Marketplace for Friday May 2, 2014
OK, so the top line on the jobs number looks pretty good, but it’s clear that for the most part, wages are stagnant. And wage growth is an important part of the economic growth equation. Sabri Ben-Achour reports on why wages are still flat, and what it will take to get them a-risin’. Plus, Spidey hits the big screen today, and, there is lots riding on the $250 million investment by Sony. We’re gonna get beyond the Hollywood-is-all-about-tentpoles angle and look at the degree to which movies have become companies unto themselves, and what’s at stake if they botch it. In Sony’s case, a hedge-fund predator at the door, for starters. Also, this week Georgia governor Nathan Deal signed a bill into law that allows drug testing of welfare applicants by state employees. The idea is to save the state money by revoking assistance to those who test positive. Georgia isn’t the first state to do this. How has it worked elsewhere?