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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

What price labor?

By Megan McArdle
Aug 27 2007, 10:33 AM ET Comment

Chris Hayes of In These Times and The Nation writes today on his personal blog:

There are few things that irk me more than when conservatives advocate for increased immigration for low wage workers by saying that immigrants do jobs that Americans don’t want. I don’t want to buy a slice of pizza for $45. It doesn’t mean I don’t like pizza! I’m not particularly interested in writing a book for the total payment of $9. It doesn’t mean I don’t want to write a book!


But what about the demand side of the labor market, she asks? To invert Mr Hayes' formulation, I don't want a job eating live roaches. But at $1 million a roach, or thereabouts, I would take it. The problem is, I very much doubt that anyone thinks it's worth $1 million to see me eat a live roach.

Many of the jobs that illegals do are jobs that cannot economically be done by Americans. It does no good to say that American workers would be happy to gut chickens, or clean houses, or landscape your yard, for $20 an hour, if other Americans cannot afford to purchase those services at that price. If we had no illegals, some Americans would undoubtedly get their jobs at higher wages. Other jobs, such as fruit picking, would probably be automated. Meanwhile, many Americans would have to go without the services that illegals currently provide, such as landscaping, construction, and home care.

One particular consideration I think is underdiscussed is the fact that much of the labor illegal immigrants provide substitutes for women's home labor. And I don't just mean nannies for rich women. I mean cleaning services, and food processing, and dry cleaning, and grocery delivery, and all the other things that make it possible for large numbers of women to work outside the home. In an ideal world, of course, women and men would take equal responsibility for the household. But in the less than ideal world that we actually inhabit, an increase in the price of those services would probably mean that fewer women would find it cost-effective to work outside the home.

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