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Pitchfork Economics with Nick Hanauer

Pitchfork Economics with Nick Hanauer

Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state?or both. Join venture capitalist Nick Hanauer and some of the world?s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don?t do something about rising inequality, the pitchforks are coming.

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Ending the tipped minimum wage (with Saru Jayaraman)

In most states, tipped workers are not subject to the minimum wage. Why? Because it?s legal to pay tipped workers a subminimum wage as low as the federal minimum of $2.13 per hour. As long as any worker in the country can be paid less than the minimum wage, the minimum wage is meaningless. Saru Jayaraman, a leader in the national fight for one fair wage, lays out the path forward.  Saru Jayaraman is the President of One Fair Wage, an organization that fights to raise wages and working conditions for all tipped and service workers She is also the Director of the UC Berkeley Food Labor Research Center and the author of One Fair Wage: Ending Subminimum Pay in America.  Twitter: @SaruJayaraman New Year to bring higher minimum wages in record number of states and cities: https://www.cbsnews.com/news/higher-minimum-wages-2022-in-record-number-of-states/?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiospm&stream=top  Arkansas waitress fired after $4,400 tip shows why tipping at restaurants has to stop: https://www.nbcnews.com/think/opinion/arkansas-waitress-fired-after-4-400-tip-shows-why-tipping-ncna1286076  When the minimum wage isn?t enough: https://commonwealthmagazine.org/economy/when-the-minimum-wage-isnt-enough/  Seven facts about tipped workers and the tipped minimum wage: https://www.epi.org/blog/seven-facts-about-tipped-workers-and-the-tipped-minimum-wage/    Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2022-01-18
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Did the Federal Reserve?s policies make inequality worse? (with Christopher Leonard)

When the Federal Reserve makes money, where does it go? Turns out, the Fed?s hands are tied?it can?t do anything other than assume that the new money will trickle down into the hands of ordinary Americans through Wall Street?s coffers. And according to journalist Christopher Leonard, that?s put the United States? economic stability at risk and accelerated income inequality.  Christopher Leonard is a business reporter and executive director of the Watchdog Writers Group at the University of Missouri School of Journalism. He is the author of Kochland: The Secret History of the Koch Industries and Corporate Power in America. His new book is The Lords of Easy Money: How the Federal Reserve Broke the American Economy.  Twitter: @CLeonardNews The Lords of Easy Money: https://bookshop.org/books/the-lords-of-easy-money-how-the-federal-reserve-broke-the-american-economy/9781982166632  How Nov. 2, 2010 Made the Rich So Much Richer: https://time.com/6112931/federal-reserve-wealth-inequality-recession/  The Fed?s Doomsday Prophet Has a Dire Warning About Where We?re Headed: https://www.politico.com/news/magazine/2021/12/28/inflation-interest-rates-thomas-hoenig-federal-reserve-526177  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2022-01-11
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How the radical right weaponized ideology (with Nancy MacLean)

If it seems to you like the ultimate goal of the most extreme conservatives is to undermine democracy and cripple democratic institutions?well, according to historian Nancy MacLean, you?re right. This week, MacLean unpacks the meteoric rise in popularity of the radical right?s ideas, and offers a way forward for progressives, based on lessons from successful social movements throughout American history. This episode was originally released in July 2020. Nancy MacLean is an award-winning scholar of the twentieth-century U.S. and the William H. Chafe Distinguished Professor of History and Public Policy at Duke University. Her book, Democracy in Chains: The Deep History of the Radical Right?s Stealth Plan for America, was a New York Times bestseller and finalist for the National Book Award, and The Nation magazine named it the ?Most Valuable Book? of the year. Twitter: @NancyMacLean5 Democracy in Chains: https://www.indiebound.org/book/9781101980965 Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2022-01-04
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How opportunity zones create windfalls for the uber-rich (with David Wessel)

The 2017 Tax Cuts & Jobs Act included a little-known provision establishing something called opportunity zones. The plan, which was lauded as a way to direct investments into under-developed communities in the U.S., created 8,764 tax havens that were almost immediately exploited by the wealthy to gobble up capital gains tax breaks. Pulitzer Prize-winning journalist David Wessel explains how opportunity zones came to be, who is profiting off of them, and why it?s so difficult to tweak the tax code without creating windfalls for the rich.  David Wessel is a senior fellow in Economic Studies at Brookings and director of the Hutchins Center on Fiscal and Monetary Policy. He is the author of two New York Times bestsellers: ?In Fed We Trust: Ben Bernanke?s War on the Great Panic? (2009)  and ?Red Ink: Inside the High Stakes Politics of the Federal Budget? (2012). His most recent book is ?Only the Rich Can Play: How Washington Works in the New Gilded Age? (2021). He has shared two Pulitzer Prizes, one in 1984 for a Boston Globe series on the persistence of racism in Boston and the other in 2003 for Wall Street Journal stories on corporate scandals. Twitter: @davidmwessel The Rich Have Found Another Way to Pay Less Tax: https://www.nytimes.com/2021/10/10/opinion/opportunity-zones-tax-loopholes.html?referringSource=articleShare Only the Rich Can Play: https://bookshop.org/books/only-the-rich-can-play-how-washington-works-in-the-new-gilded-age/9781541757196 Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-12-28
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Are you in the 9.9 percent? (with Matthew Stewart)

In the U.S., inequality is often framed as the 99% versus the wealthiest 1%. But that?s not quite the right matchup. While the bottom 90% has done dramatically worse over the last several decades and the top 0.1% has done dramatically better, the 9.9% in between those groups still controls more than half of the wealth in the United States. Author and philosopher Matthew Stewart thinks that the 9.9% are not innocent bystanders, and he joins Nick and Goldy to discuss how this group is entrenching inequality and warping our culture.  Matthew Stewart is an author and philosopher. He is the author, among other books, of Nature?s God and The 9.9 Percent.  The 9.9 Percent: https://bookshop.org/books/the-9-9-percent-the-new-aristocracy-that-is-entrenching-inequality-and-warping-our-culture/9781982114183  The 9.9 percent is the new American aristocracy: https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/  Who are the 9.9% A closer look at the math of American inequality: https://lithub.com/who-are-the-9-9-percent-a-closer-look-at-the-math-of-american-inequality/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-12-21
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Moving beyond racial liberalism (with Kyle Strickland)

