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Checks and Balance from The Economist

Checks and Balance: Labour’s love lost

Checks and Balance from The Economist

The Economist

Politics, News & Politics, News, Us Politics

4.61.7K Ratings

🗓️ 22 October 2021

⏱️ 41 minutes

🧾️ Download transcript

Summary

Wages are going up and employees are walking out - some to strike, some never to come back. American workers have more leverage than before the pandemic. How permanent is this shift in power?


The Economist’s Simon Rabinovitch takes us to a picket line in Pennsylvania and we go back to an earlier walk out in Hollywood. Betsey Stevenson, one of President Obama’s economics advisors, tells us how long this could last. 


John Prideaux hosts with Charlotte Howard and Jon Fasman.


For full access to print, digital and audio editions as well as exclusive live events, subscribe to The Economist at economist.com/USpod



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Transcript

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0:00.0

When it comes to investing, there's do, and then there's do more.

0:04.9

That's why at BlackRock we've built MyMap, a simple multi-acid range that makes investing

0:09.8

easier and does more for your money.

0:12.3

Choose from a range of ready-made, actively managed and sustainable funds, each providing

0:16.7

more diversification than a single asset, and designed with different risk levels in mind,

0:22.1

so you choose the best option for you.

0:24.8

Search BlackRock MyMap now to do more.

0:28.0

Capital at risk, the value of investments and the income from them can fall as well as

0:31.5

rise and are not guaranteed.

0:33.6

Investors may not get back the amount originally invested.

0:35.9

Diversification and asset allocation may not fully protect you from market risk.

0:45.4

In 1924, the postmaster at the University of Mississippi was slacking.

0:51.0

He'd often closed the post office and go to the woods.

0:54.1

When he was there, he'd drink, play cards, or write poetry.

0:58.6

He wouldn't deliver any post he felt unnecessary and any interesting magazines he kept for himself.

1:04.9

Eventually, he gave up entirely and fired off a letter of his own.

1:09.1

I'll be damned if I propose to be at the Beckon call for every itinerant scoundrel who

1:14.1

has two cents to invest in a postage stamp.

1:17.2

This, sir, is my resignation.

1:20.7

One before the phrase entered the lexicon, William Faulkner had gone postal.

1:26.4

These days, it's not just mesentropic writers walking out.

1:30.0

In August, 4.3 million Americans quit their jobs, a record high.

...

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