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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. She is currently on leave.
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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.

The Jobs Are Always Greener....

By Megan McArdle
Mar 11 2010, 10:30 AM ET Comment

One of the notable moments from the meeting with the Greek prime minister yesterday was when someone asked him how he was planning to get the economy back on its feet, and he answered with . . . green jobs, of course!  He correctly pointed out that Greece, having all those islands, has a great opportunity to install windmills.  But aside from early modern Holland, I'm not sure where windmills have proven a useful antidote to massive economic and political problems.  (Today's exhibit: protesters clash with police in Athens).  


But green jobs have become the ginseng of progressive politics: a sort of broad-spectrum snake oil that cures whatever happens to ail you.  They are the antidote to economic malaise, an underskilled labor force, the inherent unwillingness of the public to suffer any significant economic and personal dislocation in order to save the environment.  They enhance nationalistic vigor. (If we don't act now, the Chinese will steal all of our green jobs!)  They stave off aging of stale political platforms.  And I'm pretty sure they're good for bunions, too.

Obviously it is true that if we subsidize various environmental activities, this will create jobs for some people.  Unfortunately, it will also destroy jobs for other people--people who make the things that would otherwise have been purchased with tax dollars.  They may partially offset the economic losses of switching off a very efficient, cheap, high density energy source.  They will also, hopefully, give us cleaner, cooler air to breathe.  But they do not represent a net improvement in either GDP or the unemployment rate.  They represent a loss.

But they're green!  And green is such a pretty color.  Also, everyone loves frogs.  So who could possibly be against my green jobs except some cranky libertarian?  And even this crazy libertarian isn't really against the green jobs, as such . . . only the ridiculous way politicians use green jobs to shield them from hard questions.


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