The Prof G Pod with Scott Galloway Office Hours: The Kroger-Albertsons Merger, An Argument Against Seed-Stage Investing, and Taking Advantage of the “Silver Tsunami”
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Feb 15, 2023 A deep dive into the Kroger-Albertsons merger reveals potential job losses and rising prices, raising important questions about workers' rights and union power. The discussion shifts to the pitfalls of seed-stage investing, urging caution and a focus on supporting entrepreneurs over quick profits. Finally, insights into the 'Silver Tsunami' highlight opportunities for acquiring small businesses from retiring boomers, stressing the importance of strategic evaluation and networking in navigating this wave.
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Galloway's Union Experience
- Scott Galloway worked as a box boy, briefly joining a union and experiencing a significant wage increase.
- After being deemed ineligible, his wage dropped, leading him to quit.
Antitrust and Monopolies
- Antitrust laws prevent excessive industry concentration, protecting consumers from monopolies.
- Monopolies can exploit consumers with high prices and suppress wages by limiting job options.
Strengthening Unions
- Advocate for a single, strong federal union to replace individual unions.
- This union should enforce escalating minimum wage standards to ensure living wages and redistribute wealth.