As read by George Hahn. https://www.profgalloway.com/project-2028-wages/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Hey, this is Peter Kafka. I'm the host of Channels, a podcast about technology and media and how they're both changing all the time. And this week, I'm trying to figure out how Donald Trump is changing the media in Washington, in the courtroom, and in the boardroom. On to help me figure it all out is Sarah Fisher, the excellent Washington-based media reporter for Axios.
That's this week on Channels, wherever you get your favorite podcast.
I'm Scott Galloway, and this is No Mercy, No Malice. A key question for all business leaders and owners. Are you paying your people a living wage?
Project 2028 Wages, as read by George Hahn. Democrats need to be the party of ideas, not indignation. Our Project 2028 series addresses critical issues facing America through a no mercy, no malice lens. Today, we shift from housing to wages.
Before he was sworn in as Treasury Secretary in January, hedge fund manager Scott Besant warned that failing to extend $4 trillion in tax cuts would trigger an economic calamity. This is true if calamity means a reduction in the wealth of the richest Americans and large corporations. What bullshit.
The real calamity is the poverty and inequality that's set to worsen as the Trump administration advances policies that will disproportionately benefit a small number of people. See above, the richest Americans. The illusion of complexity is weaponized by the incumbents to mask a simple truth.
The clearest, blue-line path to a decrease in obesity, depression, incarceration, gun deaths, divorce, diabetes, homelessness, and crime is, wait for it, to put more money in the pockets of lower- and middle-income citizens. And the easiest way to do this is to hike the minimum wage.
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