Pitchfork Economics with Nick Hanauer

What happens when the economic data says one thing, but people’s lives say another? This week, Nick and Goldy talk to Matt Stoller about what he calls a “Boomcession”—the disconnect between headline economic indicators and how the economy actually feels for most people. They go straight at the disconnect: why the numbers say everything’s fine… and people say otherwise. If the economy is supposed to work for people, why do so many people feel like it isn’t? Matt Stoller is the research director at the American Economic Liberties Project and author of Goliath: The 100-Year War Between Monopoly Power and Democracy. He writes the Substack newsletter BIG, focused on monopoly power, corporate concentration, and political economy. Social Media: @matthewstoller.bsky.social @matthewstoller Further reading: The Boomcession: Why Americans Hate What Looks Like an Economic Boom Goliath: The 100-Year War Between Monopoly Power and Democracy Organized Money Podcast Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

Over the last 50 years, nearly $79 trillion that could have gone to the bottom 90%…didn’t. Where did it go—and what did that cost you? Nick and Goldy are joined by Carter Price, senior mathematician at the RAND Corporation, to break down how rising inequality reshaped wages, growth, and even the federal budget—and why the economy feels so disconnected from everyday life. Because this isn’t just about who got richer. It’s about what everyone else lost. Carter Price is a Senior Mathematician at the RAND Corporation and Professor of Policy Analysis at the RAND School of Public Policy Social Media: @CarterCPrice Further reading: Measuring the Income Gap from 1975 to 2023 RAND Budget Model: Groundbreaking insights into the everyday impacts of federal policy Unlocking the Tax Code with RAND's Tax Code Analysis Tool Preliminary Strategies for Reducing the Burden of Federal Debt Impacts of the Retirement Savings for Americans Act Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

What Is Swiftynomics—and Why Does It Matter? Taylor Swift didn’t just break records—she broke the way economists think about the economy. Because if one artist can reshape entire cities overnight, what else are we missing? This week, economist Misty Heggeness uses the “Swift effect” to expose a bigger problem: the models we rely on weren’t built to see women’s power, unpaid care, or culture as real economic forces. What would change about our economy if we actually counted women’s work—and treated culture as real economic power? Misty Heggeness is an economist and the author of Swiftynomics: How Women Mastermind and Redefine Our Economy, which uses Taylor Swift and broader pop culture as a lens for examining women’s economic power, labor markets, and the persistent blind spots in mainstream economic thinking. Social Media: mlheggeness @m_heggeness Further reading: Swiftynomics: How Women Mastermind and Redefine Our Economy Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

The price you see online might not be the real price. A new investigation found that Instacart was quietly running pricing experiments—charging different customers different prices for the same groceries at the same time. This week, Paul and Goldy talk with Groundwork Collaborative Executive Director Lindsay Owens about how companies are using AI and massive data sets to run experiments on consumers—testing exactly how much each of us is willing to pay. And if every shopper sees a different price, one big question follows: Do markets still work the way economists say they do? Lindsay Owens is the Executive Director of the economic think tank Groundwork Collaborative and author of the forthcoming book, GOUGED: The End of a Fair Price in America. Further Reading: Same Cart, Different Price: Instacart’s Price Experiments Cost Families at Checkout We Had 400 People Shop For Groceries. What We Found Will Shock You. Gouged: The End of a Fair Price--and What That Means for Your Wallet Social Media: BlueSky: @lindsayowens.bsky.social Instagram: @lindsayowensphd TikTok: @lindsayowensphd Twitter: @owenslindsay1 BlueSky: @groundwork.bsky.social Twitter: @Groundwork Organizations developing policy on surveillence pricing: American Economic Liberties Project Economic Security Project Tech Equity Consumer Reports More Perfect Union Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: ⁠Pitchfork Economics⁠ Twitter: @PitchforkEcon, @NickHanauer Substack: The Pitch

