Hour 2 Late Night Shows
The Mark Simone Show
iHeartRadio and Mark Simone
4.3 • 695 Ratings
🗓️ 8 October 2021
⏱️ 33 minutes
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| 0:00.0 | Mr. New York, Mark Simone, on W-O-R. |
| 0:05.8 | Well, we got lots to get to this hour. |
| 0:08.5 | Hey, this jobs number is not good. |
| 0:11.4 | 194,000 jobs created last month. |
| 0:14.2 | Many, many more jobs were expected. |
| 0:16.3 | That's a huge disappointment. |
| 0:18.9 | The problem is you've got a number of factors at work. You got |
| 0:21.9 | all this entitlement stuff. We'll pay you not to work. We'll give you free this, free that, |
| 0:27.4 | we'll pay for everything in your life. A womb to tomb entitlement is what's proposed in this |
| 0:32.6 | new bill. Problem is when employers can't get employees, the only thing they can do is |
| 0:37.9 | offer more money, pay higher wages. A problem with that, that's a major factor in inflation. When |
| 0:44.7 | they've got to pay more money for employees, they're going to pass the cost on to you. And the same |
| 0:49.7 | thing when you tax corporations more, they just build that into the price. No corporation has ever paid any |
| 0:56.3 | tax anywhere. The consumer pays it. So we've already got an inflation problem. It averaged 1.9% |
| 1:02.5 | for the last few years. It was always around 1.9%. Now it's at 4.2% and climbing, really climbing. |
| 1:10.4 | So that inflation is a tax on everybody. It's a tax on the |
| 1:14.9 | poor. It's a tax on the middle class. So it's a deadly cycle to get into here. So you got |
| 1:21.5 | employers can't get employees. Nobody's going back to work. This is a bad thing. |
| 1:28.5 | You got the supply chain all clogged up. |
| 1:30.9 | This is going to get worse and make things a real problem in a month or two. |
| 1:34.9 | You got this new bill looming, which will probably not get passed. |
| 1:38.5 | And if it does, it'll be an extremely watered down version. |
... |
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