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Podcast: The Mike Hosking Breakfast
Episode: Mike's Minute: Why the increased cost of labour will hurt our economy
Description: In America at the moment there is a lot of talk about the “K” shaped economy. Car dealers see it. If you have a good, safe job, good income and you're in the markets invested in AI (before it all pops) you are feeling good. You are the upward bit of the “K”. You're buying a flash new car with carbon add-ons. If you've been laid off, or about to be by a robot, you hate AI because you never earned enough to buy stock anyway and your SNAP payment hasn’t come through becau...