On today’s show: Incoming TRNN Executive Director John Duda, PERI Gender and Care Work Program economist Katherine Moos, and Economic Update host and founder of Democracy at Work Richard Wolff. Hosted by Kim Brown.
** (Disclaimer: This video content is intended for educational and informational purposes only) **
“Only about 30 million Americans [10%] have good jobs [that provide middle class income and benefits like health insurance]” – CBS News
“44% [60% in rural/southern states] of U.S. workers are employed in low-wage jobs” – CBS News
https://www.cbsnews.com/news/minimum-wage-2019-almost-half-of-all-americans-work-in-low-wage-jobs/
https://www.epi.org/productivity-pay-gap/
https://www.economist.com/graphic-detail/2018/02/14/americans-overestimate-social-mobility-in-their-country
https://www.forbes.com/sites/aparnamathur/2018/07/16/the-u-s-does-poorly-on-yet-another-metric-of-economic-mobility/#5daa09386a7b
https://www.weforum.org/agenda/2018/02/why-america-is-stuck-in-its-own-dream
https://www.businessinsider.com/social-mobility-is-on-the-decline-and-with-it-american-dream-2017-7
https://www.businessinsider.com/us-economy-gdp-workers-middle-class-less-income-wages-2020-2
https://www.forbes.com/sites/jessecolombo/2019/02/28/americas-wealth-inequality-is-at-roaring-twenties-levels/#3131353b2a9c
https://money.cnn.com/2018/05/22/pf/emergency-expenses-household-finances/index.html
https://www.businessinsider.com/median-us-worker-salaries-could-have-been-102000-without-inequality-2020-9
Shining down like a water
In the UK, Wages hasn't gone up for about 20years, and now you got to work 12 hours instead of 8 for the same pay. CRIMINAL!
Kim, It is much appreciated that you have refined/toned-down the language used in the Stir Crazy episodes. We would tend to lose much of your audience if you had continued with the "Getto talk" using cuss words/unrefined language like the ''S__T", F__K words. The speakers you choose like this one are excellent. I love this program and hope more people do! ! !
There would be no such thing as unemployment in a world that made it financially worthwhile for people to share the jobs we NEED people to do and work LESS. ..it can't do any harm to work LESS if all the jobs/work we NEED to have done is being done.
Wow Richard Wolff makes tons of sense.
Black people need reparations now. The government is giving out $$$ to groups the don't owe. The debt is the debt pay us reparations ados101.com
What is the answer to the economic crisis when greed in excess is embedded like a tool in the minds of the rich and powerful ? The premise of their Religious believe or Politics carry’s no sense of morality or for humanity. How can you reach their heart’s and tame their beast full minds?
Why has no one mentioned that this virus could have been purposely put out on the world for the purpose of "population control?" Personally, i believe that every significant event that's happened since the election of George W Bush , has been planned. America has been planning for world dominance for 40 years, they just never had the key players in powerful positions before. In 2000, the minute the Supreme Court gave the presidency to George, the puzzle was complete!
The first task was to blow up the WTC buildings in NY and blame the attacks on terrorists from the Middle East. This was their pretense for going to war. Once there, they would destroy that part of the world for the purpose of stealing their natural resources.
As China grew in both military might and economics, the US needed to stop them. So, it's not hard for me at least to believe the US put out this Biological Weapon to keep China down. I know, hard to believe right? Well, not really. America has used Nuclear weapons in the past against Japan, and attacked itself on 9/11 so, i have no trouble believing America can do this. Finally, America does not care about its people and killing several million of us is no big deal! Again, how come no one is talking about these possibilities?
Since Greece is a harbinger of the neoliberal heist that awaits all nations, let me expound on this metacrime. The owners don't care about debt remuneration,, since the Federal Reserve could monetize it with a few keystrokes without causing a whit of inflation. Germany did this by conjuring vapor liquidity on a computer to rob Greece of of its tangible assets, such as gold, seaports, ancient artifacts, and rent-generating infrastructure like toll bridges, The nation's public wealth was extracted by private hands. All with money made out of thin air. In street terms, it was a sovereign smash and grab.
Austerity is a racket. It structurally yields an economic depression from which mom and pop cannot survive this attrition warfare, plus, bigger prey are devalued so private-equity predators can pay fire-sale prices. This isn't even vile capitalism; it's inverted mercantilism that militates against risks by arbitraging slave labor, currencies and regulations. Monopolist moochers always play third-world production against America's preferential corporate welfare such as interest-free money, multilateral aid, and lethal power of state. I hope this doesn't come off as pedantic but it began in the late Sixties and was structurally iimplemented throughout the Seventies and beyond. Largely before you were born Kim.
I was hoping for real news… but we got an upset black women with a shit load of opinions.
And Steve Keen and Michael Hudson say, look at the bond market and asset price inflation.
The focus on the stock market is actually quite offensive. Hedge funds are not the sweat and tears economy. Tan Liu even goes further.
I think we're seeing that the republican party is quickly becoming even more so, the party of evil.
Great piece. Thanks for putting together such a dynamic panel.
Wolff 👍
#REPARATIONS for the descendants of enslaved black people in America are over due!
Nice thumbnail
I like John he's no Paul Jay but he seems like a good dude!
Best news media so far, wonder if there’s more