Economic Update: Inflation & Labor Shortage
[S11 E25] Inflation & Labor Shortage
On this week's show, Prof Wolff talks about the social effects of inflation and the lack of accountability on the part of employers. Capitalist employers set prices with the only motive of maximizing. Employees, the vast majority, must live with inflation but are excluded from decisions setting prices. Employers scream “labor shortage” to get the government to force workers back to work at low wages. Employers also recover from economic crashes while undercutting workers’ efforts to do the same - and that's how capitalism works.
**Economic Update with Richard D. Wolff is a@Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/economicupdate. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical.
_______________________________________________________________________________
Learn more about d@w's NEW BOOK by award-winning print and broadcast journalist Robert "Bob" Hennelly.
Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People?
www.democracyatwork.info/books
“Hennelly brilliantly analyzes our capitalist crises and how individuals cope with them, tragically but often heroically. He helps us draw inspiration and realistic hope from how courageous Americans are facing and fixing a stuck nation.”
- Richard D. Wolff
Check out d@w's other books: "The Sickness is the System," "Understanding Socialism," and "Understanding Marxism"
http://www.lulu.com/spotlight/democracyatwork
______________________________________________________________________________
Follow us ONLINE:
Patreon: https://www.patreon.com/economicupdate
Websites: http://www.democracyatwork.info/economicupdate
http://www.rdwolff.com
Facebook: http://www.facebook.com/EconomicUpdate
http://www.facebook.com/RichardDWolff
http://www.facebook.com/DemocracyatWrk
Twitter: http://twitter.com/profwolff
http://twitter.com/democracyatwrk
Instagram: http://instagram.com/democracyatwrk
Subscribe to our podcast: http://economicupdate.libsyn.com
Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshopify.com
Видео Economic Update: Inflation & Labor Shortage канала Democracy At Work
On this week's show, Prof Wolff talks about the social effects of inflation and the lack of accountability on the part of employers. Capitalist employers set prices with the only motive of maximizing. Employees, the vast majority, must live with inflation but are excluded from decisions setting prices. Employers scream “labor shortage” to get the government to force workers back to work at low wages. Employers also recover from economic crashes while undercutting workers’ efforts to do the same - and that's how capitalism works.
**Economic Update with Richard D. Wolff is a@Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/economicupdate. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical.
_______________________________________________________________________________
Learn more about d@w's NEW BOOK by award-winning print and broadcast journalist Robert "Bob" Hennelly.
Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People?
www.democracyatwork.info/books
“Hennelly brilliantly analyzes our capitalist crises and how individuals cope with them, tragically but often heroically. He helps us draw inspiration and realistic hope from how courageous Americans are facing and fixing a stuck nation.”
- Richard D. Wolff
Check out d@w's other books: "The Sickness is the System," "Understanding Socialism," and "Understanding Marxism"
http://www.lulu.com/spotlight/democracyatwork
______________________________________________________________________________
Follow us ONLINE:
Patreon: https://www.patreon.com/economicupdate
Websites: http://www.democracyatwork.info/economicupdate
http://www.rdwolff.com
Facebook: http://www.facebook.com/EconomicUpdate
http://www.facebook.com/RichardDWolff
http://www.facebook.com/DemocracyatWrk
Twitter: http://twitter.com/profwolff
http://twitter.com/democracyatwrk
Instagram: http://instagram.com/democracyatwrk
Subscribe to our podcast: http://economicupdate.libsyn.com
Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshopify.com
Видео Economic Update: Inflation & Labor Shortage канала Democracy At Work
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
The Power of the Fed (full documentary) | FRONTLINEAmerica Vs. EveryoneCapitalism vs. Socialism: A Soho Forum DebateRichard D. Wolff Lecture on Worker Coops: Theory and Practice of 21st Century SocialismGlobal Capitalism: The Challenge of China [July 2021]Professor Richard Wolff: Opposition to Paying for Capitalism's Crisis | The New SchoolEconomic Update: How US Capitalism Uses NationalismDemocracy at Work: Curing Capitalism | Richard Wolff | Talks at GoogleEconomic Update: The Center Cannot HoldEconomic Update: The Declining Empire With Chris HedgesEconomic Update: Best Years of U.S. Lie in its PastEconomic Update: How Capitalism Shapes Our FoodIs Capitalism Actually Efficient?Socialism or Capitalism? Arthur Brooks and Richard Wolff DebateCapitalism Hits the Fan Film Screening and Q&A with Professor Richard Wolff | The New SchoolChris Hedges "American Sadism"Economic Update: History's Lessons On Capitalism's Failures: Germany & U.S.Economic Update: Why Capitalism Reproduces Inequality & a SolutionAsk Prof Wolff: Side Effects Always MatterHyperinflation is Already Here – You Just Haven't Realised It Yet.