normative

1950s Industrial Policy Model No Longer Fits

The whole 1950s model—social insurance and labor-market institutions premised on a typical unionized industrial wage earner (e.g. auto manufacturing) who, with the bosses, could extract rents from market power and share them via generous pensions and welfare states—was designed for a society where 30%+ of the workforce was in factories, and does not fit a coming society of largely non-automatable, non-offshoreable personal services; Progressives are stuck in this 1950s model because of their union base.

normativepending

Speaker

Michael Lind

Evidence Quote

the factory-type model and the industrial workforce model just does not fit

Source

Michael Lind on LibertarianismEconTalk
Created: 6/13/2026, 12:30:32 AM

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