How Inflation Punishes Workers | The Problem with Jon Stewart

Is corporate greed involved in the rising interest rates hurting the common worker? Hint: Yes! Our panel takes a look at the several ways policy makers have designed a system to punish the worker.

Watch the full panel in “The Inflation Blame Game,” now streaming on Apple TV+.

The Problem With Jon Stewart is now streaming on Apple TV+

Listen to The Problem With Jon Stewart podcast on Apple Podcasts, where available.

Subscribe to The Problem with Jon Stewart’s YouTube channel:

Follow The Problem With Jon Stewart
Instagram:

Twitter:

Follow Apple TV:
Instagram:

Facebook:

Twitter:

Giphy:

Follow Apple TV+
Instagram:


Apple TV+ is a streaming service with original stories from the most creative minds in TV and film. Watch now on the Apple TV app:

#TheProblemWithJonStewart #inflation #economy

[immortanjoe]

I was laughing when I decided to do a little job searching and ran across a job I had worked in my teenage years. The wage for that position hadn't changed in 20 years. These companies will continue to pay the bare minimum to their workers until they're forced to do otherwise.

[NoOne-zefv]

Greed is the biggest problem, there is enough for everyone’s need, but not enough for everyone’s greed!

[daschawk]

So basically: "We ain't gonna fix shit cause it'd be too difficult and then the rich wouldn't be rich."

That's all this ever comes down to.

[lovetownsend]

I remember turning 19 and I got REALLY into politics. I thought "Wow politics decide literally the world decisions for all people, why isn't EVERYONE obsessed with politics?" but that world is so harsh, so corrupt, so overwhelming bleak that its hard to be a political person. I commend people who are, I can't do it 24/7

[CantankerousDave]

“When wealth is passed off as merit, bad luck is seen as bad character. This is how ideologues justify punishing the sick and the poor. But poverty is neither a crime nor a character flaw. Stigmatize those who let people die, not those who struggle to live.”
— Sarah Kendzior

[smatting]

“John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires"

- Ronald Wright

[Riggsnic_co]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[pyrosnineActual]

For me, it's one of those things where the rank and file employees at a company are yelled at, held to the fire to "increase productivity" and their every failure is treated as a knife at the throat at the business. Meanwhile, the CEOs and upper management can literally run the company into the ground and not only get golden parachutes and get new high paying jobs somewhere when the company they ran crashes and burns, but may literally get paid straight cash out of the company's bankruptcy and liquidations. It's one of those things where you're on a two person bicycle, but the person steering isn't pedaling at all, and is hoping you'll pedal 300% faster to make up for how he's steered you both into a ditch.

[benwalters]

Torches and pitchforks, the capital owners in this country sleep too well.

[easytoassemble]

Both in the US and the UK, we've internalised the mantra that it's always the working majority that have to tighten their belts. As things start to bite for us, we are seeing rising fortunes of millionaires and record profits for corporations. If that doesn't make crystal clear that we need to start redistributing wealth, I don't know what else can be said.

[Tigerfan]

Jon, again, you speak the truth. I wish you had an even larger platform.

[edward.abraham]

Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

[Strict]

Raising the bonuses and wages for the top and then "we can't afford to raise the wages for the workers cause the economy is bad/we aren't making as much anymore" Well....if you lowered the bonuses and removed 90% of the top wages....you could easilly afford a small raise for the workers. Yes economists will say this will cause problems due to money actually being spent, the top earners don't spend money and nothing "trickles down" which makes is so that the inflation doesn't go up.

[ShiftyGeeza]

My parents were a 'traditional' working dad/housewife couple. He typically worked 9-5 Mon-Friday and his single salary was enough to buy a home, car, TV and the other household essentials. And when I say buy a car, I mean just that. He'd own a car rather than 'rent' it from a leasing company. We'd go on one holiday over the summers and all this was without the aid of any credit cards. I think that the mortgage was the only credit he took advantage of. Mum at most had a few stints as an 'Avon' lady, and that was it.

My generation though are a different story altogether. My wife works full time. I have my own business and it's not unusual for me to work 7 days a week with perhaps a day off every fortnight. Yet even with a combined income, and working ourselves to the grave, it just feels like a never ending swim against the tide. Surely having two incomes should have meant a massive jump in wealth for households over the years.

Yet I definitely feel poorer than my parents did, and it looks as though our children will be even poorer still.

It all feels like trickle up economics.

[Barbara]

One major factor was left out is that we are seeing global inflation. I saw it in the news that most countries are all competing for parts, products food etc. Even nations that managed their rates better are seeing major issues. The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role. Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare. I known the intention was to explain inflation but that doesn't do justice to the current inflation on a global scale.

[gregdenson]

It's not inflation it's price gouging.

[annaholloway]

The “Horatio Alger story” was ALWAYS mythology, meant to keep a permanent underclass in place. It has ALWAYS been rare and incredibly difficult to “pull oneself out of poverty.” Jon is right, as usual. It has ALWAYS been true that a permanent underclass is necessary for American capitalism to function in favor of the upper layers.

[erinmcdonald]

We need more of THIS! Jon calling out the privileged class and their shenanigans on a Daily basis. He is the journalist of this generation! 💜✊

[patrickbrade]

Stuart using his position to make people think and maybe help people. Its admirable!

[davwill]

not sure there used to be all that many folks going from being dirt poor to being in the top 1% in the old days, it happened, but it was extremely rare. maybe not as bad as it is today, but it never been all that great at any time in the past