$79 Trillion Worth of Income Inequality
Our own optimist economist Kathryn Anne Edwards worked on a research project several years ago to measure income inequality. Its massive headline number has taken on a life of its own in columns, talking points, memes. We explain how Kathryn and co-author Carter Price managed to answer this question: What would have happened to Americans’ incomes if they’d grown at the same rate as the U.S. economy overall? Spoiler alert: 90% of us would be a lot better off.Read the working paper Kathryn co-wrote in 2020: Trends in Income From 1975 to 2018 and Carter Price’s update going through 2023.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/optimisteconomySupport us and our tireless editors and producers by donating at https://optimisteconomy.comSend your economic questions or executive orders to optimist.economy@gmail.com
We're Back with a Backlog of Optimism
Hey optimists! Season two of Optimist Economy is finally here. New episodes coming on Tuesdays starting January 27. More at www.optimisteconomy.com
What’s the Skinny on Laws that Make Salaries Public?
Listener Max did his grad thesis on pay transparency laws in Colorado and found that they narrowed the gender wage gap by 8 cents on the dollar. But some big-name economists reported that such laws can actually reduce wages. So what’s the deal? Kathryn’s answer during our October Q&A was so overlong and multipart that we jokingly called it, “The Max Show.” So here it is, as a mini-episode. Holiday shopping for the optimists in your life? Check out our shirts and hats at optimisteconomy.com
Thanksgiving Prep: An Optimist’s Guide to Dinner Table Debate
Your drunk uncle calls Social Security a Ponzi scheme. Your crypto-bro cousin thinks tariffs make China pay. Your grandfather blames working women for tanking wage growth. Economist Kathryn Edwards takes on a dozen hostile dinner-table challenges to help optimists everywhere prepare for dinner table debate. Robin plays every annoying relative you've ever argued with. Pass the [expletive] gravy. Ready to rep Optimist Economy with a shirt, hat or tote bag? Hit up our new website and merch store at optimisteconomy.com Take the listener survey first to get a code for a free Original Optimist sticker: https://tinyurl.com/op-econ-survey
Retcon on Season One (+ Executive Orderpalooza)
Optimist Economy got its start almost exactly one year ago with a phone call that began, "Hear me out…" Thirty-two episodes later we ask, “What have we done?” Mostly we conditioned ourselves to keep our eye on the ball – the better U.S. economy and future that are possible – through a lot of very bad news days. In the background, we both moved. Kathryn kept a lot of pregnancy symptoms hidden. We incorporated a nonprofit. And somehow, we managed to drop a new episode every Tuesday. Thanks to all our listeners for being our spiritual sponsors on this journey. Take Our Listener Survey!https://tinyurl.com/op-econ-survey