1 00:00:00,760 --> 00:00:02,400 Speaker 1: It's a new poll that came out that so many 2 00:00:02,400 --> 00:00:06,160 Speaker 1: Americans feel economic opportunity is shrinking from the middle class. 3 00:00:06,280 --> 00:00:09,119 Speaker 1: Majorities say things like buying a home, finding a good job, 4 00:00:09,200 --> 00:00:14,080 Speaker 1: or raising a family are harder now than from previous generations. 5 00:00:14,200 --> 00:00:16,680 Speaker 2: I think that's an accurate assertion, considering we were just 6 00:00:16,720 --> 00:00:19,720 Speaker 2: talking about a story that indicated one hundred thousand people 7 00:00:19,760 --> 00:00:21,840 Speaker 2: have been laid off at the beginning of January, which 8 00:00:21,840 --> 00:00:24,160 Speaker 2: is double what it was last year. So, yeah, that 9 00:00:24,200 --> 00:00:28,400 Speaker 2: would appear to be true, not just an unfounded feeling. 10 00:00:28,520 --> 00:00:31,720 Speaker 1: Yeah, it's more than a feeling. There's actually data that 11 00:00:31,800 --> 00:00:35,159 Speaker 1: backs this up. People believe the wealthy have more opportunities, 12 00:00:35,560 --> 00:00:38,519 Speaker 1: and a larger share think that chances are increasing for 13 00:00:38,560 --> 00:00:42,680 Speaker 1: wealthy Americans while decreasing for the middle class. Didn't the 14 00:00:42,720 --> 00:00:45,720 Speaker 1: fall of the middle class began six years ago, didn't it. 15 00:00:45,960 --> 00:00:49,000 Speaker 2: I think it began longer, longer ago than that, longer 16 00:00:49,000 --> 00:00:50,919 Speaker 2: ago than that. Part of the reason is because of 17 00:00:50,960 --> 00:00:54,560 Speaker 2: the rise of lobbyists and the special interests that are 18 00:00:54,600 --> 00:00:58,840 Speaker 2: primarily being served by our lawmakers. Anytime you have these 19 00:00:59,160 --> 00:01:02,040 Speaker 2: big headlining bills, even when it comes to the Trump accounts, 20 00:01:02,080 --> 00:01:04,800 Speaker 2: who's ultimately benefiting from that yes, there is a small 21 00:01:04,800 --> 00:01:08,000 Speaker 2: sliver of the American population that will see a dividend 22 00:01:08,120 --> 00:01:12,039 Speaker 2: from that investment, but the primary beneficiaries are the mega 23 00:01:12,080 --> 00:01:15,920 Speaker 2: corporations to whom those monies will be invested with. And 24 00:01:16,080 --> 00:01:19,920 Speaker 2: time and again, it seems like the people whose missions 25 00:01:19,959 --> 00:01:24,280 Speaker 2: are prioritized, whose voices are heard, are not middle class Americans, 26 00:01:24,360 --> 00:01:27,760 Speaker 2: are not the people who vote and elect these representatives, 27 00:01:28,040 --> 00:01:32,319 Speaker 2: but the influential lobbyists who buy their way into power 28 00:01:32,400 --> 00:01:33,000 Speaker 2: and influence. 29 00:01:33,360 --> 00:01:35,640 Speaker 1: According to the survey, only one in five think the 30 00:01:35,680 --> 00:01:38,280 Speaker 1: economy will grow or boom in the next year, and 31 00:01:38,640 --> 00:01:42,640 Speaker 1: many people believe that economic conditions are going to worsen, 32 00:01:42,760 --> 00:01:46,399 Speaker 1: and this applies especially with costs related to housing and 33 00:01:46,560 --> 00:01:50,880 Speaker 1: everyday essentials. They also believe that job quality isn't keeping 34 00:01:50,960 --> 00:01:54,520 Speaker 1: pace with living standards, not just pay, but the quality 35 00:01:54,520 --> 00:01:55,440 Speaker 1: of the job as well. 36 00:01:55,760 --> 00:01:59,000 Speaker 2: Yeah well, I mean again, you can have these corporations 37 00:01:59,560 --> 00:02:05,040 Speaker 2: who are are financially