Breaking down Robinhood, $GME, displaced workers and middle class revolt

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Today we spoke with Geff Tudisco https://www.twitter.com/geofftudisco we cover:

GME

What caused it all to unfold?

Did Robinhood react maliciously?

What will the ripple effect be?

Employment

Today, CoStar reported that Kroger currently employs 19,000 workers in AZ through Fry’s, Smith’s and three manufacturing and distribution centers, and that they plan to build a new $89m warehouse in SW PHX that uses robots w/ AI to fulfill online orders. “Automated fulfillment centers can help grocers increase productivity and lower costs, and now, can also help with social distancing by reducing the amount of human workers who could be susceptible to catching or transmitting the virus."

What is to be done about the displaced workers?

There is a labor shortage in trade skills, and an oversupply of liberal arts degrees

What are the consequences of a sustained large population of unemployed, able-bodied, working age males

An aging population

the senior middle market is vastly undeserved

Migratory patterns

Walkable suburban town center developments

Labor shortages, but it is a difficult job

Opportunities:

Rejuvenate the Black Belt and the Rust Belt through an infrastructure upgrade and economic incentives

Create (mandatory?) civic service programs that get city dwellers to national parks to rebuild infrastructure

Provide investor education to help consumers avoid committing financial suicide

Develop a national wellness program that rewards citizens for maintaining good nutrition, fitness standards and mental health to reduce long-term health care costs and have quality of life until the very end