Reinvent Podcast

Future of Work: Determining Bargaining Power in the Platform Economy


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Brad DeLong, UC Berkeley Economics Professor  says our political system has been hacked by time, circumstance, chaos, and disaster. He pointed to the failings of the electoral college, the fact that “small states hacked the constitution in 1787, so we now have a world in which the minority in the Senate represents 175 million people, while the majority represents 145 million people”, and the gerrymandering after the 2010 census as the primary examples of this dysfunction. DeLong’s recommended fixes for the economy include a 4 percent inflation target from the Federal Reserve, incentivizing businesses to invest in workers, and reinvigorating the idea that technology should be used to augment workers, not replace them.
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