Optimist Economy

Kathryn Anne Edwards and Robin Rauzi

Economist Kathryn Anne Edwards and co-host Robin Rauzi talk about the fundamentals of the economy and how to build a better future one problem and solution at a time. Our premise is that the United States has remarkable economy — and yet for tens of millions of Americans it is not performing up to its potential. It could be more open to aspiring workers, less hostile to change, safer for workers, less risky for retirees, and so on. ✨ Support the podcast at: optimisteconomy.com ✨ Ask questions or share your economic worries with us at: optimist.economy@gmail.com

  1. Affordability vs. the Poverty Line

    17H AGO

    Affordability vs. the Poverty Line

    An essay went viral by claiming that $140,000 is what a family of four needs to just get by — a number higher than what 70% of American households earn. Conservative economists called it idiotic. Kathryn dismissed it and got a nasty DM. What’s the real controversy? It’s not that the poverty line is misleading. It's that we have no measure for our current affordability crisis. And the American mindset has been so warped by decades of bad economic policy that we think the only way to get help is to prove that we’re poor. END NOTES: The essay in question: Part 1: My Life Is a Lie - by Michael W. Green, What economists thought: Viral essay says $140,000 should be the new poverty line - The Washington Post ; Cato: The $140,000 ‘Poverty Line’ Is Laughably Wrong, So Why Does It Feel Right? ; AEI: How Not to Redefine Poverty How U.S. poverty measures actually work: Two Ways the U.S. Census Bureau Measures Poverty to Capture Clearer Picture of Poverty in America  Kathryn on Money with Katie (at min. 35) Watch video clips from this episode at the Optimist Economy YouTube channel⁠⁠. Follow us on Instagram at ⁠⁠@optimist_economy. Follow us on TikTok at ⁠⁠@optimist_economy. Read some stuff on our Substack. Consume leisure in an O.E. hat or shirt: https://merch.ambientinks.com/collections/optimisteconomy Support us and our tireless editors and producers by donating: https://optimisteconomy.com And send your economic questions, concerns, or executive orders: optimist.economy@gmail.com

    48 min
5
out of 5
697 Ratings

About

Economist Kathryn Anne Edwards and co-host Robin Rauzi talk about the fundamentals of the economy and how to build a better future one problem and solution at a time. Our premise is that the United States has remarkable economy — and yet for tens of millions of Americans it is not performing up to its potential. It could be more open to aspiring workers, less hostile to change, safer for workers, less risky for retirees, and so on. ✨ Support the podcast at: optimisteconomy.com ✨ Ask questions or share your economic worries with us at: optimist.economy@gmail.com

You Might Also Like