WEBVTT - Brazil: The Cautionary Tale

0:00:11.880 --> 0:00:15.760
<v Speaker 1>This is a podcast about money and inequality, but I've

0:00:15.760 --> 0:00:19.440
<v Speaker 1>been thinking about earthquakes a lot lately. I found these

0:00:19.520 --> 0:00:23.720
<v Speaker 1>videos on YouTube. The footage is grainy. It's usually coming

0:00:23.800 --> 0:00:27.160
<v Speaker 1>from a surveillance camera or one of those spy camps

0:00:27.240 --> 0:00:29.200
<v Speaker 1>people used to keep an eye on their pets while

0:00:29.200 --> 0:00:33.680
<v Speaker 1>they're out. At first, nothing's happening. You see a nondescript

0:00:33.800 --> 0:00:38.040
<v Speaker 1>office or living room, sometimes inside of a store, and

0:00:38.080 --> 0:00:41.080
<v Speaker 1>then a dog jolts into the frame or jumps up

0:00:41.080 --> 0:00:44.680
<v Speaker 1>from somewhere you didn't notice he was lying. He starts sparking,

0:00:48.400 --> 0:00:52.839
<v Speaker 1>then darting around, seemingly away from whatever danger he senses,

0:00:52.960 --> 0:00:56.800
<v Speaker 1>but also maybe towards it. To the viewer. At first,

0:00:57.040 --> 0:00:59.520
<v Speaker 1>it's funny because it looks like he's trying to scare

0:00:59.520 --> 0:01:04.040
<v Speaker 1>the wind. But then a few seconds later, everything in

0:01:04.080 --> 0:01:12.520
<v Speaker 1>the room starts moving, televisions fall over, lamps, wobble, painting, swim.

0:01:12.520 --> 0:01:15.880
<v Speaker 1>But the dogs are reacting to our pea waves, the

0:01:15.920 --> 0:01:21.120
<v Speaker 1>earliest signs of an earthquake. Humans can't hear them. Sometimes

0:01:21.160 --> 0:01:24.240
<v Speaker 1>we feel them as a jolt, but they sound an

0:01:24.240 --> 0:01:28.080
<v Speaker 1>alarming signal to dogs and some other animals up to

0:01:28.120 --> 0:01:31.039
<v Speaker 1>a minute or two before the bigger waves come and

0:01:31.080 --> 0:01:36.560
<v Speaker 1>the damage begins. There's another thing I learned about earthquakes.

0:01:37.280 --> 0:01:40.360
<v Speaker 1>The fault lines, the cracks in the earth whose movement

0:01:40.440 --> 0:01:43.920
<v Speaker 1>caused the shaking. Each one has an upper limit to

0:01:44.000 --> 0:01:48.760
<v Speaker 1>its potency, determined by its length and depth. In other words,

0:01:49.160 --> 0:01:52.960
<v Speaker 1>the existing fractures are what determined how bad the event

0:01:53.040 --> 0:01:57.720
<v Speaker 1>will ultimately be. The pandemic, in so many ways, has

0:01:57.760 --> 0:02:01.720
<v Speaker 1>felt like an earthquake to me. It was an event

0:02:01.760 --> 0:02:06.760
<v Speaker 1>that we all felt, but not equally. There were existing

0:02:06.840 --> 0:02:11.239
<v Speaker 1>fault lines. Some economies had programs that people could depend

0:02:11.320 --> 0:02:15.960
<v Speaker 1>on when their jobs suddenly disappeared because of lockdowns. Others didn't.

0:02:16.800 --> 0:02:19.760
<v Speaker 1>Some health care systems were already dealing with doctor and

0:02:19.880 --> 0:02:23.120
<v Speaker 1>nurse shortages going into a pandemic that would sap the

0:02:23.200 --> 0:02:27.440
<v Speaker 1>last bit of their resources. Others didn't. And in some

0:02:27.520 --> 0:02:31.480
<v Speaker 1>countries workers had few protections like paid time off if

0:02:31.480 --> 0:02:35.600
<v Speaker 1>they caught the virus, others didn't. As soon as the

0:02:35.639 --> 0:02:39.160
<v Speaker 1>impact hit in early we knew where those fault lines

0:02:39.200 --> 0:02:43.520
<v Speaker 1>were and saw the damage immediately and death's, job losses

0:02:43.720 --> 0:02:47.920
<v Speaker 1>and so many other ways. And it's only now that

0:02:48.080 --> 0:02:50.520
<v Speaker 1>some of the dust from the initial hit has settled

0:02:51.200 --> 0:03:02.919
<v Speaker 1>that we're able to see what we're left with Jovis

0:03:02.919 --> 0:03:05.880
<v Speaker 1>claims coming in, I mean really jumping from the week

0:03:06.000 --> 0:03:10.079
<v Speaker 1>before pretty brutal. Three point to a million records. Six

0:03:10.080 --> 0:03:13.880
<v Speaker 1>point six million Americans filed for unemployment last week. Many

0:03:13.919 --> 0:03:17.959
<v Speaker 1>Brazilians lost their jobs during lockdowns. While prices for rent, food,

0:03:18.040 --> 0:03:20.959
<v Speaker 1>and gas are on the rise, engine working women were

0:03:21.000 --> 0:03:24.520
<v Speaker 1>the worst impacted by the pandemic. Well now to the

0:03:24.639 --> 0:03:29.160
<v Speaker 1>billionaire boom. According to Bloomberg's super yacht charters are up.

0:03:29.200 --> 0:03:33.919
<v Speaker 1>Over three hundred and a billionaire was created every twenty

0:03:34.040 --> 0:03:37.240
<v Speaker 1>six hours during this pandemic. No, I'm not waiting in

0:03:37.360 --> 0:03:40.880
<v Speaker 1>line for a COVID test with the public. The gross

0:03:41.120 --> 0:03:48.960
<v Speaker 1>in his time for a wealth tax in America. Welcome

0:03:48.960 --> 0:03:53.080
<v Speaker 1>to the paycheck. I'm Rebecca Greenfield. It's not often that

0:03:53.160 --> 0:03:57.240
<v Speaker 1>a crisis heads the entire world. The effects of war

0:03:57.480 --> 0:04:02.240
<v Speaker 1>and famine and natural disasters canry far and wide. COVID

0:04:02.320 --> 0:04:06.600
<v Speaker 1>was different because it happened everywhere. But over the last

0:04:06.640 --> 0:04:10.240
<v Speaker 1>two years we've seen how a million different variables, or

0:04:10.440 --> 0:04:15.200
<v Speaker 1>those fault lines, determined our health, safety, and economic security.

