ending diversity of better retirement for workers serving a social purpose not just the presidential one could could this really be the awakening of a new head of state wolk wall street. let's find out as we start watching the hawks. if you want the thing. at the bank like a real bitch would be the last to put it back to. what it's like right now i got it. because we're. going to start. well that was what you don't want to hog relevant. and i am capitalist now when magic showing up for work just days after your employer announces big bonuses big pay increases in benefits

benefits when it gets to loyal employees like you only to discover a sign tapes locked doors telling you the store you work at is close that well that's what happened to these sam's club employees last week in the rochester new york area. but. wal-mart corporation behind sam's club quietly announced the closure of at least sixty three sam's club stores across the u.s. the same day within twenty four hours that they praised the new g.o.p. tax overhaul which was according to this administration supposed to help corporations afford to create more jobs not as this move by wal-mart did remove nearly ten thousand jobs in the american marketplace according to a press release from wal-mart their focus has been on these associates and their

communities and communicating with them. taping a sign on the door here those very words contradict wal-mart's actions and if you're wondering why the way wal-mart treats its employees matters it's because wal-mart is one of the handful of private and public organizations that lou kind of literally sets the tone for employers around the world wal-mart is the third largest employer on earth keeping two point one million people in jobs around the world the only organizations that are bigger are the people's liberation army of china with two point three million employees and the u.s. department of defense which tops the list with three point two million workers worldwide habits guidelines the culture of workplaces comes from the top not just the top of a company but also from the top of an industry i mean why would a business with fifty employees care about making sure they're building a loyal staff with places like wal-mart and mcdonald's can pollute lands take

advantage of poor workers to bulk up their bottom line and and all do so while profiting from taxpayer funded subsidies but then why would the world's biggest private employers care when the world's biggest employer the u.s. department of state takes such unbelievably bad care of its employees asian orange to iraqi burn pits jobs in the military are deadly but what is so unsettling is that despite massive increases in funding they have not raised the working conditions. calories benefits our ongoing care of our nation's military veterans and public servants so while we can be furious at walmart use the much maligned g.o.p. tax overhauls of ben as a benefit to bulk up their real estate holdings cut back on expenses and remain competitive can we really be surprised the world's largest employers have no shame and using human beings to build wealth while ignoring the humanity of the people

who make them rich and powerful and rich powerful and wealthy is kind of the name of the game today and watching the heart really blows my mind i didn't realize that . ten thousand employees you know you're a big company with you close sixty some stores ten thousand people lose their jobs that's that's a town. that's multiple in the higher. end of my home to yeah yeah it's sort of hard to watch because while the one hand you see a corporation once again which you know that's capitalism not so you know suck it up buttercup that's kind of little bit of a good thing is that yes of course somebody wants to make money of course these things are going to happen of course there's only going to be so much but i think it's just the way they did and that was unnerving. and the thing about what i think the people start to stand like we're talking about how many i don't think a lot of people know and when you look at the chart of the top four employers in the you know on earth and there's your top four. war.

war war. i mean it's all there to you know the the department of defense this is worldwide we are u.s. military the largest employer china's military and then mcdonald's. and what's really frightening about the list and. really pointed out is the. military u.s. military number one ok we see how they treat veterans and soldiers you know v.a. hospitals are. taking care of the vets when they get back it's been a mess everybody you know everybody saying that i don't know how china takes care of its soldiers sorry. i don't i don't know. but then when you look at like wal-mart and then the next on the list is mcdonald's that means three out of the four on that list all have absolutely atrocious history

of taking care of their employees like you said where they're underpaid no retirement nothing like that blows my mind and that's top down like you pointed out man what's a person with fifty point they don't take care they're not ways better when they know that the big dogs at the top don't care either well there's this idea that i would whether it's public or private and i think that's the idea is when you look at those numbers they're supposed to be job creators that was the whole point was let's give capital to companies so that they can you know share at the heart of the idea but really what they're just trying to do is as has sort of hedge their bets on a real estate deal actually the sam's club c.e.o. john furner said that some laid off workers would be redeployed to nearby locations so to see you know that two of the sixty three locations are said to be repurposed and e-commerce two of the sixty. but i think it's very funny that it's like well

redeploy they're even used. military jargon the idea that someone would think that it's appropriate in leicester in the military you don't just tape somebody a sign to someone's door they show up and say this is what you're doing. and the fact that there were problems from a single wage increases yet so yeah there were what they were going to raise that year one out of one side of them out there saying look we're going to raise minimum wages from nine to eleven we're going to give people bonuses we're going to do this we're going to do this. less than twelve hours later they were like oh yeah and on top of that i scuttlebutt i heard is that they were they were just doing it like in response to what their competitors because their competitors like raise wages like you know whatever a little bit but there was a little they were soldiers of your game anyway at the end of the day sir you know and what's really interesting to have is when we were talking earlier about how this is a long history in the united states. and back in the bag but having labor versus

