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2 episodes with wage stagnation
2 episodes with wage stagnation
2 episodes with wage stagnation
For decades, conservatives treated unions like an economic flu—tolerable in small doses, but best avoided altogether. But starting with Trump's election in 2016, that narrative began to unravel, with prominent Republicans increasingly taking pro-union positions.Perhaps the most striking example was Teamsters President Sean O'Brien speaking at the 2024 Republican National Convention. Despite both parties courting working class voters, union membership has cratered to just 10%, down from over 20% in the early '80s.This puts the Trump administration in an interesting position. The old conservative playbook misses that many workers fueling this movement are now Republican voters. The question isn't just whether conservatives should oppose unions, but whether they can afford to.Joining today is Liya Palagashvili, Senior Research Fellow at the Mercatus Center, whose new paper "Do More Powerful Unions Generate Better Pro-Worker Outcomes?" examines these questions and argues for a moderate stance on unions.
My guest today for the second time is Mark Dow. Mark is one of my favourite thinkers on Macro, and his experience at the IMF, the US Treasury, and Wall Street gives him a truly unique perspective for the current moment. As we went through one of the biggest market and policy upheavals of my career, I reached out to Mark to help us make sense of this situation. We recorded this episode on Thursday, the 10th of April, and talked about the general principle behind tariffs, the global trading system, the goals of President Trump, and the market reaction. Please enjoy this conversation with Mark Dow. For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE. ----- Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @makingmkts | @ericgoldenx Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Invest Like the Best (00:00:07) Understanding Tariffs: Historical Context and Rationale (00:01:05) China's Role in Global Trade (00:01:54) Impact of Automation on Jobs (00:03:07) Trump's Trade Policies and Their Implications (00:04:20) Challenges with Current Tariff Approaches (00:05:37) Global Trade Imbalances and Misconceptions (00:06:07) Market Reactions and Economic Consequences (00:21:35) Political Shifts and Economic Policies (00:25:56) Trump's Economic Policies and Wage Stagnation (00:26:42) Tariffs and Their Impact on Small Businesses (00:27:20) Market Reactions and Economic Surprises (00:28:41) Equity and Credit Market Dynamics (00:30:59) China's Strategic Moves and Market Implications (00:33:49) The Fed's Role in Economic Stability (00:39:00) Global Trade Relations and Soft Power (00:49:08) Negotiating with Trump: Strategies and Challenges Learn more about your ad choices. Visit megaphone.fm/adchoices
The ‘80s haven't gone away. Forty years later, policies to prop up the super-rich are still going strong. Lori Wilson reads How the 1980s Engineered the Collapse of the Working Class About AMIAMI is a not-for-profit media company that entertains, informs and empowers Canadians who are blind or partially sighted. Operating three broadcast services, AMI-tv and AMI-audio in English and AMI-télé in French, AMI's vision is to establish and support a voice for Canadians with disabilities, representing their interests, concerns and values through inclusion, representation, accessible media, reflection, representation and portrayal.Find more great AMI Original Content on AMI+Learn more at AMI.caConnect with Accessible Media Inc. online:X /Twitter @AccessibleMediaInstagram @AccessibleMediaInc / @AMI-audioFacebook at @AccessibleMediaIncTikTok @AccessibleMediaIncEmail feedback@ami.ca
