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Marketplace All-in-One

Income inequality has dipped in recent years

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 18 December 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Even though inflation has come down from its pandemic highs, some of it is still sticking. Yet average pay has been keeping up with — and even outpacing — rising prices. Turns out, low- and middle-income workers have been making up some ground. We dig in. Plus: a closer look at AI’s growing role in processing health insurance claims and talks of a potentially tectonic shift in the global auto industry.

Transcript

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0:00.0

Hey, everybody, it's Kai. We've got a midweek deal that you don't want to miss.

0:04.7

Thanks to the generosity of Marketplace investors across the country, all gifts will be matched today up to $30,000.

0:11.7

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0:19.5

Go to Marketplace.org slash donate, and your gift will go twice as far, but only today.

0:25.2

That's Marketplace.org slash donate, and thanks. We've seen it before.

0:43.5

Chrysler meets Dodge, meets Jeep, meets Fiat.

0:46.4

Now there's a movement on Nissan joining Honda.

0:50.6

I'm David Brancaccio.

0:51.8

There are talks in Japan to possibly set up an alliance or even under one scenario an outright merger between Honda and Nissan Motors.

1:00.0

This would help both companies, but Nissan especially deal with rising competition from China.

1:04.9

Marketplace is Nova Safos following the story.

1:07.7

Japanese automakers were the new kids in town in In the 1970s, when a focus on fuel efficiency

1:13.7

and a gas crisis prompted many Americans to trade in U.S. made gas guzzlers for Japanese-made

1:19.3

gas sippers. Now there's a global shift toward electrification, and Chinese car companies,

1:25.4

flush with government subsidies, are flooding markets with affordable

1:28.5

EVs. Nissan and Honda, like other established players, are already cooperating on things like

1:34.2

EV batteries and autonomous driving development, but Nissan has been floundering ever since the

1:39.8

arrest of former chief executive Carlos Gown on financial misconduct charges. The company is cutting jobs and reducing production.

1:47.5

Foxcon, yes, the one that makes Apple's iPhones, reportedly approached Nissan about taking a controlling stake.

1:54.4

And the Japanese news outlet Niki says that sparked merger talks with Honda.

1:59.3

The two automakers confirmed their talking about various

2:02.5

possibilities for collaboration. I'm Novosophu for Marketplace. For the ninth trading day in a row,

...

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