December 31, 2020· 35 min

This Is How Prejudice Can Hinder the Economy

Paul Donovan

Orality

Model

57%

Mixed oral/literate (blogs, casual essays)

Speaker Breakdown

HostJoe Weisenthal(1,090 words)

M:28%

HostTracy Alloway(1,180 words)

M:29%

GuestPaul Donovan(3,207 words)

M:26%

Oral Indicators

Agonistic41%

literally, completely, massive

Engagement68%

you, our, your

Memory Aids100%

listen, now, so

Repetition100%

like (44x), your (43x), think (42x)

Parallelism100%

And I'm Joe Weisenthal...., So, Joe, I think at this point..., And one of those trends is som...

Sound Patterns40%

25 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases6%

you know what, i mean

Literate Indicators

Hedging14%

perhaps, could, probably

Passive Voice9%

be applied, was written, being destroyed

Abstract Nouns33%

investment, recommendation, criticism

Subordination11%

because, since, while

Sentence Length44%

Avg: 15.9 words/sentence

Word Complexity52%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style32%

430 personal pronouns found

Descriptive Style98%

literally, completely, really

Description

Economics is all about improving living standards, but rarely does the dismal science deal with social justice or talk about how a lack of it could actually hinder growth. In this episode, UBS Global Chief Economist Paul Donovan discusses how prejudice and labor markets are intertwined, and why discrimination can restrict development. Donovan describes how historical technological advances have often increased racism, sexism and other forms of prejudice as people sought out scapegoats to blame for lost jobs and wealth. He also describes how the current 'fourth industrial revolution' is fomenting more blame, and what economists can do about it. Odd Lots listeners are eligible for a 25% discount on the hardback or eBook edition of Paul Donovan’s new book, Profit and Prejudice: The Luddites of the Fourth Industrial Revolution, via the Routledge website by using the offer code “OL25” at checkout. See omnystudio.com/listener for privacy information.

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