management. since one thousand nine hundred examples of before and there is and the thing about him is that there's this one this one area where you really see the how how hard the fight was and of these people really put their lives online i mean we talk about coworkers and save and call matter as save coal but coal workers back in the in the twenty is something states for a lot of labor and a lot of labor issues in this country there was actually organized labor leader from the one nine hundred twenty s. well into the sixty's john l. lewis he was a he said quote workers have kept faith in american institutions most of the conflicts which have occurred have been when labor is right to live has been challenged and denied and here so now you know that's coming here it is in the twenty's and thirty's they're still fighting that thing of which is that the worker trusts the institution they trust this idea back in the days of carnegie or whoever

you know this is a guy with a we're going to we're part of this one where together and it's when the institutions like a wal-mart say we can't have full i'm going to not give you full time employment you're just going to show up. and we're going to pocket how much money for the side of capitalism and there's a lot of real debate right now especially amongst like millennial as and people like that is do we will cap. capitalism work in the future you know is this really is the staining idea of how we go about our business because clearly it's eating the world alive right now where we've gone too far and that's why as i mentioned at the top of the show this letter from the man running like the biggest investment firm in the world is now saying all right corporate c.e.o.'s it's time because governments. are calling on governments in this letter saying look governments have failed to prepare for the future for their people you know retirement

infrastructure training people to get ready for automated. worker retraining because the government has failed to do that corporations need to step up and that he handles the lifeblood the investment money keeps a lot of these major corporations up and one point seven active one point seven trillion active investments is coming you know it's incredible to go to work i mean this is one of those things that i feel positive about it because i think the younger generations are you know the generation x. the millennial they're not going to invest like you know our parents and our grandparents and our great grandparents did just fine the thing that chip stock that's going to. they're going to invest in companies that they feel have value that's the big question since this letter was released which i think the new york times that are probably fired a corner offices and movement in a mall across the world because i was like. i'm going to have

a conscience about it you know and what's going to dictate what is going to dictate what's good works what's bad work there's a lot of questions so i love that anybody said here's an idea. there i just killed people part probably not going to be on the left what's interesting is his letter could you know be taken as a threat a lot of people are is that they might not invest in companies that they give a bad rap to that and black rock the company is literally doubling down internally on corporate government corporate governance increasing the size of the team by a hundred percent who judges corporate governance those they look at her like who they want to take the super rich money and people that rely on them to make their money where do i want to put it they're now going to have a check was saying look if you're not if your company isn't doing enough good public good we're not going to give you any money so it's going to be interesting to see if this is going to are the plays out it will definitely be interesting to see you know either we go to break court watchers don't forget to let us know what

you think of the topics we've covered on facebook and twitter. that are two dot com coming up on the phone talking about these qualities with donald jeffries author of the book revival of the rich. stay true to. the two thousand and eight economic crisis turned some countries into paix these are the countries with weaker economies that needed austerity policies if you are in a situational slow gloats even the recession austerity is a very bad idea it doesn't work and it makes millions of people very unhappy those who are unemployed see their which is declined almost a decade how good are the results. when you joined he's welcome by the people

gathered in greece to watch it all get people to see what do i do. you know i mean to fight he told. it's just. why the same mission still in place. is to weaken labor. well firstly. this is the truth they consider this is the consequences are actually quite acceptable as a decision. here's what people have been saying about rejected in the sixty's full on. the bill the show i go out of my way to lunch you know what it is that really packs a punch oh yeah it is the john oliver of our three americans doing the same we are

apparently better than the blues nothing's better than to see people you've never heard of love right back to the next president of the world they go straight because really. seriously send us an e-mail. to many around the world the united states has historically represented a land of opportunity a country built on the dream that one can start from nothing and with a little hard work become everything but underneath that most american dream is alive much more sobering economic reality researcher and author of the book survival of the richest donald jeffries explores just where the collective wealth

of the united states truly lives and recently he sat down with our own sean bell to discuss his latest book. jeffrey thank you so much for joining us to talk about your book survival of the richest and actually with want to start with this statistic which kind of shocked. me well i guess it's not too shocking but still it's a marked fall for united states from may to eighty eight the economist ranked as the best place to be born to today it's about sixteenth on the list what are the major differences that allow that kind of fall well i think the disparity of wealth is the major differences we see when the alarming statistic is a lot of long range because if you come out since i wrote the book but i read recently where fifty percent of the people in america now but the bottom half make less than twenty seven thousand dollars a year that's just that's amazing and that's half the country and less than twenty seven thousand you can't live on almost anywhere and began to get an apartment on that kind of salary little and less than that and we already knew that less than

