1 00:00:00,320 --> 00:00:03,760 Speaker 1: You're listening to KFI AM six forty on demand. 2 00:00:05,600 --> 00:00:08,080 Speaker 2: Lou Penrose with you till ten o'clock. Good to be 3 00:00:08,160 --> 00:00:11,680 Speaker 2: with you, Thanks for tuning in. Numbers are coming out 4 00:00:11,800 --> 00:00:16,720 Speaker 2: in every category that shows that we're doing really well, 5 00:00:17,200 --> 00:00:20,799 Speaker 2: Like the economy is doing very well on all the 6 00:00:20,960 --> 00:00:23,280 Speaker 2: measurements that we use to determine that. 7 00:00:23,239 --> 00:00:24,360 Speaker 3: The economy is doing well. 8 00:00:24,480 --> 00:00:30,920 Speaker 2: Stock market setting record high's, unemployment down, American productivity up, spending, 9 00:00:31,000 --> 00:00:32,199 Speaker 2: consumer spending up. 10 00:00:32,360 --> 00:00:36,159 Speaker 3: Things are going well. Yet a lot of people. 11 00:00:36,040 --> 00:00:40,239 Speaker 2: Are not making the connection between good economic times and 12 00:00:40,320 --> 00:00:41,279 Speaker 2: their ability to. 13 00:00:42,840 --> 00:00:45,680 Speaker 3: Have prosperity. And that's a real bad disconnect. 14 00:00:46,040 --> 00:00:51,960 Speaker 2: Right now, gen Zers are getting criticized as being the 15 00:00:52,120 --> 00:00:57,639 Speaker 2: laziest entry level workforce, like in the history of America. 16 00:00:58,240 --> 00:01:00,279 Speaker 3: Gen Z's taken a hit. They're saying that the. 17 00:01:00,240 --> 00:01:02,960 Speaker 2: Gen Z people now, just to put in perspective, gen 18 00:01:03,080 --> 00:01:06,040 Speaker 2: Z is in nineties, nineteen ninety seven to twenty twelve, 19 00:01:06,600 --> 00:01:10,200 Speaker 2: so effectively eighteen year olds, I mean, as far as 20 00:01:10,280 --> 00:01:13,280 Speaker 2: work is concerned, eighteen year olds to twenty eight year olds. 21 00:01:13,360 --> 00:01:17,399 Speaker 2: So the entry level and bosses are saying these gen 22 00:01:17,520 --> 00:01:21,000 Speaker 2: zs are just really lazy, And the gen Z people 23 00:01:21,080 --> 00:01:23,600 Speaker 2: are coming back and saying we're not being lazy. 24 00:01:23,880 --> 00:01:26,560 Speaker 3: We're giving you what you give us. 25 00:01:27,000 --> 00:01:30,440 Speaker 2: We're giving you what we believe is the amount of 26 00:01:30,760 --> 00:01:34,959 Speaker 2: effort that is commensurate to the amount of pay I'm getting. 27 00:01:35,000 --> 00:01:36,080 Speaker 3: Am I getting any pay? 28 00:01:37,280 --> 00:01:42,040 Speaker 2: So it's a real interesting disconnect because I would say, 29 00:01:42,120 --> 00:01:48,480 Speaker 2: and I'm not a gen Z, I'm Gen X, So 30 00:01:48,840 --> 00:01:52,480 Speaker 2: I'm two categories above you. But I'm not done working. 31 00:01:53,320 --> 00:01:55,840 Speaker 2: And I'm here to tell you that conditions could not 32 00:01:55,960 --> 00:02:00,280 Speaker 2: be better. For you to have far more prosperity than 33 00:02:00,280 --> 00:02:04,920 Speaker 2: your parents, and far more prosperity than your grandparents. Economic 34 00:02:04,960 --> 00:02:08,360 Speaker 2: conditions could not be better. I mean, they are about 35 00:02:08,400 --> 00:02:11,840 Speaker 2: as good as it gets. If you can't be happy, 36 00:02:11,960 --> 00:02:16,240 Speaker 2: healthy and wise in these economic conditions, then there's something 37 00:02:16,280 --> 00:02:19,839 Speaker 2: wrong with you, not your boss. The unemployment numbers came out. 38 00:02:20,480 --> 00:02:23,760 Speaker 2: Oh my goodness, here's how it sounded on CNBC. 39 00:02:24,200 --> 00:02:25,360 Speaker 4: Now, let's look. 40 00:02:25,160 --> 00:02:29,760 Speaker 5: At the unemployment rate four point four, four point four. 41 00:02:30,480 --> 00:02:33,239 Speaker 5: We're expecting it to go down from four point six 42 00:02:33,320 --> 00:02:36,600 Speaker 5: to four point five, so it comes in less than expectations. 43 00:02:36,760 --> 00:02:39,280 Speaker 2: So it's now off the chart, off the charts, off 44 00:02:39,320 --> 00:02:45,600 Speaker 2: the charts. Low four is considered full employment. So once 45 00:02:45,639 --> 00:02:49,720 Speaker 2: we reach four point zero, there won't be any other 46 00:02:49,760 --> 00:02:54,520 Speaker 2: efforts to lower the unemployment rate because four is full employment, 47 00:02:54,760 --> 00:02:58,240 Speaker 2: the assumption being if ninety six percent of everybody that 48 00:02:58,360 --> 00:03:02,040 Speaker 2: wants a job is working, then that's about as good 49 00:03:02,040 --> 00:03:05,239 Speaker 2: as it gets at any given time, any given snapshot. 50 00:03:05,720 --> 00:03:08,919 Speaker 2: Americans are in and out of jobs, right you you 51 00:03:08,960 --> 00:03:11,400 Speaker 2: take a leave of absence, you go back to school 52 00:03:11,440 --> 00:03:15,040 Speaker 2: to get training, you drop out of the workforce, you 53 00:03:15,120 --> 00:03:17,440 Speaker 2: get fired, and you haven't found a new job yet. 54 00:03:17,440 --> 00:03:20,840 Speaker 2: Like that's that churn is always happening, and that happens 55 00:03:20,840 --> 00:03:22,000 Speaker 2: about four percent of the time. 56 00:03:22,760 --> 00:03:26,960 Speaker 3: So if we're at four, then it's up to you. 57 00:03:28,000 --> 00:03:30,359 Speaker 2: And we went the expectation was we were going to 58 00:03:30,400 --> 00:03:32,440 Speaker 2: go from four point five to four point four, and 59 00:03:32,440 --> 00:03:35,000 Speaker 2: we're at four point three, so we're on our way there. 60 00:03:35,320 --> 00:03:39,600 Speaker 2: Now you add to that productivity another measurement in how 61 00:03:39,640 --> 00:03:42,560 Speaker 2: good the economy is, and productivity is through. 62 00:03:42,360 --> 00:03:46,560 Speaker 5: The roof four point nine percent, extremely close to estimates 63 00:03:46,720 --> 00:03:48,840 Speaker 5: and a really solid number. 64 00:03:49,000 --> 00:03:50,080 Speaker 4: In the rear view mirror. 65 00:03:50,280 --> 00:03:53,440 Speaker 5: Three point three becomes four point one for the last 66 00:03:53,520 --> 00:03:56,960 Speaker 5: quarters final so four point nine, wow, you have to 67 00:03:56,960 --> 00:03:59,160 Speaker 5: go a long way back to find a higher number. 68 00:04:00,200 --> 00:04:04,080 Speaker 2: These great So productivity is off the charge, people are 69 00:04:04,320 --> 00:04:10,640 Speaker 2: making more with their time or producing more. The economy 70 00:04:10,680 --> 00:04:15,520 Speaker 2: is red hot, and the conditions could not be better 71 00:04:16,000 --> 00:04:19,760 Speaker 2: for somebody between the ages of eighteen and twenty eight 72 00:04:20,120 --> 00:04:25,640 Speaker 2: to take full advantage of what is out there, and 73 00:04:25,720 --> 00:04:28,320 Speaker 2: young people are just not doing it, and there is 74 00:04:28,360 --> 00:04:33,200 Speaker 2: this real belly aching going on about how they are 75 00:04:33,240 --> 00:04:36,640 Speaker 2: not getting paid and they don't see opportunities for them 76 00:04:36,680 --> 00:04:40,760 Speaker 2: to ever own their own home or live comfortably or 77 00:04:40,800 --> 00:04:44,160 Speaker 2: live like their parents. Some are saying they're putting off 78 00:04:44,240 --> 00:04:49,080 Speaker 2: starting a family because of economic uncertainty, and they may 79 00:04:49,200 --> 00:04:53,000 Speaker 2: feel that way, but it just isn't so the opportunity. 