How can we center the role of race in our economic policy and in our politics in a way that will drive real change? Kyle Strickland, the deputy director of race and democracy at the Roosevelt Institute, explains how our leaders have fallen under the sway of racial liberalism, which focuses solely on disavowing personal bigotry and overt discrimination. In order to realize true racial and economic justice, he argues we should move beyond racial liberalism and toward a greater understanding of the systemic injustices built into our political and economic systems. Kyle Strickland is the Deputy Director of Race and Democracy at the Roosevelt Institute. He is also the Senior Legal Analyst at the Kirwan Institute for the Study of Race & Ethnicity and the Director of My Brother?s Keeper Ohio.  Twitter: @kstrickland_ A New Paradigm for Justice and Democracy: https://rooseveltinstitute.org/wp-content/uploads/2021/11/RI_A-New-Paradigm-for-Justice-and-Democracy_Report_202111-1.pdf  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-12-14
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The hidden costs of banking while poor (with Mehrsa Baradaran and Cate Blackford)

The average family earning $25,000 a year in the U.S. spends about $2,400 on financial transactions. Whether it?s the astronomical interest rates of a payday loan or the costs that come with being unbanked, the extractive practices of the financial services industry are effectively keeping the poor in poverty. Lawyer and author Mehrsa Baradaran and economic mobility expert Cate Blackford join Nick and Steph this week to explain why banking while poor is so expensive, and what states can do to rein in the people who profit from it. This episode was originally released in February 2020. Mehrsa Baradaran is a professor of law at UC Irvine. She writes about banking law, financial inclusion, inequality, and the racial wealth gap. Her scholarship includes the books How the Other Half Banks and The Color of Money: Black Banks and the Racial Wealth Gap.  Twitter: @MehrsaBaradaran Cate Blackford was the Director of Outreach and Donor Development at the Bell Policy Center when we recorded this episode, but she is now the Public Policy Director at Maine People?s Alliance. She was the Co-Chair of the 2018 Proposition 111 campaign in CO to limit the interest lenders could charge on payday loans and eliminate fees from payday lending products, which passed with 75% of the vote.  Twitter: @catetiller  Further reading:  Capitol One to end overdraft penalties as CFPB takes aim at ?exploitative junk fees?: https://www.washingtonpost.com/business/2021/12/01/capital-one-overdraft-fees/  How the Other Half Banks: https://www.hup.harvard.edu/catalog.php?isbn=9780674983960 The Color of Money: https://www.hup.harvard.edu/catalog.php?isbn=9780674237476 If the U.S. Government Treated Poor People as Well as It Treats Banks: https://www.theatlantic.com/business/archive/2015/10/if-the-us-government-treated-poor-people-as-well-as-it-treats-banks/410614/ CO?s Prop 111 explained: https://coloradosun.com/2018/10/22/proposition-111-colorado-2018-explained/ Briefed by the Bell - Predatory Economy: https://www.bellpolicy.org/2018/09/10/predatory-economy/ How Do Payday Loans Work? https://www.incharge.org/debt-relief/how-payday-loans-work/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-12-07
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Make the clean stuff cheap (with Eric Beinhocker & Doyne Farmer)

Until very recently, the prevailing wisdom cautioned that transitioning to a clean energy economy would be extremely expensive, and therefore only possible if undertaken slowly. New research upends that thinking?when it comes to going green, the faster we go, the cheaper it will be. University of Oxford professors Eric Beinhocker and Doyne Farmer talk with Nick about a new strategy for clean technology that could transform the climate fight.  Eric Beinhocker is a Professor of Public Policy Practice at the Blavatnik School of Government and the Executive Director of the Institute for New Economic Thinking at the University of Oxford?s Martin School. He is also a Supernumerary Fellow in Economics at Oriel College, and External Professor at the Santa Fe Institute.  Twitter: @EricBeinhocker Doyne Farmer is Director of the Complexity Economics program at the Institute for New Economic Thinking. He is Baillie Gifford Professor in the Mathematical Institute at the University of Oxford and an External Professor at the Santa Fe Institute.  Website: http://www.doynefarmer.com/ Going big and fast on renewables could save trillions in energy costs: https://www.washingtonpost.com/business/energy/going-big-and-fast-on-renewables-would-save-trillions-in-energy-costs/ A new strategy for climate: make the clean stuff cheap - https://democracyjournal.org/arguments/a-new-strategy-for-climate-make-the-clean-stuff-cheap/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-11-30
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Why can?t we talk about homelessness? (with Josephine Ensign)

The number of unhoused Americans is at a historically high rate right now. This podcast is produced in Seattle, a city with the third highest homeless population in the U.S. Though many Seattleites identify as progressive, we can?t reach a consensus on how to help our most vulnerable populations?or even find agreement on the root causes of the housing crisis. Why are perspectives on homelessness, and possible solutions to it, so polarized? Josephine Ensign, a University of Washington nurse and health care provider for people experiencing homelessness, shares some of her insights from her career on the frontlines of this crisis.  Josephine Ensign is a professor in the School of Nursing and an adjunct professor in the Department of Gender, Women & Sexuality Studies at the University of Washington. Her most recent book is Skid Road: On the Frontier of Health and Homelessness in an American City.  Twitter: @josephineensign Skid Road: https://bookshop.org/books/skid-road-on-the-frontier-of-health-and-homelessness-in-an-american-city/9781421440132  Homelessness Rises Faster Where Rent Exceeds a Third of Income: https://www.zillow.com/research/homelessness-rent-affordability-22247/ WA Department of Commerce: http://www.commerce.wa.gov/wp-content/uploads/2017/01/hau-why-homelessness-increase-2017.pdf  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-11-23
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How taxpayers subsidize corporate profits (with Rana Foroohar and David Dayen)

Every company you can think of has benefitted from a public investment. Whether it?s direct handouts through the tax code, government research efforts, or employee reliance on programs like EITC or TANF, taxpayers are subsidizing wildly profitable companies. David Dayen, the executive editor of The American Prospect, and Financial Times associate editor Rana Foroohar join Nick and Zach to explain how we let corporate parasites get so out of control?and what we can do about it. This episode was originally recorded and released in January 2020.  Rana Foroohar is Global Business Columnist and an Associate Editor at the Financial Times. She is also CNN?s global economic analyst. She is the author of Makers and Takers: The Rise of Finance and the Fall of American Business and Don?t Be Evil: How Big Tech Betrayed Its Founding Principles and All of Us. Twitter: @RanaForoohar David Dayen is the executive editor of The American Prospect. He is the author of Monopolized: Life in the Age of Corporate Power and Chain of Title: How Three Ordinary Americans Uncovered Wall Street?s Great Foreclosure Fraud.  Twitter: @ddayen Confronting the parasite economy: https://prospect.org/labor/confronting-parasite-economy/ Makers and Takers: https://www.ranaforoohar.com/makersandtakers How to Cure Corporate America?s Selfishness: https://newrepublic.com/article/150695/cure-corporate-americas-selfishness Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-11-16
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How the tax system impoverishes Black Americans (with Dorothy A. Brown)