Associated Links: Support unbanked/underbanked regions of the world by joining the "at home in my head" Kiva team at https://www.kiva.org/team/at_home_in_my_head Blog Link: https://harrisees.wordpress.com Youtube: https://www.youtube.com/channel/UCoS6H2R1Or4MtabrkofdOMw Mastodon: https://universeodon.com/@athomeinmyhead Paypal: http://paypal.me/athomeinmyhead Citations for this Episode: PBS: Slavery by Another Namehttps://www.pbs.org/tpt/slavery-by-another-name/themes/company-towns The Rise and Fall of Company Townshttps://www.richmondfed.org/publications/research/econ_focus/2023/q3_economic_history Social Welfare History Project: Company Towns 1880s to 1935https://socialwelfare.library.vcu.edu/organizations/labor/company-towns-1890s-to-1935 Wage Stagnation in 9 chartshttps://www.epi.org/publication/charting-wage-stagnation/ Hershey, PA — Too Sweet to be True?https://chocolateclass.wordpress.com/2018/03/17/hershey-pa-too-sweet-to-be-true/ Smithsonian: America's Company Towns, Then and Nowhttps://www.smithsonianmag.com/travel/americas-company-towns-then-and-now-180956382 Pacific Junction, IAhttps://en.wikipedia.org/wiki/Pacific_Junction,_Iowa Burlington Railroad Strike of 1888https://en.wikipedia.org/wiki/Burlington_railroad_strike_of_1888 Google and Facebook are Building the Ultimate Company Perk: Housinghttps://medium.com/cxo-magazine/google-and-facebook-are-building-the-ultimate-perk-housing-3ec8ba3c4f6b History: The Pullman Porters Unionhttps://www.history.com/topics/black-history/pullman-porters Music Credits: “Wishful Thinking” – Dan Lebowitz:https://www.youtube.com/channel/UCOg3zLw7St5V4N7O8HSoQRA --- Support this podcast: https://podcasters.spotify.com/pod/show/tracie-harris/support
Exploring Wage Stagnation, Income Inequality, and their Impact on the Blue-Collar WorkforceBrad and Steve, dissect the far-reaching effects of wage inflation and stagnation, pointing out how it goes beyond just the pocket, affecting growth and causing friction for business owners. We also shed light on the surprising social issue that degree holders might earn less than their non-degree counterparts.What if your hard-earned degree isn't translating into the paycheck you anticipated?Do current strategies to address wage inflation and income inequality hold the key to economic mobility for blue-collar workers? This episode offers a deep dive into these pressing issues and potential resolutions, providing a fresh perspective on the evolving blue-collar landscape.Highlights:1:37- What's actually happening with pay and inflation. 3:57 - Why you need to have an actual conversation with your workforce around expectations of increases/bonuses? 5:43 - The social issue around Blue Collar workers making more than their degree holding peers. 8:41 - When new employees/interns make almost as much as veteran employees. Steve Doyle:WebsiteLinkedInEmailBrad Herda:WebsiteLinkedInEmailThis podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
In this episode, I share 8 tips on managing the cost of living crisis and wage stagnation in a way that goes beyond just spending less (though I do address some ways of doing that!). Highlights: the importance of focusing on OUR situation, not the widespread panic widening the gap between your income and expenses changing payment dates where to get financial help if you're experiencing hardship Mentioned in this episode: ASIC Financial Hardship: https://moneysmart.gov.au/managing-debt/financial-hardship Financial Rights Resource Centre: https://financialrights.org.au/ Podcast Episode 10 Ways to Make Extra Money Fast: https://podcasts.apple.com/au/podcast/bonus-10-ways-to-make-extra-money-fast/id1573560175?i=1000575620777 Sign up to my weekly newsletter and get a free copy of my Financial Values workbook! www.thebrokegeneration.com/subscribe See omnystudio.com/listener for privacy information.
New research finds that bosses who went to business school pay their workers less. So what are M.B.A. programs teaching — and should they stop?
Economist Fatih Guvenen joins Allison Schrager to discuss his research into some of the most pressing issues facing the American economy—from wage stagnation to income risk—and how the use of big data can demystify the nation's economic challenges.
It was Avin's turn to pick. He had five articles and we whittled it down to three. Enjoy.
