Are millennials being given a financial raw deal by their parents' generation? And who do the Baby Boomers expect to pay for their retirement?Manuela Saragosa looks at the intergenerational contract - the promise that the younger generation will see an improvement in their living standards, in return for which they will care for the older generation in their old age. But is the contract broken?Many of those born in the developed world in the 1980s and 1990s face inflated housing costs and student fees, stagnant wages and insecure jobs, and little prospect of saving for their retirement. Manuela speaks to one such Millennial - BBC colleague Faarea Masud, whose own podcast series About The Money! charts the precarious financial state of her generation.Plus Laura Gardiner of think tank The Resolution Foundation explains how the different generations need to work together to manage the demographic challenge of an ageing population, rather than get mired in the "OK Boomer" culture war that has broken out on social media.Producers: Laurence Knight, Sarah Treanor(Picture: Close-up of irritated Millennial man with Boomer father looking on; Credit: SDI Productions/Getty Images)
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Folge vom 09.01.2020OK Boomer...
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Folge vom 08.01.2020North Korea: Suffering under sanctions?How does North Korea raise foreign currency, and are the toughest economic sanctions in the world actually having any effect?Ed Butler looks at one of the country's major sources of income - migrant workers. According to Artyom Lukin, professor of international relations at Russia's Far Eastern Federal University, the workers who used to frequent his hometown of Vladivostok have been shooed away by the Russian authorities.But analyst Lee Sang Hyun of South Korea's Sejong Institute is sceptical that the Chinese are clamping down heavily on Pyongyang, while Ian Bremmer of US think tank the Eurasia Group says the American government has little to show for the pressure it has been applying.(Picture: North Korean leader Kim Jong-Un; Credit: Mikhail Svetlov/Getty Images)
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Folge vom 07.01.2020Uber and Lyft vs CaliforniaA battle is looming over the future of the gig economy. A law classifying Uber and Lyft drivers as employees came into force in California on 1 January, but the ridesharing giants say their drivers are independent contractors, and proposed their own laws. Ed Butler speaks to Edan Alva, a Lyft driver in San Francisco and a member of the advocacy group Gig Workers Rising, and to Stacey Wells, spokesperson for the Coalition to Protect App-Based Drivers & Services – the group sponsored by Uber and Lyft to push alternative legislation in California. And Ken Jacobs, chair of the UC Berkeley Labor Center, tells us what this means for the broader gig economy.(Photo: Lyft and Uber pickup point in Los Angeles, California. Credit: Getty Images)
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Folge vom 06.01.2020The US and China in 2020How the battle of the superpowers might unfold this year. Ed Butler speaks to Ian Bremmer, president and founder of the Eurasia Group, Linda Yueh, economist and author of The Great Economists, and Ngaire Woods, professor of global economic governance at the University of Oxford, and founding chair of the Blavatnik School of Government.(Photo: Chess pieces representing the US and China. Credit: Getty Images)