up the revenue elsewhere.

Wealth has increased enormously over the last 40 years

The other thing we should tax is carbon emissions to help with

climate change and penalise polluting behaviour,

then redistribute that to the whole population,

We need to overcome rising regional inequality

And the pandemic is an opportunity for that.

The shift to remote working, we have all experienced,

gives us a way to imagine how the most modern highest paid

knowledge jobs could be done from anywhere.

We have the tools and we have the policies to make economies

Subtitles ListPlay Video

Could the pandemic lead to a fairer economy? | Rethink Sustainability

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depression

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pandemic