We know that the tax system is set up to advantage people with money. And we know that in the U.S., people with money are disproportionately white. But what many people don?t realize is that the tax system actively advantages white families. Tax law professor Dorothy Brown explains how racial inequality is baked into tax policy in non-obvious ways, and how that affects wealth-building.  Dorothy A. Brown is professor of law at Emory University School of Law. She is a nationally recognized scholar in tax policy, race, and class and has published extensively on the racial implications of federal tax policy. She is the author of The Whiteness of Wealth: How the Tax System Impoverishes Black Americans ? And How We Can Fix It.  Twitter: @DorothyABrown The Whiteness of Wealth: https://bookshop.org/books/the-whiteness-of-wealth-how-the-tax-system-impoverishes-black-americans-and-how-we-can-fix-it/9780525577324  Black families pay significantly higher property taxes than white families, new analysis shows: https://www.washingtonpost.com/business/2020/07/02/black-property-tax/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-11-09
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The free market economics of synthetic opioids (with Sam Quinones)

The opioid crisis in the United States is a textbook example of free market economics. The powerful lie, manipulate, and skirt regulations to make buckets of money, while innocent people suffer. Journalist Sam Quinones joins Goldy and Paul to unpack the economics behind the opioid crisis, and the new threat of synthetic opioids like fentanyl. Sam Quinones is a journalist best known for his reporting in Mexico and on Mexicans in the United States. He is the author of the award-winning Dreamland: The True Tale of America?s Opiate Epidemic. His new book, The Least of Us: True Tales of America and Hope in the Time of Fentanyl and Meth, is out today. Twitter: @samquinones7 The Least of Us: https://bookshop.org/books/the-least-of-us-true-tales-of-america-and-hope-in-the-time-of-fentanyl-and-meth/9781635574357 What did the Sacklers know? https://newrepublic.com/article/162148/sacklers-know-patrick-radden-keefe-purdue-opioid-crisis-review  The 'Secret History' Of The Sackler Family & The Opioid Crisis: https://www.npr.org/2021/04/14/987195464/the-secret-history-of-the-sackler-family-the-opioid-crisis  State-Level Economic Costs of Opioid Use Disorder and Fatal Opioid Overdose: https://www.cdc.gov/mmwr/volumes/70/wr/mm7015a1.htm  Massive Costs of the US Opioid Epidemic in Lives and Dollars: https://jamanetwork.com/journals/jama/article-abstract/2780313  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-11-02
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How to stand up for voting rights (with Andrea Hailey)

Behind every aspect of the voting system that makes it harder to vote, there?s a policy that made it that way. Andrea Hailey, the CEO of Vote.org, joins Nick and Goldy to explain how voter suppression happens, and what reforms would help ensure a truly inclusive democracy. Andrea Hailey is the CEO of Vote.org, the nation?s largest nonpartisan digital voter engagement organization.  Twitter: @AndreaEHailey Vote.org: https://www.vote.org/    Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-10-26
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Thanks to unemployment insurance, poverty declined last year (with Amy Goldstein and Elliott Morris)

It?s been a little over a month since the unemployment benefits programs that were established by the CARES Act expired, so we?re taking a look at how well they worked. Washington Post writer Amy Goldstein and Elliott Morris, a data journalist at The Economist, deliver the facts to Jessyn and Paul.  Amy Goldstein is a staff writer at The Washington Post, where much of her work has focused on social policy. She is the author of Janesville: An American Story.  Twitter: @goldsteinamy Elliott Morris is a data journalist at The Economist.  Twitter: @gelliottmorris Further reading: Poverty fell overall in 2020 as result of massive stimulus checks and unemployment aid, Census Bureau says: https://www.washingtonpost.com/business/2021/09/14/us-census-poverty-health-insurance-2020/  Welfare rolls decline during the pandemic despite economic upheaval: https://www.washingtonpost.com/health/2021/08/01/welfare-roles-during-the-pandemic/ Why now is the time to fix the UI system: https://www.epi.org/publication/introduction-why-now-is-the-time-to-fix-the-ui-system/  The racial disparity in unemployment benefits: https://www.rand.org/blog/2020/07/the-racial-disparity-in-unemployment-benefits.html  Unpacking Inequities in Unemployment Insurance: https://www.newamerica.org/pit/reports/unpacking-inequities-unemployment-insurance/introduction/  Ending pandemic unemployment aid has not yielded extra jobs?yet: https://www.economist.com/finance-and-economics/2021/08/28/ending-pandemic-unemployment-aid-has-not-yielded-extra-jobs-yet   Janesville: An American Story: https://bookshop.org/books/janesville-an-american-story-9781508283966/9781501102264  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-10-19
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How corporate concentration hurts the economy (with Stacy Mitchell)

Anti-monopoly and pro-local advocate Stacy Mitchell joins the show to talk about small business, big business, and decentralizing economic power.  Stacy Mitchell is the co-director of the Institute for Local Self-Reliance. She directs ILSR?s Independent Business Initiative, which produces research and analysis and partners with a broad range of allies to design and implement policies to reverse corporate concentration and strengthen local enterprise.  Twitter: @stacyfmitchell Further reading:  Small Business Rising: https://www.smallbusinessrising.net/ Institute for Local Self-Reliance: https://ilsr.org/  Senate Testimony: Concentration is at the Root of Rural Distress: https://ilsr.org/stacy-mitchells-senate-testimony-on-state-of-rural-economy/  As Amazon rises, so does the opposition: https://www.nytimes.com/2020/04/18/technology/athena-mitchell-amazon.html  Why the left should ally with small business: https://www.thenation.com/article/society/democrats-labor-business-monopoly/  Report: Amazon?s stranglehold: How the company?s tightening grip on the economy is stifling competition, eroding jobs, and threatening communities: https://ilsr.org/amazon-stranglehold/  Don?t let Amazon get any bigger: https://www.nytimes.com/2020/10/08/opinion/amazon-antitrust.html  Amazon doesn?t just want to dominate the market - it wants to become the market: https://www.thenation.com/article/archive/amazon-doesnt-just-want-to-dominate-the-market-it-wants-to-become-the-market/  The rise and fall of the word ?monopoly? in American life: https://www.theatlantic.com/business/archive/2017/06/word-monopoly-antitrust/530169/  Big box swindle: https://stacymitchell.com/front-page/  Voters want to curb the influence of big tech companies: https://www.wsj.com/articles/voters-want-to-curb-the-influence-of-big-tech-companies-new-poll-shows-11632405601    Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-10-12
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Why philanthropy isn?t the answer (with Anand Giridharadas)