This episode was first broadcast on Radio Blue Mountains 89.1FM on 29/4/2022. Rights, Rorts and Rants is broadcast from 4pm to 6pm on 89.1FM or can be live streamed from rbm.org.au. If you'd like to add to the discussion, you can leave an audio comment about our show, which may be added to one of our podcasts..Apply to be a guest on our show. Join BMUC. Join a union - 1300 486 466 or join online. Disclaimer: We seek a range of perspectives but that means that views expressed in these podcasts are not necessarily endorsed by the Blue Mountains Unions Council Inc. --- Send in a voice message: https://anchor.fm/rightsrortsandrants/message
Based bugs.Sources:1) Wage Stagnation in Nine Charts2) Fear of Losing Health Insurance Keeps 1 in 6 in Their Jobs Music:Time of Your Life - A Bug's Life OST
TOPICS by TIMECODE 2:02 Ted Cruz defending the Davos-linked CEO of Southwest on mandates is just the latest example of why GOP will only point to Democrats and do NOTHING to defend your liberty 6:42 “High Class Problem”? Elites are Doing Fine as USA Turns Into Banana Republic. Massive (10,000) strike at John Deere over stagnant wages as inflation soars and wealth concentrates even more into the 0.1%. And if supply chain chaos and inflation weren't bad enough, Biden threatens the 15% to 30% of unvaxed with unemployment. Here's what's happening with food, gas, energy — by design 56:08 Pilots, Vaccines, Plane Crashes & Injecting 5 YEAR Olds. As Fauci is asked on CSPAN about adverse effects and LONG term risks, he says “rare, very rare”. Yet the chief technical pilot for Boeing's 737 MAX was just indicted for 6 counts of fraud for deceiving safety regulators at FAA when only 2 planes crashed out of 8,600 flights. It was “very rare”. Why are we forcing pilots to get injected? Kids down to the age of 5 are next & Canadian province plans to inject ALL kids down to the age of 5 1:07:02 INTERVIEW: Gitmo in the Heartland: America's “Communication Management Units” CMU. The prisons were built for “terrorists”. But along the terrorists are “domestic terrorists” — dissenters and political prisoners — railroaded by a corrupt justice system, now held incommunicado. The wife of one prisoner, Dana Gottesfeld, joins. FreeMartyG.com 1:29:28 Biden White House tells state Governors in a private call to get ready to give the experimental TrumpShots to kids down to the age of 5. They've already manufactured 65 MILLION kid-sized doses BEFORE FDA “approval” — just like Trump 1:42:17 John Deere strike, 10,000 workers strike over wage stagnation. We've only seen this concentration in wealth once before in history… 1:51:32 Gallup poll shows Americans reverting back to wanting less govt — except for Democrats. Yet mainstream media pushes hatred of the unvaxed — says Republicans hate unvaxed more than Democrats? 2:01:22 Former George W Bush speechwriter, now a Democrat, wants to run for Lt Gov on gun control — in TEXAS! Concealed carry permits are skyrocketing in most states 2:07:00 Biden's Marxist (literally) pick for top banking regulator, refuses to release her thesis “Karl Marx's Economic Analysis and the Theory of Revolution in the Capital” Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation through Zelle: @DavidKnightShow@protonmail.com Cash App at: $davidknightshow BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Mail: David Knight POB 1323 Elgin, TX 78621
TOPICS by TIMECODE2:02 Ted Cruz defending the Davos-linked CEO of Southwest on mandates is just the latest example of why GOP will only point to Democrats and do NOTHING to defend your liberty6:42 “High Class Problem”? Elites are Doing Fine as USA Turns Into Banana Republic. Massive (10,000) strike at John Deere over stagnant wages as inflation soars and wealth concentrates even more into the 0.1%. And if supply chain chaos and inflation weren't bad enough, Biden threatens the 15% to 30% of unvaxed with unemployment. Here's what's happening with food, gas, energy — by design56:08 Pilots, Vaccines, Plane Crashes & Injecting 5 YEAR Olds. As Fauci is asked on CSPAN about adverse effects and LONG term risks, he says “rare, very rare”. Yet the chief technical pilot for Boeing's 737 MAX was just indicted for 6 counts of fraud for deceiving safety regulators at FAA when only 2 planes crashed out of 8,600 flights. It was “very rare”. Why are we forcing pilots to get injected? Kids down to the age of 5 are next & Canadian province plans to inject ALL kids down to the age of 51:07:02 INTERVIEW: Gitmo in the Heartland: America's “Communication Management Units” CMU. The prisons were built for “terrorists”. But along the terrorists are “domestic terrorists” — dissenters and political prisoners — railroaded by a corrupt justice system, now held incommunicado. The wife of one prisoner, Dana Gottesfeld, joins. FreeMartyG.com1:29:28 Biden White House tells state Governors in a private call to get ready to give the experimental TrumpShots to kids down to the age of 5. They've already manufactured 65 MILLION kid-sized doses BEFORE FDA “approval” — just like Trump1:42:17 John Deere strike, 10,000 workers strike over wage stagnation. We've only seen this concentration in wealth once before in history…1:51:32 Gallup poll shows Americans reverting back to wanting less govt — except for Democrats. Yet mainstream media pushes hatred of the unvaxed — says Republicans hate unvaxed more than Democrats?2:01:22 Former George W Bush speechwriter, now a Democrat, wants to run for Lt Gov on gun control — in TEXAS! Concealed carry permits are skyrocketing in most states2:07:00 Biden's Marxist (literally) pick for top banking regulator, refuses to release her thesis “Karl Marx's Economic Analysis and the Theory of Revolution in the Capital”Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail: David Knight POB 1323 Elgin, TX 78621
What is technology's role in wage stagnation? Are market power and the skewed distribution of wealth cyclical in nature? Does Antitrust need to change? Roshan Kanesan explores all this and more with economist Jan Eeeckhout - Author of "The Profit Paradox: How Thriving Firms Threaten the Future of Work" Image Credit: Shutterstock.com
Unions are angry that the new funding didn't include any pay rises for the aged care workforce - many of whom are on as little as $20 to $23 dollars an hour. There also won't be any wage increases across the general workforce for at least the next four years, despite the Government's plan to drive down unemployment to below five per cent.
It's an issue that's come to the fore in the face of the coronavirus crisis: almost 700,000 more people* in the UK have been driven into poverty over the last year, including 120,000 children. Images of tuna in moneybags, quartered peppers and a thumb's length of wizened carrot took social media by force just months ago, exposing the government's failure to adequately provide free school meals for many of those eligible children. Author: Sumaiya Ahmed Category: POLITICS Listen to the full story, or read it online - also available in Easy Read. For more Politics-related stories, head to https://www.thespillmag.com/politics --- Send in a voice message: https://anchor.fm/thespillmag/message
On this episode of Fault Lines, hosts Jamarl Thomas and Shane Stranahan discuss the headlines that include, the ongoing debate about minimum wage in the US, The Nord Stream 2 pipeline, Myanmar and immigration.Guests:Mark Frost – Economist, Professor and much more | Wage StagnationPeter Oliver – EU Correspondent for RT International | German Local ElectionsKJ Noh – Political Analyst and writer | Myanmar Update Kim Iverson – Host of the Kim Iversen Show | Immigration under BidenThe Covid Relief bill has passed with no increase in minimum wage. Mark Frost joins the show to discuss the ongoing debate on whether or not a national increase is needed. The Nord Stream 2 pipeline will transport natural gas from Russia into the European Union. Peter Oliver discusses the details behind this transport and the U.S. sanctions placed upon it. He continues the conversation to discuss the German elections. Myanmar protests are facing an increased amount of violence from following the 1 February coup. Political analyst KJ Noh, gives an update on the ongoing battle and needed action from the international community. The Biden administration has been responsible for many immigration policy changes since taking office as the amount of people at the border increases. Kim Iverson talks more on the policy of immigration under the Biden administration and why so many unaccompanied minors have continued to show up at the border.
