Episode 1307 • • 2:21:32 - 2:25:01
1307: de-googling
Bethlehem Steel Pension Cuts and EPA Senior Grantees
A 67-year-old retired chemist shared his story of having his Bethlehem Steel pension cut in half after the company went through Chapter 11 and was liquidated. He now works as a grantee for the EPA, where senior professionals are paid $12 an hour to perform the work of regular employees. The hosts warned this is a precursor to a wider pension crisis in the U.S. economy.