Economic Update: Precarious Work Equals Capitalism’s Inefficiency

This episode provides updates on the economics of refugees, the history of Labor Day, the Seattle Teachers strike and how Japan’s jobs are growing ever more precarious. We also respond to questions on why rising wages need not mean rising prices. Finally, we interview Dr. Harriet Fraad on the psychological pains, personal suffering and huge social costs of imposing uncertainty on job security, hours and days of work, benefits and wages.”

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