income. but distributions of property and opportunity and distributions of access to work. so in my mind, to avoid heather s dystopian future, we need to start talking about things like the scale of enterprise and think about how we can start shrinking that scale of enterprise because it s highly efficient to have small network enterprises rather than the giant googles and microsofts and so forth which lead us to those distopian outcomes in terms of access to income and wealth and creative work which is what she s talking about. so working is a really key there. they are central to how we can if we distribute those more equitably, we not only solve the power problem but the carbon problem that chris is talking about because it gives people access to livelihood and
or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn t nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn t rocket science. it s just common sense, from td ameritrade.
maybe you like to work in your bath robe, maybe you don t. you would think that s the natural way that an economy would work. instetd, instead, economies have built these large corporations which were command and control and we have a lot to explain about that. and i think the insecurity was a lot of that was probably insecurity. it s easier for people to contract out, easier for people to connect through online and things like that and that s pushing people towards the direction of working as freelance. and the other thing is that for workers at the lower end, wages are falling so fast that breaking that security relationship is a way to sort of slow the fall in wages. if you were to maintain it costs something. there s an efficiency loss. if you are able to maintain that relationship in order to have a job, wages have to be even lower. so as the wages fall do you agree with that,
talking this morning about the next economy. what the economy should and will look like after the great recession after we go back to full employment, if and whenever that ever happens. and how that affects workers. karl, the question on the table is can we have a prosperous economy and also in this increasingly flexible freelance situation? people like the security of an employment relationship and as workers have had less and less bargaining power in the market they ve lost wage growth and employment growth. those are separate symptoms of the same thing. it s entirely possible to provide that with high wages without those things. those are two things that people like and as they have gotten worse and worse, they have lost both. if you don t have a contingent
need to be thinking about what are the nonmarket institutions that replace it because labor markets don t function like other markets and if they do they end up screwing a lot of people and we have to think about what kind of collective enterprises, be if they are not a big firm, what are the big enterprises? what nonmarket activity can secure relative equity? saket soni, thank you for joining us. thanks, chris. the economy is growing again. that is a good thing. karl smith wants to talk about it more when we come back. ies? let me put you on webcan. .lean roasted chicken. and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. [ male announcer ] you ve reached the age where you don t back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction