Labor Arbitrage News Today

Everybody is making money, but the thing is were hearing some drivers not making good money at this. >> i ra ed a financial report about lyft recently that described the revenue growth that both lyft and uber have experienced being placed on labor arbitrage. this analyst said labor arbitrage was the basis of these companies. that means the revenue growth has come from squeezing down the amount of money the drivers get. and of course more and more drivers have piled in to trying to drive. so the ...

Longer their majorityy in this country, theaj top echelons have gotten richer than any group is ever been in human history. do you think that phenomenon is tied directly to china trade? >> i think it is certainly implicatedwe. weve lost millions of jobs, estimates range anywhere from three to 4 million jobs, outsourcing alone. then you have those jobs ripped out of this economy because of labor arbitrage that is cheaper labor producing goods and china, going to have a competitive advantage over ...

Come here. so -- >> why isnt that happening? >> you know, i think one, places like china and brazil and canada and mexico are easier than our barriers. i think number two, there is labor arbitrage, tax reform and immigration reform. >> i think a lot of people were hoping to see some kind of news headline on japan trade, the presidents trip. what headlines came out of that trip. >> the main thing i think is that the president is concerned to consolidate japans alliance with the u.s. in regard to ...

Administration doing this? is labor getting thrown under the bus on this? >> ed, i think theres been for a long time this fallacy in washington that these trade deals create exports. they do create exports. if you look at net exports versus imports, were continuing to have a deficit. this is driven by the same wall street gang that had driven us over the cliff. with the lowest environmental standards, the lowest wages, the lowest lay bar standards. and they play labor arbitrage. were predicting ...