For most Australians, it has been quite a while since the last substantial pay rise. Why? When is it likely to change? Despite wage stagnation, some digital tech jobs are commanding premium salaries. Plus, behind the latest economic figures with Alan Kohler.Guests: Suzanne Steele, Managing Director, Adobe Australia. Also founder of Skills FinderAlison Pennington, Senior Economist, Centre for Future Work, Australia InstitutePaul, employee at air conditioning manufacturing firmChi Tran, General Market Data and Analytics Leader, MercerAlan Kohler, ABC presenter
Redlining, discriminatory lending practices, public housing, subprime mortgage crisis and state backed violence against black people. Learn all you ever wanted to know about ongoing segregation of black Americans in the United States. This is the global black history podcast one part episode to help you better contextualize the struggle for housing equity in the United States and the decades of legal segregation against African Americans. I make a few jokes too. SUBSCRIBE and follow for a new weekly podcast.Find me on twitter:www.twitter.com/blkhistorypodALL music by the talented Pres Morris:Twitter: www.twitter.com/pres_morrisradiofreeglobe.bandcamp.comSources: Florida Couple Home Appraisal Storyhttps://thehill.com/policy/finance/housing/513770-florida-couple-says-home-was-appraised-for-40-percent-higher-afterComplete Civil Rights Act July 2 1964 https://www.senate.gov/artandhistory/history/resources/pdf/CivilRightsActOf1964.pdfCivil Rights Act & Desegregationhttps://guides.ll.georgetown.edu/c.php?g=592919&p=4172700Economic Policy Institute: School Segregation (2020)https://www.epi.org/publication/schools-are-still-segregated-and-black-children-are-paying-a-price/Urban Dictionary: Section 8 Housing Definitionhttps://www.urbandictionary.com/define.php?term=section%208%20housingSegregation in U.S. Cities (2020)https://www.washingtonpost.com/graphics/2018/national/segregation-us-cities/Wage Stagnation in the United Stateshttps://www.epi.org/publication/charting-wage-stagnation/Details on Harold Ickeshttps://www.britannica.com/biography/Harold-L-IckesReverse Redlining Sourcehttps://morningconsult.com/2020/07/23/black-consumers-payday-loan-banking-services/Redlining Detailshttps://www.federalreserve.gov/boarddocs/supmanual/cch/fair_lend_fhact.pdfBooks:Evicted by Matthew DesmondThe Color of Law by Richard RothsteinHow To Kill A City by P.E. Moscowitz
Live in 40 mion. -- Yaron Brook Show: Do Covid, Insulin Prices, Wage Stagnation Prove That Capitalism Failed?Like what you hear? Like, share, and subscribe to stay updated on new videos and help promote the Yaron Brook Show: http://youtube.com/ybrookBecome a sponsor to get exclusive access and help create more videos like this: http://yaronbrookshow.com/supportOr make a one-time donation: http://paypal.me/yaronbrookshow.Continue the discussion by following Yaron on Twitter (http://twitter.com/yaronbrook) and Facebook (http://facebook.com/ybrook). Want to learn more about Ayn Rand and Objectivism? Visit the Ayn Rand Institute: http://ari.aynrand.org
Low-skilled workers are concentrated in sectors with fast productivity growth, so why isn't their pay rising? Rachel Ngai tell Tim Phillips that one explanation is in how low-skilled workers are reallocated between different sectors.
In this episode, Heather talks about capitalism, wage stagnation, and human happiness. Email wunjocoaching@gmail.com with any questions. For daily texts please go to https://www.wunjostrategies.com/texts.html For other links mentioned in the show please go to https://linktr.ee/HeatherWylie Wage Stagnation Charts: https://www.epi.org/publication/charting-wage-stagnation/ Women are paid less than men: https://leanin.org/equal-pay-data-about-the-gender-pay-gap Music in this episode is by Kevin MacLeod used under a Creative Commons license. This podcast is produced and engineered by Heather Wylie. Glitter Blast by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4707-glitter-blast License: http://creativecommons.org/licenses/by/4.0/ --- Support this podcast: https://podcasters.spotify.com/pod/show/heather2685/support
Host Nick Yaya discusses the potential dangers of the proposed COVID-19 vaccine and welcomes guest Miguel Maldonado, who doesn't always agree with Nick. They discuss issues regarding the vaccine, government policy, immigration, and much more.
