The Risk Shift, Revisited
The risk shift, revisited: Back in the late 2000s, two authors — the economics journalist Peter Gosselin and the political scientist Jacob Hacker — wrote books documenting what they both called “the risk shift.” The idea was that policy and social norms had changed in ways that shifted economic risk — invoked by retirement, illness, job stability and loss of income — from government and firms to individuals and families. The result was greater inequality and worse: greater insecurity among the many people on the wrong side of the risk shift. ...
Which begs the question: how could a significant (albeit minority) share of the electorate that’s increasingly exposed to and suffering from the long risk shift possibly elect leaders that threaten to exacerbate and hasten the shift? ...
Posted by Mark Thoma on Wednesday, January 4, 2017 at 04:24 PM in Economics, Social Insurance |
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