Reason to Believe that This Is Not Yet the Bottom for the Housing Market
Nunc Dimittis II

Another Book I Should Get and Add to the Pile...

Steven Greenhouse, The Big Squeeze. Kim Bobo writes

Dispatches from the Workplace: The Big Squeeze: Steven Greenhouse[']... The Big Squeeze: Tough Times for the American Worker is the best book to be written on the crisis of low-wage work.... The book begins with the stories of workers like Mike Mitchell, who was fired after being injured on the job in order to minimize worker’s comp bills, and Dawn Eubanks, who is required to work “off the clock” in order to keep her job. Then there's John Arnold, who works under a two-tier contract earning a little more than half what colleagues working right next to him earn, and Antonia Lopez Paz, who isn’t allowed to leave her poultry line even to go to the bathroom. Finally we meet retiree Don Jensen, who has had to take a $10 an hour job as a bank teller after his retirees’ health [cost] went from $180 to $8,280 a year, and Myra Bronstein, who was required to train her own replacement from India in order to qualify for severance.

Greenhouse then provides an overview of what’s going on for workers:

One of the least examined but most important trends taking place in the United States today is the broad decline in the status and treatment of American workers—white-collar and blue-collar workers, middle-class and low-end workers—that began nearly three decades ago, gradually gathered momentum, and hit with full force soon after the turn of this century. A profound shift has left a broad swath of the American workforce on a lower plane than in decades past, with health coverage, pension benefits, job security, workloads, stress levels, and often wages growing worse for millions of workers...

And my copy of Peter Gosselin's High Wire just arrived yesterday...

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