Economic debates often focus on poverty — how to raise wages, strengthen safety nets, and ensure people don’t fall too far behind. But what if fairness also requires asking a different question: how much wealth is too much? This week, we’re resharing our conversation with ethics professor Ingrid Robeyns about her idea of limitarianism — the argument that societies should place moral limits on extreme wealth accumulation. Rather than starting with policy prescriptions, Robeyns asks a deeper question about justice, democracy, and what kind of economy we want to live in. As inequality continues to dominate public debate, this conversation invites listeners to reconsider something we rarely question: not just how to lift people up, but whether an economy without limits at the top can truly work for everyone. 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. Social Media: @ingridrobeyns.bsky.social @IngridRobeyns Further reading: Limitarianism: The Case Against Extreme Wealth Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

Every wave of new technology has come with the same promise: productivity rises, and everyone benefits. That’s not how it usually plays out. This week, we’re resharing our conversation with MIT economist David Autor, one of the world’s leading experts on how technological change reshapes labor markets. Autor challenges the familiar story that innovation inevitably destroys good jobs, arguing instead that AI could expand human expertise and help rebuild pathways into the middle class — if the gains are broadly shared. As companies race to adopt AI and workers wonder what comes next, this episode offers a clearer way to think about the future of work: technology doesn’t determine economic outcomes. The rules we build around it do. David Autor is a labor economist and professor of economics at the Massachusetts Institute of Technology who studies how technological change and globalization affect workers. He is also co-director of the MIT Shaping the Future of Work Initiative and the National Bureau of Economic Research Labor Studies Program. Social Media: @davidautor.bsky.social @davidautor Further reading: NOEMA - AI Could Actually Help Rebuild The Middle Class New York Times - How One Tech Skeptic Decided A.I. Might Benefit the Middle Class Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

If you could order a presidential administration to do one specific thing to improve the lives of working people — what would it be? At Democracy Journal’s recent conference in Washington, DC, Nick and Goldy heard some of the country’s leading economic thinkers take their best shot at that magic-wand question: one idea, three minutes, no BS. The result is a rapid-fire lineup of bold proposals — from fixing Social Security and raising wages to reclaiming time, strengthening unions, and rethinking what “affordability” really means. This week, we’re sharing some of our favorites with you. This episode is a quick policy lightning round packed with big ideas, sharp arguments, and plenty to discuss. Elizabeth Garlow is a Senior Fellow at New America focused on economic policy and the future of work, with research centered on time, caregiving, and policies that improve everyday economic security. Jim Kessler is the Executive Vice President for Policy at Third Way, where he works on economic reforms aimed at expanding wealth-building opportunities and retirement security for working families. Thea Lee is a visiting fellow at American University and a longtime labor economist specializing in worker rights, trade policy, and labor standards in global supply chains. Heidi Shierholtz is president of the Economic Policy Institute, where she focuses on wage growth, labor markets, and policies that strengthen workers’ bargaining power and reduce inequality. Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

Can we build an economy that delivers abundance without abandoning democratic accountability and economic equity? Recorded live at Democracy Journal’s “Can’t We All Just Get Along?” conference, this episode features a wide-ranging panel discussion on one of the most consequential debates shaping today’s political economy: whether abundance and social democracy are in tension—or whether they’re mutually reinforcing. Moderated by Ed Luce of the Financial Times, the panel brings together Baillee Brown (Inclusive Abundance), Jerusalem Demsas (The Argument), Mike Konczal (Economic Security Project), and Sandeep Vaheesan (Open Markets Institute) to wrestle with what it actually takes to deliver housing, clean energy, and public goods at scale—without ceding power to concentrated markets or hollowing out democratic governance. At a moment of deep political discontent and institutional distrust, this conversation helps clarify the real choices facing policymakers—and why getting this balance right is essential to rebuilding public faith in government. Ed Luce (moderator) is the U.S. national editor and a columnist at the Financial Times, where he writes on American politics, democracy, and global political economy. Baillee Brown (panelist) is a policy advocate and the founder of Inclusive Abundance, where she works with lawmakers to advance a pro-building, outcomes-focused approach to delivering housing, clean energy, and public goods. Jerusalem Demsas (panelist) is founder and Editor in Chief of The Argument a publication and podcast covering housing, economic policy, and the politics of affordability. Mike Konczal (panelist) is the Senior Director of Policy and Research at the Economic Security Project, where he focuses on inequality, housing, industrial policy, and the political economy of growth. Sandeep Vaheesan (panelist) is the legal director at the Open Markets Institute and a leading voice on antitrust, corporate power, and the role of public authority in building a more equitable economy. Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