Labour is riding a wave of economic growth, but what lies behind this economic success and what is in store for Malta’s economy in the future? What is happening on the ground and what do the numbers really tell us?
“The commons could be a means of breaking away from the reign of global markets.” Isles of the Left speaks with Massimo De Angelis about the inspiring experiences of commons in South America and Europe.
Robotics and AI are about to bring colossal changes to the job market. Depending on the level of your skills, your job is almost guaranteed to become replaceable within the next 15 years. Universal Basic Income could be a way forward.
There is an urgent need for resource-conserving, smart, emission-neutral production processes. But as the supply of steady employment weakens, a highly competitive labour market and a restricted welfare state would dismantle democratic achievements and enhance authoritarian trends.
It is not the first time that Malta has swiftly turned around legislation to grant a measure of order and clarity to emerging industries, creating what could be referred as a “legal certainty market”. However, this is far from risk-free.
The stakes are too high to simply carry on with the ‘growth at all costs’ mantra. It is time to implement alternatives. Let us see what post-growth could look like.
Reasons to increase the minimum wage are plenty. And some of them further prove that it is not only sensible, but also beneficial to higher income earners, who may not be morally bound to the principle of economic equity.