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How inequality cost workers $50 trillion (with Carter Price)

How inequality cost workers $50 trillion (with Carter Price)

FromPitchfork Economics with Nick Hanauer


How inequality cost workers $50 trillion (with Carter Price)

FromPitchfork Economics with Nick Hanauer

ratings:
Length:
36 minutes
Released:
Aug 16, 2022
Format:
Podcast episode

Description

Did you know that since 1975 a staggering $50 trillion has been diverted from the paychecks of working Americans to the pockets of the wealthiest 1%? That shocking number was discovered in a groundbreaking study done by the RAND Corporation that finally put a price tag on the massive inequality we’ve seen in America over the last 40 years.

This episode was originally released in September 2020.

Carter C. Price is a senior mathematician at the RAND Corporation.

Twitter: @CarterCPrice

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% – And That’s Made the U.S. Less Secure: https://time.com/5888024/50-trillion-income-inequality-america/

“We were shocked”: RAND study uncovers massive income shift to the top 1%: https://www.fastcompany.com/90550015/we-were-shocked-rand-study-uncovers-massive-income-shift-to-the-top-1
Website: https://pitchforkeconomics.com/
Twitter: @PitchforkEcon
Instagram: @pitchforkeconomics
Nick’s twitter: @NickHanauer
Released:
Aug 16, 2022
Format:
Podcast episode

Titles in the series (100)

Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don’t do something about rising inequality, the pitchforks are coming.