Behind the scenes of Nick’s new TED Talk: The dirty secret of capitalism—and a new way forward

09/17/19 • 33 min

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In July, Nick took the stage at TEDSummit in Edinburgh, Scotland to make the case for a new economics that recognizes people, not capital, as the driver of economic growth. The talk, released by TED last week, explains why unchecked greed will inevitably lead to the collapse of society. In this episode, Nick takes us behind the scenes of the making of the speech and shares his hopes for its impact, and TED Business Curator Corey Hajim gives us insight into the making of a TED conference. To hear Nick's full speech, visit the links below.

Video of Nick’s TED Talk: https://www.ted.com/talks/nick_hanauer_the_dirty_secret_of_capitalism_and_a_new_way_forward

Audio of Nick’s talk on the TED Talks Daily podcast: https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5mZWVkYnVybmVyLmNvbS9URURUYWxrc19hdWRpbw&episode=ZW4uYXVkaW8udGFsay50ZWQuY29tOjQ4NTQ1&hl=en&ep=6&at=1568658932671

Twitter: @NickHanauer

Video of Nick’s TED Talk: https://www.ted.com/talks/nick_hanauer_the_dirty_secret_of_capitalism_and_a_new_way_forward

Twitter: @NickHanauer

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Does the market really pay you what you’re worth? (with Marshall Steinbaum and Saru Jayaraman)

The theory of marginal product of labor says that every worker is paid exactly what they’re worth—the value that their labor generates. Employers cite marginal productivity to legitimize paying the lowest wages possible, but it’s just another trickle-down scam. Economist Marshall Steinbaum and food labor expert Saru Jayaraman join us this week to expose the lie of marginal productivity and show how it’s been used to exploit workers for centuries.

Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and a Senior Fellow of Higher Education Finance at the Jain Family Institute. He studies market power in labor markets and its policy implications. He was previously a Senior Economist and Fellow at the Roosevelt Institute, and a Research Economist at the Center for Equitable Growth.

Twitter: @Econ_Marshall

Saru Jayaraman is the Co-Founder and President of the Restaurant Opportunities Centers United (ROC United) and Director of the Food Labor Research Center at the University of California, Berkeley. Saru authored ‘Behind the Kitchen Door’, a national bestseller, and her most recent book is ‘Forked: A New Standard for American Dining.’

Twitter: @SaruJayaraman

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