Few books have shaken the philanthropy world more than ?Winners Take All?, Anand Giridharadas?s blistering critique of wealthy do-gooders. Global elites who ostentatiously give away hundreds of millions of dollars, he argues, are actually just preserving the status quo that grants them power in the first place. On this episode, originally recorded and released in October 2019, Anand joins Nick and Goldy to explain how do-gooding can perpetuate inequality.  Anand Giridharadas is a writer. His most recent book, ?Winners Take All: The Elite Charade of Changing the World,? is a national bestseller. He is an editor-at-large for TIME, an on-air political analyst for MSNBC, and a visiting scholar at the Arthur L. Carter Journalism Institute at New York University.  Twitter: @AnandWrites Further reading:  Winners Take All: https://www.penguinrandomhouse.com/books/539747/winners-take-all-by-anand-giridharadas/9780451493248 Beware Rich People Who Say They Want to Change the World: https://www.nytimes.com/2018/08/24/opinion/sunday/wealth-philanthropy-fake-change.html   Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-10-05
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Redefining skill (with Nichola Lowe)

Who are the winners and losers in our skill development system? How can we move the onus of skill further into the purview of employers and away from our education system? UNC Professor Nichola Lowe talks to Goldy about the future of ?skill? as we know it in the economy, and what?s at stake if we get it wrong.  Nichola Lowe is a professor in City and Regional Planning at UNC-Chapel Hill. Her work focuses on the institutional arrangements that lead to more inclusive forms of urban and regional economic development.  Twitter: @lowe_nichola Putting Skill to Work: How to Create Good Jobs in Uncertain Times: https://mitpress.mit.edu/books/putting-skill-work   Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-10-01
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Capitalism is working better in Finland (with Anu Partanen and Trevor Corson)

Contrary to popular belief, Nordic countries aren?t actually socialist! No, friends, the Nords are capitalists?but they pull it off much better than we do. To help re-imagine American capitalism, writers Anu Partanen and Trevor Corson join us this week all the way from Finland. This episode was originally recorded and posted in February 2020. Anu Partanen is a journalist and the author of The Nordic Theory of Everything. The book debunks some of the most common myths about Nordic societies and discusses what the United States might be able to borrow from aspects of Nordic success in the twenty-first century. She has written for The New York Times and The Atlantic. Twitter: @anupartanen Trevor Corson is an award-winning author and editor. His articles and essays have appeared in The New York Times, The Wall Street Journal, The Atlantic, and many more.  Twitter: @TrevorCorson Further reading:  The Nordic Theory of Everything: https://www.indiebound.org/book/9780062316547 Finland Is a Capitalist Paradise: https://www.nytimes.com/2019/12/07/opinion/sunday/finland-socialism-capitalism.html What Americans Don?t Get About Nordic Countries: https://www.theatlantic.com/politics/archive/2016/03/bernie-sanders-nordic-countries/473385/ Capitalism Redefined: https://democracyjournal.org/magazine/31/capitalism-redefined/ Safe, happy and free: does Finland have all the answers? https://www.theguardian.com/world/2018/feb/12/safe-happy-and-free-does-finland-have-all-the-answers Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-09-28
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Right-to-work is bad for workers (with Shane Larson)

Right-to-work laws, which make unionizing more difficult in 28 states, could more accurately be referred to as right-to-work? for less. Why? On average, worker pay drops 3.1% when right-to-work laws are passed. Shane Larson from CWA, the largest communications and media labor union in the U.S., joins Goldy to explain why right-to-work laws are so harmful, how they came to be, and why it?s so important to pass the PRO Act to fight for workers? rights.   Shane Larson is the Senior Director for Government Affairs and Policy for the Communications Workers of America.  Twitter: @ShaneLarsonCWA @CWAUnion https://www.epi.org/publication/so-called-right-to-work-is-wrong-for-montana/  https://aflcio.org/issues/right-work  https://www.washingtonpost.com/news/made-by-history/wp/2018/04/24/the-right-to-work-really-means-the-right-to-work-for-less/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-09-24
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How neoliberalism captured Democrats (with James Kwak)

Democrats used to be known as the party of the working people?so how did they get so off track? Who took over the party, and why? Author and professor James Kwak joins Nick and Paul in a blistering analysis of the decline of the Democratic Party, and explains how we can get it back on track. This episode originally aired in January 2020.  News clips credit: C-SPAN, ProfGP, CNN  James Kwak is a professor at the UConn School of Law and the chair of the board of the Southern Center for Human Rights. He is the author or co-author of 13 Bankers, White House Burning, and Economism. His latest book, Take Back Our Party: Restoring the Democratic Legacy, is available for free online at The American Prospect. Twitter: @jamesykwak Read Take Back Our Party on The American Prospect:  Introduction - Restoring the Democratic Legacy: https://prospect.org/politics/take-back-our-party-restoring-the-democratic-legacy/  Chapter 1 - Their Democratic Party: https://prospect.org/takebackourparty/chapter-1-their-democratic-party/ Chapter 2 - Bad Policy: https://prospect.org/takebackourparty/chapter-2-bad-policy/ Chapter 3 - Bad Politics: https://prospect.org/takebackourparty/chapter-3-bad-politics/  Chapter 4 - Our Democratic Party:  https://prospect.org/takebackourparty/chapter-4-our-democratic-party/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-09-21
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Why restaurants can?t find workers (with restaurateur Mark Bucher)

DC restaurateur Mark Bucher explains what?s behind the ?labor? shortage (hint: it?s the wages), the role that restaurant owners need to play in stopping the ?churn and burn? model of low-wage workers, and the future of the restaurant industry post-Covid.  Mark Bucher is the co-owner of Medium Rare, a decade-old steakhouse with three locations in D.C., Arlington, and Bethesda. During the pandemic, he established ?Feed the Fridge?, a project that places refrigerators around the DC metro area and pays local restaurants to fill them with fresh meals daily.  Twitter: @MediumRareDC DC restaurateur: There?s no staffing crisis. There?s a wage crisis. https://wtop.com/business-finance/2021/07/dc-restauranteur-theres-no-staffing-crisis-theres-a-wage-crisis/  Feed the Fridge: https://feedthefridge.org/  Minimum wage hike boosts customer experience: https://news.cornell.edu/stories/2021/08/minimum-wage-hike-boosts-customer-experience  Restaurant industry unharmed by modest minimum wage hikes: https://news.cornell.edu/stories/2016/01/restaurant-industry-unharmed-modest-minimum-wage-hikes  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-09-17
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What convinces people to act in the interest of others? (with Margaret Levi)

