Its like i got it. Because we. Cant. Predict our. Welcome or what you dont want to hog relevant. And i am not allowed its now one magic showing up for work just days after your employer announces big bonuses big pay increases and benefits benefits when it gets to loyal employees like you only to discover a sign taped the locked door is telling you the store you work at is close that well thats what happened to these sams club employees last week and the rochester new york area. Dont like. Walmarts corporation behind sams club quietly announced the closure of at least sixty three sams club Stores Across the u. S. The same day within twenty four hours that they praised the new g. O. P. Tax overhaul which was according to this administration supposed to help corporations afford to create more jobs not as this move by walmart did remove nearly ten thousand jobs in the american marketplace according to a press release from walmart their focus has been on these associates and their communities and communicating with them. Taping a sign on the door get those very words contradict walmarts actions and if youre wondering why the way walmart treats its employees matters is because walmart is one of the handful of private and public organizations that lou kind of literally sets the tone for employers around the world walmart is the Third Largest employer on earth keeping two point one Million People in jobs around the world the only organizations that are bigger are the Peoples Liberation army of china with two point three million employees and the u. S. Department of defense which tops the list with three point two million Workers Worldwide habits guidelines the culture of workplaces comes from the top not just the top of a company but also from the top of an industry i mean why would a business with fifty employees care about making sure theyre building a loyal staff with places like walmart and mcdonalds can pollute lands take advantage of poor workers to bulk up their bottom line and and all do so while profiting from taxpayer funded subsidies but then why would the worlds biggest private employers care when the worlds biggest employer the u. S. Department of state takes such unbelievably bad care of its employees asian orange to iraqi burn pits jobs in the military are deadly but what is so unsettling is that despite massive increases in funding they have not raised the working conditions some. Calories benefit our ongoing care of our nations military veterans and Public Servants so while we can be furious at walmart using the much maligned g. O. P. Tax overhauls of ben as a benefit to bulk up their Real Estate Holdings cut back on expenses and remain competitive can we really be surprised when the Worlds Largest employers have no shame and using human beings to build wealth while ignoring the humanity of the people who make them rich and powerful and rich powerful and wealthy is kind of a navy game today and watching the heart really blows my mind i didnt realize the. Ten thousand employees you know youre a big company with you close sixty some stores ten thousand people lose their jobs thats thats a town. Thats multiple in the higher town kind of my hometown yeah yeah its sort of hard to watch because while the one hand you see a corporation once again which you know thats capitalism not so suck it up buttercup thats cover them good thing is that yeah of course somebody wants to make money of course these things are going to happen of course theres only going to be so much but i think its just the way they did and that was nervous. And the thing about walmart i think that people Start Talking about how many i dont think a lot of people know and when you look at the chart of the top four employers in the you know on earth and their top four. Or. More. Is all there it is you know the department of defense is worldwide we are u. S. Military is the largest employer. China military and then a mcdonalds you know that and whats really frightening about that list and as you brilliantly pointed out is the. Military u. S. Military number one ok we see how they treat veterans and soldiers. V. A. Hospitals are. Taking care of the vets when they get back its been a mess everybody you know everybody saying that i dont know how china takes care of its soldiers im sorry a lot of i dont know i dont know. But then when you look at like walmart and then the next on the list is mcdonalds that means three out of the four on that list all have absolutely atrocious history of taking care of their employees like you said where theyre underpaid no retirement nothing like that that blows my mind. And thats top down what you pointed out meant once a person is. Going to go take care of that way better when they know that the big dogs at the top dont care either well theres this idea whether its public or private and i think thats the idea is when you look at those numbers theyre supposed to be job creators that was the whole point was lets give capital to companies so that they can you know share at the sort of the idea but really what theyre just trying to do is as has sort of hedge their bets on a real estate deal actually the sense of c. E. O. John furner said that some laid off workers would be redeployed to nearby locations so to see you know that two of the sixty three locations are said to be repurposed and ecommerce two of the sixty. But i think its very funny that its like well redeploy theyre even using military jargon the idea that someone would think that its appropriate in leicester in the military you dont just tape somebody a sign to someones door they show up and say this is what youre doing and. The fact that there were problems from a single. Yes so yeah there were what they were going to raise that year one out of one side of them out there saying look were going to raise minimum wages from nine to eleven were going to give people bonuses were going to do this were going to do this. Less than twelve hours later