{"id":372882,"date":"2018-08-10T22:34:57","date_gmt":"2018-08-10T21:34:57","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/media-econ-101\/"},"modified":"2018-08-10T22:34:57","modified_gmt":"2018-08-10T21:34:57","slug":"media-econ-101","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/media-econ-101\/","title":{"rendered":"Media Econ 101"},"content":{"rendered":"<div id=\"wrapperMI_0\" class=\"wrap-mjp  \" style=\"padding:5px 0px 40px 0px;margin:0px;width:100%\">\n<div class=\"Eabove-mjp\" id=\"Eabove-mjp_0\"><\/div>\n<div class=\"subwrap-MI\">\n<div class=\"jp-innerwrap\">\n<div class=\"innerx\"><\/div>\n<div class=\"innerleft\"><\/div>\n<div class=\"innerright\"><\/div>\n<div class=\"innertab\"><\/div>\n<div class=\"interface-mjp verdana-mjp\" style=\"height:71px\" id=\"interfaceMI_0\">\n<div class=\"MI-image Himg right-mjp\" id=\"MI_image_0\" style=\"width:auto;height:71px;overflow:hidden\"><\/div>\n<div id=\"T_mp3j_0\" class=\"player-track-title left-mjp norm-mjp plain-mjp childNorm-mjp childPlain-mjp\"><\/div>\n<div class=\"bars_holder\">\n<div class=\"loadMI_mp3j\" id=\"load_mp3j_0\"><\/div>\n<div class=\"poscolMI_mp3j\" id=\"poscol_mp3j_0\"><\/div>\n<div class=\"posbarMI_mp3j\" id=\"posbar_mp3j_0\"><\/div>\n<\/p><\/div>\n<div id=\"P-Time-MI_0\" class=\"jp-play-time\"><\/div>\n<div id=\"T-Time-MI_0\" class=\"jp-total-time\"><\/div>\n<div id=\"statusMI_0\" class=\"statusMI\"><\/div>\n<div class=\"transport-MI\">\n<div class=\"play-mjp\" id=\"playpause_mp3j_0\">Play<\/div>\n<div class=\"stop-mjp\" id=\"stop_mp3j_0\">Stop<\/div>\n<\/div>\n<div class=\"buttons-wrap-mjp\" id=\"buttons-wrap-mjp_0\">\n<div class=\"mp3j-popout-MI\" id=\"lpp_mp3j_0\">pop out<\/div>\n<div id=\"download_mp3j_0\" class=\"dloadmp3-MI\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"mjp-volwrap\">\n<div class=\"MIsliderVolume\" id=\"vol_mp3j_0\"><\/div>\n<div class=\"innerExt1\" id=\"innerExt1_0\"><\/div>\n<div class=\"innerExt2\" id=\"innerExt2_0\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"Ebetween-mjp\" id=\"Ebetween-mjp_0\"><\/div>\n<div class=\"listwrap_mp3j\" id=\"L_mp3j_0\">\n<div class=\"wrapper-mjp\">\n<div class=\"playlist-colour\"><\/div>\n<div class=\"wrapper-mjp\">\n<ul class=\"ul-mjp darken1-mjp verdana-mjp med-mjp childNorm-mjp childPlain-mjp left-mjp\" id=\"UL_mp3j_0\">\n<li><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><\/div>\n<div id=\"mp3j_finfo_0\" class=\"mp3j-finfo\">\n<div class=\"mp3j-finfo-sleeve\">\n<div id=\"mp3j_finfo_gif_0\" class=\"mp3j-finfo-gif\"><\/div>\n<div id=\"mp3j_finfo_txt_0\" class=\"mp3j-finfo-txt\"><\/div>\n<div class=\"mp3j-finfo-close\" id=\"mp3j_finfo_close_0\">X<\/div>\n<\/div>\n<\/div>\n<div id=\"mp3j_dlf_0\" class=\"mp3j-dlframe\"><\/div>\n<div class=\"mp3j-nosolution\" id=\"mp3j_nosolution_0\"><\/div>\n<div class=\"Ebelow-mjp\" id=\"Ebelow-mjp_0\"><\/div>\n<\/p><\/div>\n<p>MP3jPLAYLISTS.MI_0 = [<br \/>\n\t{ name: &#8220;1. 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When it comes to reporting about &#8220;the economy&#8221;\u2014serious, fact-based stuff, not &#8220;human interest&#8221;\u2014we get things like the <a href=\"https:\/\/www.nytimes.com\/2018\/07\/23\/business\/earnings-report-trade-war-wages.html\">piece<\/a> the paper ran in late July, with the lead on how &#8220;analysts expect the strong economy and Trump administration\u2019s tax cuts to lead to another batch of knockout earnings reports.