Money talks: Just the job
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 28 May 2019
⏱️ 22 minutes
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| 0:00.0 | Attention at all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey. |
| 0:11.0 | So no excuses not to visit your in-laws this Christmas. |
| 0:16.5 | Trains now on Uber. T's and sees apply check the Uber app. Hello I'm Philip Kogan, the Bartleby Columnist, and you're listening to Money Talks on Economist |
| 0:35.9 | Radio. |
| 0:37.7 | On today's show, Will Ali Barber's plans to list in Hong Kong start a corporate shift away from Wall Street. |
| 0:44.4 | There's the concern that eventually the American government might turn against the Chinese |
| 0:47.7 | companies that are listed in the American market. A listing in Hong Kong gives it some |
| 0:52.1 | insurance. |
| 0:53.0 | And clearinghouses are supposed to make risky derivatives trading safer, |
| 0:59.0 | but are they doing their job? |
| 1:01.0 | These are for-profit entities that have an incentive to get as much transaction volumes as possible, |
| 1:06.1 | and one way for them to do that is keep standards looser. But first, it's easy to paint a bleak picture of the current jobs market. |
| 1:16.5 | Workers are supposedly underpaid, have lost control over their lives and will soon be replaced by robots. |
| 1:24.0 | There's just one problem with this characterization. |
| 1:26.0 | It's not true. |
| 1:28.0 | Callum Williams is our Britain economics correspondent. |
| 1:30.0 | He's been looking into how work in wealthy countries is not only plentiful, but for many people, is actually getting better. |
| 1:37.0 | The rich world is enjoying an unprecedented employment bonanza. |
| 1:43.0 | In the past five years, the OECD has added 43 million jobs. |
| 1:48.0 | The unemployment rate in the block of 36 mostly wealthy countries is just 5.2%, which is the lowest rate since the 1970s. |
| 1:58.3 | And in two-thirds of OECD countries, the employment rate of working-age people is currently at an all-time high. |
| 2:07.0 | If we're looking for answers to why jobs across the which world are booming, Japan is a great place to start. The country has had an average unemployment rate |
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