327 episodes
Pitchfork Economics with Nick Hanauer Civic Ventures
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- Government
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4.7 • 1.4K Ratings
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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.
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The Case Against Extreme Wealth (with Ingrid Robeyns)
This week, Nick and Goldy sit down with ethics professor Ingrid Robeyns to discuss her groundbreaking new book, Limitarianism: The Case Against Extreme Wealth. Robeyns challenges the idea that it’s acceptable to allow extreme wealth concentration and inequality to persist, advocating instead for a hard cap on wealth accumulation. Nick and Goldy navigate the moral and practical implications of wealth limits on society, democracy, and ecological sustainability.
Ingrid Robeyns is a distinguished scholar and Professor of Ethics of Institutions at Utrecht University, and author of the new book, Limitarianism: The Case Against Extreme Wealth. Professor Robeyns’ research in the field of Ethics and Political Philosophy focuses on issues of justice, inequality, well-being, and the ethical dimensions of societal structures and policies.
Twitter: @IngridRobeyns
Limitarianism: The Case Against Extreme Wealth
Website: http://pitchforkeconomics.com
Twitter: @PitchforkEcon
Instagram: @pitchforkeconomics
Nick’s twitter: @NickHanauer -
LIVE from DC: Redefining the Center (with Heather Boushey)
This special episode of Pitchfork Economics features a live conversation from the "Redefining the Center: How to Make Middle-Out Economics the New Mainstream" conference hosted by Democracy Journal in Washington, D.C. Heather Boushey, a member of the White House Council of Economic Advisors, joins Nick for a wide-ranging discussion moderated by Michael Tomasky, editor of Democracy Journal. Hanauer & Boushey explore the policy initiatives being pursued by the Biden administration that prioritize working families and promote economic growth from the middle out and discuss the crucial role of the middle out as a paradigm shift in how people think about economic cause and effect. This dynamic and thought-provoking discussion was a great start to an outstanding conference.
Heather Boushey is an economist and policy advisor who serves as a key member of President Biden's White House Council of Economic Advisors and Chief Economist for the President’s Invest in America Cabinet. Prior to joining the Biden administration, she was the President and CEO of the Washington Center for Equitable Growth, a think tank focused on advancing evidence-based policies to reduce inequality. In her role in the White House, she plays a crucial role in shaping economic policy and advising the President on issues related to labor, income inequality, and economic opportunity.
Twitter: @hboushey46
Further reading: The Middle-Out Moment Is Here
Website: http://pitchforkeconomics.com
Twitter: @PitchforkEcon
Instagram: @pitchforkeconomics
Nick’s twitter: @NickHanauer -
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 -
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 -
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 -
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
Customer Reviews
I appreciate the positive, realistic policy ideas
It’s rare in current media to find commentary around capitalism that is focused on making capitalism work well. There is plenty out there opposing it completely, or praising it completely, or pretending that bad ideas are really great ideas that are going to work for the people they’re shilling them too. That is where Pitchfork Economics comes in with its wonky cheerleading for a vision of kinder, more effective capitalism.
I was glad to see wage theft as a recent topic but disappointed that different forms of wage theft were not explored in more detail. They spoke on a high level about classification and evading taxes but I wanted to hear much more discussion around the specific ways that corporations misclassify workers. I don’t think enough people are aware of what this looks like IRL and if they were they’d start to realize how pervasive it is. The idea of criminalizing wage theft by employers would be a game changer in terms of labor policy.
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.
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!!
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