&#8221; One blot on the landscape: &#8220;wage growth.&#8221; &#8220;Rising labor costs can cut into profits, muting the impact of a robust economy,&#8221; the <strong>Times<\/strong> warns, citing a trucking firm where \u201cdriver pay and retention costs\u201d were described as &#8220;outlays that nibbled away at the benefits of higher prices and booming volumes.&#8221;<\/p>\n<p>Like the &#8220;health of the economy&#8221; being somehow severed from the livelihood of most people, there are certain economic ideas and values that corporate media either leave unchallenged or aggressively promote. We explore some of those on this week&#8217;s <strong>CounterSpin<\/strong>.<\/p>\n<p style=\"text-align: center\"><strong>* * *<\/strong><\/p>\n<div id=\"attachment_8927384\" style=\"width: 235px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8927384\" src=\"https:\/\/fair.org\/wp-content\/uploads\/2018\/07\/Waitperson.jpg\" alt=\"Restaurant worker (cc photo: Viewmaster)\" width=\"225\" height=\"150\" \/><\/p>\n<p class=\"wp-caption-text\"><em>(cc photo: Viewmaster)<\/em><\/p>\n<\/div>\n<p>First up, the idea that some people just don&#8217;t deserve to earn a wage\u2014that entire sectors of the workforce can be reliant on the variable noblesse oblige of customers. We talked about the bizarre retention of the tipped wage with author and activist Saru Jayaraman a couple of years ago. We&#8217;ll hear part of that conversation.<\/p>\n<div id=\"wrapperMI_1\" class=\"wrap-mjp  \" style=\"padding:5px 0px 40px 0px;margin:0px;width:100%\">\n<div class=\"Eabove-mjp\" id=\"Eabove-mjp_1\"><\/div>\n<div class=\"subwrap-MI\">\n<div class=\"jp-innerwrap\">\n<div class=\"innerx\"><\/div>\n<div class=\"innerleft\"><\/div>\n<div class=\"innerright\"><\/div>\n<div class=\"innertab\"><\/div>\n<div class=\"interface-mjp verdana-mjp\" style=\"height:71px\" id=\"interfaceMI_1\">\n<div class=\"MI-image Himg right-mjp\" id=\"MI_image_1\" style=\"width:auto;height:71px;overflow:hidden\"><\/div>\n<div id=\"T_mp3j_1\" class=\"player-track-title left-mjp norm-mjp plain-mjp childNorm-mjp childPlain-mjp\"><\/div>\n<div class=\"bars_holder\">\n<div class=\"loadMI_mp3j\" id=\"load_mp3j_1\"><\/div>\n<div class=\"poscolMI_mp3j\" id=\"poscol_mp3j_1\"><\/div>\n<div class=\"posbarMI_mp3j\" id=\"posbar_mp3j_1\"><\/div>\n<\/p><\/div>\n<div id=\"P-Time-MI_1\" class=\"jp-play-time\"><\/div>\n<div id=\"T-Time-MI_1\" class=\"jp-total-time\"><\/div>\n<div id=\"statusMI_1\" class=\"statusMI\"><\/div>\n<div class=\"transport-MI\">\n<div class=\"play-mjp\" id=\"playpause_mp3j_1\">Play<\/div>\n<div class=\"stop-mjp\" id=\"stop_mp3j_1\">Stop<\/div>\n<\/div>\n<div class=\"buttons-wrap-mjp\" id=\"buttons-wrap-mjp_1\">\n<div class=\"mp3j-popout-MI\" id=\"lpp_mp3j_1\">pop out<\/div>\n<div id=\"download_mp3j_1\" class=\"dloadmp3-MI\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"mjp-volwrap\">\n<div class=\"MIsliderVolume\" id=\"vol_mp3j_1\"><\/div>\n<div class=\"innerExt1\" id=\"innerExt1_1\"><\/div>\n<div class=\"innerExt2\" id=\"innerExt2_1\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"Ebetween-mjp\" id=\"Ebetween-mjp_1\"><\/div>\n<div class=\"listwrap_mp3j\" id=\"L_mp3j_1\">\n<div class=\"wrapper-mjp\">\n<div class=\"playlist-colour\"><\/div>\n<div class=\"wrapper-mjp\">\n<ul class=\"ul-mjp darken1-mjp verdana-mjp med-mjp childNorm-mjp childPlain-mjp