What does it take for someone to act in the interest of others? What constitutes trust in general, and trust in government in particular? Margaret Levi, a professor of political and behavioral sciences, shares her research on how people can be persuaded to act in the interest of others if they don?t already want to. The conversation covers vaccines, unions, citizen confidence in government, and a lot more.  And make sure not to miss these Pitchfork-adjacent opportunities: Sign up for Econ Con, an upcoming progressive economy conference put on by our friends at the Groundwork Collaborative in partnership with other awesome organizations. It?s free, it?s online, and we?ll be there, so? what are you waiting for? Sign up here: https://econcon.com/  Nick is on TikTok! You have to see it for yourself to believe it: https://www.tiktok.com/@realnickhanauer  Sign up for our new weekly newsletter, The Pitch: https://civicventures.substack.com/  Margaret Levi is the Sara Miller McCune Director of the Center for Advanced Study in the Behavioral Sciences (CASBS), Professor of Political Science, and Senior Fellow of the Woods Institute, Stanford University. She is Jere L. Bacharach Professor Emerita of International Studies in the Department of Political Science at the University of Washington. One of her most recent books, In the Interest of Others (Princeton, 2013), co-authored with John Ahlquist, explores how organizations provoke member willingness to act beyond material interest. In other work, she investigates the conditions under which people come to believe their governments are legitimate and the consequences of those beliefs for compliance, consent, and the rule of law. Twitter: @margaretlevi Margaret Levi: Citizen confidence in government - https://www.youtube.com/watch?v=YBbq7izCslU&ab_channel=WZBlive  In the Interest of Others: https://press.princeton.edu/books/hardcover/9780691158563/in-the-interest-of-others  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-09-14
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How Covid shook the world?s economy (with Adam Tooze)

There have been far more lethal pandemics than Covid-19, but the scale of our response to Covid-19 is dramatically new. For the first time in human history, our civilization made a collective decision to shut much of the world economy down. Contemporary historian Adam Tooze helps us understand what happened, why it happened, and how we can learn from it.  Sign up for our new weekly newsletter, The Pitch: https://civicventures.substack.com/  Adam Tooze holds the Shelby Cullom Davis chair of History at Columbia University and serves as Director of the European Institute. In 2019, Foreign Policy Magazine named him one of the top Global Thinkers of the decade. His most recent book, Shutdown: How Covid Shook the World?s Economy, is out now. Twitter: @adam_tooze Shutdown: How Covid Shook the World?s Economy: https://bookshop.org/books/shutdown-how-covid-shook-the-world-s-economy/9780593297551  Check out the Unf*cking The Republic podcast at https://www.unftr.com Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-09-07
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Why is getting out of poverty so hard? (with Felicia Wong)

Roosevelt Institute President Felicia Wong and writer Hanna Brooks Olsen join Nick and Goldy to explore how the intense burdens of poverty make it nearly impossible to even think about climbing the economic ladder. This episode was originally recorded and released in 2019.  Sign up for our new weekly newsletter, The Pitch: https://civicventures.substack.com/  Felicia Wong is the President and CEO of the Roosevelt Institute. Twitter: @FeliciaWongRI @rooseveltinst Hanna Brooks Olsen is a writer and the co-host of Spotless, a podcast about cleaning. Twitter: @mshannabrooks Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-08-31
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Why is the child tax credit good economic policy? (with Wendy Bach)

Everything you need to know about what the expanded child tax credit actually is, why it?s good policy, and how it will impact people?s lives.  Wendy Bach is a Professor of Law at the University of Tennessee, Knoxville. She is a nationally recognized expert in poverty law.  Twitter: @wendyabach Biden?s child tax credit is a step away from a discriminatory system: https://qz.com/2034199/how-does-the-us-child-tax-credit-work/ Two-thirds of people now receive monthly benefit checks: https://www.peoplespolicyproject.org/2021/07/19/two-thirds-of-people-now-receive-monthly-benefit-checks/  The time tax: https://www.theatlantic.com/politics/archive/2021/07/how-government-learned-waste-your-time-tax/619568/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-08-24
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How the credit market drives up housing prices (with Redfin CEO Glenn Kelman)

What?s the next generation of access to credit? Why are home prices and rents so out-of-whack with each other? And how can we approach the discord between what liberals say they want for their community versus what housing and development policies they?ll actually support? Glenn Kelman, the CEO of real estate brokerage website Redfin, helps us examine the future of housing and the best ways that companies like his can contribute to solving the housing crisis.  And if you?re wondering why this episode sounds so good, or why nobody mentions the pandemic? it?s because this conversation is from our archives of interviews that we recorded in-studio, just before the pandemic hit. But don?t let that discourage you?this is still just as relevant today as the day it was recorded. Enjoy!  Glenn Kelman is the CEO of Redfin.  Twitter: @glennkelman Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-08-17
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Ask Nick Anything, continued!

Is inflation bad? What?s the difference between a neoliberal and a conservative? If large corporations were held to higher labor standards than small employers, wouldn?t Walmart get all the talent? And more! Thanks to Mark from Nashville, David from Japan, Mike from Dallas-Fort Worth, Mary from Pennsylvania, Steve from Austin, and Pete from Boston, who left the great voicemails included in this episode! If you have any questions for a future AMA episode, leave us a voicemail at 731-388-9334.  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-08-10
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Everything you need to know about the Frito-Lay Strike (with KS Rep Jason Probst)

Workers at a Frito-Lay factory in Topeka, Kansas made national headlines when they went on strike to protest dismal labor conditions including forced overtime and 84-hour workweeks. (Frito-Lay's parent company, PepsiCo, made $10.5 billion in profit last year.) The strike ended after 19 days on July 26th, but it?s an important part of a national conversation about labor and corporate profits. Kansas state Representative Jason Probst joins the show to explain the details of the strike and how these insidious labor practices affect his state?s economy.    Jason Probst serves in the Kansas House of Representatives.  Twitter: @thatguyinhutch Substack: https://thatguyinhutch.substack.com/  Kansas Frito-Lay workers end strike: https://www.washingtonpost.com/business/2021/07/26/frito-lay-strike-topeka/  Striking information - what PepsiCo?s annual report tells us about the Frito Lay strike: https://thatguyinhutch.substack.com/p/striking-information  The Backbreaking Work That Goes Into a Bag of Chips: https://nymag.com/intelligencer/2021/07/frito-lay-workers-on-their-strike.html  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-08-03
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Ask Nick Anything

Nick and Goldy answer your questions! If we had progressive taxation, would we still need means testing? Can we send ultra-rich people away to their own economy? What are the best economic indicators for the progressive economy? And more! Thanks to Lisa from Indianapolis, Rick from Baltimore, Jacob from Portland, Sean from Philadelphia, Linda from Seaside, and Frank from Georgia who left the great voicemails included in this episode! If you have any questions for a future AMA episode, leave us a voicemail at 731-388-9334.  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-07-27
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Fiscal policy can help save the environment (with Sarah Bloom Raskin)

