What Else to Read

Yesterday, Matthew Yglesias reminded us why manufacturing jobs from the last century were considered "good jobs":

At the end of the day, there's nothing inherently "good" about a job on an assembly line building cars or refrigerators or what have you. . . .

What made the old economy's good jobs good is basically that the people who had them were in unions that had a reasonable amount of bargaining power vis-à-vis employers. That resulted in pretty good wages, pretty stable employment, pretty decent benefits, and, generally speaking, a good job.

He went on to talk about how that relates to the "new economy" and globalization. It's worth a look.