The New Feudalism

It's a bit of a short podcast this week, taken up mainly by a discussion of a complex economic question. Since the 1970s, workers' wages have largely stagnated. Wages stopped increasing with productivity. Wages have declined as a share of GDP. Meanwhile, wages for the very top income earners, "the 1%", have sharply increased. Either we've gone back to 19th-century unregulated capitalism...or the government is somehow involved. Also, Arizona Democrats are being forced to learn how laws work.