80 00:04:53,000 --> 00:04:56,279 Speaker 2: There's always economic uncertainty. You never know what's going to happen. 81 00:04:56,520 --> 00:04:59,039 Speaker 2: But you only get one time to be eighteen. You 82 00:04:59,040 --> 00:05:00,680 Speaker 2: want to get one time to be No, you want 83 00:05:00,720 --> 00:05:03,200 Speaker 2: to get one time to be twenty. People have made 84 00:05:03,400 --> 00:05:06,800 Speaker 2: good careers in bad economic times, so you ought to 85 00:05:06,800 --> 00:05:09,800 Speaker 2: be able to do it far more easily in good 86 00:05:09,839 --> 00:05:17,000 Speaker 2: economic times. And despite the political effort to paint the 87 00:05:17,080 --> 00:05:21,880 Speaker 2: economy as bad, it isn't. Let me tell you as 88 00:05:21,880 --> 00:05:26,359 Speaker 2: a straight shooter, these are good times. You ought to 89 00:05:26,400 --> 00:05:29,760 Speaker 2: be able to grab the American dream and run with it. 90 00:05:29,839 --> 00:05:33,039 Speaker 2: You ought to be able to make yourself fabulously successful 91 00:05:33,440 --> 00:05:36,080 Speaker 2: and have everything you've ever wanted to have and more, 92 00:05:36,680 --> 00:05:40,119 Speaker 2: because the conditions are just so good, and the opportunity 93 00:05:40,440 --> 00:05:43,360 Speaker 2: for a young person in America right now to become 94 00:05:43,560 --> 00:05:46,640 Speaker 2: fabulously wealthy has never been greater. 95 00:05:48,279 --> 00:05:49,359 Speaker 3: Let me say that again. 96 00:05:50,120 --> 00:05:52,760 Speaker 2: The opportunity for you, if you're gen Z, if you're 97 00:05:52,800 --> 00:05:54,560 Speaker 2: between the ages of eighteen and twenty eight in the 98 00:05:54,560 --> 00:05:59,400 Speaker 2: workforce right now, the opportunity for you to become fabulously 99 00:05:59,440 --> 00:06:06,520 Speaker 2: wealthy has never been greater. Ever, Stop talking about the 100 00:06:06,560 --> 00:06:09,719 Speaker 2: millionaires and billionaires and become one. 101 00:06:10,360 --> 00:06:14,600 Speaker 3: The opportunity for you to. 102 00:06:13,520 --> 00:06:17,480 Speaker 2: Move up the corporate ladder, or go on your own 103 00:06:18,279 --> 00:06:22,360 Speaker 2: and reinvent the mouse trap and market it for free 104 00:06:22,640 --> 00:06:25,440 Speaker 2: on TikTok, or to come up with a new idea 105 00:06:25,960 --> 00:06:32,000 Speaker 2: and marry venture capital with engineering and patent attorneys online 106 00:06:32,040 --> 00:06:39,760 Speaker 2: from your chair has never been greater. So take full 107 00:06:39,760 --> 00:06:42,880 Speaker 2: advantage of it. When we come back, we'll talk a 108 00:06:42,880 --> 00:06:45,320 Speaker 2: little bit about the other side. What gen Z is 109 00:06:45,360 --> 00:06:49,200 Speaker 2: saying about the workforce. They're saying, Look, Loue, that all 110 00:06:49,200 --> 00:06:51,960 Speaker 2: sounds wonderful, but I can barely afford my rent and 111 00:06:52,040 --> 00:06:54,839 Speaker 2: I'm not getting any raises anytime soon. And the people 112 00:06:54,880 --> 00:06:57,760 Speaker 2: that are working across the street are on the same boat. 113 00:06:57,839 --> 00:07:00,279 Speaker 2: I am, So, why are you telling me to go 114 00:07:00,320 --> 00:07:02,520 Speaker 2: out and work hard? Why is everybody saying it's all 115 00:07:02,520 --> 00:07:04,800 Speaker 2: about hard work. The harder I work, the no more 116 00:07:04,839 --> 00:07:07,720 Speaker 2: money I get. So I might as well mail in 117 00:07:07,800 --> 00:07:12,000 Speaker 2: my least effort because the boss is giving me the least. 118 00:07:12,040 --> 00:07:14,440 Speaker 2: He's only giving me what he's going to give me. 119 00:07:14,440 --> 00:07:15,720 Speaker 2: He's not going to give me any more, so it's 120 00:07:15,760 --> 00:07:18,040 Speaker 2: not worth it for me to try and impress him 121 00:07:18,440 --> 00:07:19,520 Speaker 2: with my best work. 122 00:07:20,120 --> 00:07:22,160 Speaker 3: Let's talk about that. That's coming up next. 123 00:07:22,840 --> 00:07:26,680 Speaker 1: You're listening to KFI AM six forty on demand. 124 00:07:28,080 --> 00:07:29,160 Speaker 3: Talking about gen Z. 125 00:07:29,240 --> 00:07:33,080 Speaker 2: They're getting criticized, well, their work ethic is getting criticized 126 00:07:33,160 --> 00:07:36,800 Speaker 2: again gen Z. In the workforce ages eighteen to twenty eight, 127 00:07:38,440 --> 00:07:42,520 Speaker 2: they're being called lazy, They're being called transactional. 128 00:07:43,560 --> 00:07:44,600 Speaker 3: And not motivated. 129 00:07:45,280 --> 00:07:50,640 Speaker 2: Now, in their defense, they are saying that they are 130 00:07:50,680 --> 00:07:54,960 Speaker 2: not failing at work, but work is failing them. They're 131 00:07:54,960 --> 00:07:59,240 Speaker 2: not getting paid enough money and they are miserable and 132 00:07:59,840 --> 00:08:02,320 Speaker 2: it doesn't seem to matter. They were told if they 133 00:08:02,360 --> 00:08:07,239 Speaker 2: got this very expensive college degree, then you know, sky's 134 00:08:07,280 --> 00:08:10,240 Speaker 2: a limit. When it came to salary and they're just 135 00:08:10,280 --> 00:08:13,840 Speaker 2: not seeing that. And they're paying student loans, and they're 136 00:08:13,840 --> 00:08:16,360 Speaker 2: paying rent and the cost of rents are going up, 137 00:08:17,120 --> 00:08:19,960 Speaker 2: and the cost of their social life is expensive, and 138 00:08:20,280 --> 00:08:22,600 Speaker 2: they don't see opportunity to make. 139 00:08:22,520 --> 00:08:24,360 Speaker 3: A lot more money. 140 00:08:25,920 --> 00:08:28,880 Speaker 2: So they have made the decision to be very transactional 141 00:08:29,000 --> 00:08:32,920 Speaker 2: about their performance and they're being very very open and 142 00:08:32,960 --> 00:08:38,160 Speaker 2: honest about it. But I, as a gen X person, 143 00:08:38,800 --> 00:08:42,760 Speaker 2: will tell you there is opportunity to make unbelievable amounts 144 00:08:42,760 --> 00:08:46,880 Speaker 2: of money. The conditions could never be better. And if 145 00:08:46,880 --> 00:08:51,280 Speaker 2: you want to be broke, just keep doing what you're doing. 146 00:08:51,920 --> 00:08:52,920 Speaker 3: But if you want to. 147 00:08:52,920 --> 00:08:56,520 Speaker 2: Be fabulously wealthy like the people that you are criticizing, 148 00:08:56,880 --> 00:09:00,559 Speaker 2: then you really need to have a mentality shift. 