{"id":146,"date":"2010-05-13T17:54:25","date_gmt":"2010-05-13T22:54:25","guid":{"rendered":"http:\/\/gentropy.org\/blogs\/2010\/05\/13\/new-deal-0-0\/"},"modified":"2010-05-13T17:54:29","modified_gmt":"2010-05-13T22:54:29","slug":"new-deal-0-0","status":"publish","type":"post","link":"https:\/\/gentropy.org\/blogs\/2010\/05\/13\/new-deal-0-0\/","title":{"rendered":"New Deal 0.0"},"content":{"rendered":"<p><a href=\"chrome:\/\/sage\/content\/feedsummary.html?uri=http%3A%2F%2Ffeeds.feedburner.com%2FMeganMcardle\">Megan McArdle :: The Atlantic &#8211; Sage<\/a><\/p>\n<blockquote><p><a target=\"_blank\" href=\"http:\/\/www.prospect.org\/cs\/articles?article=work_history\">Harold Meyerson<\/a> makes an argument that will be familiar to readers of this blog:  stimulus doesn&#8217;t work the way it used to.  Workers have more skills, which makes it harder to create jobs to soak up an untapped labor pool&#8211;even if we did create large numbers of jobs swinging pickaxes, many unemployed Americans wouldn&#8217;t take them.<\/p>\n<p>Meyerson identifies a lot of the procedural barriers that I frequently talk about&#8211;the bidding and environmental safeguards that make federal projects very slow to get off the ground.  But perhaps unsurprisingly, he doesn&#8217;t really explore a huge barrier to a WPA-type jobs program:  public sector unions.  They are not going to let you hire a bunch of cheap workers and run crews without civil service protections.<\/p>\n<p>There&#8217;s something ironic in the fact that the legacy of the New Deal is the inability to reproduce it.  On the other hand, it&#8217;s not so necessary, either.  People are richer now, and though it isn&#8217;t perfect, our financial regulation is better.  We&#8217;re not at much risk of people starving to death.  So there&#8217;s no urgent need to create low-skilled jobs for them to fill.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Megan McArdle :: The Atlantic &#8211; Sage Harold Meyerson makes an argument that will be familiar to readers of this blog: stimulus doesn&#8217;t work the way it used to. Workers have more skills, which makes it harder to create jobs to soak up an untapped labor pool&#8211;even if we did create large numbers of jobs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,19,24,13],"tags":[],"class_list":["post-146","post","type-post","status-publish","format-standard","hentry","category-economics","category-group-rights","category-politics","category-regulations"],"_links":{"self":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts\/146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/comments?post=146"}],"version-history":[{"count":1,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts\/146\/revisions"}],"predecessor-version":[{"id":147,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/posts\/146\/revisions\/147"}],"wp:attachment":[{"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/media?parent=146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/categories?post=146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gentropy.org\/blogs\/wp-json\/wp\/v2\/tags?post=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}