The Prof G Pod with Scott Galloway No Mercy / No Malice: Labor Day
Sep 10, 2022
Dive into a critique of Labor Day's real significance, revealing the widening gap between wage growth and GDP. Discover the evolving dynamics of labor and rising union activities, along with the structural hurdles that workers face. The discussion emphasizes the importance of empowering caregivers with flexible work arrangements and advocates for societal reforms that support single parents. It’s a thought-provoking look at workers' rights and the future of labor in America.
AI Snips
Chapters
Books
Transcript
Episode notes
Capital Day
- Labor Day is a misnomer; it should be called Capital Day.
- Capital gains are taxed less than income, revealing America's true values.
The Dying Middle Class
- The American middle class is disappearing due to a transfer of power from labor to capital.
- Economic security now depends on pre-existing assets, not hard work.
Unionization Efforts
- Union wins at Starbucks and Amazon signal a potential resurgence.
- Despite increased unionization efforts, union membership is declining.