149 00:09:00,760 --> 00:09:00,960 Speaker 3: Here. 150 00:09:01,080 --> 00:09:04,800 Speaker 2: There's a this discussion is going on all over social media. 151 00:09:04,920 --> 00:09:08,679 Speaker 3: There's a podcast Patrick bet David, who. 152 00:09:08,480 --> 00:09:11,000 Speaker 2: Is a wealthy investor but started out really small, one 153 00:09:11,000 --> 00:09:13,880 Speaker 2: of those rags to richest stories, and he kind of 154 00:09:13,920 --> 00:09:15,840 Speaker 2: does that thing that a lot of people are doing. 155 00:09:16,040 --> 00:09:20,439 Speaker 2: He goes to young people two gen zers and challenges 156 00:09:20,480 --> 00:09:26,840 Speaker 2: them on YouTube or on his podcast. Uh, and it's 157 00:09:26,880 --> 00:09:31,840 Speaker 2: really great, it is, and he's not condescending, but the 158 00:09:31,920 --> 00:09:35,840 Speaker 2: reaction that he gets is from young people who basically 159 00:09:35,880 --> 00:09:38,680 Speaker 2: have given up on capitalism and the American dream. 160 00:09:38,760 --> 00:09:41,280 Speaker 6: Would you like to live off seven dollars five? 161 00:09:41,320 --> 00:09:44,560 Speaker 7: I used to work for four at Hagenda's right. Then 162 00:09:44,600 --> 00:09:47,440 Speaker 7: I worked out Burger King for four to seventy five. 163 00:09:48,280 --> 00:09:51,160 Speaker 7: Then I want to I make millions today, Then I work. 164 00:09:51,679 --> 00:09:55,120 Speaker 8: Capitalism because we're not making the difference, but the difference 165 00:09:55,600 --> 00:09:57,680 Speaker 8: taking the people in power the difference. 166 00:09:58,480 --> 00:09:59,800 Speaker 6: Carter, you should you should work again. 167 00:10:02,160 --> 00:10:05,920 Speaker 2: And that's that's the argument that's out there, that we 168 00:10:06,120 --> 00:10:10,280 Speaker 2: are in poverty, you are wealthy, and you are critiquing 169 00:10:10,600 --> 00:10:14,840 Speaker 2: how we are working. And he's saying right that my 170 00:10:14,960 --> 00:10:20,240 Speaker 2: goal is that you will not see yourself as shackled 171 00:10:20,480 --> 00:10:27,160 Speaker 2: to poverty, because that's what capitalism is all about. There's 172 00:10:27,200 --> 00:10:31,240 Speaker 2: too much discussion in this country right now about how 173 00:10:31,320 --> 00:10:35,040 Speaker 2: government can make things affordable, how government can increase your 174 00:10:35,120 --> 00:10:39,240 Speaker 2: quality of life, how government can raise your wages, how 175 00:10:39,320 --> 00:10:43,920 Speaker 2: government can bring your costs down, how government is responsible 176 00:10:43,920 --> 00:10:48,480 Speaker 2: to bring down your grocery bill, how government has given 177 00:10:48,520 --> 00:10:51,640 Speaker 2: you a cheaper Thanksgiving dinner. There's too much talk of 178 00:10:51,640 --> 00:10:55,719 Speaker 2: that government cannot in any government. I don't give it, 179 00:10:55,840 --> 00:10:59,520 Speaker 2: city government, state, government or the federal government. The government 180 00:10:59,520 --> 00:11:03,520 Speaker 2: cannot create jobs, the government cannot create wealth. The government 181 00:11:03,559 --> 00:11:08,560 Speaker 2: can't create your quality of life. The government can, with 182 00:11:08,720 --> 00:11:15,360 Speaker 2: good policy, create conditions in which you can increase your 183 00:11:15,440 --> 00:11:20,000 Speaker 2: quality of life more easily, can create conditions in which 184 00:11:20,080 --> 00:11:26,840 Speaker 2: you can get a higher wage. And that last step 185 00:11:27,120 --> 00:11:33,400 Speaker 2: is the disconnect I think between people in the millennials 186 00:11:33,440 --> 00:11:36,080 Speaker 2: and Gen xers and certainly the boomers although they were 187 00:11:36,080 --> 00:11:42,240 Speaker 2: retiring now, and Gen Z. The disconnect is all we 188 00:11:42,480 --> 00:11:47,040 Speaker 2: ever promised was to create the condition where you could 189 00:11:47,080 --> 00:11:51,400 Speaker 2: become fabulously wealthy or very comfortable, whatever your definition of 190 00:11:51,440 --> 00:11:54,520 Speaker 2: wealth is. I don't like the terms rich and poor. 191 00:11:55,240 --> 00:11:59,880 Speaker 2: We use them because they're quick and easy and they illustrate. 192 00:11:59,640 --> 00:12:03,240 Speaker 3: What we're trying to say. But rich and poor are lazy. 193 00:12:02,960 --> 00:12:09,520 Speaker 2: Terms, right, I mean, there are people who are of 194 00:12:09,720 --> 00:12:16,480 Speaker 2: means and are unhappy, and there are people with meager 195 00:12:16,559 --> 00:12:20,280 Speaker 2: means and are happier than you and me. So rich 196 00:12:20,320 --> 00:12:24,439 Speaker 2: and poor is not very useful. But when we talk 197 00:12:24,480 --> 00:12:29,040 Speaker 2: about terms like enjoying your life, having enough money to 198 00:12:29,120 --> 00:12:33,000 Speaker 2: enjoy your life feel like your day's work was worth 199 00:12:33,040 --> 00:12:39,679 Speaker 2: it because the pay was equal to the effort and 200 00:12:39,760 --> 00:12:43,600 Speaker 2: provided you with just what you need enough money to 201 00:12:43,679 --> 00:12:47,280 Speaker 2: enjoy your life, whatever enjoyment of that, whatever that means 202 00:12:47,280 --> 00:12:49,440 Speaker 2: to you. You want to live in Los Angeles and 203 00:12:49,520 --> 00:12:53,480 Speaker 2: enjoy life, Well, you're gonna need more money, right, But 204 00:12:53,520 --> 00:12:55,960 Speaker 2: at the end of the day, it's always a trade. 205 00:12:56,080 --> 00:12:57,760 Speaker 3: You're always your own CEO. 206 00:12:58,280 --> 00:13:01,160 Speaker 2: You are the CEO of your own salary, you are 207 00:13:01,200 --> 00:13:04,200 Speaker 2: the CEO of your own job, You're the CEO of 208 00:13:04,280 --> 00:13:06,520 Speaker 2: your own time, You're the CEO of your own career. 209 00:13:06,679 --> 00:13:07,680 Speaker 3: Even if you're working. 210 00:13:07,440 --> 00:13:10,559 Speaker 2: For somebody else, you are still the chief executive officer 211 00:13:10,640 --> 00:13:16,280 Speaker 2: of you. So you trade your eight hours and whatever 212 00:13:16,400 --> 00:13:24,200 Speaker 2: skill you bring in exchange for your paycheck. And you 213 00:13:24,280 --> 00:13:26,880 Speaker 2: made that deal. If you don't like that deal, then 214 00:13:26,960 --> 00:13:32,199 Speaker 2: change the deal. But you have to run it instead 215 00:13:32,240 --> 00:13:36,000 Speaker 2: of waiting for life to happen to you. And that's 216 00:13:36,040 --> 00:13:37,880 Speaker 2: what was going on on this podcast. I think Bet 217 00:13:37,960 --> 00:13:40,800 Speaker 2: David did a good job, but she's fighting back. 218 00:13:40,920 --> 00:13:44,400 Speaker 7: I hope is that you believe you can change and improve, 219 00:13:44,720 --> 00:13:46,520 Speaker 7: that you believe you can upgrade yourself. 