Ms monopoly 2408/12/2023 ![]() Sara Blakely's is the ultimate story of entrepreneurship. VANEK SMITH: Modern Shapewear - OK - Sara Blakely, 2000. That people used to escape burning buildings? I think this is being facetious, people. Before Anna Connelly's fire escape bridge, people had to parachute or repel from burning buildings. GARCIA: Five, so invention - fire escape, Anna Connelly, 1887. I'm going to try to go against that and invest in the chocolate chip cookies. GIMBEL: Well, and given there is data that women don't, quote-unquote, "invest enough in the stock market," which is a whole other topic of discussion. VANEK SMITH: But now we are to our $400 question, which is do you want to buy the Chocolate Chip Cookie property, which appears to be one of the more lucrative ones on the map? Today, the global cookie market is a multibillion-dollar industry, and chocolate chip cookies are an icon. GIMBEL: Ruth Wakefield in 1930 invented chocolate chip cookies by accident when the chocolate she used in her chocolate cookies didn't melt enough. VANEK SMITH: And you can decide if you want to buy the property. VANEK SMITH: Oh, I think this is like - I think this is like Park Place. GIMBEL: Oh, I am having so many emotions right now. Sometimes the only answer to a bad day is a bowl of cookie dough. GIMBEL: All right, let's see how this goes. VANEK SMITH: Martha, as our guest of honor, please go first. GIMBEL: Yeah, that's because the actual gender pay gap is, like, 20ish percent. VANEK SMITH: I think that's actually pretty close to the actual gender pay gap. OK, let's figure out what the starting gender pay gap is. GARCIA: Should we figure out what the starting gender pay gap is? MARTHA GIMBEL: But have you controlled for differences in occupation in the industry, Cardiff? GARCIA: Thirty-three percent pay gap, right? You're always very good about that stuff. VANEK SMITH: You did know what you were signing up for. GARCIA: Hey, I knew what I was signing up for here. Apparently, men and women get a little bit different amount of money. VANEK SMITH: So first, we have to divide up the money. We learn about some economic issues women face, some of the things that women have invented and why I will never look at fire escapes or chocolate chip cookies the same way again. So we invited over one of our favorite economists, Martha Gimbel - she's on the show on Jobs Fridays very frequently - to play along with us. Apparently, women invented both of those things. VANEK SMITH: It also says on the box, without women, we wouldn't have Wi-Fi or chocolate chip cookies. VANEK SMITH: And there's this kind of cute, hip-looking woman on the box. VANEK SMITH: And a lot of these issues are very close to our hearts here at THE INDICATOR, so we ordered a copy of Ms. Monopoly was that it would address the particular issues that women face in the economy, so things like the gender pay gap, and it would celebrate female entrepreneurs by replacing all of the properties, like Park Place or Baltic Avenue, with products that had been invented by women. GARCIA: Yeah, but then we saw this story about a new version of Monopoly that had just come out called Ms. You know, Monopoly - I have a soft spot for Monopoly. VANEK SMITH: That's my - and I think for a lot of people, definitely for me, it was, like, my first exposure to economic ideas like investing in money management, property ownership. That was not my - my takeaway was buy, buy, buy. ![]() GARCIA: About the evils of land monopolies - right. That was not the lesson that I took away from Monopoly. Ironically, though, it ended up becoming a kind of icon of capitalism. It was supposed to teach people about the evils of land monopolies. And back then, it was called The Landlord's Game. It was originally invented by a woman named Lizzie Magie in the early 1900s. (SOUNDBITE OF DROP ELECTRIC SONG, "WAKING UP TO THE FIRE")
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