AI Snips
Chapters
Transcript
Episode notes
Company Town Revival In Kalamazoo
- William Parfett and William Johnston created a foundation that channels money they avoid paying in taxes back into Kalamazoo.
- Richard D. Wolff calls this a modern 'company town' that lets the rich control municipal decisions.
Jobs Gain Masks Net Employment Loss
- Claiming '6.4 million jobs added' in 2021 hides the 10 million jobs lost in 2020 and the net shortfall.
- Wolff argues honest accounting shows we're still about 3.5 million jobs short and need policy action.
Use Public Jobs To Close The Gap
- Do implement a federal public jobs program to hire the millions still unemployed and address infrastructure and green needs.
- Do set a livable public-wage floor (Wolff suggests $17/hour) to provide competition and raise private-sector standards.