220 00:13:46,559 --> 00:13:47,640 Speaker 4: That's my how you know. 221 00:13:47,760 --> 00:13:50,400 Speaker 6: That's what rich people like you want to keep telling us. 222 00:13:50,480 --> 00:13:52,280 Speaker 2: But you can be I love that that's what rich 223 00:13:52,320 --> 00:13:54,959 Speaker 2: people like you want to keep telling us, don't. 224 00:13:54,760 --> 00:13:58,680 Speaker 3: You want to be rich? I don't understand. 225 00:13:59,480 --> 00:14:02,320 Speaker 2: I hear a lot of the criticizing of the millionaires 226 00:14:02,320 --> 00:14:05,560 Speaker 2: and the billionaires not paying their fair share. So you 227 00:14:05,760 --> 00:14:10,679 Speaker 2: then if you agree with that, you certainly agree that 228 00:14:10,720 --> 00:14:15,760 Speaker 2: they have more than you. You can't be unhappy that 229 00:14:15,840 --> 00:14:18,200 Speaker 2: you don't have enough money and you're in poverty. But 230 00:14:18,240 --> 00:14:20,760 Speaker 2: then rich people like you are telling us how to live. 231 00:14:22,560 --> 00:14:24,480 Speaker 2: If you want to be rich, do what rich people do. 232 00:14:24,880 --> 00:14:26,200 Speaker 2: Lou Penro's rule number five. 233 00:14:26,280 --> 00:14:27,440 Speaker 4: That's very you know what. 234 00:14:27,480 --> 00:14:30,120 Speaker 6: That's what rich people like you want to keep telling us. 235 00:14:30,200 --> 00:14:32,040 Speaker 6: But you can be just like me. Do you want 236 00:14:32,040 --> 00:14:33,520 Speaker 6: to be like me? If you were hard of me? 237 00:14:35,760 --> 00:14:37,640 Speaker 3: It's not very realistic. It is realistic. 238 00:14:37,680 --> 00:14:41,840 Speaker 2: It actually is quite simple. It's far more realistic and simple. 239 00:14:42,200 --> 00:14:45,840 Speaker 2: Then a lot of people want to get brain space toward. 240 00:14:47,000 --> 00:14:49,600 Speaker 2: But it is because he's living proof of it, and 241 00:14:49,640 --> 00:14:53,080 Speaker 2: there are people all around us that have went from 242 00:14:53,160 --> 00:14:57,280 Speaker 2: rags to riches that started. In this case, he worked 243 00:14:57,280 --> 00:14:59,800 Speaker 2: at Hagen DAWs and then went to work at Burger King, 244 00:15:00,200 --> 00:15:02,720 Speaker 2: and then went to work at Bob's Big Boy, and 245 00:15:02,760 --> 00:15:06,920 Speaker 2: now is a billionaire with enough time to talk to you. 246 00:15:11,440 --> 00:15:14,400 Speaker 2: And then he calls around. He said, you know, that's 247 00:15:14,440 --> 00:15:17,960 Speaker 2: the question, isn't it. Are you willing to work hard? 248 00:15:18,040 --> 00:15:19,480 Speaker 7: You wouldn't be able to be like me because you 249 00:15:19,480 --> 00:15:22,240 Speaker 7: wouldn't work that hard. Would you work that hard? 250 00:15:23,040 --> 00:15:25,920 Speaker 8: I want to answer that I don't have to measure 251 00:15:26,240 --> 00:15:29,120 Speaker 8: my like I don't have to measure my work ethic. 252 00:15:28,920 --> 00:15:29,600 Speaker 6: To be worthy. 253 00:15:30,040 --> 00:15:31,920 Speaker 7: You don't have to, then you can't be upset for 254 00:15:31,960 --> 00:15:32,680 Speaker 7: others who do so. 255 00:15:32,960 --> 00:15:34,320 Speaker 3: Yeah, that is she's wrong. 256 00:15:34,880 --> 00:15:37,720 Speaker 2: You do have to measure your work ethic to be worthy. 257 00:15:37,800 --> 00:15:44,720 Speaker 2: By literal definition. If you're not worth being paid more, 258 00:15:45,240 --> 00:15:47,480 Speaker 2: you're not worthy of more pay. 259 00:15:49,560 --> 00:15:52,160 Speaker 3: So she's got it wrong, and he's right. 260 00:15:53,400 --> 00:15:57,280 Speaker 1: You're listening to KFI A M six forty on demand. 261 00:15:58,400 --> 00:16:01,760 Speaker 2: Blue Penrose with you till ten talking about the argument 262 00:16:01,840 --> 00:16:05,240 Speaker 2: that gen Z are the laziest. They are just the 263 00:16:05,320 --> 00:16:09,200 Speaker 2: laziest generation in the workforce. Gen Z are eighteen to 264 00:16:09,240 --> 00:16:11,920 Speaker 2: twenty eight. That's the hit that they're being lazy. The 265 00:16:12,000 --> 00:16:15,600 Speaker 2: gen Z retort to that argument is, we're not lazy. 266 00:16:16,360 --> 00:16:19,200 Speaker 2: We don't like the situation. We don't like how we're 267 00:16:19,200 --> 00:16:21,720 Speaker 2: getting paid. We're not getting paid enough. We were told 268 00:16:21,720 --> 00:16:23,680 Speaker 2: we're going to make far more money. We were told 269 00:16:23,720 --> 00:16:26,240 Speaker 2: we'd be millionaires by twenty eight and it's just not 270 00:16:26,360 --> 00:16:34,240 Speaker 2: working out. So we are giving the minimum and that's 271 00:16:34,280 --> 00:16:35,160 Speaker 2: not going to cut it. 272 00:16:35,160 --> 00:16:36,080 Speaker 3: It's not going to work. 273 00:16:37,560 --> 00:16:41,960 Speaker 2: And I appreciate the disconnect that they cannot seem to 274 00:16:42,600 --> 00:16:49,080 Speaker 2: harness the opportunity. But the reality is the opportunity has 275 00:16:49,080 --> 00:16:52,960 Speaker 2: never been greater. Unemployment is about as low as it's 276 00:16:53,000 --> 00:16:57,920 Speaker 2: going to get. Productivity is high. I mean job opportunities, 277 00:16:58,200 --> 00:17:04,160 Speaker 2: wages are going up, and your opportunity to be fabulously 278 00:17:04,200 --> 00:17:08,399 Speaker 2: wealthy over the years of eighteen and sixty in your 279 00:17:08,440 --> 00:17:11,879 Speaker 2: lifetime in America right now has never been greater ever. 280 00:17:14,240 --> 00:17:20,159 Speaker 2: But the government only creates opportunities to become successful. The 281 00:17:20,200 --> 00:17:21,800 Speaker 2: rest of it is one hundred percent up to you. 282 00:17:21,920 --> 00:17:24,720 Speaker 9: I'm a millennial, I've been working for around eleven years now, 283 00:17:25,400 --> 00:17:29,560 Speaker 9: and hard work isn't the only thing that's going to 284 00:17:29,640 --> 00:17:33,360 Speaker 9: help you succeed. It's also connections. You've got to talk 285 00:17:33,400 --> 00:17:35,160 Speaker 9: to the right people. You've got to get out there 286 00:17:35,520 --> 00:17:39,240 Speaker 9: and build your network. And a lot of people today, 287 00:17:39,359 --> 00:17:42,240 Speaker 9: like gen Z, they're too scared to talk to people. 288 00:17:42,400 --> 00:17:44,960 Speaker 9: They want the people to come to them, and that's 289 00:17:45,000 --> 00:17:45,960 Speaker 9: not how stuff works. 290 00:17:46,240 --> 00:17:52,360 Speaker 2: So Pittbull says, ask for money, get advice, ask for advice, 291 00:17:52,880 --> 00:17:56,560 Speaker 2: get money twice. So I agree with you. You do 292 00:17:56,640 --> 00:18:00,199 Speaker 2: need to ask. Ask is an important thing you have 293 00:18:00,240 --> 00:18:03,760 Speaker 2: to learn to ask. I don't agree that gen Z 294 00:18:03,960 --> 00:18:05,439 Speaker 2: are afraid to talk to people. 