It’s not such a stretch to have Mark Blyth as a guest on our podcast. Although we normally feature proponents of Modern Monetary Theory, our interests are, above all, in the health of the planet and the social, physical, and economic health of our fellow citizens. In this episode, host Steve Grumbine and Professor Blyth find that they share two concerns of utmost import: austerity, as both an economic as well as an ideological system, and the climate crisis. Blyth is known for his pop culture references and his fantastic sense of humor. “A Lannister always pays his debts” leads to an illustration of the difference between public and private debt. Hint: the first is intergenerational. Grumbine may not agree that generations of private individuals are actually responsible for repaying the government’s commitments, but they both know that when wages are stagnant, personal debt is likely to be devastating and never-ending. We think our listeners will get a kick out of Blyth’s irreverence as much as Grumbine clearly does. When Steve challenges Blyth’s comparison of Venezuela’s sovereign currency to that of the United States, Blyth retorts that it’s all “smoke and mirrors and bullshit.” Professor Blyth is concerned that MMT proponents haven’t faced up to the reality of political obstacles. “Have you met Republicans?” They’re not going to agree to “just take the Fed, write a big check, stick a golden penny in the Fed, and we’ll do a green new deal.” Well, we can’t argue with that. You’re going to enjoy this conversation that takes us back to 1315, revealing that there has been a downward trend in interest rates for 700 years. (Did we mention that Grumbine and Blyth agree that the threat of inflation is vastly overblown?) Whether you’re interested in Westeros or Brexit or the Grateful Dead, it’s an episode you won’t want to miss. Mark Blyth is The William R. Rhodes ’57 Professor of International Economics, Professor of Political Science and International and Public Affairs at Brown University. Follow him on Twitter @MkBlyth https://global.oup.com/academic/product/austerity-9780199389445?q=mark%20blyth&lang=en&cc=us https://global.oup.com/academic/product/the-future-of-the-euro-9780190233242?q=mark%20blyth&lang=en&cc=us
What is “smoke & mirrors & bullshit?” Does a Lannister always pay his debts? For answers, be sure to listen to our latest episode, where host Steve Grumbine goes toe to toe with Prof Mark Blyth. (Spoiler alert: they actually seem to enjoy each other's company)
https://www.bloomberg.com/opinion/articles/2019-05-15/wage-stagnation-was-mostly-a-myth --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support
It appears that the Melbourne housing price crash has left a huge hole in the Victorian State Budget. While the natural response for a Labor government is to increase taxes, I am concerned that they didn't foresee this issue.
Is the GFC finally catching up with Australia?
[Epistemic status: I am basing this on widely-accepted published research, but I can’t guarantee I’ve understood the research right or managed to emphasize/believe the right people. Some light editing to bring in important points people raised in the comments.] You all know this graph: Median wages tracked productivity until 1973, then stopped. Productivity kept growing, but wages remained stagnant. This is called “wage decoupling”. Sometimes people talk about wages decoupling from GDP, or from GDP per capita, but it all works out pretty much the same way. Increasing growth no longer produces increasing wages for ordinary workers. Is this true? If so, why? 1. What Does The Story Look Like Across Other Countries And Time Periods? Here’s a broader look, from 1800 on: It no longer seems like a law of nature that productivity and wages are coupled before 1973. They seem to uncouple and recouple several times, with all the previous graphs’ starting point in 1950 being a period of unusual coupledness. Still, the modern uncoupling seems much bigger than anything that’s happened before. What about other countries? This graph is for the UK (you can tell because it spells “labor” as “labour”) It looks similar, except that the decoupling starts around 1990 instead of around 1973. And here’s Europe: This is only from 1999 on, so it’s not that helpful. But it does show that even in this short period, France remains coupled, Germany is decoupled, Spain is…doing whatever Spain is doing, and Italy is so pathetic that the problem never even comes up. Overall not sure what to think about these. 2. Could Apparent Wage Decoupling Be Because Of Health Insurance? Along with wages, workers are compensated in benefits like health insurance. Since health insurance has skyrocketed in price, this means total worker compensation has gone up much more than wages have. This could mean workers are really getting compensated much more, even though they’re being paid the same amount of money. This view has sometimes been associated with economist Glenn Hubbard. There are a few lines of argument that suggest it’s not true. First, wage growth has been worst for the lowest-paid workers. But the lowest-paid workers don’t usually get insurance at all.
On this episode of Working Lunch, Jeff Hanscom from the International Franchise Association joins us to discuss the latest in anti-poaching and non-compete clauses targeted at franchisees in an effort to address wage stagnation. Also, we will take a look at this week's election results in Wisconsin, Minnesota and Connecticut and why they matter to operators. Those stories and more plus the weekly legislative scorecard.
