The case for inclusive growth (with JP Julien)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 9 May 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

At the core of middle-out economics is the idea that the more people we include in the economy, the faster and more prosperous it grows. And this inclusionary principle isn’t something we just made up—there’s actual data to support it. Our conversation with JP Julien from McKinsey and Company outlines what inclusion can mean in the context of an economy that works for everyone. This episode originally aired on July 6, 2021. JP Julien is a Partner at McKinsey & Company, where he serves US federal, state, and city governments on inclusive economic-development topics and supports private-, public-, and social-sector organizations in advancing racial equity. He is a leader of the McKinsey Institute for Black Economic Mobility, a global economic think tank focused on inclusive economic development and racial equity topics. Twitter: @McKinsey The case for inclusive growth: https://www.mckinsey.com/industries/public-and-social-sector/our-insights/the-case-for-inclusive-growth Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	At the core of middle-out economics is the idea that the more people we include in the economy,
0:06.0	the faster and more prosperous rose. And it turns out that this inclusionary principle
0:12.0	is not just something we made up here at Civic Ventures. Way back in July of 2021,
0:18.7	we talked with JP Julian from the Global Management Consulting firm McKinsey & Company
0:25.1	about research they did that provided empirical support for the theories around inclusive growth.
0:32.3	So what does inclusion mean in the context of a middle-out economy that works for everyone?
0:37.8	Listen to this episode and find out! And if you enjoy listening to Pitchwork Economics every week,
0:44.0	please be sure to follow or subscribe to the show and please leave us a five-star rating
0:49.8	or review on Apple or Spotify or wherever you get your podcasts.
0:56.9	The more people we fully include in the economy, the faster and more prosperous it grows,
1:02.2	inclusion and economic growth not only are in contradiction but may actually go together.
1:10.8	Growth is actually at its best when it's most inclusive and the more you're able to
1:15.2	meaningfully engage and participate as workers, entrepreneurs, consumers, etc.
1:20.4	You end up with an economy that is stronger and more resilient.
1:27.7	From the home offices of Civic Ventures in downtown Seattle, this is Pitchwork Economics
1:32.8	with Nick Hanauer, the best place to get the truth about who gets what and why.
1:37.8	I'm Nick Hanauer, founder of Civic Ventures.
1:46.9	I'm David Goldstein, senior fellow at Civic Ventures.
1:55.1	One of the themes of this podcast from the very first episode is that inclusion drives growth,
2:03.0	that the more people we fully include in the economy, from every race and region and gender
2:09.9	and background in every capacity as entrepreneurs and innovators and workers and well-paid consumers,
2:18.4	the more people we fully include in the economy, the faster and more prosperous it grows,
	...

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