295 00:18:05,480 --> 00:18:06,360 Speaker 3: They talk to each other. 296 00:18:08,080 --> 00:18:11,200 Speaker 2: They may be intimidated, you know, to go to a 297 00:18:11,359 --> 00:18:14,640 Speaker 2: Patrick that David podcast and debate him. 298 00:18:15,800 --> 00:18:16,440 Speaker 3: And it's. 299 00:18:18,119 --> 00:18:20,920 Speaker 2: Connect I don't like the word connections because it implies 300 00:18:21,040 --> 00:18:25,200 Speaker 2: that somehow you'll get the corner office because your dad 301 00:18:25,280 --> 00:18:29,080 Speaker 2: knew the boss. It's not so much connections, it's just relationships. 302 00:18:30,720 --> 00:18:34,119 Speaker 2: And yeah, you should be building professional relationships in the 303 00:18:34,200 --> 00:18:38,160 Speaker 2: career that you that you see, but it's but you. 304 00:18:38,119 --> 00:18:40,240 Speaker 3: Know, that's secondary. It really is you. 305 00:18:40,240 --> 00:18:44,480 Speaker 2: You can become very successful without relationships. You can become 306 00:18:44,560 --> 00:18:48,080 Speaker 2: very successful without connections. You can do it all yourself. 307 00:18:50,280 --> 00:18:54,280 Speaker 2: I mean, ultimately you will have relationships and connections to 308 00:18:54,320 --> 00:18:56,640 Speaker 2: other successful people, but you can get there on your own. 309 00:18:56,960 --> 00:18:59,920 Speaker 2: It's it's the mindset of being in charge of yourself 310 00:19:00,280 --> 00:19:06,199 Speaker 2: instead of waiting for other for things to happen. And 311 00:19:06,280 --> 00:19:08,760 Speaker 2: I think that's what he was getting at in this podcast. 312 00:19:08,880 --> 00:19:11,240 Speaker 2: And I'll tell you what the gen z Ers that's 313 00:19:11,520 --> 00:19:13,320 Speaker 2: stepped up to debate him. 314 00:19:13,840 --> 00:19:14,600 Speaker 3: They weren't getting it. 315 00:19:14,640 --> 00:19:17,879 Speaker 10: Bottom two quintiles can't pay taxes because they quite literally 316 00:19:17,880 --> 00:19:20,600 Speaker 10: have no wealth. Do you understand that, like the bottom 317 00:19:20,800 --> 00:19:23,880 Speaker 10: quintile of the United States doesn't have any wealth. In fact, 318 00:19:23,880 --> 00:19:26,480 Speaker 10: they're in depth, so they have literally like negative wealth. 319 00:19:26,480 --> 00:19:30,320 Speaker 2: All right, So here's a smart alec mouthy you know, 320 00:19:30,840 --> 00:19:32,080 Speaker 2: want to be economists. 321 00:19:32,200 --> 00:19:37,040 Speaker 3: She gets up there, the bottom two q quintuple. What 322 00:19:37,080 --> 00:19:37,480 Speaker 3: was it with? 323 00:19:37,640 --> 00:19:39,439 Speaker 10: Kind of bottom two quintiles? 324 00:19:39,640 --> 00:19:40,720 Speaker 3: Bottom two quintiles? 325 00:19:40,880 --> 00:19:44,200 Speaker 2: Okay, so in her brain she's divided America into five 326 00:19:44,400 --> 00:19:49,320 Speaker 2: categories of earners, and the bottom two of the five, 327 00:19:49,880 --> 00:19:52,480 Speaker 2: she says, has no wealth. Therefore they can pay no 328 00:19:52,600 --> 00:19:56,959 Speaker 2: taxes and are stuck there. That is an economic falsehood. 329 00:19:57,160 --> 00:20:01,560 Speaker 2: That is incorrect. I don't care what quintile you're in. 330 00:20:02,119 --> 00:20:07,600 Speaker 2: You do have wealth. Your wealth is your time. Your 331 00:20:07,640 --> 00:20:12,320 Speaker 2: wealth is your skills. Your wealth is your trade, Your 332 00:20:12,359 --> 00:20:17,199 Speaker 2: wealth is your education. You then go into the workforce 333 00:20:17,560 --> 00:20:23,160 Speaker 2: and exchange your wealth for the boss's wealth. You give 334 00:20:23,200 --> 00:20:31,000 Speaker 2: your eight hours in exchange for cash. Cash isn't the 335 00:20:31,040 --> 00:20:41,720 Speaker 2: only wealth. Skill is wealth. Time is wealth. So all 336 00:20:41,720 --> 00:20:47,680 Speaker 2: that's happening is you're exchanging your time for dollars. If 337 00:20:47,720 --> 00:20:50,199 Speaker 2: you want dollars, you have to offer time, you have 338 00:20:50,240 --> 00:20:53,720 Speaker 2: to offer skill, you have to offer something. So that's 339 00:20:53,720 --> 00:20:56,879 Speaker 2: a that's a it's an incorrect economic argument from an idiot. 340 00:20:57,640 --> 00:21:01,199 Speaker 2: But I love that Bet David asked the right question. 341 00:21:02,160 --> 00:21:03,480 Speaker 2: When she's so snarky about it. 342 00:21:03,520 --> 00:21:04,320 Speaker 4: Why do you think that is? 343 00:21:04,760 --> 00:21:05,239 Speaker 3: I love that. 344 00:21:05,640 --> 00:21:08,119 Speaker 2: Why do you think that is? Why do you think 345 00:21:08,280 --> 00:21:13,199 Speaker 2: that is? That the bottom twenty percent of all workers 346 00:21:13,240 --> 00:21:15,520 Speaker 2: in the United States have zero There's no such thing 347 00:21:15,520 --> 00:21:16,399 Speaker 2: as negative wealth. 348 00:21:16,520 --> 00:21:17,720 Speaker 3: That's stupid. 349 00:21:18,840 --> 00:21:22,960 Speaker 2: You're just they aren't making as much money as they want. 350 00:21:23,760 --> 00:21:28,240 Speaker 2: And if you're overspending and you're not making enough money, 351 00:21:28,280 --> 00:21:29,280 Speaker 2: then you're upside down. 352 00:21:29,400 --> 00:21:31,680 Speaker 3: But that's not negative wealth. That's a stupid term. 353 00:21:31,800 --> 00:21:32,560 Speaker 4: Why do you think that is? 354 00:21:32,840 --> 00:21:34,399 Speaker 10: I think that's for a lot of reasons. I think 355 00:21:34,440 --> 00:21:36,560 Speaker 10: that's because workers have been exploited. I think that they 356 00:21:36,600 --> 00:21:39,320 Speaker 10: haven't had the opportunity to gain social mobility. Why do 357 00:21:39,320 --> 00:21:41,879 Speaker 10: you think that is because of exploitation? 358 00:21:42,280 --> 00:21:44,959 Speaker 7: You think they're being exploited? Yes, Oh, so people are 359 00:21:45,000 --> 00:21:47,200 Speaker 7: being forced to work at companies. They don't have a choice. 360 00:21:47,200 --> 00:21:49,439 Speaker 10: I didn't say that they were sure are getting They 361 00:21:49,440 --> 00:21:51,879 Speaker 10: are being forced if the other option is starved. 362 00:21:52,040 --> 00:21:53,159 Speaker 4: The job do you have right now? What do you 363 00:21:53,160 --> 00:21:53,640 Speaker 4: do for a living? 364 00:21:54,000 --> 00:21:55,679 Speaker 10: I do work from home stuff. 365 00:21:55,720 --> 00:21:57,760 Speaker 2: Oh, work from home stuff. I wonder how that fits 366 00:21:57,840 --> 00:22:01,800 Speaker 2: on the business card, work from home stuff. 367 00:22:02,960 --> 00:22:06,520 Speaker 3: Starve or die? What are you talking about? 