the bottom fifty percent is less than one percent of the collective well so i think that's the main reason why this is becoming and not as great a place to live as it was for a long time if i could see can point to things like the inflation when it comes to rents inflation when it comes to health care education you know these type of things you have food but then when it comes to become wage we're basically still fighting to try to get ten dollars minimum wage when in fact in a way should probably be closer to i would say twenty five to thirty dollars to actually reflect what it used to be in the seventy's time period for example right i think that's that's the main problem is that politicians are ignoring is that i think the main issue in america is the the vast majority of workers are not being paid enough to meet the cost of living and as you mentioned the cost of everything go up and even in something like social security they don't factor in the cost of food and housing when they get their very small yearly raises and who knows what's going to happen so security now down the line with the fallout from this tax plan but people you already have one hundred closed one hundred million americans of

adult age are unemployed which somehow adds up to four percent unemployment under i don't know what kind of common core math that is but it doesn't add up in my book and then you have the people that are. working half of them are making twenty seven thousand less so it's a great disparity between people who top that are doing very well incredibly well and continue to do well and the people who really probably eighty percent of the public it's working is just struggling living i think seventy some percent of the people that are living paycheck to paycheck and you just you can i don't think that adds up to a first world economy and certainly doesn't have to what it was fifty years ago or yeah it's really described that's more of a description of a third world economy than first world but you know i mean the question people would have is those who say for example well we have people on the dole and they're just lazy and they don't say to pull themselves together and work hard i mean what is it that the rich are doing to allow themselves to continue to see you know huge amounts of profit let's say for example or you know paychecks of the millions of

dollars on the on the enable basis what is it you know what is it that keeps them in that class well i think one of the things that donald trump said that resonated with people was talking about it was a rigged game and he had no you know he was born to a multimillionaire so it became much easier to become a billionaire when you start out life as a multimillionaire the system is rigged for that point and survival the richest everything is in favor of the rich from things like the rich pay less for car insurance for instance because they don't fact they factor in certain things that favor them and certain things that don't favor border on the drivers. and get rich get so many freebies and things like that and this is them is backwards and yet as you mentioned that we have this mythical welfare queen type mentality that comes from the days of reagan who talked about the welfare queen and i think there's they've never been able to find these people i don't think anybody is people are certainly milking the welfare system i imagine but they're not getting very much out of it if they are you know gaming the system they're not becoming millionaires whereas we have so many people c.e.o.'s getting these huge goldman bro isn't the

reason the n.f.l. we saw the n.f.l. is is folding like a pack of cards and you know their ratings are down their business is doing terrible roger goodell recently basically threaten the n.f.l. said raise my souring and get. you know whatever it is how many millions for a life and give me my family and i completely free health care and i believe they caved in to him and that makes no sense in a free marketplace because by any measure he's done a horrible job he's running with. you know a golden egg into the ground and we see this story clee with so many c.e.o.'s who sat with carly fiorina you know ran h.p. . packard into the ground was given a forty million dollars goldman relative go and then tell qualified to run for president so i think that's that's the system we have is that the very wealthy are the most compiled in and yet the poor are the ones that have this reputation of their lazy and they want handouts and so forth but the rich actually get the big hand outs whatever handouts happens at the bottom are very small and just enough to

live on precisely i mean. you know we've seen for example situations like walmart employees who basically are making minimum wage and sub that and then they're basically having to get food stamps to be able to. you know have to have a you know have food because they basically cover trying to cover their rent and their basic cost of living and there was a time when we had labor unions in this country and it was like as though the capitalist class really went after the idea of labor unions as though it was too many freebies you know to pay too much for labor we're paying too much on health care and other you know pensions and things like that. is that i mean is that really one of the major reasons that we don't have that we have seen this kind of disparity this country is because we've seen the collapse of the labor unions i think that's one reason that's why i believe it really began with reagan in the air traffic controllers and going to see stood up to them under a great deal of americans were short sighted because i mean i never belonged to a labor union but i knew people who didn't back then the presence of labor unions

raised everyone salaries because of competition if i give you a perfect example that people that work in grocery stores i know someone that was a cashier at safeway back in the early eighty's and was making sense. thirty five thousand dollars a year which is a really good salary back in that same job today probably pays eight dollars an hour or so same company same because what happened the union they had a strong union back then and again the presence of the union i don't know if all the grocery stores unionized but the ones that weren't in they realized this is the going rate and that's why you have everything from immigration visa workers and so forth all this has an impact because once the wages get lowered for some people if they will work for that kind of wage then it becomes the standard and you have to accept it or not and it just i don't see how americans don't realize that you know the living talk about living wage is clichéd but you you have to be paid enough i think bernie sanders said no one should work full time and you know be in poverty

