The Future of Everything

The future of inequality


Listen Later

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 [email protected].

Episode Reference Links:

  • Stanford Profile: David Grusky

Connect With Us:

  • Episode Transcripts >>> The Future of Everything Website
  • Connect with Russ >>> Threads / Bluesky / Mastodon
  • Connect with School of Engineering >>> Twitter/X / Instagram / LinkedIn / Facebook

Chapters:

(00:00:00) Introduction

Russ Altman introduces guest David Grusky, a professor of sociology at Stanford University.

(00:02:57) Studying Inequality

David 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 Inequality

When legitimate productivity becomes mixed with exploitation

(00:07:22) Widespread Nature of Bad Inequality

Different groups within society who benefit from bad inequality.

(00:10:58) The Birth Lottery Problem

How the circumstances of birth create hidden advantages.

(00:13:15) Status & Social Class Inequality

Whether prestige and non-financial rewards intersect with inequality.

(00:14:52) Good Jobs vs. Bad Jobs

What constitutes a good job in an era of rapid technological change.

(00:16:20) The Limits of Progressive Taxation

Why progressive taxation fails to distinguish between inequalities.

(00:21:01) Predistribution Solutions

Preventing bad inequality before it occurs with institutional reform.

(00:24:31) Reform Challenges

How entrenched interests and weak evaluation block reform progress.

(00:25:54) Inequality Research Tools

Quasi-experimental methods that evaluate inequality interventions.

(00:28:39) AI Clones for Policy Testing

Using large language models to simulate individuals and test policy ideas.

(00:33:55) Conclusion

Connect With Us:

Episode Transcripts >>> The Future of Everything Website

Connect with Russ >>> Threads / Bluesky / Mastodon

Connect with School of Engineering >>>Twitter/X / Instagram / LinkedIn / Facebook


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

...more
View all episodesView all episodes
Download on the App Store

The Future of EverythingBy Stanford Engineering

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

146 ratings


More shows like The Future of Everything

View all
Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,246 Listeners

Marketplace Tech by Marketplace

Marketplace Tech

1,290 Listeners

WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,713 Listeners

WSJ Tech News Briefing by The Wall Street Journal

WSJ Tech News Briefing

1,649 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,105 Listeners

TED Tech by TED Tech

TED Tech

405 Listeners

NVIDIA AI Podcast by NVIDIA

NVIDIA AI Podcast

343 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,992 Listeners

Bold Names by The Wall Street Journal

Bold Names

1,448 Listeners

The Indicator from Planet Money by NPR

The Indicator from Planet Money

9,556 Listeners

Stanford Legal by Stanford Law School

Stanford Legal

44 Listeners

Big Technology Podcast by Alex Kantrowitz

Big Technology Podcast

512 Listeners

MIT Technology Review Narrated by MIT Technology Review

MIT Technology Review Narrated

263 Listeners

Bloomberg Tech by Bloomberg

Bloomberg Tech

69 Listeners

The AI Daily Brief: Artificial Intelligence News and Analysis by Nathaniel Whittemore

The AI Daily Brief: Artificial Intelligence News and Analysis

688 Listeners

WSJ's Take On the Week by The Wall Street Journal

WSJ's Take On the Week

150 Listeners