368 00:22:06,720 --> 00:22:11,919 Speaker 2: Your sole obligation here on planet Earth is to earn 369 00:22:12,200 --> 00:22:17,040 Speaker 2: enough money to feed yourself to stay alive. That that's 370 00:22:17,080 --> 00:22:20,440 Speaker 2: your sole obligation. You have zero further obligation. 371 00:22:20,960 --> 00:22:21,880 Speaker 3: You don't have to. 372 00:22:23,359 --> 00:22:26,479 Speaker 2: Write poetry, you don't have to start a family, you 373 00:22:26,520 --> 00:22:28,600 Speaker 2: don't have to really produce anything. 374 00:22:29,040 --> 00:22:32,800 Speaker 3: You don't have to do much. You don't have to 375 00:22:32,840 --> 00:22:33,359 Speaker 3: impress me. 376 00:22:33,640 --> 00:22:37,639 Speaker 2: Your sole obligation is to earn enough money to feed 377 00:22:37,720 --> 00:22:38,959 Speaker 2: yourself to stay alive. 378 00:22:39,560 --> 00:22:42,159 Speaker 3: So, when you're saying that you're you're you have to be, 379 00:22:42,280 --> 00:22:43,760 Speaker 3: you're allowed to be your you're exploited. 380 00:22:43,760 --> 00:22:46,760 Speaker 2: You're exploited because your choices are to starve or die. 381 00:22:47,359 --> 00:22:49,000 Speaker 3: That is the choice. What do you think the rest 382 00:22:49,040 --> 00:22:50,000 Speaker 3: of us choose? Every day? 383 00:22:50,119 --> 00:22:59,040 Speaker 2: We choose to not die. So she's got it backwards, unbelievable. 384 00:22:59,119 --> 00:23:03,080 Speaker 11: The question is how did he get wealthy? Was it 385 00:23:03,119 --> 00:23:07,639 Speaker 11: about just pure accident or did he develop some type 386 00:23:07,560 --> 00:23:11,360 Speaker 11: of software, invent something. How did he get wealthy? 387 00:23:11,920 --> 00:23:12,640 Speaker 9: Did he get. 388 00:23:12,440 --> 00:23:14,840 Speaker 11: Wealthy working four dollars and twenty five cents an hour 389 00:23:14,840 --> 00:23:18,440 Speaker 11: at Burger Kang. Well, you know, let's tell us how 390 00:23:19,600 --> 00:23:25,040 Speaker 11: because most people get wealthed by hand me downs, not 391 00:23:25,800 --> 00:23:26,840 Speaker 11: invented anything. 392 00:23:26,960 --> 00:23:28,800 Speaker 3: Now that's actually incorrect. 393 00:23:29,359 --> 00:23:32,480 Speaker 2: Sixty seven percent of the Forbes five hundred are self made. 394 00:23:33,320 --> 00:23:37,720 Speaker 2: Eighty percent of American billionaires are self made. They were 395 00:23:37,760 --> 00:23:43,000 Speaker 2: not gifted wealth, So that is one hundred percent false. 396 00:23:43,119 --> 00:23:46,240 Speaker 2: And I would argue that, yes, he became wealthy by 397 00:23:46,280 --> 00:23:47,159 Speaker 2: working at Burger King. 398 00:23:47,400 --> 00:23:48,320 Speaker 3: That that's what he said. 399 00:23:48,840 --> 00:23:52,720 Speaker 2: He said, I started at Burger King, So his wealth 400 00:23:53,119 --> 00:23:58,800 Speaker 2: trajectory started by trading in his eight hours for four 401 00:23:58,840 --> 00:24:02,080 Speaker 2: dollars and twenty five cents an hour making whoppers and 402 00:24:02,119 --> 00:24:04,080 Speaker 2: whoppers with cheese. 403 00:24:04,400 --> 00:24:04,880 Speaker 3: And then he. 404 00:24:04,880 --> 00:24:08,280 Speaker 2: Doubled and doubled and doubled and doubled. But it's this like, 405 00:24:08,359 --> 00:24:11,520 Speaker 2: he's the same, His time is the same. He probably 406 00:24:11,600 --> 00:24:15,679 Speaker 2: gained more skill over time, so his exchange for his 407 00:24:15,800 --> 00:24:18,919 Speaker 2: time was more valuable than four dollars and twenty five cents. 408 00:24:20,800 --> 00:24:23,160 Speaker 2: But he only has so many hours in the day. 409 00:24:23,200 --> 00:24:27,640 Speaker 3: We all do. I appreciate the call. 410 00:24:27,720 --> 00:24:31,080 Speaker 4: Okay, so you chose to do that, right, that's your choice. 411 00:24:31,240 --> 00:24:33,960 Speaker 7: Great if somebody works out Starbucks for as a barista, 412 00:24:34,000 --> 00:24:36,840 Speaker 7: it's their choice. If somebody has a job that they're working, 413 00:24:36,880 --> 00:24:40,359 Speaker 7: it's their choice. If somebody is not utilizing their time 414 00:24:40,480 --> 00:24:42,520 Speaker 7: properly and accordingly, of course. 415 00:24:42,280 --> 00:24:45,600 Speaker 3: The market you choices. She's done. 416 00:24:46,040 --> 00:24:48,640 Speaker 2: The good news is she's a cutie pie, so she 417 00:24:48,880 --> 00:24:52,280 Speaker 2: will get married. And she went up to worry her 418 00:24:52,800 --> 00:24:56,600 Speaker 2: herself about this. But the reality is, if you insist 419 00:24:56,880 --> 00:25:02,680 Speaker 2: on being poor, you will be lou penro'se rule number five. 420 00:25:02,880 --> 00:25:04,720 Speaker 2: If you want to be rich, do what rich people do. 421 00:25:05,400 --> 00:25:07,800 Speaker 2: It works the other way too. If you want to 422 00:25:07,800 --> 00:25:10,320 Speaker 2: be broke, do what broke people do. If you want 423 00:25:10,359 --> 00:25:12,920 Speaker 2: to be fit, do what fit people do. If you 424 00:25:12,960 --> 00:25:14,840 Speaker 2: want to be fat, do what fat people do. I mean, 425 00:25:14,880 --> 00:25:18,320 Speaker 2: these rules are pretty good and they work every time. 426 00:25:19,160 --> 00:25:22,960 Speaker 1: You're listening to KFI A six on demand. 427 00:25:26,880 --> 00:25:30,640 Speaker 2: Following the news at eight o'clock. A deeper dive has 428 00:25:30,720 --> 00:25:39,800 Speaker 2: been done into the people that populate these ice, these 429 00:25:39,840 --> 00:25:46,600 Speaker 2: anti ice demonstrations, and it's very interesting the disproportionate amount 430 00:25:46,800 --> 00:25:51,080 Speaker 2: of white women that are involved, the amount of white 431 00:25:51,080 --> 00:25:53,920 Speaker 2: women that you see demonstrating the amount of white women 432 00:25:53,960 --> 00:25:57,680 Speaker 2: that you see at press conferences. I mean, it's it's 433 00:25:57,520 --> 00:26:00,119 Speaker 2: it's worthy of a deeper dive, and people have and 434 00:26:00,200 --> 00:26:03,800 Speaker 2: doing that deeper dive, and it's generated a whole bunch 435 00:26:03,880 --> 00:26:08,320 Speaker 2: of theories as to why these white women under the 436 00:26:08,359 --> 00:26:13,840 Speaker 2: age of forty are all out in the cold, facing 437 00:26:14,280 --> 00:26:18,760 Speaker 2: tear gas, pepper spray, all kinds of problems out there, 438 00:26:18,840 --> 00:26:22,359 Speaker 2: What are they doing, why are they uniquely driven the 439 00:26:22,680 --> 00:26:28,000 Speaker 2: homogeneousness of these of these demonstrations, So we'll share that 440 00:26:28,040 --> 00:26:30,320 Speaker 2: with you. That's all coming up right now, talking about 441 00:26:30,400 --> 00:26:34,200 Speaker 2: the wrap gen Z is getting about being the laziest 442 00:26:34,600 --> 00:26:40,040 Speaker 2: of any generation, and their pushback is, look, we just 443 00:26:40,119 --> 00:26:43,639 Speaker 2: don't see our star rising, we don't see our quality 444 00:26:43,640 --> 00:26:48,440 Speaker 2: of life ascending, and we're just we're not getting out of. 445 00:26:48,359 --> 00:26:50,080 Speaker 3: Work what we thought we would get out of work. 446 00:26:50,320 --> 00:26:54,320 Speaker 2: And I honestly think that is our fault, like as 447 00:26:54,320 --> 00:27:00,040 Speaker 2: a society, we didn't We were having so many really. 