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The future of inequality

The future of inequality

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 Sociologist David Grusky argues that all the usual debilitating debates about inequality can be sidestepped if we focus on the worst forms – those rooted in cronyism, racism, and nepotism – that everyone can agree are nothing more than a pernicious transfer of income or wealth from the powerless to the powerful. To fight this “worst form” of inequality, Grusky shows how powerful interventions can be identified with new quasi-experimental methods, including those that use naturally occurring or AI-generated doppelgangers instead of very expensive randomized controlled trials. “We’re leaving a lot of talent on the table. And the cost is profound,” Grusky tells host Russ Altman about the price of inequality on this episode of Stanford Engineering’s The Future of Everything podcast.Have a question for Russ? Send it our way in writing or via voice memo, and it might be featured on an upcoming episode. Please introduce yourself, let us know where you're listening from, and share your question. You can send questions to thefutureofeverything@stanford.edu.Episode Reference Links:Stanford Profile: David GruskyConnect With Us:Episode Transcripts >>> The Future of Everything WebsiteConnect with Russ >>> Threads / Bluesky / MastodonConnect with School of Engineering >>> Twitter/X / Instagram / LinkedIn / FacebookChapters:(00:00:00) IntroductionRuss Altman introduces guest David Grusky, a professor of sociology at Stanford University.(00:02:57) Studying InequalityDavid explains his motivation for studying inequality.(00:03:44) What Is Good Inequality?How productive contributions create justifiable inequalities in income.(00:04:48) Example of Bad InequalityWhen legitimate productivity becomes mixed with exploitation(00:07:22) Widespread Nature of Bad InequalityDifferent groups within society who benefit from bad inequality.(00:10:58) The Birth Lottery ProblemHow the circumstances of birth create hidden advantages.(00:13:15) Status & Social Class InequalityWhether prestige and non-financial rewards intersect with inequality.(00:14:52) Good Jobs vs. Bad JobsWhat constitutes a good job in an era of rapid technological change.(00:16:20) The Limits of Progressive TaxationWhy progressive taxation fails to distinguish between inequalities.(00:21:01) Predistribution SolutionsPreventing bad inequality before it occurs with institutional reform.(00:24:31) Reform ChallengesHow entrenched interests and weak evaluation block reform progress.(00:25:54) Inequality Research ToolsQuasi-experimental methods that evaluate inequality interventions.(00:28:39) AI Clones for Policy TestingUsing large language models to simulate individuals and test policy ideas.(00:33:55) Conclusion Connect With Us:Episode Transcripts >>> The Future of Everything WebsiteConnect with Russ >>> Threads / Bluesky / MastodonConnect with School of Engineering >>>Twitter/X / Instagram / LinkedIn / Facebook
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