0:04:15.360 --> 0:04:18.320
<v Speaker 1>People with the fewest resources were more likely to die,

0:04:19.000 --> 0:04:23.000
<v Speaker 1>especially in the earliest waves, and then poorer countries had

0:04:23.080 --> 0:04:27.120
<v Speaker 1>less access to life saving vaccines. Then there were the

0:04:27.200 --> 0:04:31.480
<v Speaker 1>economic disparities. Millions of people are at risk of hunger

0:04:31.600 --> 0:04:35.279
<v Speaker 1>because of the COVID nineteen pandemic. Even in the US

0:04:35.360 --> 0:04:38.560
<v Speaker 1>and Europe, more and more individuals are relying on food

0:04:38.640 --> 0:04:43.360
<v Speaker 1>handouts just to get by. With unemployment levels sloring, international

0:04:43.440 --> 0:04:47.560
<v Speaker 1>organizations expect the income gap between the richest and the

0:04:47.600 --> 0:04:50.719
<v Speaker 1>poorest to get even wider. The fear early on in

0:04:50.720 --> 0:04:53.039
<v Speaker 1>the pandemic was that we'd come out of this crisis

0:04:53.160 --> 0:04:58.120
<v Speaker 1>worse off. It felt almost inevitable. But that's not exactly

0:04:58.200 --> 0:05:01.679
<v Speaker 1>how things played out over the last few years. In fact,

0:05:01.720 --> 0:05:05.160
<v Speaker 1>what happened varied widely depending on how governments and society

0:05:05.160 --> 0:05:07.720
<v Speaker 1>has stepped in to address the crisis and what kinds

0:05:07.720 --> 0:05:11.040
<v Speaker 1>of foundations they had. Going in over the next eight weeks,

0:05:11.120 --> 0:05:13.720
<v Speaker 1>we're going to seven different countries to see how this

0:05:14.000 --> 0:05:17.520
<v Speaker 1>world changing event shifted the balance between the very richest

0:05:17.600 --> 0:05:21.719
<v Speaker 1>and the very poorest and everyone in between. Even before

0:05:21.760 --> 0:05:26.279
<v Speaker 1>the pandemic, alarm bells had been going off about global inequality.

0:05:27.040 --> 0:05:31.400
<v Speaker 1>Places with greater relative equality are more stable, They provide

0:05:31.440 --> 0:05:35.600
<v Speaker 1>people with economic security and more mobility to better their lives,

0:05:36.640 --> 0:05:39.400
<v Speaker 1>and going into the pandemic. Some of the most equal

0:05:39.440 --> 0:05:43.080
<v Speaker 1>places in the world, like the US and European countries,

0:05:43.600 --> 0:05:46.719
<v Speaker 1>we're moving in the wrong direction. So when COVID rattled

0:05:46.720 --> 0:05:50.840
<v Speaker 1>the global economy, economists and policymakers were worried about what

0:05:50.920 --> 0:05:55.279
<v Speaker 1>might happen. So it happened. I decided to ask Ben

0:05:55.279 --> 0:05:59.120
<v Speaker 1>Steve Verman. He's a reporter at Bloomberg who covers wealth inequality,

0:05:59.480 --> 0:06:03.280
<v Speaker 1>spending his days deepen data and talking with experts and economists.

0:06:03.960 --> 0:06:07.440
<v Speaker 1>He's been keeping a close eye unwealth inequality during the pandemic.

0:06:12.440 --> 0:06:15.720
<v Speaker 1>Right before the pandemic hit. What direction was wealth inequality

0:06:15.760 --> 0:06:20.800
<v Speaker 1>headed in globally coming into the pandemic. There were several

0:06:20.839 --> 0:06:24.039
<v Speaker 1>trends that we were watching. There were a few positive trends.

0:06:24.240 --> 0:06:26.960
<v Speaker 1>There was a growth of the middle class in Asian countries,

0:06:27.040 --> 0:06:33.000
<v Speaker 1>especially China that overall reduced inequality worldwide. And then you

0:06:33.080 --> 0:06:36.320
<v Speaker 1>had the number of people living in extreme poverty had

0:06:36.360 --> 0:06:39.279
<v Speaker 1>actually fallen. So those were positive trends, but there was

0:06:39.320 --> 0:06:41.560
<v Speaker 1>some concern that they were running out of steam, and

0:06:41.560 --> 0:06:44.120
<v Speaker 1>we had these negative trends that we're making inequality worse.

0:06:44.240 --> 0:06:47.240
<v Speaker 1>In the developed countries like the United States, middle class

0:06:47.560 --> 0:06:50.640
<v Speaker 1>was not doing as well and then you also had

0:06:50.720 --> 0:06:53.840
<v Speaker 1>not just the top one percent. Really it's the top

0:06:53.880 --> 0:06:58.000
<v Speaker 1>point one percent or point one percent. The people the

0:06:58.160 --> 0:07:00.440
<v Speaker 1>very top were doing much better than every one else.

0:07:00.880 --> 0:07:03.440
<v Speaker 1>And really there was a lot of concern about the

0:07:03.480 --> 0:07:06.360
<v Speaker 1>amount of power and wealth that folks at the top had.

0:07:06.680 --> 0:07:09.640
<v Speaker 1>So we were wondering would those trends continue, And there

0:07:09.680 --> 0:07:13.679
<v Speaker 1>was a lot of pessimism that basically a recession would

0:07:13.680 --> 0:07:17.000
<v Speaker 1>come along and it would hurt the middle class and

0:07:17.160 --> 0:07:21.720
<v Speaker 1>the wealthy would benefit. Okay, so then March economy is

0:07:21.800 --> 0:07:26.840
<v Speaker 1>basically shut down entirely. It sounds like economists and politicians

0:07:26.840 --> 0:07:30.720
<v Speaker 1>and policymakers they would all think it's definitely gonna get worse.

0:07:30.840 --> 0:07:34.000
<v Speaker 1>There was a lot of pessimism at that early moment

0:07:34.120 --> 0:07:36.520
<v Speaker 1>in in the pandemic, and I ended up writing about

0:07:36.560 --> 0:07:39.720
<v Speaker 1>this and researching some of the history, and what I

0:07:39.800 --> 0:07:43.800
<v Speaker 1>found was that when you have these major disruptions, if

0:07:43.800 --> 0:07:47.720
<v Speaker 1>you look at past pandemics, for example, inequality doesn't always

0:07:47.720 --> 0:07:51.320
<v Speaker 1>get worse. Sometimes it gets better. Sometimes these disruptions either

0:07:51.360 --> 0:07:54.200
<v Speaker 1>they can destroy a lot of wealth at the top

0:07:55.040 --> 0:07:57.800
<v Speaker 1>and then allow people at the bottom to rise up.

0:07:58.360 --> 0:08:00.560
<v Speaker 1>Or it can change the labor market, it can change

0:08:00.560 --> 0:08:04.480
<v Speaker 1>the financial market in these really surprising ways. So I

0:08:04.520 --> 0:08:06.560
<v Speaker 1>didn't think at that moment we really knew what was

0:08:06.560 --> 0:08:10.760
<v Speaker 1>going to happen. We were really entering into an unpredictable situation.

0:08:10.920 --> 0:08:15.600
<v Speaker 1>So of those two potential scenarios, thanks getting worse or

0:08:15.680 --> 0:08:19.000
<v Speaker 1>something surprising happening, what ended up happening. We're only just

0:08:19.080 --> 0:08:21.960
<v Speaker 1>starting to get the data to answer that question. What

0:08:22.120 --> 0:08:25.080
<v Speaker 1>we do know from the last two years is that

0:08:25.200 --> 0:08:28.120
<v Speaker 1>the billionaires and the top one percent have done very

0:08:28.440 --> 0:08:32.520
<v Speaker 1>very well. The world's five richest people gained about one

0:08:32.559 --> 0:08:35.920
<v Speaker 1>point seven trillion dollars over a couple of years. If

0:08:35.920 --> 0:08:38.760
<v Speaker 1>you just look at Elon Musk, for example, there was

0:08:38.800 --> 0:08:41.160
<v Speaker 1>a moment after he became the richest man in the

0:08:41.200 --> 0:08:44.400
<v Speaker 1>world where he was worth more than three hundred billion dollars,

0:08:44.600 --> 0:08:46.640
<v Speaker 1>and there was a lot of chatter at the time

0:08:46.880 --> 0:08:49.559
<v Speaker 1>that he might have a chance to become a trillionaire.