448 00:26:59,800 --> 00:27:02,600 Speaker 3: From the since. 449 00:27:01,840 --> 00:27:05,360 Speaker 2: The early days of the Obama administration, and we went 450 00:27:05,400 --> 00:27:09,040 Speaker 2: into the Great Recession and just things were not good 451 00:27:09,080 --> 00:27:13,520 Speaker 2: for so long, and I think America was just the 452 00:27:13,560 --> 00:27:16,840 Speaker 2: economy was just sticky and it wasn't moving, and people 453 00:27:16,960 --> 00:27:20,240 Speaker 2: just didn't seem to get ahead. And once we figured 454 00:27:20,240 --> 00:27:24,160 Speaker 2: out that it was the economic policies that were keeping 455 00:27:25,240 --> 00:27:33,160 Speaker 2: really the economic engine tied down, and now we're doing 456 00:27:33,160 --> 00:27:33,560 Speaker 2: so well. 457 00:27:33,640 --> 00:27:35,199 Speaker 3: I mean, the economy is hot. No matter how you 458 00:27:35,200 --> 00:27:36,680 Speaker 3: want to slice it, the economy is hot. 459 00:27:37,000 --> 00:27:41,040 Speaker 2: We failed to offer that second part of the answer, 460 00:27:41,119 --> 00:27:46,719 Speaker 2: and that is, now that economic opportunities are unbridled, you 461 00:27:47,320 --> 00:27:50,479 Speaker 2: have to go out and grab the bull by the 462 00:27:50,600 --> 00:27:55,959 Speaker 2: horns and ride yourself into a better quality of life. 463 00:27:56,160 --> 00:27:58,280 Speaker 3: And a lot of gen Zers are just not loving it. 464 00:27:58,520 --> 00:28:03,360 Speaker 11: Well, if they're a pen why not give them the minimum? 465 00:28:03,560 --> 00:28:04,439 Speaker 3: Sounds fair to me? 466 00:28:05,080 --> 00:28:06,440 Speaker 4: Why don't it sounds fair to you? 467 00:28:06,520 --> 00:28:09,080 Speaker 2: Yeah, let me explain right, that's the gen Z argument. 468 00:28:09,600 --> 00:28:12,320 Speaker 2: I'm getting paid the minimum, so I am going to 469 00:28:12,640 --> 00:28:16,000 Speaker 2: offer the minimum. That isn't the deal you cut when 470 00:28:16,040 --> 00:28:21,240 Speaker 2: you accepted the job. You accepted the terms and conditions 471 00:28:21,400 --> 00:28:25,399 Speaker 2: of the job. You did know what the salary was 472 00:28:26,720 --> 00:28:30,520 Speaker 2: before you agreed to start work on Monday. That is 473 00:28:30,600 --> 00:28:36,760 Speaker 2: the salary. Don't leave the HR meeting saying yes, I'll 474 00:28:36,760 --> 00:28:40,160 Speaker 2: be here on Monday and then bitchy about the salary. 475 00:28:40,200 --> 00:28:40,920 Speaker 3: That's the deal. 476 00:28:41,640 --> 00:28:45,200 Speaker 2: You are completely in control because you have something they 477 00:28:45,200 --> 00:28:48,720 Speaker 2: don't have. You have your skill, your education, and your 478 00:28:48,760 --> 00:28:53,560 Speaker 2: eight hours. All they have is the cash, and that's 479 00:28:53,600 --> 00:28:58,920 Speaker 2: all that's happening. You're trading your labor for their cash, 480 00:28:59,240 --> 00:29:01,640 Speaker 2: so you have well, they have wealth and you're exchanging it. 481 00:29:03,080 --> 00:29:05,080 Speaker 3: But the deal is you will bring your. 482 00:29:04,960 --> 00:29:08,920 Speaker 2: A game for the eight hours and they will pay 483 00:29:08,960 --> 00:29:13,040 Speaker 2: you the cash. So saying I'm going to do the 484 00:29:13,040 --> 00:29:15,600 Speaker 2: bare minimum is cheating. 485 00:29:18,200 --> 00:29:19,680 Speaker 3: It's not the deal, Hey, lou. 486 00:29:19,920 --> 00:29:23,360 Speaker 12: The most frustrating thing to me is that this generation, 487 00:29:23,640 --> 00:29:27,280 Speaker 12: for whatever reason, can't get out of their own way, 488 00:29:27,640 --> 00:29:31,200 Speaker 12: and they don't realize that every generation felt that way 489 00:29:31,240 --> 00:29:34,240 Speaker 12: at some point in time. I'm in my early sixties. 490 00:29:34,400 --> 00:29:37,680 Speaker 12: Somehow I was able to buy a house, start a business, 491 00:29:37,840 --> 00:29:40,760 Speaker 12: have a family, do all those things. It just took 492 00:29:40,840 --> 00:29:42,400 Speaker 12: a hell of a lot of work and time. 493 00:29:42,520 --> 00:29:44,440 Speaker 2: Yeah, it takes work and time, but that's what you 494 00:29:44,560 --> 00:29:46,960 Speaker 2: have when you are young, when like, yeah, I get 495 00:29:47,000 --> 00:29:47,480 Speaker 2: what you're saying. 496 00:29:47,520 --> 00:29:48,760 Speaker 3: Everybody was gen z. 497 00:29:49,240 --> 00:29:51,920 Speaker 2: Everybody was eighteen to twenty eight at some point and 498 00:29:51,960 --> 00:29:53,800 Speaker 2: everybody had to work. 499 00:29:56,320 --> 00:29:58,960 Speaker 3: So it takes working time. But you at eighteen you 500 00:29:59,040 --> 00:29:59,840 Speaker 3: have work in time. 501 00:30:00,120 --> 00:30:02,160 Speaker 2: You have plenty of work, plenty of time, you can 502 00:30:02,240 --> 00:30:05,880 Speaker 2: work more hours, you can do some like the gig 503 00:30:05,920 --> 00:30:06,560 Speaker 2: economy is. 504 00:30:06,560 --> 00:30:08,440 Speaker 3: An unbelievable wealth creator. 505 00:30:09,880 --> 00:30:15,920 Speaker 2: Never before like Boomers and Gen X, and I would 506 00:30:16,000 --> 00:30:19,760 Speaker 2: argue millennials, they never had these things called cell phones 507 00:30:20,320 --> 00:30:25,080 Speaker 2: with the that literally link you to the world in 508 00:30:25,160 --> 00:30:28,760 Speaker 2: real time. We're on your own time, with your own car. 509 00:30:29,120 --> 00:30:34,000 Speaker 2: You can go out and make extra money any hour 510 00:30:34,120 --> 00:30:37,840 Speaker 2: you want and turn it on, turn it off when 511 00:30:37,840 --> 00:30:41,800 Speaker 2: you didn't want to work. Right, that's an unbelievable resource. 512 00:30:41,800 --> 00:30:46,480 Speaker 2: It's an unbelievable tool that didn't exist. Trust me when 513 00:30:46,520 --> 00:30:51,040 Speaker 2: I tell you that your grandparents and your parents, had 514 00:30:51,080 --> 00:30:53,360 Speaker 2: they been able to be uber drivers at some point 515 00:30:53,440 --> 00:30:56,000 Speaker 2: in their lives when they were struggling on the way 516 00:30:56,080 --> 00:30:58,280 Speaker 2: up the economic ladder, they would have taken advantage of 517 00:30:58,320 --> 00:31:00,000 Speaker 2: that technology and opportunity. 518 00:31:00,000 --> 00:31:02,480 Speaker 3: Didn't have it. They did do other things. 