325 episodes

We are living through a paradigm shift from trickle-down neoliberalism to middle-out economics — a new understanding of who gets what and why. Join zillionaire class-traitor Nick Hanauer and some of the world’s leading economic and political thinkers as they explore the latest thinking on how the economy actually works.

Pitchfork Economics with Nick Hanauer Civic Ventures

    • Government
    • 4.7 • 1.4K Ratings

We are living through a paradigm shift from trickle-down neoliberalism to middle-out economics — a new understanding of who gets what and why. Join zillionaire class-traitor Nick Hanauer and some of the world’s leading economic and political thinkers as they explore the latest thinking on how the economy actually works.

    The True Crime of Wage Theft (with Terri Gerstein)

    The True Crime of Wage Theft (with Terri Gerstein)

    In the shadows of corporate greed and exploitation lies a sinister crime that is silently perpetrated, leaving countless victims in its wake—a crime that affects millions of hardworking Americans every year and sucks billions out of our economy —Wage Theft. No industry is immune to this insidious crime, from restaurant workers to construction laborers. On this episode of Pitchfork Economics, we are joined by Terri Gerstein, Director of the Labor Initiative at NYU Robert F. Wagner Graduate School of Public Service, to unpack the chilling truth behind these workplace crimes, learn who the perpetrators are, and uncover how they get away with it. Most importantly, what can be done to stop them?

    Terri Gerstein is the Director of the NYU Wagner Labor Initiative, at NYU’s Robert F. Wagner Graduate School of Public Service, which explores and helps activate the often-untapped potential of government in safeguarding and advancing workers' rights. Previously, Terri enforced labor laws in New York for 17 years, including as Labor Bureau Chief in the New York State Attorney General’s Office.

    Crime music bed by Power Music Factory

    News clips from CBS News, CBS Miami, and CBS Philadelphia

    Twitter: @TerriGerstein 

    NYU Wagner Labor Initiative

    Further reading: 
    Prosecute Bad Bosses: More district attorneys are cracking down on abusive employers. It's about time

    Report mentioned in the episode from the National Coalition Against Insurance Fraud: The Costly Crime and Impact of Workers’ Comp Premium Fraud

    The Role of State Attorneys General in Protecting Workers’ Rights

    Report: How district attorneys and state attorneys general are fighting workplace abuses

    More states should follow new Colorado policy on wage theft

    Website: http://pitchforkeconomics.com
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 36 min
    Productivity is a Policy Choice (with Preston Mui)

    Productivity is a Policy Choice (with Preston Mui)

    Preston Mui, Senior Economist at Employ America, recently authored a report titled "The Dream of the 90s is Alive in 2024: How Policy Can Revive Productivity Growth." The report offers a blueprint for policymakers seeking to emulate the successes of an unparalleled period of productivity in the United States. Mui joins us to examine and reflect on the policy decisions which drove the strong productivity growth of the 1990s, and he also identifies dynamic new strategies for revitalizing American production in the present. 

    Preston Mui is a Senior Economist at Employ America, a macroeconomic policy research and advocacy organization committed to achieving and sustaining full employment outcomes.

    Twitter: @PrestonMui

    Three Motivations for Interest Rate Normalization: A Playbook for Fed Policy in 2024
    The Dream of the 90's is Alive in 2024: How Policy Can Revive Productivity Growth
    Preston Mui's thread on the “Dream of the 90's” series and report by Employ America 

    Website: http://pitchforkeconomics.com
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 35 min
    Why Wages Are Growing From the Bottom Up and Middle Out (with Arin Dube)

    Why Wages Are Growing From the Bottom Up and Middle Out (with Arin Dube)

    Today, Arin Dube, Professor of Economics at the University of Massachusetts Amherst, joins us to discuss his latest research, which suggests that the American labor market is undergoing a remarkable transformation. The widespread wage inequality that rapidly expanded between 1980 and 2019 is finally reversing, and American paychecks are growing again—especially at the bottom end of the income scale. In this enlightening conversation, Dube explains how and why the labor market has changed, how that's affecting wages, and how it all contributes to a virtual cycle of middle-out economic growth.

    Arin Dube is a Professor of Economics at the University of Massachusetts Amherst, well-known for his expertise in labor economics and public policy and his groundbreaking empirical research on minimum wage. His work often involves empirical analysis and utilizes large-scale datasets to provide evidence-based insights into the effects of various policy interventions. Dube's research has been widely recognized and cited, contributing to the ongoing discussions among policymakers and economists around labor market dynamics and policy design.

    Twitter: @arindube

    The Unexpected Compression thread https://twitter.com/arindube/status/1724147807563477440 

    NBER Working Paper https://www.nber.org/system/files/working_papers/w31010/w31010.pdf 

    Website: http://pitchforkeconomics.com
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 45 min
    The True Cost of Trump’s Tax Plan (with Samantha Jacoby)

    The True Cost of Trump’s Tax Plan (with Samantha Jacoby)

    In his State of the Union Address, President Biden made it clear that taxes and tax policy were his next big target for a middle-out makeover. However, we can't talk about the future of taxes without discussing the potential expiration of Trump’s’ 2017 tax law. Samantha Jacoby, a senior tax analyst at the Center on Budget and Policy Priorities, joins us today to help us understand the repercussions of Trump's tax policies and the opportunities ahead. Trump’s tax law was marketed as a boon for every working American, promising an average annual benefit of $4,000. But Jacoby unveils the true economic reality behind the Trump tax law: the primary beneficiaries were the wealthiest individuals and corporations; they did not pay for themselves as promised; and despite the trillions of tax giveaways to people at the top, most Americans saw no tangible economic benefit.

