Anna Stansbury, an assistant professor at MIT's Sloan School of Management, explores class-based inequalities in the US. She emphasizes how family backgrounds can hinder career progression, regardless of educational achievements like a PhD. The discussion delves into how class disparities persist in academia and the stark differences between private and public sector opportunities. Stansbury advocates for more inclusive practices that consider socioeconomic factors, aiming to illuminate the often-invisible class dynamics affecting professional success.

In this discussion, Anna Stansbury, an MIT economist specializing in labor economics, reveals the troubling decline of worker bargaining power and its impact on wage growth. She explains how inflation complicates workers' purchasing power and the long-term reduction of labor's income share. Stansbury advocates for reforms like sectoral bargaining to strengthen unions. She compares U.S. and European labor models, emphasizing the importance of representation and corporate concentration's role in negotiations. It's a deep dive into how to empower today's workforce.

In this enlightening discussion, MIT economist Anna Stansbury, known for her focus on labor economics and wage inequality, dives into the troubling lack of socioeconomic diversity within the economics profession. Stansbury reveals how this homogeneity stifles innovative economic solutions and perpetuates social inequalities. They discuss barriers that marginalized groups face in accessing economics education and the biases of neoliberal frameworks that undermine equitable growth. The conversation emphasizes the pressing need for diverse perspectives to better address the realities of lower-income individuals.