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Marshall Steinbaum 🔥 Profile picture
@Econ_Marshall
Jun 14 • 4 tweets • 5 min read Twitter logo Read on Twitter
I was very happy to join @NickHanauer and @GoldyHA on this episode of @PitchforkEcon to discuss the franchising business model, orthodox IO economics' love of vertical restraints, and the roots of @EconUofU in the 40s Red Scare.
pitchforkeconomics.com/episode/how-th…
@NickHanauer @GoldyHA @PitchforkEcon @EconUofU A lot of people's great work went into this & is cited: @brian_callaci @profsheena @sanjuktampaul @Neil_Irwin @sergiotpinto + the Minnesota ban on franchise no-poaches, whose author as far as I'm concerned is @aaronsojourner
I apologize for thinking the Whopper is sold at McDonalds (thus showing that they don't have strong enough intellectual property protections and so all VRs are and should be legal, #actually) and that the COVID pandemic began in February 2019 (I'm not a COVID truther).
also forgot to cite @lydiadepillis (in this thread, though I did on the podcast ep). She wrote a great piece on the effect of franchising VRs on worker pay way back in her Washington Post days: washingtonpost.com/news/storyline…

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More from @Econ_Marshall

Marshall Steinbaum 🔥 Profile picture
Jun 15
I'll take this opportunity to vent a little political spleen in a separate thread.

1. I've heard political people say that the Dems shouldn't prioritize student debt because that alienates blue collar workers, and don't we all know it's a big problem they've left the party.
First of all, plenty of blue collar workers have student debt. Remember how the neolibs told us to defund public colleges b/c "a college degree pays off" and so any amount of student debt can easily be repaid? State legislators heard that loud and clear.
Hence all sorts of professional credentials require student debt, whereas once you'd be able to pick up a certificate virtually for free at a community college. Thanks, Obama.
Read 12 tweets
Marshall Steinbaum 🔥 Profile picture
Jun 15
Very glad to have coauthored this @jainfamilyinst report "The Repayment Pause and the Continuing Crisis of Non-repayment" with my colleagues @laura_bmw, @sergiotpinto, & @Edi_Nilaj
jainfamilyinstitute.org/the-repayment-…
/1
@jainfamilyinst @laura_bmw @sergiotpinto @Edi_Nilaj We find
--The repayment pause actually caused more student debt to be repaid than would have been the case in its absence.
--The distributional effect is egalitarian on the basis of race & gender
--Borrowers whose payments were paused enjoyed greater financial wellbeing.
/2
... in the form of increased first-time home-buying, higher credit scores, reduced medical debt, and lower delinquency rates.
--Once the apparatus of repayment is turned back on, all these gains are likely to be reversed.

/3
Read 17 tweets
Marshall Steinbaum 🔥 Profile picture
Feb 23
Alright, there's something that needs to be addressed: the flagrant dissemination of misleading anti-small-business agitprop on the latest episode of @MichaelandUs, covering the movie "Empire Records."
/1
@MichaelandUs 1. @meagankday read from one of Bruenig's @jacobin articles arguing that the large firm pay premium means small businesses are more exploitative than large businesses. This well-trodden argument is false & misleading for several reasons....
/2
First, the large firm pay premium is in decline, and has in fact been reversed in retail (meaning smaller employers pay more than larger ones), an elephant in the room, to say the least.
/3
Read 16 tweets

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