Inequality is costing workers $50 trillion (with Carter Price)

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Yesterday, a groundbreaking study by the RAND Corporation put the first-ever price tag on how much income inequality costs American workers. The bill? $50 trillion. You read that right: $50 trillion has been diverted from working Americans to the wealthiest 1% since 1975. To make sense of this staggering number, Nick and Goldy are joined by mathematician Carter Price, the study’s co-author.

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

Twitter: @CarterCPrice

If you like the show, please consider leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics

Further reading:

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: http://pitchforkeconomics.com/

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

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