Can we create transformative climate outcomes by adopting new regulatory strategies? Financial regulation expert Sarah Bloom Raskin helps us explore what levers exist to steer fiscal and monetary policy toward lasting sustainability.  Sarah Bloom Raskin is the former Deputy Secretary of the U.S. Department of the Treasury and a former Governor of the Federal Reserve Board. She served as the Commissioner of Financial Regulation for the State of Maryland from 2007 to 2010. She is currently a visiting professor and distinguished fellow at Duke Law School?s Global Financial Markets Center, and a member of President Biden?s Regenerative Crisis Response Committee, which recommends changes in fiscal, monetary, and financial regulatory policies that are likely to enable the U.S. to achieve net carbon neutrality before 2050.  Twitter: @SBloomRaskin Learn more about the Regenerative Crisis Response Committee here: https://regenerativecrisisresponsecommittee.org/  Does environmental regulation kill or create jobs? https://policyintegrity.org/files/media/Jobs_and_Regulation_Factsheet.pdf  Do regulations really kill jobs? https://www.theatlantic.com/business/archive/2017/01/regulations-jobs/513563/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-07-20
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Why billionaires are paying no taxes (LIVE from CAP)

Our friends at the Center for American Progress put on a great virtual event last week with Senator Sherrod Brown, discussing how the U.S. tax codes favors the wealthy and the tools Congress plans to use to rebalance the tax system.  Twitter: @amprog You can watch video of the event here: https://www.americanprogress.org/events/2021/06/21/500822/billionaires-paying-no-taxes/ The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax: https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-07-13
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We all do better when we all do better (with JP Julien)

Contrary to fears that economic inclusion must come at the expense of economic growth, global management consulting firm McKinsey & Company's research and empirical evidence supports the idea that economic growth is at its best when it is most inclusive ? but that equity needs to be embedded in systems from the start in order to be effective. What does ?inclusion? mean in the context of an economy that works for everyone? McKinsey's JP Julien explains how policymakers and companies can ensure that economic growth goes hand-in-hand with ? and is enhanced by ? reducing inequality. JP Julien is an Associate Partner at McKinsey & Company, where he serves US federal, state, and city governments on inclusive economic-development topics and supports private-, public-, and social-sector organizations in advancing racial equity. He is a leader of the McKinsey Institute for Black Economic Mobility, a global economic think tank focused on inclusive economic development and racial equity topics.  Twitter: @McKinsey The case for inclusive growth: https://www.mckinsey.com/industries/public-and-social-sector/our-insights/the-case-for-inclusive-growth  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-07-06
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Summer Reading List!

It?s Nick and Goldy?s summer reading list!  We want to know what you?re reading, too. Let us know on Instagram: @pitchforkeconomics.  Remember to shop local and small when you can, or order from IndieBound or Bookshop.org?both of which support independent bookstores! All of these books are also likely available at your library.  Every book mentioned in this episode:  The WEIRDest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous by Joseph Henrich  Escape from Rome: The Failure of Empire and the Road to Prosperity by Walter Scheidel The Tyranny of Merit: What?s Become of the Common Good? by Michael J. Sandel Success and Luck: Good Fortune and the Myth of Merit by Robert H. Frank The Black Swan and Fooled by Randomness by Nassim Nicholas Taleb Democracy, Race, and Justice: The Speeches and Writings of Sadie T. M. Alexander by Nina Banks  Why Buddhism is True by Robert Wright Caste by Isabel Wilkerson His Truth Is Marching On: John Lewis and the Power of Hope by Jon Meacham   The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together by Heather McGhee 1491 by Charles C. Mann Nature?s God: The Heretical Origins of the American Republic by Matthew Stewart The Second World War by Winston Churchill  Lafayette in the Somewhat United States by Sarah Vowell  Debt by David Graeber  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-06-29
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Post-pandemic booms (with Callum Williams)

Callum Williams from The Economist predicts what we can expect from the economy in the coming months based on past periods of massive non-financial disruption, including past pandemics and major world wars.  Callum Williams is a senior economics writer at The Economist. Twitter: @econcallum What history tells you about post-pandemic booms: https://www.economist.com/finance-and-economics/2021/04/29/what-history-tells-you-about-post-pandemic-booms  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-06-22
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Chipotle CEO Brian Niccol is a trickle-down clown

You probably saw the news that Chipotle is raising its menu prices by 4 percent, and that leadership is blaming the price increase on the fact that they had to raise their starting pay to $15 per hour. It?s not at all surprising to see a large employer like Chipotle blame rising wages for everything, but what was disappointing was the media?s willingness to repeat Chipotle?s story without looking deeper into the numbers: namely, none of the stories covering the price increases mentioned that Chipotle gave its CEO a $24 million raise last year, and that the company is in the middle of enacting a $153 million stock buyback program to enrich a handful of shareholders. Around here, that type of trick will land you the title of Trickle-Down Clown! This week Goldy has a few choice words to say about Chipotle?s behavior, and then we thought it would be a good time to revisit our stock buybacks episode with Senator Cory Booker for an explanation of the pervasiveness and dangers of the practice. Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-06-15
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Inequality is bad for everyone (with Djaffar Shalchi)

We?re back to our favorite topic this week?TAX THE RICH! Beyond all the benefits that come from a well-funded social safety net, taxing the wealthy would lessen inequality, which would make most people?including the extravagantly wealthy?happier. Super-rich Danish entrepreneur Djaffar Shalchi shares the wisdom that Denmark understands: Inequality is bad for everyone.    Djaffar Shalchi is an entrepreneur from Denmark and founder of Millionaires for Humanity, a network of wealthy people who advocate for raising taxes on wealthy people. He is also the founder and Executive Director of Move Humanity, a global initiative to mobilize at least one percent of the wealth of the world?s super-rich for the UN?s Sustainable Development Goals.   Twitter: @djaffarshalchi OPINION: I?m a millionaire who wants to be taxed to pay for COVID-19: https://news.trust.org/item/20210329080742-gpnj6/  The American dream is now in Denmark: https://the.ink/p/the-american-dream-is-now-in-denmark  Dear Mr. Deutsch: Come to ?F***ing Denmark.?: https://medium.com/@humanact/dear-donny-deutsch-come-to-f-ing-denmark-ea6995bb684d  Biden will seek tax increase on rich to fund child care and education: https://www.nytimes.com/2021/04/22/business/economy/biden-taxes.html  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-06-09
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How U.S. policy was designed to suppress wages (with Larry Mishel and Josh Bivens)

