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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.

Maybe There is No Fixing the Academic Job Market

By Megan McArdle
May 17 2010, 4:29 PM ET Comment

Commenter Dave Walser makes a good point:

What Professor Brown and others fail to understand is any measures that would increase the pay of adjunct professors would only increase the imbalance in the job market. If it were easier for an English PhD to make a living, more of us would have gotten that degree rather than pursuing a different field. I know I would have rather spent my days in college reading and discussing quality (and usually interesting) literature rather than parsing the tax code. I suspect, even today, I'd rather spend my days discussing Hamlet than accelerated depreciation. In making my choice between English and accounting, I listened to the price signal sent by starting salaries and earning potential. Dilute that price signal and many more will opt for a career in the humanities -- which makes sense since the humanities is more intrinsically interesting as a field.

In other words, fixing the misery would only distribute the misery to PhDs who couldn't get jobs as adjuncts.


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