Peter St Onge Podcast
Episode 43: Weekly Roundup 02.12.2024
Feb 12, 2024
This podcast discusses the recent layoffs in mainstream media and the declining trust in the media. It explores the advantages of saving Bitcoin with Unchained Bitcoin IRA and critiques the recent jobs report. The prevalence of fake jobs in the US economy is explored, along with concerns about election polling and the impact on the economy. The misconception that immigrants create a surplus of labor is discussed, along with the corporate motives and voter opinions.
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Quick takeaways
- Decreased trust in mainstream media and widespread layoffs have led to a decline in readership and ad revenue.
- The recent jobs report is misleading, with fake jobs and no full-time job creation raising doubts about the state of the economy.
Deep dives
The Decline of Corporate Journalism
Main idea: Tens of thousands of mainstream journalists are being laid off, leading to a loss of trust in media and a decline in readership and ad revenue. This is driven by decreased trust in the media and their perceived bias and activism. Major media outlets, including the LA Times, BuzzFeed, and Sports Illustrated, have faced widespread layoffs. Trust in media has hit a record low, with just one-third of Americans expressing trust, and almost 40% having zero trust. The decline in trust has been particularly strong among Republicans and younger Democrats.
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