Radical and rising economic inequality is no secret ? and now, thanks to new research from the Economic Policy Institute, neither is its price tag nor its cause. There?s never been a study quite like this ? one which places specific, real dollar amounts on every trickle-down policy American politicians have embraced. The study?s authors, Larry Mishel and Josh Bivens, explain how their work  reveals that the massive upward redistribution of income our nation has suffered these past four decades can largely be attributed to policies intentionally designed to suppress the wages of American workers.    Lawrence Mishel is a distinguished fellow at EPI after serving as president from 2002-2017. In the more than three decades he has been with EPI, Mishel has helped build it into the nation?s premier research organization focused on U.S. living standards and labor markets.  Twitter: @LarryMishel Josh Bivens is the director of research at EPI. His areas of research include macroeconomics, fiscal and monetary policy, the economics of globalization, social insurance, and public investment.  Twitter: @joshbivens_DC Middle-class pay lost pace. Is Washington to blame? https://www.nytimes.com/2021/05/13/business/economy/middle-class-pay.html  Identifying the policy levers generating wage suppression and wage inequality: https://www.epi.org/unequalpower/publications/wage-suppression-inequality/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-06-01
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It?s not a labor shortage, it?s a wage shortage (with Heidi Shierholz)

You have no doubt seen the scary headlines warning of a ?labor shortage? caused by the additional pandemic unemployment insurance payments. The coverage of this story is widespread, even though most economics reporters can find no credible evidence linking unemployment checks to a labor shortage. EPI economist Heidi Shierholz joins us to explain why UI and stimulus payments aren?t causing a ?labor shortage?, and why the answer to this made-up problem is so clear: it?s the low wages, stupid.  Heidi Shierholz is the Senior Economist and Director of Policy at the Economic Policy Institute.  Twitter: @hshierholz Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Unemployment benefits are not creating a worker shortage: https://www.huffpost.com/entry/worker-shortage-unemployment-benefits_n_609056c3e4b09cce6c21a850  Is unemployment insurance behind the fast-food labor shortage? https://prospect.org/labor/is-unemployment-insurance-behind-fast-food-labor-shortage/  Restaurant labor shortages show little sign of going economywide: https://www.epi.org/blog/restaurant-labor-shortages-show-little-sign-of-going-economywide-policymakers-must-not-rein-in-stimulus-or-unemployment-benefits/  U.S. Labor Shortage? Unlikely. Here?s why: https://policydialogue.org/opinions/worker-shortages/  It?s not a ?labor shortage?. It?s a great reassessment of work in America: https://www.washingtonpost.com/business/2021/05/07/jobs-report-labor-shortage-analysis/  The Myth of Labor Shortages: https://www.nytimes.com/2021/05/20/briefing/labor-shortages-covid-wages.html  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-05-25
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Your non-compete clause is probably illegal (with WA Attorney General Bob Ferguson)

Non-compete clauses, and the lesser-known no-poach agreements between franchises, are shockingly common for low-wage workers. Although these contracts were originally intended to protect trade secrets among high-level executives, they have spiralled into an unfair labor practice that keeps wages low, limits employee mobility, and decreases competition. Washington state Attorney General Bob Ferguson explains how non-competes and no-poach agreements violate the law in many states, what his team did to get hundreds of huge employers across the country to cease and desist, and why you should tell your state?s Attorney General if you know of any low- or middle-income workers who are being forced into signing these agreements.  Bob Ferguson is Washington State?s 18th Attorney General. As the state?s chief legal officer, Bob is committed to protecting the people of Washington against powerful interests that don?t play by the rules.  Twitter: @BobFergusonAG Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Why aren?t paychecks growing? A burger-joint clause offers a clue: https://www.nytimes.com/2017/09/27/business/pay-growth-fast-food-hiring.html Workers in Washington state win big under new non-compete law: https://www.emeryreddy.com/2019/09/workers-in-washington-state-win-big-under-new-non-compete-law/  Attorney General Bob Ferguson stops King County coffee shop?s practice requiring baristas to sign unfair non-compete agreements: https://www.atg.wa.gov/news/news-releases/attorney-general-bob-ferguson-stops-king-county-coffee-shop-s-practice-requiring  AG Report: Ferguson?s initiative ends no-poach practices nationally at 237 corporate franchise chains: https://www.atg.wa.gov/news/news-releases/ag-report-ferguson-s-initiative-ends-no-poach-practices-nationally-237-corporate  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-05-18
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Why we need a mission-driven economy (with Mariana Mazzucato)

What do the internet and COVID vaccines have in common? Neither would be possible without the work of DARPA, a mission-focused federal agency responsible for funding research and development. Professor Mariana Mazzucato is with us this week to argue that our economy will be better off if more government agencies adopt DARPA?s mission-oriented approach.   Mariana Mazzucato is a Professor in the Economics of Innovation and Public Value at University College London, where she is Founding Director of the UCL Institute for Innovation and Public Purpose. She is the author of three highly-acclaimed books: The Entrepreneurial State, The Value of Everything, and Mission Economy.  Twitter: @MazzucatoM Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Mission Economy: https://marianamazzucato.com/books/mission-economy  It?s 2023. Here?s how we fixed the global economy: https://time.com/collection/great-reset/5900739/fix-economy-by-2023/#new_tab DARPA?s early investment in COVID-19 antibody identification producing timely results: https://www.darpa.mil/news-events/2020-11-10   Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-05-11
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Is the economy at a turning point? (with Anusar Farooqui)

Essayist Anusar Farooqui makes the case that we are witnessing the final break from neoliberalism in the United States. Anusar Farooqui writes on Substack as Policy Tensor.  Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  The Making of the Mother of All Economic Booms: https://policytensor.substack.com/p/the-making-of-the-mother-of-all-economic  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-05-04
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Can businesses help repair society? (with Ben & Jerry)

Can business leaders use their power and resources to make meaningful change? Should they? Ben Cohen and Jerry Greenfield, the founders behind iconic ice cream brand Ben & Jerry?s, help map the landscape between business and activism and introduce their new project, the Campaign to End Qualified Immunity.  Ben Cohen and Jerry Greenfield are the co-founders of Ben & Jerry?s Ice Cream. Most recently, they are the leaders of the Campaign to End Qualified Immunity, a new police reform and criminal justice campaign.  Ben?s twitter: @YoBenCohen Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  https://campaigntoendqualifiedimmunity.org/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-04-27
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There?s no such thing as a race-neutral policy (with Valerie Wilson)

EPI economist Valerie Wilson joins us for a conversation about the economic costs of racism, and which policies could help further racial equality. Valerie Wilson is the Director of the Program on Race, Ethnicity, and the Economy at the Economic Policy Institute. Prior to joining EPI, she was an economist and vice president of research at the National Urban League Washington Bureau.  Twitter: @ValerieRWilson Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Racism and the Economy: https://www.epi.org/blog/racism-and-the-economy-fed/   Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-04-20
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Diving into March?s giant jobs report (with Austan Goolsbee)

