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What might be the implications for Labour and for the city, where about 20% of Labour's total membership lives and where the party has consistently gained ground in recent years, notwithstanding the mayoralties of Boris Johnson?
Stiglitz's argument has big implications for Labour – and frankly it lets all wings of the party rally around the fight against inequality which Jeremy Corbyn has set centre-stage.
Whether labour hangs on in such fashion or is brushed aside through automation, the implications for labour earnings are grim.The second big question is: in this world of rising capital stocks and income shares, what is the scarce factor, which is able to capture the benefits of economic growth?
We explored prospects of economic and working-age population growth and implications for labour migration pressure.
The result also has implications for labour market models and their calibration.
At the same time, unemployment has remained subdued in a number of Continental European countries, notably the ones that have often been labelled sclerotic in the past, such as Germany and Italy (though the current sovereign debt crisis in the Eurozone have had negative implications for labour markets in the Eurozone).
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The sooner that investors and policymakers wake up to this, the smoother the adjustment is likely to be.* "The recent decline in the labour force participation rate and its implications for potential labour supply", by Stephanie Aaronson, Bruce Fallick, Andrew Figura, Jonathan Pingle and William Wascher.
This is a profound and important fault-line with big implications for how Labour might govern that has received very little attention.
(Although there is one of the outcome of the Welsh elections and its implications for the Labour party and Plaid Cymru: hard to believe there were many readers for that in Washington).
"The committee is closely monitoring global economic and financial developments and is assessing their implications for the labour market and inflation, and for the balance of risks to the outlook," the Fed's Open Market Committee's post-meeting statement said.
The database collects information on a wide range of policy measures having implications for the labour market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com