Brad Gerstner

And on the margins, housing and their kids, their kids' education and the cost of those things.

We should really take a look deeply at, and I know this is very unpopular amongst capitalists, including myself, we should really look at the minimum wage and study what happened in New Zealand, Sweden, Switzerland.

Australia when they raised it, what actually happened when they raised it, and there was a lot of hand wringing about it, when they slowly raised it, what they found was those consumers don't save money, they spend it, they're always behind the eight ball in terms of their spending, we should opt in to trying to raise the minimum wage, company by company by company, and just give people who are at the end of the spectrum, that understanding that, hey, year over year, whether it's Amazon, or

Target, et cetera, restaurants, we're all collectively going to add a little bit to that minimum wage and try to lift the bottom third of society.

That's the stuff we're not talking about.

We don't talk about it here on this podcast.

We don't talk about universal healthcare.

We don't talk about the minimum wage, but that's what capitalists should be talking about.

And if we did that, if we increase the minimum wage, and I'm not a socialist, I'm a capitalist who think this is good for capitalism.

If we increase the minimum wage, just modestly each year,

And we opted into doing that.

And we figured out a way to give universal healthcare.

Companies wouldn't have to deal with universal healthcare and we would have customers.

And we're a customer driven economy.

Like 60, 70, 80% of what happens in this country is driven by the consumer.

We need consumer spending.

It's great for companies if we had more people being able to buy Netflix or order on Amazon.

Anyway, that's my TED Talk.

Thanks for coming.

No, the black eye we have in this country with polarization of wealth and people scared of losing their jobs.