Mayor Bloomberg warns of panic in the streets if companies don’t start hiring

New York Mayor Michael Bloomberg
Getty images

America’s growing income inequality has gone mostly uncommented-upon by our country’s political leaders, overshadowed by the nearly simultaneous decision of every politician in the country that deficits were our first and only problem. But now one politician is speaking up about the negative consequences of having huge segments of the population hanging around with no real stake in the economy — and, surprise surprise, it’s the richest one of all.

New York Mayor Michael Bloomberg took to his radio show today to warn listeners that America could be headed down the path of Egypt if we don’t get our act together. From the Daily News:

“We have a lot of kids graduating college, can’t find jobs,” Bloomberg said on his weekly WOR radio show.

“That’s what happened in Cairo. That’s what happened in Madrid. You don’t want those kinds of riots here.”

…”The damage to a generation that can’t find jobs will go on for many, many years,” the normally-measured mayor said.

The whole thing is a little bit fear-monger-y, but credit Bloomberg for speaking up about an issue most politicians wouldn’t dare touch. Now, as the 30th-richest man in the world, Bloomberg probably could probably actually do something about this problem, but let’s not judge him too harshly. We’ve got to walk before we can run.

Video of Bloomberg’s speech is below:

(Sorry. It’s Friday.)



News
Entertainment
Sports
Lifestyle
National

US military tried, but failed to rescue journalist…

The U.S. military earlier this year tried to rescue journalist James Foley and other American hostages held in Syria ,but failed to find the captives.

National

Fate of captured beluga whales in hands of…

A Georgia aquarium went to court on Wednesday seeking federal permission to bring 18 captured beluga whales to the United States from Russia.

Local

After Eric Garner death, religious leaders meet to…

Interfaith leaders convened with city officials to discuss what the community can do to help dial down heightened tensions after Eric Garner's death.

Local

'Suspicious' Hamilton Heights fire caused by power strip:…

An extension cord overload caused the deadly fire in Hamilton Heights late Monday that killed a 15-year-old girl and injured at least 12 others.

Television

'Doctor Who' personality profile: the 4 Doctors

When the time comes for a new Doctor, there's always some anxiety over the big question: Who will he be? The series owes its longevity…

Television

Billy Crystal to commemorate late actor Robin Williams…

  Comedian Billy Crystal will pay tribute to late actor Robin Williams at television's Primetime Emmy Awards on Aug. 25, the show's organizers said on…

Going Out

Things to do this week in NYC, Aug.…

GAMES Hudson Common Open Aug. 21, 7 p.m. Hudson Common 356 W. 58 St. Free, www.hudsoncommonnyc.com The U.S. Open begins on Monday, but most of…

Movies

Review: Sadly, Matthew Weiner's 'Are You Here' is…

"Mad Men" creator Matthew Weiner tries his hand at movies with "Are You Here," a misjudged Owen Wilson-Zach Galifianakis comedy that turns into a drama.

NFL

2014 Fantasy Football: Rankings, list of top NFL…

2014 Fantasy Football: Rankings, list of top NFL defense (DEF)

NFL

2014 Fantasy Football: Rankings, list of top NFL…

2014 Fantasy Football: Rankings, list of top NFL quarterbacks (QB)

MLB

Shane Greene travels unlikely road to Yankees stardom

Shane Greene was throwing a bullpen session on a quiet field at Daytona Beach Community College one day when the ball started moving.

NFL

2014 Fantasy Football: Rankings, list of top NFL…

2014 Fantasy Football: Rankings, list of top NFL tight ends (TE)

Sex

Online dating for every generation

Frank Jackson and his mother Maggie are like lots of modern families: They have dinner together regularly, keep each other updated on their lives —…

Wellbeing

Going green could be the key to getting…

If we could just pursue the things that would actually make us happy, we could help the environment too, according to a New York researcher.…

Wellbeing

Metabolic syndrome could have a sugar link

Scientists in St. Louis may have found another culprit in metabolic syndrome, which can lead to heart disease and type 2 diabetes.  Uric acid is…

Wellbeing

Another way stress hurts your unborn baby

Mothers know to try staying calm during pregnancy, as stress has been linked to behavioral and developmental problems for their babies. But now, a new…