    Samantha Jacoby is a Senior Tax Analyst with the Center on Budget and Policy Priorities. Before joining the Center in 2018, she practiced tax law at two international law firms in New York and Washington, D.C. Previously, she worked as a policy and research analyst at the Solar Energy Industries Association, where she focused on the impact of tax incentives on the renewable energy industry.
     
    Twitter: @jacsamoby

    The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises
    https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver 

    IRS Funding thread by Samantha on Twitter
    https://x.com/jacsamoby/status/1752088112291807298?s=20

    After Decades of Costly, Regressive, and Ineffective Tax Cuts, a New Course Is Needed Bipartisan Senate Action Passes Minimal Test for IRS Funding While Multiple House Republican Bills Fail 
    https://www.cbpp.org/research/federal-tax/after-decades-of-costly-regressive-and-ineffective-tax-cuts-a-new-course-is 

    Website: http://pitchforkeconomics.com
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 34 min
    Middle Out to Mainstream

    Middle Out to Mainstream

    Eleven years ago, Democracy Journal released a special issue on "The Middle Out Moment" that explored the implications of what was then the brand-new theory of middle-out economics. The moment may not have fully arrived back in 2013, but no doubt it's here now. So this week, Democracy Journal is publishing a follow-up edition called "The Middle Out Moment Part Two," marking the fact that what was once a new idea has now gone mainstream. In this episode, we'll hear from several of the economists, researchers, and former administration officials who contributed to the special issue as they explore how middle-out economics has been put into practice — and discuss the work that lies ahead as middle-out economics becomes the new mainstream.

    Guests include: Felicia Wong, Bharat Ramamurti, Tara McGuinness, Sandeep Vaheesan, Todd Tucker, Ronnie Chatterji, Neale Mahoney, and Heidi Shierholz

    The Middle-Out Moment is Here: https://democracyjournal.org/category/magazine/72

    Twitter: 
    Michael Tomasky - @mtomasky
    Felicia Wong - @FeliciaWongRI
    Bharat Ramamurti - @BharatRamamurti
    Tara McGuinness - @taradmcguinness
    Sandeep Vaheesan - @sandeepvaheesan
    Todd Tucker - @toddntucker
    Ronnie Chatterji - @RonnieChatterji
    Neale Mahoney - @nealemahoney
    Heidi Shierholz - @hshierholz

    Website: http://pitchforkeconomics.com
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 55 min
    Why Americans are so displeased with the economy (with Aaron Sojourner)

    Why Americans are so displeased with the economy (with Aaron Sojourner)

    The latest economic indicators show a historically strong economy. Over the past couple of years, the unemployment rate has consistently stayed below 4%, real wages have been growing faster than they have in decades, and economic growth has been strong. And yet, public opinion surveys consistently show dissatisfaction with economic conditions. Aaron Sojourner, a labor economist from the Upjohn Institute, joins us to discuss his research findings into why Americans are so displeased with the economy. Aaron helps us unpack the complicated relationship between news coverage of the economy and its effect on consumer sentiment.

    Aaron Sojourner is a labor economist and senior researcher at the Upjohn Institute for Employment Research. His research focuses on the effects of labor-market institutions, policies to promote efficient and equitable development of human capital, and behavioral economic approaches to consumer finance decisions. He’s also served as the senior economist for labor on the U.S. Council of Economic Advisers for Presidents Obama and Trump.

    Twitter: @aaronsojourner

    BlueSky: @aaronsojourner.bsky.social

    Threads: aaronsojourner

    Why are Americans so displeased with the economy?
    https://www.brookings.edu/articles/why-are-americans-so-displeased-with-the-economy

    Aaron’s thread on within-worker real wage growth on Threads:
    https://www.threads.net/@aaronsojourner/post/C3OVo8FrDgV/?igshid=NTc4MTIwNjQ2YQ== 

    Tax Subsidies for Journalism Are Only for Rich People: Perry Bacon Edition
    https://cepr.net/tax-subsidies-for-journalism-are-only-for-rich-people-perry-bacon-edition

    Website: http://pitchforkeconomics.com
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 37 min

Customer Reviews

4.7 out of 5
1.4K Ratings

1.4K Ratings

703:PrincessAbigail ,

Flying is not my concern.

I want to start by saying I love this podcast. I listen to it every week, and I’ve learned a lot. However, the flying is miserable episode seemed so out of touch to me. I don’t care if it’s miserable to fly. Most of the people I know can’t afford to fly anywhere for any reason. Flying being miserable is just one more symptom of the erosion of our society.

mmatteis ,

Insightful!

Thank you for an easy way to understand “middle out bottom up” economics!! I have a republican neighbor who thinks the reason her portfolio is doing so well is that the interest rates haven’t gone up recently and that Biden controls the feds and interest rates!! Now I have some easy to understand reasons why her economic outlook is rosey and she should consider voting for Biden to keep it going!!
😃😃

Elaine in Baltimore ,

Finally!

Not bipartisan- not negative- they just tell you the why and the how. So insightful. Thank you.

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