Daily Archives: Jun 30, 2018 at 08:24 am EDT

Book Bits | 30 June 2018

Squeezed: Why Our Families Can’t Afford America
By Alissa Quart
Excerpt via Money Magazine
“Surplus humans.”
That’s the callous term Karl Fogel, partner at Open Tech Strategies, an open-source technology firm, used when describing the unwitting employee-victims of advances in automation. Cruelty aside, it’s a term that could easily describe once secure “middle-class” professions, including jobs in the automotive industry, nursing, tax preparing, office administration and law.
When I started reporting my book Squeezed: Why Our Families Can’t Afford America five years ago, I found many culprits for rising insecurity among what I called the Middle Precariat, a group that suffered from the cost of their children’s daycare, and from rent and mortgages, of course, and copious student and health care debt. But they were also afflicted by the hovering fear of being put out of work by our mechanical brethren.
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