The US economy has a structural wage stagnation. For the last 34 years, wages have been growing at the effective real annual rate of 0.51%. Consumers who rely on salary alone, cannot increase discretionary spending too much. As discretionary spending declines, economic growth will slow down. This creates a risk for the next economic recession.
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Episode 264: The S&P500 is back up above its 100 day moving average. Will it hold this time? I think so, because the boogeyman of wage inflation seems to be held at bay. Wall Street LOVEs wage stagnation and that appears to be what we have. We’ll cover that and more in this episode including how you can get a raise. -------------------------------------------------------------- The Robots are Coming: A Human's Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores. -------------------------------------------------------------- 10 Wealth Building Principles: http://www.wealthsteading.com/category/wealth-building-principle/ Full archives are available at: http://www.wealthsteading.com ------------------------------------------------------------- Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 YOUTUBE: www.youtube.com/c/JohnPuglianoWEALTHSTEADING Prepare for retirement and gain stock market insight with money manager John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2018 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah. --------------------------------------------------------------
We're joined by Dr. Ryan Nunn of the Brookings Institute to talk about wage stagnation; what contributes to it, how it has occurred of late, how the dissemination of knowledge about wages at a firm or in a field might affect it and what impact upcoming technologies might have on it. Hosted by Yudong Rao, Elaine Qiu, and Professor David Just.
We’re joined by Dr. Ryan Nunn of the Brookings Institute to talk about wage stagnation; what contributes to it, how it has occurred of late, how the dissemination of knowledge about wages at a firm or in a field might affect it and what impact upcoming technologies might have on it. Hosted by Yudong Rao, Elaine Qiu, and Professor David Just.
Pimm Fox and Lisa Abramowicz talk to Chris Lu, deputy secretary for the Department of Labor, about the November jobs report. Then, Global Markets' Peter Kenny discusses why the infrastructure sector is overbought. Also, Algebris Investments' Alberto Gallo talks about the ECB and whether it will be tapering its bond purchasing program. Finally, Shelly Banjo, a columnist for Bloomberg Gadfly, gives an outlook for Starbucks after CEO Howard Schultz's announcement that he's stepping down.
All Remote Conferences 02:01 - Lauren Voswinkel Introduction Twitter GitHub New Relic 02:39 - May 1st: International Workers’ Day Lauren Voswinkel: #talkpay and the Importance of Collective Action Taft–Hartley Act (The Labor Management Relations Act of 1947) 06:11 - #talkpay Information Asymmetry 10:22 - Fair Trade of Value; Companies and Salaries Kelley Blue Book 19:37 - Salary Maximization and Negotiations 22:40 - Executive Salaries Planet Money: Episode 682: When CEO Pay Exploded 25:58 - Hashtag Effectiveness Glassdoor 29:05 - Implications of Salary Reveals 32:08 - The Labor Management Relations Act of 1947 (Cont’d) Salary Sharing Between Employees 35:41 - Sharing Salary Information Publicly and Impostor Syndrome Crab Mentality 37:38 - Job Elimination 42:40 - Is/has #talkpay been successful? More Information Ex-Apple, Google, Intel geeks in line for $415m over wage-fix pacts Wage Stagnation in Nine Charts Highlights of women’s earnings in 2014 Picks The Name of the Wind by Patrick Rothfuss (Sam) The Lies of Locke Lamora (Coraline) Brandon Sanderson's Alcatraz Versus the Evil Librarians Series (Chuck) Bose QuietComfort 3 Acoustic Noise Cancelling Headphones (Chuck) Brené Brown: The power of vulnerability (Lauren) Brené Brown: Listening to shame (Lauren)