but we have that situation now half the country is making twenty seven thousand dollars or less that's an awful lot of people that are you know they're not living in the kind of middle class life a little on the first world tech the life and what we'll see then from trump's tax plan i mean what does that mean as opposed he basically is taking a lot of the but you know tax deduction this far as the corporations are concerned with the intention of great britain on economics or trying to bring corporate tax money start corporate dollars back into the united states trying to repatriate that money but then you also he's i think try to sickly give a little boon to the middle class and lower class by saying well everyone who ever will get a break for the next basically seven ten years. do you see this as something that can be productive for the economy or is it really just playing a sort of a token tip of the cap to the to the regular common man and most of it is going to the corporations i think that's probably had i think i think it's a trickle down type of like tax plan where we see the most obvious benefits coming

the corporate tax rate being slashed dramatically from i think thirty thirty six to twenty one percent or something that's permanent to have the individual class tax cut certainly not only for twenty twenty five knows it's going to happen after that and of course the time. tax rate is cut from thirty nine point six to thirty seven percent the last minute during a compromise the other tax rate i'm not sure i don't know how my tax rate is going to i'll have to see when we do our taxes but they're changing the standard exemptions they're limiting lots of deductions what they're doing to real estate is awful they're going to cripple an already struggling market with the changes they're making there they're limiting deductions like for student loans and you know there's so many that's that's the biggest debt we have in this country and the average student to thirty two thousand dollars you're not going to be able to write that off anymore and. deductions for alimony are going to be eliminated a moving expenses and i'm not sure all the business expenses but if they translate into realtors and other type of sales people it's going to crash so that kind of industry because people depend on writing all their expenses off to be able to make

a living so and for trump is a real estate magnate you do that is you specially ironic but i think we'll have to see what the follows from that but just judging by the people who are cheering it. i think it's very reaganite like what he did in one thousand nine hundred six which was disastrous force and i don't think we realized how important that was as you know at that time he eliminated or they limited all the deductions that had for consumer credit and so that's what you could write off credit card debt auto loans personal loans things like that and then who had that impact and then impacted the people who needed those type of loans which are dinner at the bottom and so that's that seems would be what happens all the time is that the greater benefit happens to those the top and they just assumes that some magical way these things will trickle down and i don't i haven't seen much indication that they've ever trickle down. buying things online has become the norm for many who want to avoid crowded people dollars and do it all from the comfort of their living room but in the event

that you don't have a living ram amazon can help you with that too he was confident based model international started selling compact houses on amazon last all and then sent em up now offers hope. it was from tiny log cabins to shipping containers reworked intellectually is little living doll misfiled from a number of different companies but it's not new in fact this way nineteen zero eight one hundred forty this sears and roebuck catalog sold over ninety thousand home kits begin small in the united states over the years sears anonymous architects does died over four hundred forty seven different home designs countless of options of each for customers they said of course home prices are slightly different from nineteen away when you could buy an eight room bungalow for one hundred thousand dollars not including the cost of land. and now you can get and under thirteen square foot cabin will set you back about four thousand dollars

these days but it's a crime that's step. there's little houses are. just like are thrown out of doors are open for to target everyone to move the world we are about to all be a lovely stuff so i tell you all i love you i am a robot. and if you are watching the talks of a great writer but for. the new global economic war is unfolding in the realm of education the right to education is being supplanted by the right to access education alone higher education is becoming just another product that can be bought and sold so this not just about education anymore it's also about running a business where you could also. look at this also. they could limit. what is the place of students in this business model before college i was

born now and i'm extremely bored higher education the new global economic war. i don't think that any country can push a button and get rid of trade this is far too important to be farmers to political backlash money is a very fine people think and i think it will be very quick before people find ways around it because as i say in that it may be damaging it might cut it back but the idea that you could do anything nearly the same in the south it's very unlikely. prescribe medication is widespread on the us market and a frequent cause of death at that point in my life. i just felt like everything was ashes my family was literally coming unglued i had actually planned. to commit

suicide watch all who has made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects . was was chemically altered what i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's safe. young children have worked in bolivia for generations almost three quarters of a million are doing so today. this culture led to the development of bolivia's new liberal and highly controversial children's code in two thousand and fourteen which gave children as young as ten the right to work under certain circumstances what is and isn't as. is only.

eat well with us in the end all. the things years. but there are hundreds of thousands of children in bolivia operating completely outside the local. mining work is strictly forbidden by the children but it's never of course and that means the schoolboy minus continue risking their lives for the money they need to survive on.

was was i. was i. was was. the headlines on international washington truck song claims it was setting up a kurdish led border security force and syria off to turkey reacted furiously to the initial announcement quickly shifting its military equipment straight to the border. president costs doubt on any toltz with north korea but working just as direct negotiations between the two koreas resulted in

a breakthrough decision to.