they were like oh yeah and on top of that i scuttlebutt i heard they were they were just doing it like in response to what their competitors because theyre competitors like raise wages like you know whatever a little bit but there was a deal they were told in the yard game anyway at the end of the day sir you know and whats really interesting to have is when we were talking earlier about how this is a long history in the United States goes back but having labor versus management. Since one thousand nine hundred exactly well before and there is and the thing about him is that theres this one this one area where you really see how hard the fight was at these people really put their lives online i mean we talk about coworkers and save and call not as save coal but coal workers back in the in the twenty is sought the stage for a lot of labor and a lot of labor issues in this country there was actually organized labor leader from the one nine hundred twenty s. Well into the sixtys john l. Lewis he was a reason quote workers have kept faith in american institutions most of the conflicts which have occurred have been when labors right to live has been challenged and denied and here so you know thats coming here it is in the twentys and thirtys theyre still fighting that thing of which is that the worker trusts the institution they trust this idea back in the days of carnegie or whoever you know this is a guy that were going to were part of this one way or the other and its when the institutions like a walmart say we cant have full im going to not give you full time employment youre just going to show up. And were going to much money for the side of capitalism and theres a lot of real debate right now among especially amongst like millennial xin and activists people like that is do we cap. Capitalism work in the future you know is this really a sustaining idea of how we go about our business because clearly its eating the world alive right now where weve gone too far and thats why as i mentioned at the top of the show this letter from the man running like the Biggest Investment Firm in the world is now saying all right corporate c. E. O. s its time because governments because they are calling on governments in this letter saying look governments have failed to prepare for the future for their for their people you know and thats retirement infrastructure training people to get ready for automation worker retraining because the government has failed to do that corporations need to step up and that he handles the lifeblood the investment money that keeps a lot of these major corporations up and one point seven active one point seven trillion active investments is coming you know i think its incredible to go to work i mean this is one of the things that i feel positive about it because i think the Younger Generation the generation x. The millennial theyre not going to like. You know our parents and our grandparents and our great grandparents did of just fine the thing that we chip stock thats going to want right theyre going to invest in companies that they feel have found that value thats the big question since this letter was released which you know i think the New York Times that are probably you know set fire to corner offices and movement in a mall across the world because i was like whoa this is to say it isnt going to have a conscience about it yeah you know and whats going to dictate what is you know whos going to dictate whats good works whats bad works theres a lot of questions so i love that even if not bad heres an idea does it bob people right up until the people pour probably not going to be on the left whats interesting is his letter could. Be taken as a threat a lot of people are they might not invest in companies that they give a bad rap to the black rock the company is literally doubling down internally on corporate government Corporate Governance increasing the size of the team by a hundred percent who judges Corporate Governance so they look at her like who they want to take these super rich moneys and people that do rely on them to make the money where do i want to put it theyre now going to have a checklist saying look if youre not if your company isnt doing enough good public good were not going to give you any money so its going to be interesting to see if this is p. R. If it plays out it will definitely be interesting to see how yes i does go to break our questions dont forget to let us know what you think of the topics covered in facebook and twitter see our poll shows at our two dot com coming up one stone talks about the new quality with Donald Jeffries author of the book survival of the richest stay tuned. I dont think that any country can push a button and get rid of trade this is far too important to be for. I wish to political backlash money is a very plentiful thing and i think it will be very quick before people find ways around it because they say it may be damaging it might cut it back but the idea that you could do anything nearly to the south is very unlikely. Is iran must going to fit into steve jobs is by coming up with Innovative Products you know the electronic gadgets market is a little bit different in the car business because the car business is you know you kind of bound by the highway system and youre bound by the whole infrastructure that is the Automotive Industry and the lobbying of the Automotive Industry so its a bit difficult to be disruptive in that industry in a way hes going to open up his charging stations with one nine hundred fifty style burger and shake joints with servers on roller skates ok thats thats an idea that might take off that might be a new like starbucks like third place that people go to to have an experience that might work. Closer to you know when you dont see. The teachers what did the court to do. What did you not through only ten space. Left alone. Said. Samantha climbed into no terminated especially that. Alex you speak french. Most of