50 min
238. Walling Versus Bridging feat. Glenn Hubbard unSILOed with Greg LaBlanc
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- Business
Growth is good but creates losers as well as winners. The Economics profession has far too often failed to provide insight into how to design policies that protect those negatively impacted by forces such as technological change and globalization.
There’s a lot riding with how we address the economic ‘losers’, and it matters because the two main ways to engage with this problem have dramatically different consequences.
Glenn Hubbard is an author, economist, and also Professor of Economics as well as Dean at the Columbia University Graduate School of Business until his retirement in 2019. Glenn was also the Deputy Assistant Secretary at the U.S. Department of the Treasury and Chairman of the Council of Economic Advisers. Glenn’s latest book is The Wall and the Bridge: Fear and Opportunity in Disruption’s Wake, and he tackles the two main ways to assist the ‘losers’ in life. Governments and establishments try to wall off the affected areas and protect them from further harm, but at great cost to and minimal benefit for those people affected. Glenn promotes the second strategy of building bridges out from the areas of loss in different directions as lifelines, serving to assist in whatever transition needs to be made to reach a working position.
Glenn and Greg talk about the two approaches to disruption, walls, which seek to keep change at bay, and bridges, which make change easier to accept. They discuss how Lincoln and Roosevelt built bridges through Land Grant Colleges and the GI Bill and how current policymakers could build new bridges to opportunity. . Glenn explains the role of community colleges and labor mobility and local development initiatives in places like Pittsburgh, PA, and Youngstown, OH.
Growth is good but creates losers as well as winners. The Economics profession has far too often failed to provide insight into how to design policies that protect those negatively impacted by forces such as technological change and globalization.
There’s a lot riding with how we address the economic ‘losers’, and it matters because the two main ways to engage with this problem have dramatically different consequences.
Glenn Hubbard is an author, economist, and also Professor of Economics as well as Dean at the Columbia University Graduate School of Business until his retirement in 2019. Glenn was also the Deputy Assistant Secretary at the U.S. Department of the Treasury and Chairman of the Council of Economic Advisers. Glenn’s latest book is The Wall and the Bridge: Fear and Opportunity in Disruption’s Wake, and he tackles the two main ways to assist the ‘losers’ in life. Governments and establishments try to wall off the affected areas and protect them from further harm, but at great cost to and minimal benefit for those people affected. Glenn promotes the second strategy of building bridges out from the areas of loss in different directions as lifelines, serving to assist in whatever transition needs to be made to reach a working position.
Glenn and Greg talk about the two approaches to disruption, walls, which seek to keep change at bay, and bridges, which make change easier to accept. They discuss how Lincoln and Roosevelt built bridges through Land Grant Colleges and the GI Bill and how current policymakers could build new bridges to opportunity. . Glenn explains the role of community colleges and labor mobility and local development initiatives in places like Pittsburgh, PA, and Youngstown, OH.
50 min