
A Tough Break (EP.278)
Animal Spirits Podcast
00:00
Are You Saying That Inflation Is Going to Fix Income Inequality?
The Apple bomb says American workers did not recover from the Volker shock at all. The median income of a full time mail worker in 1978 adjusted for inflation was $54,000. That number was not match exceeded at any point during the next four decades. He's saying the people who own businesses did so much better than the workers that it's time to put it to the workers or business owners.
Transcript
Play full episode