Workers are getting a smaller slice of the pie
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 12 April 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Next month, the Bureau of Labor Statistics will tell us how much of the income generated by workers’ toil actually went to them in Q1. That stat is called labor share of national income — and it’s shrinking. Plus, a government committee that scrutinizes deals between foreign companies and American firms may be getting more power. And 14 states are opting out of a summer EBT program that would help families buy groceries.
Wanna learn more about labor share of income and see Marketplace reporter Nancy Marshall Genzer get a pie in the face? Check out the Marketplace TikTok feed.
Transcript
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| 0:00.0 | When Economic Security is National Security. |
| 0:05.0 | From Marketplace, I'm Sabrie Beneshore, in for David Brancaccio. |
| 0:09.0 | If a foreign company wants to buy a U.S. company that makes sensitive technology or collects sensitive |
| 0:15.1 | data is that okay should that be allowed well there is a government |
| 0:19.6 | committee that answers those questions on a case-by-case basis. |
| 0:23.0 | It's been around for decades approving or barring deals whenever national |
| 0:26.7 | securities involved, but as global competition has intensified the |
| 0:30.6 | federal government wants to dial up that committee's power. |
| 0:34.0 | Marketplace's Nova Safo is here to explain, hi Nova. |
| 0:37.0 | Hi, Nova. |
| 0:38.0 | Hey, Sabrie. |
| 0:39.0 | So, we are talking about Ciphius, that is the Committee on Foreign Investment in the United States. |
| 0:45.0 | There's a proposed rule to expand its powers. |
| 0:48.2 | What would the rule do? |
| 0:49.2 | Yeah, and as you mentioned, this committee has a lot of power already. |
| 0:52.6 | Seven cabinet secretaries are on it. |
| 0:54.4 | It can force a modification of a deal or force a company to divest ownership. |
| 0:58.8 | For example, you may remember there was a high profile case 12 years ago. |
| 1:01.8 | The committee recommended against a Chinese |
| 1:03.4 | company's ownership of wind farms near a Navy base in Oregon. Then President |
| 1:07.8 | Obama took the recommendation, ordered the company to divest. So this committee |
| 1:12.4 | also has subpoena powers and here's where the |
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