All Remote Conferences 02:01 - Lauren Voswinkel Introduction Twitter GitHub New Relic 02:39 - May 1st: International Workers’ Day Lauren Voswinkel: #talkpay and the Importance of Collective Action Taft–Hartley Act (The Labor Management Relations Act of 1947) 06:11 - #talkpay Information Asymmetry 10:22 - Fair Trade of Value; Companies and Salaries Kelley Blue Book 19:37 - Salary Maximization and Negotiations 22:40 - Executive Salaries Planet Money: Episode 682: When CEO Pay Exploded 25:58 - Hashtag Effectiveness Glassdoor 29:05 - Implications of Salary Reveals 32:08 - The Labor Management Relations Act of 1947 (Cont’d) Salary Sharing Between Employees 35:41 - Sharing Salary Information Publicly and Impostor Syndrome Crab Mentality 37:38 - Job Elimination 42:40 - Is/has #talkpay been successful? More Information Ex-Apple, Google, Intel geeks in line for $415m over wage-fix pacts Wage Stagnation in Nine Charts Highlights of women’s earnings in 2014 Picks The Name of the Wind by Patrick Rothfuss (Sam) The Lies of Locke Lamora (Coraline) Brandon Sanderson's Alcatraz Versus the Evil Librarians Series (Chuck) Bose QuietComfort 3 Acoustic Noise Cancelling Headphones (Chuck) Brené Brown: The power of vulnerability (Lauren) Brené Brown: Listening to shame (Lauren)
All Remote Conferences 02:01 - Lauren Voswinkel Introduction Twitter GitHub New Relic 02:39 - May 1st: International Workers’ Day Lauren Voswinkel: #talkpay and the Importance of Collective Action Taft–Hartley Act (The Labor Management Relations Act of 1947) 06:11 - #talkpay Information Asymmetry 10:22 - Fair Trade of Value; Companies and Salaries Kelley Blue Book 19:37 - Salary Maximization and Negotiations 22:40 - Executive Salaries Planet Money: Episode 682: When CEO Pay Exploded 25:58 - Hashtag Effectiveness Glassdoor 29:05 - Implications of Salary Reveals 32:08 - The Labor Management Relations Act of 1947 (Cont’d) Salary Sharing Between Employees 35:41 - Sharing Salary Information Publicly and Impostor Syndrome Crab Mentality 37:38 - Job Elimination 42:40 - Is/has #talkpay been successful? More Information Ex-Apple, Google, Intel geeks in line for $415m over wage-fix pacts Wage Stagnation in Nine Charts Highlights of women’s earnings in 2014 Picks The Name of the Wind by Patrick Rothfuss (Sam) The Lies of Locke Lamora (Coraline) Brandon Sanderson's Alcatraz Versus the Evil Librarians Series (Chuck) Bose QuietComfort 3 Acoustic Noise Cancelling Headphones (Chuck) Brené Brown: The power of vulnerability (Lauren) Brené Brown: Listening to shame (Lauren)
Show #89, Hour 1 | Guests: Egon Terplan, Regional Planning Director, SPUR; Derecka Mehrens, Executive Director, Working Partnerships. | Show Summary: Rent control. Owner move-ins. Skyrocketing property values. How do Silicon Valley and the Bay Area try to keep their populations financially diverse, and keep the American dream alive for those with less income? We’ll spend the hour on an examination of the stakeholders, potential solutions, and how other major cities have confronted the issue. Guests: Egon Terplan, Regional Planning Director, SPUR. A regional planner and economic development specialist with more than 14 years of experience, Egon Terplan has authored or co-authored numerous reports and policy studies related to regional planning, economic development, transportation and government reform, including the first-ever report on the Northern California megaregion and a 2011 report on land use planning and high-speed rail in California. Prior to joining SPUR, he spent more than five years with ICF International advising cities and regions throughout the world on economic development and competitiveness. Derecka Mehrens, Executive Director, Working Partnerships. Derecka’s work at WP includes organizing and campaign strategies for San Jose’s minimum wage increase, engaging low-income communities of color in public policy issues, and forming coalitions with the Domestic Workers Alliance, Bay Area Equal Voice Coalition, and California Calls, among others. Prior to joining Working Partnerships she was a director with the California chapter of the Association of Community Organizations for Reform Now (ACORN), where she set statewide legislative priorities and managed organizing campaigns in 12 regions across the state. Mehrens is currently a board member for the Clergy and Laity United for Economic Justice and California Calls.
Civll Chat with Lee looks at wage stagnation and the TOP reasons for it. Rand Paul backtracks a bit against remarks about GOP being responsible for ISIS, and public disapproves of Citizens United and whatever YOU want to talk about.
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