Jobs
by
Adam Taggart
by
Adam Taggart
If covid-19 is indeed hastening the permanent disruption of the status quo, what will life in a post-coronavirus world look like?
In a prognosticating session building on last week’s Economic Shockwaves roundtable, John Rubino, Charles Hugh Smith and I — also joined by Chris Martenson this time — discuss the myriad ways in the future may be permanently altered by the disruptions happening right now.
How will the economy, fiat currencies, jobs & the nature of work, as well as our general lifestyle, be forced to evolve? What new solutions will be required and what shape with they take?
What Comes Next?
by Adam TaggartIf covid-19 is indeed hastening the permanent disruption of the status quo, what will life in a post-coronavirus world look like?
In a prognosticating session building on last week’s Economic Shockwaves roundtable, John Rubino, Charles Hugh Smith and I — also joined by Chris Martenson this time — discuss the myriad ways in the future may be permanently altered by the disruptions happening right now.
How will the economy, fiat currencies, jobs & the nature of work, as well as our general lifestyle, be forced to evolve? What new solutions will be required and what shape with they take?
by
Adam Taggart
by
Adam Taggart
by
Adam Taggart
Over the past decade, we've been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by?
The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country.
This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the wages of the 99% can afford.
Ed Butowsky: Calculating The True Cost of Living Increase
by Adam TaggartOver the past decade, we've been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by?
The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country.
This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the wages of the 99% can afford.
by
Adam Taggart
Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.
Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With that crap-ton of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of recovery.
Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.
Mass Layoffs To Return With A Vengeance
by Adam TaggartRemember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.
Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With that crap-ton of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of recovery.
Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.
by
Adam Taggart
Charles Hugh Smith returns to the podcast this week to discuss the theme of his new book A Radically Beneficial World: Automation, Technology and Creating Jobs for All.
Automation and artificial intelligence are changing the landscape of work. Tens of millions of jobs are on track to be eliminated over the next decade or so by these advancing technological innovations in the US alone.
The way in which our current economy is constructed, the fruits of those cost savings are likely to go into a very small number of private pockets, while the millions of displaced workers will find themselves with no income and no work to do. It’s a huge looming problem that is not being address in national dialog right now.
But there’s opportunity to course-correct here. To use our new technologies to increase total productivity in a way that empowers rather than diminishes the individual worker.
Charles Hugh Smith: Fixing The Way We Work
by Adam TaggartCharles Hugh Smith returns to the podcast this week to discuss the theme of his new book A Radically Beneficial World: Automation, Technology and Creating Jobs for All.
Automation and artificial intelligence are changing the landscape of work. Tens of millions of jobs are on track to be eliminated over the next decade or so by these advancing technological innovations in the US alone.
The way in which our current economy is constructed, the fruits of those cost savings are likely to go into a very small number of private pockets, while the millions of displaced workers will find themselves with no income and no work to do. It’s a huge looming problem that is not being address in national dialog right now.
But there’s opportunity to course-correct here. To use our new technologies to increase total productivity in a way that empowers rather than diminishes the individual worker.
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