0:08:49.840 --> 0:08:52.439
<v Speaker 1>At the same time, governments, at least in the United

0:08:52.480 --> 0:08:55.280
<v Speaker 1>States and the EU had more of a sense that

0:08:55.320 --> 0:08:57.439
<v Speaker 1>we need to spread the relief, and so people at

0:08:57.440 --> 0:09:02.120
<v Speaker 1>the bottom got a fair amount in terms of stimulus payments,

0:09:02.160 --> 0:09:06.160
<v Speaker 1>extra unemployment checks, and enhanced child text credit that was

0:09:06.200 --> 0:09:09.080
<v Speaker 1>introduced in the United States, and so if you actually

0:09:09.160 --> 0:09:12.280
<v Speaker 1>look at the bottom fifty percent or so, their wealth

0:09:12.280 --> 0:09:15.880
<v Speaker 1>has actually gone up quite a bit. It's basically doubled

0:09:15.920 --> 0:09:18.240
<v Speaker 1>in the last two years in terms of dollar amount,

0:09:18.600 --> 0:09:21.400
<v Speaker 1>and it's still a tiny share of total US wealth,

0:09:21.480 --> 0:09:24.600
<v Speaker 1>but their share has been growing. And we don't know

0:09:24.640 --> 0:09:26.800
<v Speaker 1>how long this is going to last as inflation comes

0:09:26.840 --> 0:09:30.480
<v Speaker 1>along here, inflation could actually just completely erase all these

0:09:30.520 --> 0:09:33.160
<v Speaker 1>games in the next few years. We'll see, But for now,

0:09:33.240 --> 0:09:35.920
<v Speaker 1>there's some signs that the poorest Americans sort of the

0:09:35.960 --> 0:09:39.200
<v Speaker 1>working class you could say, and the bottom fifty of

0:09:39.240 --> 0:09:42.680
<v Speaker 1>the country have done pretty well. Considering so that sounds

0:09:42.720 --> 0:09:47.000
<v Speaker 1>like a pretty US or maybe Western Europe focused story.

0:09:47.720 --> 0:09:50.120
<v Speaker 1>How did it play out in other countries that were

0:09:50.160 --> 0:09:54.160
<v Speaker 1>maybe starting from different places of an equality. Well, not

0:09:54.280 --> 0:09:57.120
<v Speaker 1>every place had the resources to give a big bail out.

0:09:57.480 --> 0:10:00.320
<v Speaker 1>Not everyone can afford to trillions and trillions of hours

0:10:00.320 --> 0:10:04.960
<v Speaker 1>of stimulus, So different countries made different policy choices and

0:10:05.320 --> 0:10:09.079
<v Speaker 1>that ended up influencing the economy and how those countries

0:10:09.280 --> 0:10:13.680
<v Speaker 1>went through the pandemic. Another issue there is COVID and

0:10:13.720 --> 0:10:17.280
<v Speaker 1>how how countries managed COVID and how much either lockdowns

0:10:17.360 --> 0:10:20.880
<v Speaker 1>or the virus itself disrupted their economy. Some were in

0:10:20.960 --> 0:10:23.560
<v Speaker 1>lockdown for really long periods of time, and both of

0:10:23.559 --> 0:10:28.480
<v Speaker 1>those things, the stimulus and managing the virus, ended up

0:10:28.800 --> 0:10:31.920
<v Speaker 1>having disparate impacts depending on where you lived. If you

0:10:31.920 --> 0:10:35.080
<v Speaker 1>look at Taiwan, which really managed the virus quite well,

0:10:35.280 --> 0:10:39.520
<v Speaker 1>its economy actually grew in unlike most of the world,

0:10:39.880 --> 0:10:44.560
<v Speaker 1>and it actually grew faster than Somehow, US economy of

0:10:44.600 --> 0:10:49.360
<v Speaker 1>course shrank in. But then if you look down at Peru,

0:10:49.520 --> 0:10:52.720
<v Speaker 1>which had pretty severe lockdowns and it was really impacted

0:10:52.720 --> 0:10:56.600
<v Speaker 1>by the virus, Peru's economy shrank more than eleven percent

0:10:56.760 --> 0:11:01.040
<v Speaker 1>in one of the biggest drops in GDP in the world.

0:11:01.200 --> 0:11:03.679
<v Speaker 1>If you look at it, it's really country by country. Again,

0:11:03.679 --> 0:11:06.880
<v Speaker 1>we're still getting the data. We don't know exactly where

0:11:06.880 --> 0:11:09.600
<v Speaker 1>this is all going to end up. But one area

0:11:09.640 --> 0:11:13.680
<v Speaker 1>I'm really interested in is South America and Latin America.

0:11:13.840 --> 0:11:18.000
<v Speaker 1>Why is Latin America so interesting too? Before the pandemic,

0:11:18.040 --> 0:11:21.360
<v Speaker 1>we had a situation where inequality was getting worse than

0:11:21.400 --> 0:11:23.760
<v Speaker 1>a lot of Western countries. One of the questions we

0:11:23.800 --> 0:11:26.559
<v Speaker 1>had was where is this all headed. If you look

0:11:26.600 --> 0:11:29.840
<v Speaker 1>at Latin America, these are middle income countries and they

0:11:29.840 --> 0:11:31.720
<v Speaker 1>have a level of an equality that is about the

0:11:31.760 --> 0:11:36.679
<v Speaker 1>same as Sub Saharan Africa, places that are much much poorer.

0:11:37.200 --> 0:11:41.200
<v Speaker 1>So you have a situation where in Brazil, for example,

0:11:41.400 --> 0:11:43.800
<v Speaker 1>you have almost half the wealth of the country is

0:11:43.800 --> 0:11:46.360
<v Speaker 1>owned by the top one percent. In the United States,

0:11:46.360 --> 0:11:50.240
<v Speaker 1>it's about a third. But the question was, are the

0:11:50.440 --> 0:11:53.760
<v Speaker 1>US and other rich countries on the way to that

0:11:53.880 --> 0:11:57.480
<v Speaker 1>same kind of level of inequality? Are we going to

0:11:57.640 --> 0:12:00.360
<v Speaker 1>also maybe have the same kind of extreme polity x

0:12:01.080 --> 0:12:05.440
<v Speaker 1>and extreme gaps in society they seem to go along

0:12:05.480 --> 0:12:31.840
<v Speaker 1>with high inequality. So it's basically a cautionary tale. Ben

0:12:31.880 --> 0:12:35.800
<v Speaker 1>mentioned Brazil. It's one of the most unequal countries in

0:12:35.880 --> 0:12:39.560
<v Speaker 1>one of the most unequal regions in the world. So

0:12:39.600 --> 0:12:43.599
<v Speaker 1>that's the first place we're going this season, specifically to Brazilia.

