Google’s Sit-In Pushback & Debating Student Debt Relief 04/24/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 April 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Google has fired 50 employees over sit-in protests at the office. Yale Lecturer Joanne Lipman and The Verge’s Alex Heath discuss activism in the office, and tech’s inflection point with its employees. Jason Furman, a Democrat economist, is making his case against President Biden’s student debt relief plan, arguing that it will make inflation worse. CNBC’s Steve Liesman is breaking down U.S. productivity data and what it means for the Federal Reserve. Plus, the Federal Trade Commission has voted to ban non-competes for employee contracts, Jamie Dimon is speaking out with his concerns for the economy, and Meta’s AI glasses are getting an update. Joanne Lipman & Alex Heath - 19:35 Steve Liesman - 27:14 Jason Furman - 30:28 In this episode: Joanne Lipman, @joannelipman Alex Heath, @alexeheath Steve Liesman, @steveliesman Jason Furman, @jasonfurman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Protests on campuses and the Googleplex.
0:13.0	The big tech has fired 50 employees over sit-ins at the office.
0:16.0	Journalist Joanne Littman says
0:18.0	Activism on the job has turned a corner.
0:20.0	In 2018, 2016, you had employees who were together, who were pushing together,
0:26.7	unified against management for whatever reason.
0:29.3	Today you have employee against employee.
0:31.9	Also, at work, the Federal Trade Commission voting to ban
0:35.1	non-compete contracts. The verge is Alex Heath. I haven't met anyone who likes a
0:40.1	non-compete who isn't the one who's enforced it.
0:43.6	President Biden's student debt relief plan is under fire
0:46.9	from a fellow Democrat.
0:48.3	Economist Jason Furman makes his case.
0:50.5	What you need to do is target the people who have been the most unlucky or gone to colleges that really
0:56.2	rip them off.
0:57.2	This is 30 million people.
0:58.5	This is very, very broad.
1:00.1	It's not very targeted. All that today, plus Jamie Diamond on the economy, and Facebook on your face,
1:07.6	Meta's wearable assistant.
1:09.4	This is the future.
	...

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