‘Care Is Baked Into a Healthy, Functioning Economy’: Economists Lenore Palladino and Rakeen Mabud on How to Advance Economic Justice

The experts and Ms. contributors assessed the state of the U.S. care crisis and women’s economic inequality in the latest episode of the Ms. podcast Looking Back, Moving Forward—and broke down why investing in women and care workers is good policy. 

Lenore Palladino (left), an assistant professor in the School of Public Policy and the Department of Economics at UMass Amherst; and Rakeen Mabud, an independent economic consultant and former chief economist and managing director of policy and research at the Groundwork Collaborative and senior director of research and strategy at the TIME’S UP Foundation. (Washington Center for Equitable Growth and the Century Foundation)

“It’s time for the nation to act on a fundamental truth,” economists Lenore Palladino and Rakeen Mabud wrote in the Spring 2021 issue of Ms. “Our economy and society are stronger when all people can live lives of stability and dignity.” 

At the time, the COVID-19 pandemic had exposed the longstanding care crisis in the U.S., and wreaked havoc on women’s economic lives. Unfortunately, the weight of the care crisis has yet to be acknowledged in the way it deserves by the people in power—and women continue to suffer because of it. 

Palladino, an assistant professor in the School of Public Policy and the Department of Economics at UMass Amherst, and Mabud, an independent economic consultant, have spent their careers addressing economics at the intersections of gender, race and class. Palladino, before joining UMass, was senior economist and policy counsel at the Roosevelt Institute and vice president for advocacy at Demos; Mabud is the former chief economist and managing director of policy and research at the Groundwork Collaborative and senior director of research and strategy at the TIME’S UP Foundation, and served in the Obama administration Office of Economic Policy at the U.S. Department of the Treasury

As part of the third episode of the Ms. Studios podcast Looking Back, Moving Forward, I talked to Palladino and Mabud, about the factors that created the care crisis, what has and hasn’t changed since the pandemic, and what we have to do now to advance economic injustice in a time of widespread economic challenges.