0:12:44.240 --> 0:12:46.760
<v Speaker 1>It's the capital and it also happens to be the

0:12:46.880 --> 0:12:50.640
<v Speaker 1>most unequal place in the country. My colleague Shannon Sims,

0:12:50.720 --> 0:12:53.240
<v Speaker 1>an editor at Bloomberg, lives there and is giving us

0:12:53.360 --> 0:12:56.199
<v Speaker 1>the view on the ground. Well, I first moved to

0:12:56.240 --> 0:12:59.200
<v Speaker 1>Brazil back in two thousand and twelve. When I got here,

0:12:59.480 --> 0:13:02.280
<v Speaker 1>it felt like a totally different country. There was a

0:13:02.320 --> 0:13:05.120
<v Speaker 1>sense at that time that the middle class called classes

0:13:06.240 --> 0:13:10.360
<v Speaker 1>was completely booming, So families were booking Disney World vacations,

0:13:10.480 --> 0:13:12.959
<v Speaker 1>and they were investing in real estate, they were opening

0:13:13.000 --> 0:13:16.800
<v Speaker 1>new businesses. In two thousand nine, the Economist magazine published

0:13:16.800 --> 0:13:19.480
<v Speaker 1>an iconic cover story that showed the famous Christ the

0:13:19.480 --> 0:13:23.720
<v Speaker 1>Redeemer statute taking off like a rocket, and the headline read,

0:13:23.920 --> 0:13:28.840
<v Speaker 1>Brazil takes off Latin America's success story. By two thousand fifteen,

0:13:29.480 --> 0:13:32.920
<v Speaker 1>things had already started moving in the other direction. Growth

0:13:32.960 --> 0:13:36.320
<v Speaker 1>was slowing down, the currency was hurting, and then the

0:13:36.360 --> 0:13:40.000
<v Speaker 1>pandemic hit, and it hit really hard. More than six

0:13:40.080 --> 0:13:42.800
<v Speaker 1>hundred and fifty thousand people here have died so far,

0:13:43.640 --> 0:13:45.920
<v Speaker 1>but the impact on the daily lives of braziliance has

0:13:46.000 --> 0:13:49.760
<v Speaker 1>also been really startling. There are lots of things I

0:13:49.760 --> 0:13:52.840
<v Speaker 1>could point to to show how bad things are, like

0:13:52.880 --> 0:13:56.080
<v Speaker 1>how the Hayal plunged in value almost overnight in March,

0:13:57.360 --> 0:13:59.440
<v Speaker 1>and how Brazilians have loaded up on debt that they

0:13:59.440 --> 0:14:02.679
<v Speaker 1>can't keep up with. The average credit card interest rate

0:14:02.760 --> 0:14:07.840
<v Speaker 1>here has hit almost three hundred and fifty. But there's

0:14:07.920 --> 0:14:10.920
<v Speaker 1>one big, big group of people who we don't often

0:14:10.960 --> 0:14:14.000
<v Speaker 1>hear about and who have had it particularly bad during

0:14:14.040 --> 0:14:19.600
<v Speaker 1>the pandemic, single moms. Ever since I moved to Brazil,

0:14:20.360 --> 0:14:22.720
<v Speaker 1>I've been struck by the number of single mothers here.

0:14:23.720 --> 0:14:26.680
<v Speaker 1>Current estimates suggest that there could be as many as

0:14:26.800 --> 0:14:30.960
<v Speaker 1>twenty million single moms in Brazil. That's close to the

0:14:31.120 --> 0:14:36.400
<v Speaker 1>entire population of Australia. The trend is only increasing. The

0:14:36.480 --> 0:14:39.920
<v Speaker 1>number of birth certificates registered without a father jumped by

0:14:39.920 --> 0:14:43.760
<v Speaker 1>about over the past year, which indicates the group is growing.

0:14:45.920 --> 0:14:49.880
<v Speaker 1>Before COVID, single mom has already had it tough with

0:14:50.000 --> 0:14:53.680
<v Speaker 1>trying to sort out childcare, taking unpaying fathers to court,

0:14:54.080 --> 0:14:56.120
<v Speaker 1>commuting to jobs they were lucky to have in a

0:14:56.160 --> 0:14:59.320
<v Speaker 1>tough market. They seem like they were barely hanging on

0:15:00.000 --> 0:15:04.880
<v Speaker 1>in a precarious position, almost like an underclass. COVID, it seemed,

0:15:05.560 --> 0:15:08.480
<v Speaker 1>would have only made their struggle harder and only widened

0:15:08.480 --> 0:15:11.520
<v Speaker 1>the distance between their reality and how they'd like their

0:15:11.520 --> 0:15:15.000
<v Speaker 1>lives to be. So to better understand just how these

0:15:15.000 --> 0:15:17.800
<v Speaker 1>women are managing in the wake of COVID, I followed

0:15:17.840 --> 0:15:20.480
<v Speaker 1>one woman, a thirty five year old mother of two

0:15:20.680 --> 0:15:25.040
<v Speaker 1>named Hanata, through her day, which starts before dawn at

0:15:25.080 --> 0:15:29.280
<v Speaker 1>five am. It's still dark when I pull up to

0:15:29.320 --> 0:15:33.000
<v Speaker 1>Hanata's house. She's opening the gate for me and immediately

0:15:33.040 --> 0:15:47.720
<v Speaker 1>starts blurting out how she's grappling with a dilemma already. Clusion. Today,

0:15:47.760 --> 0:15:50.000
<v Speaker 1>we got a problem. My kids will go to school

0:15:50.000 --> 0:15:53.320
<v Speaker 1>this morning. There's going to be a teachers strike, so

0:15:53.480 --> 0:15:57.200
<v Speaker 1>they won't go. Teachers are striking for better pay here

0:15:57.200 --> 0:16:00.280
<v Speaker 1>and some Umbaya, a working class satellite city on the

0:16:00.280 --> 0:16:03.880
<v Speaker 1>outskirts of Brazilia. So rather than drop her kids off

0:16:03.920 --> 0:16:06.040
<v Speaker 1>at school on the way to work like she normally would,

0:16:06.560 --> 0:16:09.080
<v Speaker 1>she's happy to set up Plan B. They'll stay at

0:16:09.120 --> 0:16:12.120
<v Speaker 1>home until they walk alone to their after school programs.

0:16:12.760 --> 0:16:16.040
<v Speaker 1>Fourteen year old Juan is learning trombone and nine year

0:16:16.040 --> 0:16:20.239
<v Speaker 1>old Hailani likes dance and Notaza rummages through their backpacks,

0:16:20.520 --> 0:16:22.120
<v Speaker 1>checking to make sure they have what they need for

0:16:22.160 --> 0:16:25.080
<v Speaker 1>the day. As they stir in their beds, she wishes

0:16:25.120 --> 0:16:33.000
<v Speaker 1>them a good morning. Oh. As she gets ready for work,

0:16:33.120 --> 0:16:35.120
<v Speaker 1>she makes sure to leave some dinner on the stove

0:16:35.160 --> 0:16:38.240
<v Speaker 1>as well. That's because she won't get back before nine

0:16:38.280 --> 0:16:41.320
<v Speaker 1>pm tonight, hopefully in time to pull up the covers

0:16:41.320 --> 0:16:43.800
<v Speaker 1>on her kids as they get in bed, but maybe not,

0:16:48.080 --> 0:16:50.320
<v Speaker 1>and not to course coffee from a brown thermis. As

0:16:50.360 --> 0:16:52.760
<v Speaker 1>she eyes the time on her phone, she's got to

0:16:52.800 --> 0:16:54.920
<v Speaker 1>be out the door when her alarm rings in about

0:16:54.960 --> 0:16:58.840
<v Speaker 1>five minutes. She works from seven thirty to five thirty

0:16:58.960 --> 0:17:01.520
<v Speaker 1>every day and a big glass government building in the

0:17:01.520 --> 0:17:05.080
<v Speaker 1>heart of Brazilia a forty five minute drive away. She's

0:17:05.080 --> 0:17:08.560
<v Speaker 1>called a colpea, a cup lady, and she serves little

0:17:08.560 --> 0:17:11.480
<v Speaker 1>sugary cups of coffee to government officials all day long.

