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Welcome to Crimetown, a series produced by Marc Smerling and Zac Stuart-Pontier in partnership with Gimlet Media. Each season, we investigate the culture of crime in a different city. In Season 2, Crimetown heads to the heart of the Rust Belt: Detroit, Michigan. From its heyday as Motor City to its rebirth as the Brooklyn of the Midwest, Detroit’s history reflects a series of issues that strike at the heart of American identity: race, poverty, policing, loss of industry, the war on drugs, an ...
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3. Supply vs. Demand: Economic Shocks, Entitlements, and the Invisible Population Nicholas Eberstadt Book: Men Without Work (Post-Pandemic Edition)
Eberstadt explores the competing explanations for the ghost army, contrasting his supply-side argument (men holding back labor/unpreparedness) with demand-side views from critics Henry Olsen and Jared Bernstein. Olsen highlights the role of economic shocks and structural changes, like the 1970s stagflation and deindustrialization (the Rust Belt). The role of entitlements is significant, as over half of NILF men receive at least one benefit, often disability payments like SSDI. Regional differences in labor force participation (e.g., high inactivity in West Virginia adjacent to low inactivity in Maryland) mitigate a purely national demand-side case. The source stresses the lack of data on the estimated 25 million ex-convicts, who are an "invisible population" largely untracked by labor statistics.
1929
Eberstadt explores the competing explanations for the ghost army, contrasting his supply-side argument (men holding back labor/unpreparedness) with demand-side views from critics Henry Olsen and Jared Bernstein. Olsen highlights the role of economic shocks and structural changes, like the 1970s stagflation and deindustrialization (the Rust Belt). The role of entitlements is significant, as over half of NILF men receive at least one benefit, often disability payments like SSDI. Regional differences in labor force participation (e.g., high inactivity in West Virginia adjacent to low inactivity in Maryland) mitigate a purely national demand-side case. The source stresses the lack of data on the estimated 25 million ex-convicts, who are an "invisible population" largely untracked by labor statistics.
1929
544 episodes
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