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Episode #102

As Job Growth Lags, CEO Pay Reaches New Heights

Where's that "job creator" when you need one?

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Friday, April 18, 2014

It's been seven years since the financial meltdown, and more than 10 million people are still out of work across the country. That makes talking about job growth these days feel like filling out Mad Libs: the recovery is either anemic, sluggish or underpowered. So, what can we do to get out of this rut? This week on Money Talking, Joe Nocera of The New York Times and Diane Brady of Bloomberg Businessweek discuss new ideas to get the economy moving again. Plus, remember "job creators"? Those titans of industry that were going to save the economy? Well, few of the jobs they promised have materialized, but that hasn't prevented them — the chief executives — from making more and more. Money Talking examines why CEO pay continues to rise even as the economy limps along.

Guests:

Diane Brady

Hosted by:

Heidi Moore

Produced by:

Daniel P. Tucker

Contributors:

Joe Nocera

Comments [1]

WalterK from New Jersey

The panelists seemed to buy into the myth that people are unemployed because they don't have needed skills, and that training programs will cure unemployment. The real problem is that there are not enough jobs available.

"Free Trade" agreements have sent our jobs overseas, lower-paid visa holders are brought into the US to replace American workers, and businesses have decided that they can get along with fewer employees, largely by getting the remaining employees to put in unpaid overtime. This leaves more money for CEO salaries and bonuses.

Apr. 18 2014 09:01 AM

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