0:17:12.280 --> 0:17:14.760
<v Speaker 1>The people in suits who drink her coffee are the

0:17:14.840 --> 0:17:17.800
<v Speaker 1>same officials making the kinds of decisions that can change

0:17:17.840 --> 0:17:22.240
<v Speaker 1>the lives of Hanata and other single moms overnight women

0:17:22.280 --> 0:17:24.080
<v Speaker 1>who are just trying to figure out how to get

0:17:24.080 --> 0:17:27.240
<v Speaker 1>by in the wake of the pandemic. Despite their numbers,

0:17:27.880 --> 0:17:29.760
<v Speaker 1>single mothers are also one of the segments of the

0:17:29.800 --> 0:17:33.639
<v Speaker 1>population that most often get left behind. The National Statistics

0:17:33.680 --> 0:17:37.560
<v Speaker 1>Agency here reports that sixty three percent of households led

0:17:37.560 --> 0:17:41.359
<v Speaker 1>by single moms are living below the poverty line. For

0:17:41.440 --> 0:17:45.400
<v Speaker 1>those living above the poverty line, like Hanata, the unforeseen

0:17:45.560 --> 0:17:48.960
<v Speaker 1>arrival of the pandemic and now it's economic fallout are

0:17:49.000 --> 0:17:52.480
<v Speaker 1>threatening to pull her under. To avoid that plummet, she's

0:17:52.480 --> 0:17:55.560
<v Speaker 1>had to pivot, and so she is piled on top

0:17:55.600 --> 0:17:58.679
<v Speaker 1>of her regular coffee lady job. A hodgepodge assortment of

0:17:58.760 --> 0:18:01.880
<v Speaker 1>side hustles, jobs that are what economists might call part

0:18:01.880 --> 0:18:04.920
<v Speaker 1>of the gig economy. As a pandemic has worn on,

0:18:05.080 --> 0:18:08.600
<v Speaker 1>she's added more and more, and so now there's hardly

0:18:08.640 --> 0:18:13.960
<v Speaker 1>a minute in her day when she's not workings. Fessile

0:18:14.080 --> 0:18:25.720
<v Speaker 1>me the SA could think only time to get out

0:18:25.720 --> 0:18:29.680
<v Speaker 1>the door. Hanata says COVID has turned her life upside down.

0:18:30.600 --> 0:18:33.080
<v Speaker 1>She said she's been backed into taking on these extra

0:18:33.200 --> 0:18:35.399
<v Speaker 1>jobs just to keep pace with the cost of living.

0:18:36.280 --> 0:18:38.560
<v Speaker 1>As she darts around the house, quickly packing up for

0:18:38.560 --> 0:18:41.240
<v Speaker 1>the day, she tells me how she's battling to keep

0:18:41.280 --> 0:18:43.760
<v Speaker 1>above the welfare line because she doesn't want her family's

0:18:43.800 --> 0:18:47.320
<v Speaker 1>finances left to the whims of government assistance. In just

0:18:47.440 --> 0:18:50.120
<v Speaker 1>the past year, consumer prices have risen more than ten

0:18:50.200 --> 0:18:54.040
<v Speaker 1>percent here, and the most recent inflation forecasts show that

0:18:54.080 --> 0:18:57.080
<v Speaker 1>trend's only going to get worse. Nowhere has been spared

0:18:57.119 --> 0:19:00.240
<v Speaker 1>by the economic impact of COVID, but in brazz Ill,

0:19:00.440 --> 0:19:04.280
<v Speaker 1>the shutdowns disruption to the supply chain was compounded by

0:19:04.280 --> 0:19:08.000
<v Speaker 1>extreme drought conditions that ruined crops last year, and that

0:19:08.080 --> 0:19:12.200
<v Speaker 1>was before Brusha's invasion of Ukraine made everything worse the result,

0:19:13.000 --> 0:19:16.159
<v Speaker 1>the price of a tomato doubled over a period of months,

0:19:16.920 --> 0:19:20.199
<v Speaker 1>along with so many other staples. The value of the

0:19:20.240 --> 0:19:24.040
<v Speaker 1>local currency started evaporating amid all the turmoil, and soon

0:19:24.520 --> 0:19:27.000
<v Speaker 1>and not that went from serving fresh salads to her

0:19:27.080 --> 0:19:29.880
<v Speaker 1>kids to not being able to afford anything beyond rice

0:19:29.920 --> 0:19:34.560
<v Speaker 1>and beans. Nya sena sini fister doesn't size, they say,

0:19:34.640 --> 0:19:45.560
<v Speaker 1>saints it since basic bacasco guys gazolin the basics. Today

0:19:45.720 --> 0:19:49.520
<v Speaker 1>you can't. It's six hundred seven hund the highs, the basics,

0:19:49.840 --> 0:19:53.040
<v Speaker 1>the most basic of the basics. So the cost of

0:19:53.119 --> 0:19:55.840
<v Speaker 1>living through Brazilians due to COVID, due to the war,

0:19:56.040 --> 0:19:59.280
<v Speaker 1>due to everything that's happening, the cost of living increased

0:19:59.280 --> 0:20:03.960
<v Speaker 1>a lot. Really you a lot? No. I mean, it's

0:20:03.960 --> 0:20:06.480
<v Speaker 1>not impossible to manage as a single mom, but it

0:20:06.600 --> 0:20:13.960
<v Speaker 1>is complicated. As we get into her car, I noticed

0:20:14.000 --> 0:20:16.080
<v Speaker 1>the gas gage shows that we have less than a

0:20:16.160 --> 0:20:19.280
<v Speaker 1>quarter tank. It seems a little low for us to

0:20:19.280 --> 0:20:24.960
<v Speaker 1>get all the way into the city. I don't know,

0:20:24.960 --> 0:20:31.960
<v Speaker 1>as Scotts. Now we're going to pick up Dona Halsa

0:20:32.000 --> 0:20:35.359
<v Speaker 1>and she's a warrior woman to you know, to make

0:20:35.400 --> 0:20:39.119
<v Speaker 1>a little extra cash. One of Hanata's side hustles is

0:20:39.200 --> 0:20:41.960
<v Speaker 1>driving a woman named Dona Josa for a flat feed.

0:20:42.760 --> 0:20:44.840
<v Speaker 1>Hanata met her when she ubered her home one night,

0:20:45.200 --> 0:20:46.840
<v Speaker 1>and as it would turn out, Donal Hols is a

0:20:46.880 --> 0:21:04.880
<v Speaker 1>single mom, herself a mask that a hole. It's been

0:21:05.000 --> 0:21:07.000
<v Speaker 1>years that I get up at four am. It's been

0:21:07.119 --> 0:21:11.080
<v Speaker 1>years I raised my kids and this ridom. Hanata, who

0:21:11.119 --> 0:21:14.119
<v Speaker 1>still has her eye on the time, instructs Dona Halsa

0:21:14.160 --> 0:21:16.280
<v Speaker 1>to put on her seatbelt as Halsa hands her thirty

0:21:16.280 --> 0:21:19.480
<v Speaker 1>hay eyes. Dona host is a small woman in her

0:21:19.520 --> 0:21:23.879
<v Speaker 1>sixties from the northern Brazilian state of It's one of

0:21:23.920 --> 0:21:26.240
<v Speaker 1>the poorest in the country and the kind of hot,

0:21:26.359 --> 0:21:30.320
<v Speaker 1>desperate place where they say only the strong survive. Dona

0:21:30.359 --> 0:21:36.280
<v Speaker 1>Holsa carries that battle faced spirit with her. I'm from

0:21:37.040 --> 0:21:39.640
<v Speaker 1>I got here in seventy five. When we got here,

0:21:39.800 --> 0:21:41.800
<v Speaker 1>we would roll up our sleeves and get to work.

