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In this episode, we look at economic performance in the U.S. from multiple angles, including what we see in the incredible growth of the stock market over the last twenty years (01:25), why the workers are not feeling much of that growth (7:12), how much automation and technology affects outcomes (21:12), whether our larger economic system itself is the problem, the solution, or both (32:48), and how government policy plays a large role in how economic spoils are distributed (41:36).

SHORTS

 

SHOW NOTES

Stock Market Hits More Record Highs; Amazon, Apple, Netflix, Tesla Are Key Movers

https://www.investors.com/market-trend/stock-market-today/dow-jones-industrial-average-record-high-apple-stock-amazon-stock-buy-point/

'Inequality in a nutshell': Alexandria Ocasio-Cortez says the Dow's record high is meaningless for many Americans

https://markets.businessinsider.com/news/stocks/aoc-dismisses-dow-stocks-record-high-inequality-wages-nutshell-2020-1-1028811882

Low unemployment isn’t worth much if the jobs barely pay

https://www.brookings.edu/blog/the-avenue/2020/01/08/low-unemployment-isnt-worth-much-if-the-jobs-barely-pay/

There are more jobs than people out of work, something the American economy has never experienced before

https://www.cnbc.com/2018/06/05/there-are-more-jobs-than-people-out-of-work.html

Study By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens

https://mavenroundtable.io/theintellectualist/news/study-by-mit-economist-u-s-has-regressed-to-a-third-world-nation-for-most-of-its-citizens-Sb5A5HZ1rUiXavZapos30g

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