31 min listen
Re-post: Does the market pay you what you’re worth? (with Marshall Steinbaum and Saru Jayaraman)
Re-post: Does the market pay you what you’re worth? (with Marshall Steinbaum and Saru Jayaraman)
ratings:
Length:
51 minutes
Released:
Feb 16, 2021
Format:
Podcast episode
Description
The theory of marginal product of labor says that every worker is paid exactly what they’re worth—the value that their labor generates. Employers cite marginal productivity to legitimize paying the lowest wages possible, but that’s just another trickle-down scam. Economist Marshall Steinbaum and food labor expert Saru Jayaraman expose the lie of marginal productivity, and show how it’s been used to exploit workers for centuries.
Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and a Senior Fellow of Higher Education Finance at the Jain Family Institute. He studies market power in labor markets and its policy implications.
Twitter: @Econ_Marshall
Saru Jayaraman is President of One Fair Wage and Director of the Food Labor Research Center at UC Berkeley.
Twitter: @SaruJayaraman
No, Productivity Does Not Explain Income: https://evonomics.com/no-productivity-does-not-explain-income/
ROC United Diners’ Guide App: https://rocunited.org/diners-guide/
Saru Jayaraman: How Restaurant Workers Are Inheriting a Legacy of Slavery in the U.S.: https://bioneers.org/saru-jayaraman-restaurant-workers-inheriting-legacy-slavery-u-s-ztvz1712/
Evidence and Analysis of Monopsony Power, Including But Not Limited To, In Labor Markets: https://www.ftc.gov/system/files/documents/public_comments/2018/08/ftc-2018-0054-d-0006-151013.pdf
Antitrust and Labor Market Power: https://econfip.org/wp-content/uploads/2019/05/Antitrust-and-Labor-Market-Power.pdf
Why Are Economists Giving Piketty the Cold Shoulder?
http://bostonreview.net/class-inequality/marshall-steinbaum-why-are-economists-giving-piketty-cold-shoulder
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
Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and a Senior Fellow of Higher Education Finance at the Jain Family Institute. He studies market power in labor markets and its policy implications.
Twitter: @Econ_Marshall
Saru Jayaraman is President of One Fair Wage and Director of the Food Labor Research Center at UC Berkeley.
Twitter: @SaruJayaraman
No, Productivity Does Not Explain Income: https://evonomics.com/no-productivity-does-not-explain-income/
ROC United Diners’ Guide App: https://rocunited.org/diners-guide/
Saru Jayaraman: How Restaurant Workers Are Inheriting a Legacy of Slavery in the U.S.: https://bioneers.org/saru-jayaraman-restaurant-workers-inheriting-legacy-slavery-u-s-ztvz1712/
Evidence and Analysis of Monopsony Power, Including But Not Limited To, In Labor Markets: https://www.ftc.gov/system/files/documents/public_comments/2018/08/ftc-2018-0054-d-0006-151013.pdf
Antitrust and Labor Market Power: https://econfip.org/wp-content/uploads/2019/05/Antitrust-and-Labor-Market-Power.pdf
Why Are Economists Giving Piketty the Cold Shoulder?
http://bostonreview.net/class-inequality/marshall-steinbaum-why-are-economists-giving-piketty-cold-shoulder
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
Released:
Feb 16, 2021
Format:
Podcast episode
Titles in the series (100)
Author Interview: Chris Arnade by Pitchfork Economics with Nick Hanauer