Evil Geniuses by Kurt Andersen

Author:Kurt Andersen [Andersen, Kurt]
Language: eng
Format: epub
Publisher: Random House Publishing Group
Published: 2020-08-11T00:00:00+00:00

In fact, it began a cascading increase in job insecurity throughout the U.S. economy that wasn’t at all difficult to see and feel and measure.

*1 We entered a similar productivity slough after the Great Recession, which seemed to be ending just before the 2020 recession.

*2 After a dozen years, the Clinton administration lifted that ban on federal employment.

*3 Because the unionization of government workers only happened in the 1960s and ’70s, just before the right started its full-bore campaign to turn back time and diminish workers’ power, more than a third of public-sector employees were in unions by 1980, and they still are.

*4 Because it was Harvard, protests and ambient liberalism and an endowment of $18 billion in 2002 persuaded its president—Larry Summers, who’d just served as Clinton’s secretary of the treasury—to start paying those service workers good wages after a generation of stiffing them.

*5 He’s the son of the influential, idiosyncratically conservative University of Chicago law professor, antitrust expert, and former federal judge Richard Posner, who helped transform antitrust and other economic law to help business.

*6 Economists’ term for markets where there’s just one overwhelmingly dominant buyer of labor (or anything else) is a monopsony.

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