Japan shows a different standard. Jerremy Alexander Newsome and Dave Conley discuss his trip to Tokyo where he saw zero homeless people, fewer than five overweight individuals, spotless streets, and cheap food. They link it to cultural pride – Japanese people are “too proud to be homeless” – and contrast with Las Vegas. Then they turn to Iran: the U.S. and Israel aren't controlling escalation as Iran runs an economic war markets may be underpricing. With oil near $100 feeding inflation via gas and diesel, they review the S&P 500 peak at 7002 and 7% drop, Dave's call for more downside then a bottom, and a best-case peace scenario sparking asset-bubble growth.

Timestamps:

1. (05:02) Jerremy saw zero homeless in Tokyo's 40 million – clean streets, unusually cheap food, and fewer than five overweight people observed
2. (06:58) Japanese are too proud to be homeless – top-down integrity creates pristine cities unlike littered Las Vegas
3. (17:41) Iran wages economic war through oil – U.S. and Israel lack escalation control as markets underprice the threat
4. (22:57) S&P 500 peaked near 7002 then dropped 7% – Dave predicts further downside before sidelined money returns for a bottom
5. (26:18) Oil near $100 drives gas and diesel inflation – real economic pain from Iran's strategy
6. (28:40) Best-case peace unlocks more supply – possibly Russia creating asset-bubble surge despite sticky inflation
7. (31:21) Trump posts swing markets wildly – political risks and escalation forecast remain high

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Go to school, get a degree, get a job, build a life — that contract expired and nobody sent the memo. Jerremy Alexander Newsome and Dave Conley trace the wreckage: a 16-year-old who can't get hired at Wendy's, a retirement vehicle that was really just a tax code loophole, and an AI wave aimed squarely at people who thought sitting behind a laptop meant safety. The World Economic Forum says 78 million net jobs by 2030. Jerremy and Dave aren't buying it. America needs a new deal. Nobody's writing it.

Timestamps:

1. (00:00) The deal was school → degree → job → life — it's already dead – and no one sent the memo
2. (01:56) College is vanilla ice cream – fine, not worth the price, and definitely not the only flavor
3. (03:34) "Send everyone to trades" is the new "learn to code" – sounds great until you pressure-test it
4. (06:17) Dave's buddy builds pinball machines and laughs at AI – people who move atoms, not electrons, sleep fine
5. (14:33) Jerremy's 16-year-old can't get hired at Wendy's – if entry-level is closed, where does the pipeline start
6. (16:39) Dave had 200 credit hours and zero degrees – a buddy called him qualified for "stupid" and that became AOL
7. (22:42) Every party starts with "what do you do?" – Americans live to work while Europe works to live
8. (27:05) No one talks about their job on their deathbed – legacy beats title every single time
9. (28:17) AI won't create an economic crisis — it'll create an identity crisis – the laptop class gets hit first
10. (44:31) 81% of workers fear losing their job in 2025 – the Great Stay is really the Great Trap
11. (49:59) The average 401k is $97,369 – a tax loophole dressed as retirement that was never meant for you
12. (58:22) $145M in apprenticeship funding got zeroed out – the headlines land but the money doesn't
13. (1:13:05) America is entering 2030 without a replacement deal – and nobody's writing one

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The Department of Labor had $145 million earmarked for apprenticeships in shipbuilding, semiconductors, and healthcare. Then it got zeroed out. Jerremy Alexander Newsome and Dave Conley close the Work In Progress opener by pulling apart the distance between what Washington announces and what actually lands. Workforce training budgets are shrinking. Skilled trades can't find workers. Immigration enforcement cut the pipeline further. Meanwhile, every country doing this well — Denmark, Germany, Singapore, Japan — shares costs across government, employers, and individuals. America's version? Figure it out yourself. The old contract is dead. AI is the accelerant. No one's writing the replacement.

Timestamps:

1. (00:19) $145M for apprenticeships — zeroed out before a single worker got trained – headlines land but funding doesn't
2. (00:19) Workforce training authority dropped from $3.9B to $3B – the budget is shrinking while the need is exploding
3. (00:19) Pell Grants for eight-week programs start July 2026 – sounds great until you ask who's paying for it
4. (15:02) AI didn't break the contract — it expired on its own – school, degree, job, house stopped delivering years ago
5. (15:02) Denmark shares the risk three ways — America dumps it on the worker – that's the one structural difference no one wants to adopt

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