On the show Chris Hedges discusses the gig economy to Louis Hyman, Professor of Economic History at Cornell University.
After the end of World War II two generations of workers in the United States were blessed with a period of unprecedented prosperity. Wages for the working class were high. Jobs were stable and came with benefits and health insurance. Unions protected workers from abuse by the business elites. Taxes on the wealthiest individuals and corporations was as high as 91 percent. The public school system provided a quality education to the poor and the rich. The nation’s infrastructure and technology were cutting edge and unrivaled. But by the 1970s it all began to go south. Wages stagnated. Income inequality grew, until by 2008 the top wealthiest 10 percent of Americans received 87 percent of the economic growth, compared with 29 percent from 1933 to 1973. The good industrial jobs vanished. In their place rose the temp or gig economy, one where wages were low, the jobs were not secure and did not provide benefits, unions were emasculated and the nation’s great democratic institutions, along with its infrastructure, crumbled into decay. What went wrong? How did it happen? And what does it mean for our future?
Louis Hyman is Professor of Economic History at Cornell University, and author of Temp: The Real Story of What Happened to Your Salary, Benefits and Job Security.
#QuestionMore #RTAmerica #GigEconomy #WorkingClass #ChrisHedges #OnContact
Get exclusive content and watch full episodes now by downloading the Portable.TV app: https://bit.ly/DownloadPortable
Telegram: https://t.me/RTAmerica
Check out our other shows!
NO show does it like this. It’s TIME for The News on RT America: https://bit.ly/NRSSHOW
It’s her take on all things political and she presents ALL the angles: News.Views.Hughes with Scottie Nell Hughes, NVH: https://bit.ly/NVHSHOW
What’s your NEWS IQ? Give us 30 minutes, and we’ll take you across the globe! In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW
Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress
Candid conversations with the most outspoken guy in Hollywood! Dennis Miller + One!
Dennis Miller Plus One: http://bit.ly/DennisMillerPlusOne
Let our TV time-machine bring you the week’s highlights and a closer look at the BIGGEST stories, Just Press Play: http://bit.ly/JustPressPlayShow
Author and social critic Chris Hedges conducts fascinating in-depth interviews with the fiercest critics of the establishment. Watch all episodes at https://bit.ly/2QIkQZg
Yep, it’s Gov. Jesse Ventura and you’re living in his WORLD! Come along for the ride.
The World According To Jesse: http://bit.ly/WATJSHOW
They’re watching you. Are you watching them? Are you WATCHING THE HAWKS?
Watching The Hawks: http://bit.ly/WTHSHOW
Follow the twists and turns of the global economy with Boom Bust, the one business show you can’t afford to miss. Boom Bust: http://bit.ly/BoomBustShow
Do you keep missing the forest for the trees? Let Holland Cooke show you the Big Picture, The Big Picture: http://bit.ly/TheBigPictureShow
After the end of World War II two generations of workers in the United States were blessed with a period of unprecedented prosperity. Wages for the working class were high. Jobs were stable and came with benefits and health insurance. Unions protected workers from abuse by the business elites. Taxes on the wealthiest individuals and corporations was as high as 91 percent. The public school system provided a quality education to the poor and the rich. The nation’s infrastructure and technology were cutting edge and unrivaled. But by the 1970s it all began to go south. Wages stagnated. Income inequality grew, until by 2008 the top wealthiest 10 percent of Americans received 87 percent of the economic growth, compared with 29 percent from 1933 to 1973. The good industrial jobs vanished. In their place rose the temp or gig economy, one where wages were low, the jobs were not secure and did not provide benefits, unions were emasculated and the nation’s great democratic institutions, along with its infrastructure, crumbled into decay. What went wrong? How did it happen? And what does it mean for our future?
Louis Hyman is Professor of Economic History at Cornell University, and author of Temp: The Real Story of What Happened to Your Salary, Benefits and Job Security.
#QuestionMore #RTAmerica #GigEconomy #WorkingClass #ChrisHedges #OnContact
Get exclusive content and watch full episodes now by downloading the Portable.TV app: https://bit.ly/DownloadPortable
Telegram: https://t.me/RTAmerica
Check out our other shows!
NO show does it like this. It’s TIME for The News on RT America: https://bit.ly/NRSSHOW
It’s her take on all things political and she presents ALL the angles: News.Views.Hughes with Scottie Nell Hughes, NVH: https://bit.ly/NVHSHOW
What’s your NEWS IQ? Give us 30 minutes, and we’ll take you across the globe! In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW
Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress
Candid conversations with the most outspoken guy in Hollywood! Dennis Miller + One!
Dennis Miller Plus One: http://bit.ly/DennisMillerPlusOne
Let our TV time-machine bring you the week’s highlights and a closer look at the BIGGEST stories, Just Press Play: http://bit.ly/JustPressPlayShow
Author and social critic Chris Hedges conducts fascinating in-depth interviews with the fiercest critics of the establishment. Watch all episodes at https://bit.ly/2QIkQZg
Yep, it’s Gov. Jesse Ventura and you’re living in his WORLD! Come along for the ride.
The World According To Jesse: http://bit.ly/WATJSHOW
They’re watching you. Are you watching them? Are you WATCHING THE HAWKS?
Watching The Hawks: http://bit.ly/WTHSHOW
Follow the twists and turns of the global economy with Boom Bust, the one business show you can’t afford to miss. Boom Bust: http://bit.ly/BoomBustShow
Do you keep missing the forest for the trees? Let Holland Cooke show you the Big Picture, The Big Picture: http://bit.ly/TheBigPictureShow
-
- 1
Francisco Gimeno - BC Analyst Technological developments should always work for the improvement of society. But we are witnessing how the financial system is creating a gig economy, where new generations find a wore job market, housing, benefits, and other issues than the former generation. This can be a sign of the times we live, but if at the same time we see how elites and corporates go the opposite way, earning huge benefits, living better than ever, all means the system is not working properly. Thus, the disruption and changes happening in society this decade are not just because of new techs but because society itself sees the need for change to a new paradigm which works.