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In this episode we explore the changing job outlook and the role of higher education.

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In this episode we look at the impact of increasing income and wealth disparities and prices on consumer spending. For example, the top 10% of all US households now accounts for 50% of consumer spending and the average house price ($500K) is now six times median household income ($80,020). In 1955 the average house price was 2.5 times the median income.

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This episode digs into the current enthusiasm for government downsizing and disinvestment. Adam Smith, ever the pragmatist, wrote that in addition to providing a defense from external threats and a fair and effective judicial system, the government has a responsibility to create and maintain public institutions and public works.

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We begin by looking at banking as the financial services industry impacts everyone. Then we look at a dominant manufacturer – Boeing. Each of these companies have had years-long legal and ethical problems while spending millions on lobbying and political candidates. We end by showing the growing economic and political dominance of very large companies.