Optimist Economy

• Q&A Part 1: Tax Philosophy, Liberal vs. Conservative Economists, Marriage vs. Poverty and More

  In the first of two mailbag episodes, economist Kathryn Edwards answers questions from optimist listeners on taxation on wages vs. investments, whether student loans are regressive, how bona fide economists wind up on opposite sides of policy debates, and what it really means when a Montana Congressman calls the CBO “historically wrong.” Yeah, this episode has a long title. But there was a lot of talking. And that’s why Part 2 is coming in a few days.Support the Optimist Economy podcast by becoming a paid subscriber on Substack, or donating at https://buymeacoffee.com/optimisteconomy

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• A Million Reasons to Raise the Minimum Wage

  The federal minimum wage of $7.25 an hour hasn’t been raised since the era of flip phones. Competing bills introduced in Congress recently would set it at $15 or $17. Is that high enough, and how can we ensure it doesn’t fall so far behind again? Minimum wage debates are dominated by worry about anticipated harms to some businesses, but ignore the proven positive effects for American workers — like narrowing Black-White wage gaps. And most importantly for our resident economist Kathryn Edwards, she gets to revisit her favorite but flawed piece of legislation, the 1938 Fair Labor Standards Act.Support the Optimist Economy podcast by becoming a paid subscriber on Substack, or donating at https://buymeacoffee.com/optimisteconomyComplete show notes with links to articles and data at optimisteconomy.com.

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• Collective Bargaining Without the Unionization Battles

  Labor unions’ public approval has been increasing since 2009, and is now at levels not seen since the 1960s. And yet rates of union membership have been falling. Today just 10% of U.S. workers are represented by a union, and below 6% in the private sector. What if there were a less adversarial way to get the worker-protection aspects of unions without the brutal shop-by-shop campaigns? Enter “sectoral bargaining,” where boards with worker, employer, and government representatives hash out wages and working conditions for occupational groups. Think all fast food workers, janitorial staff, or health care providers. Support the Optimist Economy podcast by becoming a paid subscriber on Substack, or donating at https://buymeacoffee.com/optimisteconomyComplete show notes with links to articles and data at optimisteconomy.com.You can also find Optimist Economy on:TikTokYouTubeInstagram

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• The Tax We’re 99.93% Sure That You Will Never Pay

  The Estate Tax is one that half of Americans worry about, but that affects only the richest 0.07% after they die. For nearly 25 years, the U.S. has – through loopholes and ballooning exemptions – undercut a tax that could pay for some nice things, like maybe a children’s trust fund. If we chose to just dent more big inheritances, it’d also reduce the concentration of wealth and power. In this episode, economist Kathryn Edwards gets to go way, way back to the Gilded Age and editor Robin Rauzi still loves a tax story, so the topic is a win-win as far as we are concerned.Support the Optimist Economy podcast by becoming a paid subscriber on Substack, or donating at https://buymeacoffee.com/optimisteconomyComplete show notes with links to articles and data at optimisteconomy.com.You can also find Optimist Economy on:TikTokYouTubeInstagram

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• About That College Grad Who Can’t Find a Job…

  Newly minted college graduates are having a harder time landing that first job than in recent years. Is it AI? Is college useless? Is it a crisis? (No. No. And not yet.) College graduates under 27 still have much lower unemployment rates (5.8%) than their high-school-diploma peers (6.9%). What economist Kathryn Edwards finds worrying is that these new workers, who are typically a lagging economic indicator, may in this case be a bellwether of a weakening economy.Support the Optimist Economy podcast by becoming a paid subscriber on Substack, or donating at https://buymeacoffee.com/optimisteconomyComplete show notes with links to articles and data at optimisteconomy.com.You can also find Optimist Economy on:TikTokYouTubeInstagram

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