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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.

The New New New Economy

By Megan McArdle
Sep 13 2011, 11:10 AM ET Comment

Arnold Kling writes one of the most troubling, and true, passages about the American job market that I've read in a while:

The paradox is this. A job seeker is looking for something for a well-defined job. But the trend seems to be that if a job can be defined, it can be automated or outsourced.

The marginal product of people who need well-defined jobs is declining. The marginal product of people who can thrive in less structured environments is increasing. That was what I was trying to say in my jobs speech.
The jobs that are being automated are the stable, well-paying jobs where you could settle in and know exactly what you'd be doing for years.  As Arnold says, if you can define it, you can probably outline it specifically enough to outsource, either to a lower-wage worker somewhere else, or to a computer.

Why is this troubling?  Aren't routine jobs stifling? Soul-destroying? A tool of the oppressive overclass?

Well, that's what we used to say when we had more than enough to go around.  The assembly-line was grinding modern man into just another machine part; the stultifying conformity of the white collar world was producing a nation of anal-retentive Casper Milquetoasts.

Then the jobs started to go away and we discovered that many people like dreary predictability--at least, compared to the real-world alternative, which is risk.  What many, maybe most, people actually want, it turns out, is the creativity and autonomy of entrepreneurship combined with the stability of a 1950s corporate drone.  This is a fantasy, of course, but given their druthers, it's not clear that most people will pick risk over dronedom.

Unfortunately, they're being given no choice.  Even if we stopped outsourcing, we're not going to somehow stop automation.  One of my first jobs out of school, way back in 1994, was as a secretary.  I'd be shocked to find that any of the executives at that organization still have secretaries--maybe the executive director, but maybe not even him.  Already at the time there wasn't really enough for me to do; my boss had a secretary because, well, people in his position did.  That's not because the work was being outsourced to Bangalore, but because computers and the internet were eliminating much of the coolie labor that secretaries used to take care of.  And of course, the recession is accelerating the pace of change--and leaving the people who are displaced fewer options to transition.

Don't get me wrong--I'm no Luddite.  I don't think it's unfortunate that progress is being made, and a lot of fairly boring jobs are being eliminated.  I do think it's unfortunate that people don't like it.


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