Labour lawyer Thomas Geoghegan has an interesting review of Louis Uchitelle's new book on layoffs, The Disposable American:
Is the layoff the great American wound? In Louis Uchitelle's account, it seems a wound in triplicate. It hollows out companies so they can't compete. It hollows out the country by removing middle-class jobs. It hollows out the middle-class employees who are laid off and then too often drop permanently to a demeaning, low-wage way of life. To Mr. Uchitelle, who reports on economics for The New York Times, corporate America's addiction to the layoff has gone past the point of economic rationality. In this fascinating book he tries to tell the history of the United States in our time as the unchecked rise of layoffs. [NYT]
Another addition to my ever-growing "to-read" list. I'm intruigued by Uchitelle's thesis that the corporate America's layoffs binge has outstripped economic self-interest.