
"A Washington Post reporter's intimate account of the fallout from the closing of a General Motors' assembly plant in Janesville, Wisconsin--Paul Ryan's hometown--and a larger story of the hollowing of the American middle class. This is the story of what happens to an industrial town in the American heartland when its factory stills--but it's not the familiar tale. Most observers record the immediate shock of vanished jobs, but few stay around long enough to notice what happens next, when a community with a can-do spirit tries to pick itself up. Pulitzer Prize winner Amy Goldstein has spent years immersed in Janesville, Wisconsin where the nation's oldest operating General Motors plant shut down in the midst of the Great Recession, two days before Christmas of 2008. Now, with intelligence, sympathy, and insight into what connects and divides people in an era of economic upheaval, she makes one of America's biggest political issues human. Her reporting takes the reader deep into the lives of autoworkers, educators, bankers, politicians, and job re-trainers to show why it's so hard in the twenty-first century to recreate a healthy, prosperous working class. For this is not just a Janesville story or a Midwestern story. It's an American story"
Children of Blood and Bone: Really good and gripping. Listened to the audiobook of this one and it keeps you on your toes.
Jocko Willink and Leif Babin
> Grant
Ron Chernow
> Straight Talk on Trade: Ideas for a Sane World Economy
Dani Rodrik
> Adaptive Markets: Financial Evolution at the Speed of Thought
Andrew Lo
> The Best Investment Writing, Volume 1: Selected Writing From Leading Investors and Authors
by Meb Faber (editor), Jason Zweig (contributor), Patrick O’Shaughnessy (contributor), Morgan Housel (contributor), Corey Hoffstein (contributor), Barry Ritholtz (contributor)
> Janesville
Amy Goldstein
> The Man Who Could Be King
John Miller
> My Own Liberator
Dikgang Moseneke
> Hillbilly Elegy
J.D. Vance
> Small Great Things
Jodi Picoult
> Sapiens: A Brief History of Humankind
Yuval Noah Harari
> Born to Run
Bruce Springsteen
> The Content Trap
Bharat Anand
> The Gene: An Intimate History
Siddhartha Mukherjee
> Shoe Dog
Phil Knight
> Attitude: Develop a Winning Mindset on and off the Court
Jay Wright
> The Euro and the Battle of Ideas
Markus K. Brunnermeier, Harold James, Jean-Pierre Landau
> 7 Powers: The Foundations of Business Strategy
Hamilton Helmer
> Reset: My Fight for Inclusion and Lasting Change
Ellen Pao
> Bellevue
David Oshinsky
> The Woman Who Smashed Codes
Jason Fagone
> Stealing Fire
Steven Kotler
> Hit Refresh
Satya Nadella
> Thank You for Being Late
Thomas Friedman
> Supernormal
Meg Jay
> The Inevitable
Kevin Kelly
> Economics for the Common Good
Jean Tirole
> It’s What I Do
Lynsey Addario
> Gotham: 1898-1919
Mike Wallace
> The Good Daughter
Karin Slaughter
Reading the book Janesville, I'm very pessimistic on the effects of programs aimed at retraining people for new careers once jobs in a town are lost. I'm convinced for the next generation that it's a net benefit, yes, but that many people who lose their job never really recover and the people who try to switch industries end up on average the worst off.
We should be honest about the role we play. Even if it's a net positive, it's not a net positive for every person. For many people it can be devastating. (This actually bolsters your second point and helps make the case for a strong safety net.)
Without public support I just have trouble seeing that happen. I don't think we disagree that much though.
> It's disrespectful to suggest that this isn't a problem because we can just retrain them to build windmills.
I certainly would agree that the people who lose jobs would mostly not be the same people who would be trained to take the new jobs that would be created. I remember reading Janesville and being pretty clearly convinced that skills training programs to people who lose their jobs are often counter-productive. That said, I do still think overall for the economy it'd be a positive.