you have passed close while the timing of the events send them to continue to post sundays busy times that come to this close. To many around the world the United States as the stork lee represented a land of opportunity a country built on the dream that one can start from nothing and with a little hard work become everything but underneath that most american of dreams lies a much more sobering economic reality researcher and author of the book survival of the richest Donald Jeffries explores just where the collective wealth in the United States truly lives and recently he sat down with our own sean bell to discuss his latest book and jeffrey thank you so much for joining us to talk about your book survival of the richest and actually i want to start with this statistic which kind of shocks me well i guess its not too shocking but still its a marked fall for United States from may to eighty eight the economist ranked as the best place to be born to today its about sixteen on the list what are the major differences that allow that kind of fall well i think the disparity in wealth is the major differences we see when the alarming statistic a lot of alarming statistics here come out since i wrote the book but i read recently where fifty percent of the people in america now but the bottom half make less than twenty seven thousand dollars a year thats just thats amazing thats half the country. Less than twenty seven thousand you cant live on almost anywhere and began to get an apartment on that kind of salary little on less than that so and we already knew that less than the bottom fifty percent is less than one percent of the collective well so i think thats the main reason why this is becoming not as great a place to live as it was for a long time is the effect to me to obviously you can point to things like the inflation when it comes to rents inflation when it comes to Health Care Education you know these type of things you have food but then when it comes to become wage were basically still fighting to try to get ten dollars minimum wage when you factor in a way should probably be closer to say twenty five to thirty dollars tax. Youre flecked what used to be in the seventys time period for example right and i think thats thats the main problem is that politicians are ignoring is that i think the main issue in america is that the the vast majority of workers are not being paid enough to meet the cost of living and as you mention the cost of everything go up and even in Something LikeSocial Security they dont factor in the cost of food and housing when they get their very small yearly raises and who knows whats even to happen with the security now down the line with the fallout from this tax plan but people you already have one hundred close two hundred million americans of adult age are unemployed which somehow adds up to four percent unemployment under i dont know what kind of common core math that is but it does not up in my book and then you have the people that are working half of them are making twenty seven thousand or less so its a great disparity between the people who top that are doing very well incredibly well and continue to do well and the people who really probably eighty percent of the public its working is just struggling living i think seventy some percent of the people that are living paycheck to paycheck and you just you can i dont think that adds up to a first World Economy and certainly doesnt add up to what it was fifty years ago or yes or they describe thats more of a description of a third World Economy than first world but you know i mean the question people would have is those who say for example well we have people on the dole and theyre just lazy and they dont say its a pull themselves together and work hard i mean what is it that the rich are doing to allow themselves to continue to see you know huge amounts of profit lets say for example or you know paychecks of the millions of dollars on the on the enable basis what is it you know what is it that keeps them in that class well i think one of the things that donald trump said that resonated with people was talking about it was a rigged game and he had no you know he was born to a multimillionaire so it became much easier to become a billionaire when you start out life as a multimillionaire the system is rigged for that point and survival the richest everything is in favor of the rich from things like the rich pay less for Car Insurance for instance because they dont fact they factor in certain things that favor them a certain thing. And dont say a reporter on the drivers. And get rich kids so many freebies and things like that and this is the most backwards and yet if you mention that we have this mythical welfare queen type mentality that comes from the days of reagan who talked about the welfare queen and i think theres theyve never been able to find these people i dont think anybody people are certainly milking the Wealth Service system i imagine but theyre not getting very much out of it if they are you know gaming the system theyre not becoming millionaires whereas we have so many people c. E. O. s getting these huge goldman bros and recently n. F. L. We saw the n. F. L. Is is folding like a pack of cards and you know their ratings are down their business is doing terrible Roger Goodell recently basically threaten the n. F. L. Said raise my souring and give me you know whatever it is how many millions for a life and give me my family and i completely Free Health Care and i believe they caved in to him and that makes no sense in a free marketplace because by any measure hes done a horrible job hes running with what i could you know a golden egg into the ground and we see this story clee with so many c. E. O. s just not with Carly Fiorina who you know ran h. P. Packard into the ground was given a forty Million Dollars goldman relative go and then sell qualified to run for president so i think thats thats the system we h