0:21:42.240 --> 0:21:44.720
<v Speaker 1>She raised her children on her own, but as she

0:21:44.800 --> 0:21:47.880
<v Speaker 1>tells me, things are worse today than she's ever seen them.

0:21:48.200 --> 0:21:50.560
<v Speaker 1>Hosa works as a housekeeper and one of the richer

0:21:50.560 --> 0:21:56.400
<v Speaker 1>neighborhoods of Brazilia called where organic grocery stores and cocktail

0:21:56.440 --> 0:21:59.280
<v Speaker 1>bars and fancy playgrounds for the kids line the blocks.

0:22:00.160 --> 0:22:02.639
<v Speaker 1>She's worked for the same family for more than five years,

0:22:03.240 --> 0:22:06.080
<v Speaker 1>but since COVID began, they cut back her days from

0:22:06.119 --> 0:22:09.479
<v Speaker 1>five to two per week, so she used to make

0:22:09.520 --> 0:22:12.960
<v Speaker 1>seven hundred and fifty eyes per week. Now she's paid

0:22:12.960 --> 0:22:18.399
<v Speaker 1>three d And there's a big catch. They told her

0:22:18.440 --> 0:22:20.760
<v Speaker 1>they don't want her taking the bus because she'll have

0:22:20.800 --> 0:22:23.439
<v Speaker 1>too much exposure to the virus and can bring it

0:22:23.480 --> 0:22:26.800
<v Speaker 1>into their house. That way, if she wants to keep working,

0:22:27.520 --> 0:22:29.800
<v Speaker 1>she has to take an uber and she has to

0:22:29.840 --> 0:22:33.359
<v Speaker 1>pay for it. As a result, the cost of her

0:22:33.440 --> 0:22:37.760
<v Speaker 1>daily commute increased tenfold, and Haulsa is not happy about it.

0:22:41.520 --> 0:22:50.000
<v Speaker 1>Last last, she should be paying part of my fair

0:22:50.240 --> 0:22:52.800
<v Speaker 1>I think she had the obligation to pay, don't you think?

0:22:53.200 --> 0:22:56.040
<v Speaker 1>But no, I pay with the tiny bit that I learned.

0:22:56.320 --> 0:22:59.919
<v Speaker 1>Hanata and Paulsa dive into a heated conversation about how

0:23:00.080 --> 0:23:19.520
<v Speaker 1>COVID has underlined inequality here, I no sabe somewhere LETI

0:23:24.040 --> 0:23:26.879
<v Speaker 1>rich thing that COVID only comes from poor people. So

0:23:26.920 --> 0:23:29.320
<v Speaker 1>I'm not gonna let the cleaning woman come because she

0:23:29.320 --> 0:23:31.720
<v Speaker 1>could bring it to me. But they don't think about

0:23:31.760 --> 0:23:34.240
<v Speaker 1>the fact that the people who actually bring the virus

0:23:34.480 --> 0:23:37.119
<v Speaker 1>are those who travel around everywhere will take plane to

0:23:37.200 --> 0:23:39.960
<v Speaker 1>go to other countries. We'll just stay in our little world.

0:23:40.080 --> 0:23:42.960
<v Speaker 1>We just go downtown, back home, downtown, back home. We

0:23:42.960 --> 0:23:46.760
<v Speaker 1>don't leave the house. The fact that rich employers view

0:23:46.800 --> 0:23:50.159
<v Speaker 1>people like Hanata and Donna Haza as the source of

0:23:50.200 --> 0:23:54.159
<v Speaker 1>infection is especially going to Hanata because of how the

0:23:54.240 --> 0:23:58.080
<v Speaker 1>outbreak happened here. At the beginning of the pandemic, there

0:23:58.160 --> 0:24:01.199
<v Speaker 1>was a major super spreader event a luxury beach resort

0:24:01.200 --> 0:24:04.640
<v Speaker 1>called Frangozo. It put on display how the wealth He's

0:24:04.720 --> 0:24:09.960
<v Speaker 1>jet setting lifestyle was contributing to the outbreak. Meanwhile, Hanata

0:24:10.000 --> 0:24:13.280
<v Speaker 1>has never traveled outside of the city. In fact, she's

0:24:13.320 --> 0:24:15.320
<v Speaker 1>only able to travel as far as her gas tank

0:24:15.400 --> 0:24:18.080
<v Speaker 1>can take her. We pull up to the gas station

0:24:18.359 --> 0:24:20.640
<v Speaker 1>and Hanna to ask the attendant for thirty he eyes

0:24:20.680 --> 0:24:27.080
<v Speaker 1>worth the gas. I realized the thirty hey eyes Josa

0:24:27.160 --> 0:24:30.560
<v Speaker 1>gave her earlier is the exact amount Hanata needs to

0:24:30.600 --> 0:24:34.080
<v Speaker 1>get them into Brazilia this morning, and not just constantly

0:24:34.080 --> 0:24:36.639
<v Speaker 1>on the hunt for cheap fuel, which is getting harder

0:24:36.640 --> 0:24:40.879
<v Speaker 1>to find. Petro Bras, the state oil giant, increased prices

0:24:40.920 --> 0:24:44.639
<v Speaker 1>by nearly in mid March. Now Brazil has some of

0:24:44.720 --> 0:24:47.359
<v Speaker 1>the most expensive gas in the world, and since she

0:24:47.400 --> 0:24:49.680
<v Speaker 1>can only afford a little bit at a time, she

0:24:49.760 --> 0:24:53.040
<v Speaker 1>has developed this finely tuned sense of exactly how much

0:24:53.040 --> 0:24:54.800
<v Speaker 1>she'll need in the tank to get her to the

0:24:54.840 --> 0:25:09.240
<v Speaker 1>next destination before the cardpt have meals she has, but

0:25:09.440 --> 0:25:13.000
<v Speaker 1>COVID it has gotten worse. We could buy things then

0:25:13.119 --> 0:25:16.119
<v Speaker 1>that we can only buy now. Working double the hours

0:25:16.200 --> 0:25:24.200
<v Speaker 1>because the price of everything increased also jumps out America.

0:25:27.840 --> 0:25:30.280
<v Speaker 1>Just watch what happens when I go to the grocery store.

0:25:30.680 --> 0:25:40.120
<v Speaker 1>I can't even buy a killo off chicken compan It's complicated.

0:25:40.640 --> 0:25:43.960
<v Speaker 1>This is the reality for Brazilians, a choke hold. Every day.

0:25:44.480 --> 0:25:47.680
<v Speaker 1>Hanata drops Holsa off and heads to the government ministry.

0:25:48.720 --> 0:25:51.200
<v Speaker 1>Ten hours later, I meet her as she's getting out.

0:26:08.440 --> 0:26:17.959
<v Speaker 1>Why as she's walking to her car, I asked her

0:26:18.000 --> 0:26:21.240
<v Speaker 1>how her day went, But I noticed her mood has shifted.

0:26:22.119 --> 0:26:23.959
<v Speaker 1>When I left her at work, she was a chipper.

0:26:24.640 --> 0:26:27.479
<v Speaker 1>Now she seems like she's forcing a smile, and I

0:26:27.520 --> 0:26:31.120
<v Speaker 1>soon discover she's actually furious. One alone, just get out

0:26:31.119 --> 0:26:38.120
<v Speaker 1>of his front of the face. I'm going to send

0:26:38.119 --> 0:26:40.879
<v Speaker 1>an audio message and let's see if to answer me.

