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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.

Question of the day

By Megan McArdle
Sep 27 2007, 1:59 PM ET Comment

Here's the question I've been pondering as I watched the strike unfold at GM. Many progressives argue that unions are a necessary counterweight to the bargaining power of employers. I tend to think that power is generally about equally balanced between workers and companies--some workers have a lot of bargaining power, and some a little, but I don't see the power as being particularly asymmetrically distributed between workers as a class and employers as a class. But that's not how progressives feel, and I doubt we'll change each other's minds.

What I find difficult to argue with is that few of the progressives I know ever seem to think that there are any situations where workers have too much power. Even in situations such as the New York City transit strike, where the workers clearly have an enormous amount of employer over their employer both as a bargaining unit and as a voting bloc, progressives always side with the union.

So here's the question of the day for my liberal commenters: can workers acquire too much power? Is there any situation in which you have thought, or can even imagine thinking, that union power might have to be dialed back?

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