On Income Inequality for All*, (*except the 1%) Mike is on his soapbox about employees turned into contractors. The growing wage and benefit gap. Appeasing shareholders at the expense of employees, and other sins of the 1%.
[01:00]: Amazon Now 2-Hour Delivery: Carl has his first Amazon Prime Now shipping experience. Mike claims this new service could become a big box killer. And is it just creating another crappy job?
[09:40]: The Growing Wage Gap: Carl and Mike talk about the different classes of people — executives, employees, and contractors. Plus income inequality inside a company. And the growing benefits gap like health and life insurance that are available to executives, but not employees.
16:13: Shareholders vs. Employees: Carl and Mike talk about meeting the needs of shareholders at the expense of employees. Plus a discussion on how many people own stocks and who are the shareholders.
22:42: The 1% Aren’t Going Away: Carl argues there’s always going to be a 1%. They discuss profits coming at the expense of the worker. Plus how efficiency is often a code word for laying off workers.
[26:54]: Conscious Consumers: Carl and Mike agree that the only answer if for more conscious consumers. Consumers who use their wallets in support of companies who do right by their employees.
CARL AND MIKE INCOME INEQUALITY LINKS:
In Congress Income Inequality Comes with Breakfast and Lunch:
Baltimore Riots are a Symptom of Income Inequalty…
Why CEO Pay Reform Failed:
Economics of the 1%: http://www.occupy.com/article/economics-1-exposing-econfakers-and-alchemists-finance
Of the 1%, by the 1%, for the 1%: http://www.vanityfair.com/news/2011/05/top-one-percent-201105
How close are you to the Top 1% Calculator: http://money.cnn.com/calculator/pf/income-rank/