0:26:41.440 --> 0:26:44.119
<v Speaker 1>Because the son of the owner is ignoring me. He

0:26:44.280 --> 0:26:46.919
<v Speaker 1>is ignoring all of us. I've got to call quickly

0:26:46.920 --> 0:26:52.120
<v Speaker 1>because the office is about to close. She sits down

0:26:52.119 --> 0:26:55.000
<v Speaker 1>on the driver's seat and almost immediately starts sending a

0:26:55.080 --> 0:26:58.960
<v Speaker 1>firm but polite voice note to her former employer. The

0:26:59.040 --> 0:27:05.040
<v Speaker 1>company owes her seventy eyes. That is week's overdue for Hanata.

0:27:05.160 --> 0:27:07.320
<v Speaker 1>That's a month and a half pay missing from her

0:27:07.359 --> 0:27:10.960
<v Speaker 1>bank account. It's not the only problem she's dealing with.

0:27:11.840 --> 0:27:13.920
<v Speaker 1>She's also taking the father of one of her kids

0:27:13.920 --> 0:27:17.280
<v Speaker 1>to court for not paying child support, money she desperately needs.

0:27:18.280 --> 0:27:20.399
<v Speaker 1>And throughout the day she's had to be checking in

0:27:20.400 --> 0:27:23.879
<v Speaker 1>on her kids because they're home alone. But she doesn't

0:27:23.880 --> 0:27:26.440
<v Speaker 1>have time to worry about all that now, not when

0:27:26.480 --> 0:27:30.120
<v Speaker 1>she could be making money driving Uber her new pandemic job.

0:27:31.000 --> 0:27:33.320
<v Speaker 1>She's got four to six more hours of work ahead

0:27:33.320 --> 0:27:40.879
<v Speaker 1>of her. What did Let's go ahead and turn on

0:27:41.000 --> 0:27:47.920
<v Speaker 1>the app. Let's work and make some money. Hanata had

0:27:47.960 --> 0:27:51.520
<v Speaker 1>never considered driving an uber before until the pandemic made

0:27:51.520 --> 0:27:55.000
<v Speaker 1>it necessary. She needed a quick way to start making

0:27:55.000 --> 0:27:57.080
<v Speaker 1>money to keep up with a surge and costs of food.

0:27:57.880 --> 0:28:00.840
<v Speaker 1>A friend suggested buying a car and paying it off

0:28:00.880 --> 0:28:04.800
<v Speaker 1>by driving Uber, except now costs of increase even higher

0:28:04.800 --> 0:28:08.480
<v Speaker 1>than she imagined, So she's locked into having to drive

0:28:08.560 --> 0:28:11.359
<v Speaker 1>Uber as much as she possibly can, and so she

0:28:11.400 --> 0:28:14.120
<v Speaker 1>can barely hold her eyes open just to not fall

0:28:14.119 --> 0:28:22.120
<v Speaker 1>behind on her carpet at it. Sometimes I leave work

0:28:22.160 --> 0:28:25.320
<v Speaker 1>and say I'm not going to drive today because I

0:28:25.359 --> 0:28:27.879
<v Speaker 1>am not in the right head space. But then I

0:28:27.920 --> 0:28:30.760
<v Speaker 1>think I will have to drive around because I've got

0:28:30.760 --> 0:28:33.840
<v Speaker 1>this carnet and everything else to pay. She starts to

0:28:33.840 --> 0:28:35.960
<v Speaker 1>pull up to a gas station, but sees the price

0:28:36.080 --> 0:28:41.160
<v Speaker 1>and swerves back one of the road. Did she about

0:28:41.200 --> 0:28:45.080
<v Speaker 1>the second month geez for already increased the price of gas? Shoot,

0:28:45.320 --> 0:28:47.960
<v Speaker 1>I'm not going to fill up here. Riding around all

0:28:48.080 --> 0:28:50.760
<v Speaker 1>day made me realize she'd been holding her life together

0:28:50.800 --> 0:28:54.280
<v Speaker 1>by a thread, and then COVID came and took all

0:28:54.320 --> 0:28:58.200
<v Speaker 1>these tenuous situations and just stretched her to the breaking point.

0:28:59.200 --> 0:29:02.400
<v Speaker 1>Things were never ze for Hanata. And then COVID came

0:29:02.440 --> 0:29:05.720
<v Speaker 1>along and threatened to snap all of those fragile strings

0:29:05.760 --> 0:29:10.440
<v Speaker 1>that Hanata was tying together. Job market disruptions from shutdowns

0:29:10.440 --> 0:29:14.160
<v Speaker 1>and supply chain breakdowns that led to inflation. It all

0:29:14.200 --> 0:29:17.840
<v Speaker 1>meant that Hanata's options for work got smaller, even while

0:29:17.920 --> 0:29:19.640
<v Speaker 1>she had to work more and more to keep up

0:29:19.640 --> 0:29:24.000
<v Speaker 1>with prices. In the aftermath of the pandemic, Hanata is

0:29:24.000 --> 0:29:27.720
<v Speaker 1>facing down economic forces that are too much for even

0:29:27.720 --> 0:29:31.600
<v Speaker 1>a self described geheira or warrior woman, and not as

0:29:31.600 --> 0:29:36.280
<v Speaker 1>a hustler. But she's working to her max. And she's

0:29:36.320 --> 0:29:39.880
<v Speaker 1>just one woman, just one mom, in a place where

0:29:39.880 --> 0:29:43.280
<v Speaker 1>there are twenty million like her, each of them just

0:29:43.360 --> 0:29:45.520
<v Speaker 1>trying to sort out a way to get by in

0:29:45.560 --> 0:29:51.360
<v Speaker 1>this new, harsh, increasingly unequal world. It's starting to get

0:29:51.440 --> 0:30:01.560
<v Speaker 1>dark out and she's running low on gas as always.

0:30:05.280 --> 0:30:07.680
<v Speaker 1>Let me see how much it is here. Oh my god,

0:30:07.960 --> 0:30:11.360
<v Speaker 1>it's going up everywhere. Just because the government said they're

0:30:11.360 --> 0:30:13.880
<v Speaker 1>going to lower the price of gasoline. They say the

0:30:13.920 --> 0:30:21.960
<v Speaker 1>station increased the price of gasoline. There's really screwing us.

0:30:22.440 --> 0:30:26.440
<v Speaker 1>During Hanata's Uber shift, she drives from Asasul to Asanoichi,

0:30:26.880 --> 0:30:30.000
<v Speaker 1>from one nice neighborhood to another, bringing people home from

0:30:30.000 --> 0:30:33.480
<v Speaker 1>work to their families. She tells me how driving uber

0:30:34.000 --> 0:30:36.760
<v Speaker 1>gives her a unique window and to other people's lives.

0:30:37.520 --> 0:30:41.480
<v Speaker 1>She says she sees people Austin showing off every weekend.