left-mjp\" id=\"UL_mp3j_1\">\n<li><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><\/div>\n<div id=\"mp3j_finfo_1\" class=\"mp3j-finfo\">\n<div class=\"mp3j-finfo-sleeve\">\n<div id=\"mp3j_finfo_gif_1\" class=\"mp3j-finfo-gif\"><\/div>\n<div id=\"mp3j_finfo_txt_1\" class=\"mp3j-finfo-txt\"><\/div>\n<div class=\"mp3j-finfo-close\" id=\"mp3j_finfo_close_1\">X<\/div>\n<\/div>\n<\/div>\n<div id=\"mp3j_dlf_1\" class=\"mp3j-dlframe\"><\/div>\n<div class=\"mp3j-nosolution\" id=\"mp3j_nosolution_1\"><\/div>\n<div class=\"Ebelow-mjp\" id=\"Ebelow-mjp_1\"><\/div>\n<\/p><\/div>\n<p>MP3jPLAYLISTS.MI_1 = [<br \/>\n\t{ name: &#8220;1. 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We disrupted that vision last year with researcher Dedrick Asante Muhammad, talking about a new report on the racial wealth divide.<\/p>\n<div id=\"wrapperMI_2\" class=\"wrap-mjp  \" style=\"padding:5px 0px 40px 0px;margin:0px;width:100%\">\n<div class=\"Eabove-mjp\" id=\"Eabove-mjp_2\"><\/div>\n<div class=\"subwrap-MI\">\n<div class=\"jp-innerwrap\">\n<div class=\"innerx\"><\/div>\n<div class=\"innerleft\"><\/div>\n<div class=\"innerright\"><\/div>\n<div class=\"innertab\"><\/div>\n<div class=\"interface-mjp verdana-mjp\" style=\"height:71px\" id=\"interfaceMI_2\">\n<div class=\"MI-image Himg right-mjp\" id=\"MI_image_2\" style=\"width:auto;height:71px;overflow:hidden\"><\/div>\n<div id=\"T_mp3j_2\" class=\"player-track-title left-mjp norm-mjp plain-mjp childNorm-mjp childPlain-mjp\"><\/div>\n<div class=\"bars_holder\">\n<div class=\"loadMI_mp3j\" id=\"load_mp3j_2\"><\/div>\n<div class=\"poscolMI_mp3j\" id=\"poscol_mp3j_2\"><\/div>\n<div class=\"posbarMI_mp3j\" id=\"posbar_mp3j_2\"><\/div>\n<\/p><\/div>\n<div id=\"P-Time-MI_2\" class=\"jp-play-time\"><\/div>\n<div id=\"T-Time-MI_2\" class=\"jp-total-time\"><\/div>\n<div id=\"statusMI_2\" class=\"statusMI\"><\/div>\n<div class=\"transport-MI\">\n<div class=\"play-mjp\" id=\"playpause_mp3j_2\">Play<\/div>\n<div class=\"stop-mjp\" id=\"stop_mp3j_2\">Stop<\/div>\n<\/div>\n<div class=\"buttons-wrap-mjp\" id=\"buttons-wrap-mjp_2\">\n<div class=\"mp3j-popout-MI\" id=\"lpp_mp3j_2\">pop out<\/div>\n<div id=\"download_mp3j_2\" class=\"dloadmp3-MI\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"mjp-volwrap\">\n<div class=\"MIsliderVolume\" id=\"vol_mp3j_2\"><\/div>\n<div class=\"innerExt1\" id=\"innerExt1_2\"><\/div>\n<div class=\"innerExt2\" id=\"innerExt2_2\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"Ebetween-mjp\" id=\"Ebetween-mjp_2\"><\/div>\n<div class=\"listwrap_mp3j\" id=\"L_mp3j_2\">\n<div class=\"wrapper-mjp\">\n<div class=\"playlist-colour\"><\/div>\n<div class=\"wrapper-mjp\">\n<ul class=\"ul-mjp darken1-mjp verdana-mjp med-mjp childNorm-mjp childPlain-mjp left-mjp\" id=\"UL_mp3j_2\">\n<li><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><\/div>\n<div id=\"mp3j_finfo_2\" class=\"mp3j-finfo\">\n<div class=\"mp3j-finfo-sleeve\">\n<div id=\"mp3j_finfo_gif_2\" class=\"mp3j-finfo-gif\"><\/div>\n<div id=\"mp3j_finfo_txt_2\" class=\"mp3j-finfo-txt\"><\/div>\n<div class=\"mp3j-finfo-close\" id=\"mp3j_finfo_close_2\">X<\/div>\n<\/div>\n<\/div>\n<div id=\"mp3j_dlf_2\" class=\"mp3j-dlframe\"><\/div>\n<div class=\"mp3j-nosolution\" id=\"mp3j_nosolution_2\"><\/div>\n<div class=\"Ebelow-mjp\" id=\"Ebelow-mjp_2\"><\/div>\n<\/p><\/div>\n<p>MP3jPLAYLISTS.MI_2 = [<br \/>\n\t{ name: &#8220;1. 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