The latest monthly report from the Bureau of Labor Statistics showed massive gains in March?the strongest in seven months?indicating that economic growth is gaining speed. Economist Austan Goolsbee explains why he?s optimistic, what kind of numbers we need to keep seeing to realize a full recovery, and how the report proves that even though some think high unemployment insurance payments will disincentivize people from returning to work, a lack of jobs is actually what?s driving unemployment rates.   Austan Goolsbee is the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business. He previously served as the Chairman of the Council of Economic Advisers and a member of President Obama?s Cabinet.   Twitter: @Austan_Goolsbee Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Strong job growth in March as vaccine distribution expands and the American Rescue Plan ramps up: https://www.epi.org/blog/strong-job-growth-in-march-as-vaccine-distribution-expands-and-the-american-rescue-plan-ramps-up/  The soft underbelly to a looming economic boom: Millions will miss out: https://www.washingtonpost.com/business/2021/03/30/fed-inflation-bad-economy-low-wage/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-04-13
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Winning back our freedom from the market (with Mike Konczal)

The relationship between time, work, and freedom has always been a battleground in the American economy. Could our devotion to free-market fundamentalism in fact be making Americans less free? Author Mike Konczal joins the show to talk about positive versus negative freedom and the policies that would make us more free, in a real sense.  Mike Konczal is the Director of Progressive Thought at the Roosevelt Institute. His latest book is Freedom from the Market: America?s Fight to Liberate Itself from the Grip of the Invisible Hand. Twitter: @rortybomb Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Freedom from the Market: https://bookshop.org/books/freedom-from-the-market-america-s-fight-to-liberate-itself-from-the-grip-of-the-invisible-hand/9781620975374  Time is the universal measure of freedom: http://bostonreview.net/class-inequality-law-justice/mike-konczal-time-universal-measure-freedom  Our episode with Elizabeth Anderson: https://pitchforkeconomics.com/episode/coercion-in-the-workplace-with-elizabeth-anderson/  Our episode with Anu Partanen and Trevor Corson: https://pitchforkeconomics.com/episode/re-imagining-capitalism-with-anu-partanen-and-trevor-corson/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-04-06
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Andrew Yang interviews Nick!

On his podcast Yang Speaks, former Democratic presidential candidate Andrew Yang asks Nick about pervasive economic myths, the next big labor standards fight (the overtime threshold), and the early days of the Fight for $15. Plus, they debate whether a higher minimum wage or a universal basic income would be better for society.  The episode from Yang Speaks: https://shows.cadence13.com/podcast/yang-speaks/episodes/f017e270-cc82-40ab-b4a2-6b90b1a564e0  Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-03-30
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Atlas Hugged (with David Sloan Wilson)

If you?re one of the many people who have asked us to take down the concepts in Atlas Shrugged, which argues that we?re a fundamentally selfish species, this episode is for you! If you?re not one of those people, well, this episode is ALSO for you! Evolutionary biologist David Sloan Wilson has infused the idea of prosociality (the desire to help others) into his new book, Atlas Hugged, and he joins us to explain why Atlas Hugged is a better predictor of how people act than Atlas Shrugged. David Sloan Wilson is an evolutionary biologist and SUNY Distinguished Professor of Biology and Anthropology at Binghamton University. His books include This View of Life: Completing the Darwinian Revolution and the recently published Atlas Hugged.  Twitter: @David_S_Wilson Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Ayn Rand Meets Her Match: David Sloan Wilson Fights Fiction with Fiction: https://evonomics.com/rand-meets-david-sloan-wilson-atlas-hugged/  Get Atlas Hugged for free: https://atlashugged.world/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-03-23
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Can?t stop, won't stop, GameStop (with Congressman Ro Khanna)

When GameStop?s stock skyrocketed early this year, Wall Street was pissed. A group of Redditors had manipulated the stock market?and everyone knows only professional hedge fund managers are allowed to do that! We couldn?t ignore the market news that took the world by storm, so Nick and Goldy called up CA Congressman Ro Khanna to talk about what happened with GameStop, what it means for financial regulations, and what the government?s response signals about a changing tide in our country?s leadership.  Congressman Ro Khanna is a Representative of California?s 17th District. Rep. Khanna sits on the House Committees on Agriculture, Armed Services, and Oversight and Reform. He is the Deputy Whip of the Congressional Progressive Caucus; serves as an Assistant Whip for the Democratic Caucus and is the Democratic Vice Chair of the House Caucus on India and Indian Americans.  Twitter: @RoKhanna Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Further reading:  A leading progressive Democrat slams Robinhood?s move to restrict trading on some stocks after Reddit-fueled surge: https://www.businessinsider.com/ro-khanna-slams-robinhood-trading-restriction-reddit-traders-amc-gamestop-2021-1  Lawmakers call for regulation after Robinhood halts trading: https://www.marketplace.org/shows/marketplace-tech/lawmakers-want-regulation-after-robinhood-halts-trading/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-03-16
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No, the relief bill won?t cause inflation (with Austan Goolsbee)

This weekend, the Senate passed the coronavirus relief bill?and the House is scheduled to debate the bill, and widely expected to pass it, on the day this episode is published (Tuesday, March 9th). While the Senate debated what would be the largest disaster-relief legislation in American history, moderate Democrats and ultra-conservative Republicans alike repeated one common criticism?that infusing so much money into the economy would cause inflation. Austan Goolsbee, past Chairman of the Council of Economic Advisers, explains why those fears are misplaced in this episode that will answer every question you?ve ever had about inflation, stimulus checks, and disaster relief.  Austan Goolsbee is the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business. He previously served in Washington as the Chairman of the Council of Economic Advisers and a member of President Obama?s Cabinet.   Twitter: @Austan_Goolsbee Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Further reading: Biden and the Fed Leave 1970s Inflation Fears Behind: https://www.nytimes.com/2021/02/15/business/economy/biden-fed-inflation-covid.html  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-03-09
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The idea for a National Investment Authority, explained (with Saule Omarova)

Tackling existential threats to our future like climate change and economic inequality is a huge undertaking, and building the future is going to require massive public investment. Cornell Law Professor Saule Omarova calls for a National Investment Authority that would work inside private markets as a soup-to-nuts problem-solving operation.  Saule Omarova is the Beth and Marc Goldberg Professor of Law at Cornell Law School. She specializes in financial sector regulation, banking law, international finance, and corporate finance.  Twitter: @STOmarova Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Further reading:  Public Investment Reimagined: A National Investment Authority - https://prospect.org/economy/public-investment-reimagined-a-national-investment-authority/ Key benefits of a National Investment Authority: https://www.dataforprogress.org/a-national-investment-authority  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick?s twitter: @NickHanauer
2021-03-02
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