7/3/2023 0 Comments Suresh naidu textlab![]() ![]() Give our listeners a preview of that piece in your argument. You’ve written a lot about labor markets, and you have a recent piece out where you talked about forced labor in the context of what we’re now calling essential workers. ![]() I work basically on the history of labor markets from American slavery to Amazon Mechanical Turk, just some type of the market now.Ĭovered some good ground there. Should plug my forthcoming book, a book I’m working on on historical labor markets. I’m a professor of Economics and Public Affairs at Columbia University. I could see both sides of it, of course, but it’ll be really fun to talk to Suresh about his perspective on all of this. What’s even darker than that is it not only weren’t these folks being compensated for the extra risk they were taking by going to work during a deadly pandemic, they could have their unemployment benefits taken away if they stayed home. ![]() These people were not seeing hazard pay in this economy. … where it turns out that these essential workers are largely low-wage workers, so workers in the bottom half of the distribution. Right, which came to the forefront during this pandemic. He’s a bunch of cool new writing in particular around what do you call as forced labor, the forced labor of so-called essential workers. He’s been writing about labor markets for a long time and thinking about them. We get to talk to this really incredibly talented young economist Suresh Naidu out of Columbia University, who’s one of the bright lights in that field. We’re seeking to that theme on this week’s podcast, too. … the massive accumulation of both legal, political and economic power at the top that defines American life today. So Nick, I think there’s been a theme, an inadvertent theme to our podcast the past few weeks. I’m David Goldstein, senior fellow at Civic Ventures. I’m Nick Hanauer, founder of Civic Ventures. So you can’t go to your employer and say, “Hey, if you don’t give me a raise, I’m going to quit.” Because the employer knows that there’s no place for you to go, so it’s that sense of having no other options but to work that you were forced labor.įrom the offices of Civic Ventures in downtown Seattle, this is Pitchfork Economics with Nick Hanauer, where we explore everything they forgot to teach you in Econ 101. It’s just that the pandemic made it even clearer. The bottom dropped out of the labor market for low and middle income workers a long time ago. ‘Essential’ workers are just forced laborers: Twitter: us some love by leaving a rating or a review! /pitchforkeconomics Suresh Naidu is a professor of economics and international and public affairs at Columbia University as well as a fellow at the Roosevelt Institute, external faculty at the Santa Fe Institute, and a research fellow at the National Bureau of Economic Research. This week, labor market economist Suresh Naidu explains how his field attempts to account for the influence of power while studying employee/employer relationships, and unveils the hidden tricks of the coercive labor market. ![]()
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