incentivized to export labor overseas and 38 00:02:05,080 --> 00:02:07,920 Speaker 2: they have the ability to do so. That is a 39 00:02:08,080 --> 00:02:13,440 Speaker 2: byproduct of favoring the power and the influence of multinational 40 00:02:13,480 --> 00:02:17,760 Speaker 2: corporations versus small mom and pop businesses who have more 41 00:02:17,760 --> 00:02:20,919 Speaker 2: of an investment and a tie into the community. When 42 00:02:20,960 --> 00:02:25,240 Speaker 2: you favor the large structure of these corporations, they can 43 00:02:25,280 --> 00:02:27,280 Speaker 2: get away with abusing their workers. And I think that's 44 00:02:27,400 --> 00:02:29,680 Speaker 2: just that's being proven to be true. 45 00:02:29,880 --> 00:02:32,600 Speaker 1: And how does this play into it? From another article, 46 00:02:32,800 --> 00:02:37,239 Speaker 1: older Americans age fifty plus are increasingly returning to work 47 00:02:37,240 --> 00:02:41,640 Speaker 1: after retirement. About seven percent of retirees are unretiring in 48 00:02:41,680 --> 00:02:45,040 Speaker 1: the past six months, and that's up roughly six percent. 49 00:02:45,520 --> 00:02:48,560 Speaker 1: So you've got this group of people who are going 50 00:02:48,680 --> 00:02:52,600 Speaker 1: back into the workforce, taking the low level jobs away 51 00:02:52,600 --> 00:02:57,200 Speaker 1: from people who are desperately wanting just anything, even a 52 00:02:57,200 --> 00:02:58,040 Speaker 1: low level job. 53 00:02:58,360 --> 00:03:01,800 Speaker 2: Well, and then we've also been live to by the 54 00:03:01,800 --> 00:03:04,880 Speaker 2: powers that be that you need to have these hot 55 00:03:04,960 --> 00:03:09,000 Speaker 2: you know, degrees in order to participate in the labor economy. 56 00:03:09,840 --> 00:03:13,320 Speaker 2: And and you've you've saddled a lot of people with 57 00:03:13,400 --> 00:03:16,079 Speaker 2: a lifetime of student debt that you know, of course 58 00:03:16,080 --> 00:03:19,240 Speaker 2: they're not going to be able to start investing when 59 00:03:19,240 --> 00:03:21,920 Speaker 2: they have to pay off these enormous student loans. The 60 00:03:22,000 --> 00:03:25,639 Speaker 2: overvaluation of college education, and the fact that we have 61 00:03:25,720 --> 00:03:31,000 Speaker 2: incentivized many Americans to move away from practical trades like 62 00:03:31,120 --> 00:03:35,360 Speaker 2: auto auto repair or plumbing or electrical work. I mean, 63 00:03:35,360 --> 00:03:38,160 Speaker 2: think about think about the value just in this building 64 00:03:38,240 --> 00:03:41,160 Speaker 2: that we've seen for electricians to wire up all of 65 00:03:41,200 --> 00:03:45,560 Speaker 2: these uh you know systems. Uh, the plumbers. Remember when 66 00:03:45,600 --> 00:03:47,920 Speaker 2: we moved in, I tried to use one of the 67 00:03:47,960 --> 00:03:53,600 Speaker 2: facilities in the toilet exploded. It just started started started 68 00:03:53,600 --> 00:03:56,240 Speaker 2: spraying water everywhere. Fortunately it was anything, it wasn't anything 69 00:03:56,280 --> 00:03:58,600 Speaker 2: other than just water, but you know, it could have 70 00:03:58,600 --> 00:04:00,480 Speaker 2: been a disaster. And the only way that going to 71 00:04:00,520 --> 00:04:03,440 Speaker 2: be fixed with that is with a plumber. And you know, 72 00:04:03,480 --> 00:04:07,680 Speaker 2: we have misled an entire generation of individuals trying to 73 00:04:07,680 --> 00:04:12,760 Speaker 2: get them to these expensive college degrees that have minimal 74 00:04:12,840 --> 00:04:16,279 Speaker 2: value or application for actually getting them a job.