519 00:31:02,480 --> 00:31:06,000 Speaker 2: There were things called side jobs, night jobs, and they 520 00:31:06,000 --> 00:31:06,560 Speaker 2: were able. 521 00:31:06,400 --> 00:31:10,360 Speaker 3: To do that. I grew up in New York and 522 00:31:10,560 --> 00:31:11,560 Speaker 3: I knew people. 523 00:31:11,280 --> 00:31:14,680 Speaker 2: That drove a cab one night a week on the 524 00:31:14,720 --> 00:31:16,280 Speaker 2: weekend to bring in some extra money. 525 00:31:16,600 --> 00:31:19,800 Speaker 3: So that was old school lift drivers, right. 526 00:31:20,800 --> 00:31:25,040 Speaker 2: But people did do side jobs and they earned extra money. 527 00:31:25,760 --> 00:31:27,560 Speaker 3: So the call is right. 528 00:31:29,720 --> 00:31:33,280 Speaker 2: We've all been there. But it takes time and work, 529 00:31:33,440 --> 00:31:35,440 Speaker 2: and you have time and work when you're a gen 530 00:31:35,520 --> 00:31:38,080 Speaker 2: Z person and you really got to get on it. 531 00:31:38,360 --> 00:31:41,600 Speaker 2: The other thing I think that people lose track of 532 00:31:41,880 --> 00:31:44,760 Speaker 2: is their own time. There's a lot of time wasted 533 00:31:45,200 --> 00:31:48,920 Speaker 2: and it could be put to use working and earning. 534 00:31:49,960 --> 00:31:53,640 Speaker 2: And the lessons of how to get ahead are pretty simple, right. 535 00:31:53,800 --> 00:31:57,080 Speaker 3: I mean, you don't need to listen to Dave Ramsey 536 00:31:57,120 --> 00:31:57,960 Speaker 3: all day every day. 537 00:31:58,240 --> 00:31:59,920 Speaker 2: You could listen to him once and all he says 538 00:32:00,200 --> 00:32:03,480 Speaker 2: is one thing, and that is live on less than 539 00:32:03,520 --> 00:32:03,920 Speaker 2: you make. 540 00:32:05,320 --> 00:32:09,200 Speaker 3: So that's pretty easy to accomplish. But I appreciate the call. 541 00:32:09,280 --> 00:32:12,080 Speaker 2: Oh hell yeah, lou Penrose is on at seven to 542 00:32:12,160 --> 00:32:14,440 Speaker 2: ten and I was about to go home after work, 543 00:32:14,520 --> 00:32:15,200 Speaker 2: but now we're not. 544 00:32:15,240 --> 00:32:17,520 Speaker 4: Have to tune in and listen in Welcome back Dave. 545 00:32:17,680 --> 00:32:19,680 Speaker 3: Hey appreciate the call. Listen to that. 546 00:32:19,720 --> 00:32:23,360 Speaker 2: He worked all day, so he traded his eight hours 547 00:32:23,360 --> 00:32:26,760 Speaker 2: of work and they gave him money for that. And 548 00:32:26,800 --> 00:32:30,320 Speaker 2: that's all it is. That's all that's going on. There's 549 00:32:30,360 --> 00:32:35,680 Speaker 2: really nothing like hocus pocus about this whole idea of 550 00:32:35,720 --> 00:32:41,480 Speaker 2: the wealthy and wealthy people. But it's interesting the disdain 551 00:32:41,680 --> 00:32:45,240 Speaker 2: that this one individual had. Well, that's just you rich 552 00:32:45,240 --> 00:32:46,360 Speaker 2: people telling us how to work. 553 00:32:46,360 --> 00:32:47,160 Speaker 4: Why do you think that is. 554 00:32:47,400 --> 00:32:49,000 Speaker 10: I think that's for a lot of reasons. I think 555 00:32:49,000 --> 00:32:51,120 Speaker 10: that's because workers have been exploited. I think that they 556 00:32:51,160 --> 00:32:53,520 Speaker 10: haven't had the opportunity to gain social mobility. 557 00:32:53,600 --> 00:32:54,320 Speaker 4: Why do you think that. 558 00:32:54,320 --> 00:32:56,440 Speaker 10: Is because of exploitation. 559 00:32:56,840 --> 00:32:59,520 Speaker 7: You think they're being exploited. Yes, Oh, so people are 560 00:32:59,560 --> 00:33:01,760 Speaker 7: being four to work at companies. They don't have a choice. 561 00:33:01,800 --> 00:33:05,600 Speaker 10: I didn't say that they were, they are. The other 562 00:33:05,640 --> 00:33:06,440 Speaker 10: option is starved. 563 00:33:06,600 --> 00:33:07,720 Speaker 4: The job do you have right now? What do you 564 00:33:07,720 --> 00:33:08,200 Speaker 4: do for a living? 565 00:33:08,560 --> 00:33:10,200 Speaker 10: I do work from home stuff. 566 00:33:10,240 --> 00:33:13,200 Speaker 2: Yeah, they're big exploited, they're bring force to work. 567 00:33:13,280 --> 00:33:16,240 Speaker 3: If the option is starve or die. I don't know. 568 00:33:17,800 --> 00:33:20,960 Speaker 2: How this individual was raised. I don't know what she's thinking. 569 00:33:21,040 --> 00:33:26,960 Speaker 2: That's always the reality. That's always the reality. It's work 570 00:33:27,640 --> 00:33:31,000 Speaker 2: or starve. Who else is going to feed you? And 571 00:33:31,040 --> 00:33:33,160 Speaker 2: by the way, you want to talk about the bare minimum, 572 00:33:33,200 --> 00:33:35,800 Speaker 2: that's the bare minimum. That's all you're obligated to do 573 00:33:36,120 --> 00:33:39,920 Speaker 2: is earn enough money to feed yourself. Everything after that 574 00:33:40,040 --> 00:33:42,560 Speaker 2: is stuff you want. Oh I want more than just 575 00:33:42,600 --> 00:33:45,360 Speaker 2: to feed myself. I'd like to have an apartment or 576 00:33:45,400 --> 00:33:47,840 Speaker 2: a house, and I'd also like a family and a 577 00:33:47,840 --> 00:33:50,840 Speaker 2: social life. That's all wants the only thing you have 578 00:33:50,920 --> 00:33:53,120 Speaker 2: to do is feed yourself, all right. 579 00:33:53,000 --> 00:33:53,680 Speaker 3: When we come back. 580 00:33:54,080 --> 00:33:58,040 Speaker 2: So a deep dive is being done now into why 581 00:33:58,160 --> 00:34:01,240 Speaker 2: exactly there is all these white women at these anti 582 00:34:01,360 --> 00:34:05,560 Speaker 2: Ice demonstrations, and a lot of people have opined different reasons, 583 00:34:05,640 --> 00:34:06,640 Speaker 2: and they're pretty good. 584 00:34:08,200 --> 00:34:12,000 Speaker 3: They are not flattering to these women, but they're pretty 585 00:34:12,000 --> 00:34:15,440 Speaker 3: good theories, and they run along the lines of an 586 00:34:15,600 --> 00:34:21,000 Speaker 3: unrealized or unfulfilled sense of motherhood. That these people are 587 00:34:22,040 --> 00:34:25,319 Speaker 3: largely unmarried, many of them don't have children, or maybe 588 00:34:25,360 --> 00:34:29,040 Speaker 3: their children are gone, or maybe they're estranged from their family. 589 00:34:29,600 --> 00:34:32,400 Speaker 3: They have no they have nobody. So they find community 590 00:34:32,520 --> 00:34:32,799 Speaker 3: in the. 591 00:34:32,800 --> 00:34:37,200 Speaker 2: Other liberal white women, and they have decided that Ice 592 00:34:37,320 --> 00:34:40,720 Speaker 2: is their ex husband and the illegals are their children, 593 00:34:41,239 --> 00:34:45,440 Speaker 2: and they're wrapping their arms around their children. We'll tell 594 00:34:45,480 --> 00:34:48,839 Speaker 2: you all about it next, Lou Penrose on KFI AM 595 00:34:48,880 --> 00:34:51,000 Speaker 2: six forty Live everywhere on the iHeartRadio 596 00:34:51,000 --> 00:34:54,520 Speaker 1: App, KFI on demand,