Ecomagination
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 5 September 2020
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Hello! Welcome to the echomagination edition of Slate Money, your guide to the business and finance |
| 0:20.1 | news of the week. |
| 0:21.3 | I'm Felix Ammon of Axios. I'm here in C-Plain-N-Mada |
| 0:25.4 | studios in Brooklyn with Jessamine Molly, the producer. I am also joined by |
| 0:31.2 | the Magic of Zoom by Emily Peck of Huffpost |
| 0:35.2 | Hello by Anna Shimansky of Breaking Views |
| 0:39.1 | Hello and we are about to embark upon a lovely three day weekend. |
| 0:45.4 | It's Labor Day. |
| 0:46.9 | We celebrate the working people of this country and all they do for us. |
| 0:50.9 | So we're going to talk about that. |
| 0:52.0 | We're going to talk about the plate of the workers. We are going to talk about the person who's kind of in charge of making sure the economy is working for the workers, Mr. Steve Manushin, the Treasury Secretary, whether he's having any success |
| 1:06.2 | on that. |
| 1:07.5 | And we are going to talk about General Electric, which is a major employer. |
| 1:11.3 | It still has hundreds of thousands of employees, believe it or not, even though its stock price is kind of in the toilet. |
| 1:17.0 | All of that coming up on Slate Money. |
| 1:22.0 | So it's Labor Day weekend, Emily, and this is probably the most tumultuous period that we have ever had in the labor market at least in living memory on a Labor Day weekend. |
| 1:36.4 | And you have written about this for Huffpost. |
| 1:38.9 | And the number that really jumped out at me from your excellent story was looking at quartiles. It turns out that if you make |
| 1:45.7 | more than $60,000 a year, you are in the top quartile of earners in the United States. |
| 1:52.4 | And if you look at that top quartile of earners |
| 1:54.4 | employment is down only 1%. Yes Felix it feels like we're living in two different |
| 2:02.3 | worlds right now at the top of the income |
... |
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