0:30:43.920 --> 0:30:48.400
<v Speaker 1>Maybe says it's a trip on the yacht or drinks

0:30:48.520 --> 0:30:52.040
<v Speaker 1>or women or drugs. Meanwhile, a lot of people are

0:30:52.080 --> 0:30:56.560
<v Speaker 1>experiencing hunger. Inequality is on her mind that she goes

0:30:56.600 --> 0:31:06.640
<v Speaker 1>from one ride to the next. Stine vivan Pi Social East. No,

0:31:08.680 --> 0:31:12.120
<v Speaker 1>capitalist in equality is enormous. We don't live in a

0:31:12.120 --> 0:31:15.240
<v Speaker 1>socialist country. We live in a capitalist country where the

0:31:15.400 --> 0:31:17.680
<v Speaker 1>rich would always be on top and the lower class

0:31:17.680 --> 0:31:20.200
<v Speaker 1>will be at the bottom of the well. Her uber

0:31:20.280 --> 0:31:22.680
<v Speaker 1>rights also make her think about her own life in

0:31:22.760 --> 0:31:29.520
<v Speaker 1>limitations on the open back downing Elias, that's a suging

0:31:29.600 --> 0:31:31.920
<v Speaker 1>Ways school. Yesterday I went to pick up a young

0:31:32.000 --> 0:31:34.600
<v Speaker 1>person at one of those English language schools in the

0:31:34.640 --> 0:31:38.400
<v Speaker 1>South Zone, and I thought, Wow, my daughter is never

0:31:38.520 --> 0:31:40.280
<v Speaker 1>going to be able to attend a school like this

0:31:40.360 --> 0:31:42.920
<v Speaker 1>with the money I make. I looked it up. A

0:31:43.040 --> 0:31:45.480
<v Speaker 1>year of tuition at that school cost more than fourteen

0:31:45.520 --> 0:31:49.920
<v Speaker 1>tho US dollars per year, and not just total income

0:31:50.680 --> 0:31:57.400
<v Speaker 1>is less than half that. My fast we think, don't

0:31:57.720 --> 0:32:04.200
<v Speaker 1>The photoco was mostly if there are days when I'm

0:32:04.240 --> 0:32:07.320
<v Speaker 1>totally wiped out because I have three jobs and I

0:32:07.400 --> 0:32:10.520
<v Speaker 1>have my kids and run the household, and I can't disappoint.

0:32:11.040 --> 0:32:15.800
<v Speaker 1>She continues driving along the way. She passes the modern monuments,

0:32:16.440 --> 0:32:21.280
<v Speaker 1>the hulking shopping malls, the Congress Building, and the Presidential Palace.

0:32:22.560 --> 0:32:26.000
<v Speaker 1>If she's lucky, she drives across one of Brazilia's postcard

0:32:26.040 --> 0:32:37.800
<v Speaker 1>bridges at sunset. I was seeing something I like a

0:32:37.800 --> 0:32:40.280
<v Speaker 1>lot as well. It's when I passed by the side

0:32:40.320 --> 0:32:42.480
<v Speaker 1>of the lake. I always stopped to look at the

0:32:42.520 --> 0:33:02.800
<v Speaker 1>horizon over the water and thank God. No that. Oh,

0:33:03.160 --> 0:33:06.560
<v Speaker 1>she's arriving home at nine thirty pm tonight, But she

0:33:06.600 --> 0:33:09.800
<v Speaker 1>could work longer. If she does eleven more rides, she'd

0:33:09.840 --> 0:33:12.320
<v Speaker 1>get a hundred and twenty he eyes of incentive bay

0:33:12.360 --> 0:33:17.520
<v Speaker 1>about US dollars today, though she makes the tough choice

0:33:17.560 --> 0:33:20.040
<v Speaker 1>to forego that money so she can see her kids

0:33:20.080 --> 0:33:23.280
<v Speaker 1>before they go to sleep. Yeah, she gets home and

0:33:23.280 --> 0:33:26.800
<v Speaker 1>they have a family dinner, a late one. After she

0:33:26.880 --> 0:33:29.000
<v Speaker 1>sends them to wash up and get ready for bed,

0:33:29.840 --> 0:33:38.080
<v Speaker 1>she does the dishes and sets the alarm for five am.

0:33:38.080 --> 0:33:41.240
<v Speaker 1>The pandemics toll on Brazil and people like Hannada is

0:33:41.280 --> 0:33:45.160
<v Speaker 1>the worst case scenario, a widening divide between the rich

0:33:45.320 --> 0:33:48.560
<v Speaker 1>and everyone else, which has made daily life a struggle

0:33:48.640 --> 0:33:52.960
<v Speaker 1>for many people. But there's another issue. Something then and

0:33:53.000 --> 0:33:56.400
<v Speaker 1>I talked about the real question is is there sort

0:33:56.440 --> 0:34:01.080
<v Speaker 1>of a natural spot that inequality heads a capitalist society,

0:34:01.160 --> 0:34:05.040
<v Speaker 1>Like over time, do we naturally become more and more

0:34:05.120 --> 0:34:08.600
<v Speaker 1>unequal up to a certain level until something comes along

0:34:08.640 --> 0:34:11.960
<v Speaker 1>and stops it, or can we do things policy things

0:34:12.200 --> 0:34:15.200
<v Speaker 1>that will prevent inequality from getting to that point or

0:34:15.239 --> 0:34:18.680
<v Speaker 1>from or reverse it so that without having a revolution,

0:34:18.840 --> 0:34:20.520
<v Speaker 1>Like it would be nice if we could have a

0:34:20.520 --> 0:34:23.160
<v Speaker 1>more equal society without having the kind of disruption that

0:34:23.600 --> 0:34:27.080
<v Speaker 1>World War Two, for example, brought along, or or the

0:34:27.080 --> 0:34:30.560
<v Speaker 1>pandemics of the Middle Ages brought along. Next week on

0:34:30.600 --> 0:34:33.120
<v Speaker 1>the Paycheck, we had to be part of the world

0:34:33.239 --> 0:34:37.600
<v Speaker 1>where wealth and equality actually reversed. For one simple reason,

0:34:38.239 --> 0:34:41.080
<v Speaker 1>poor and low income people got a lot of no

0:34:41.239 --> 0:34:45.560
<v Speaker 1>strings attached cash. The first emotion I feel, I remember

0:34:45.719 --> 0:34:51.200
<v Speaker 1>it was like almost disbelief, like me I got, like

0:34:51.280 --> 0:34:55.880
<v Speaker 1>my name never gets Thanks for listening to The Paycheck.

0:34:56.600 --> 0:34:58.680
<v Speaker 1>If you like our show, please how to over to

0:34:58.680 --> 0:35:02.160
<v Speaker 1>Apple Podcasts or We're where you listen to rate, review

0:35:02.320 --> 0:35:07.560
<v Speaker 1>and subscribe. This episode was hosted by Me Rebecca Greenfield

0:35:07.880 --> 0:35:10.879
<v Speaker 1>and reported by Me, Shannon Sims, and Ben Steve Verman.

0:35:11.400 --> 0:35:14.760
<v Speaker 1>It was edited by Francesca Levi with help from Janet Paskin,

0:35:15.040 --> 0:35:18.480
<v Speaker 1>Rocksheeta Saluja and Me. We also had editing help from

0:35:18.560 --> 0:35:23.280
<v Speaker 1>Daniel Balby, Shelley Banjo, Kristin V. Brown, Nicole Flato, Gilda

0:35:23.360 --> 0:35:27.560
<v Speaker 1>to Carly, Elissa McDonald, and Kai Schultz. This episode was

0:35:27.600 --> 0:35:30.399
<v Speaker 1>produced by Gilda to Carly and sound engineered by Matt

0:35:30.480 --> 0:35:34.520
<v Speaker 1>kim Our. Original music is by Leo Sidrin. The voiceovers

0:35:34.560 --> 0:35:38.520
<v Speaker 1>you heard were by Camilla Fontana and Isadora Colombi. Special

0:35:38.520 --> 0:35:43.000
<v Speaker 1>thanks to Magnus Hendrickson, Mckinninda Keeper, Margaret Sutherland, Stacy Wong,

0:35:43.200 --> 0:35:47.279
<v Speaker 1>and Aisha Diallo. Francesca Levi is Bloomberg's head of Podcasts.

0:35:47.800 --> 0:35:50.000
<v Speaker 1>See you next week.