1 Article by: Richard B. Freeman

Richard B. Freeman holds the Herbert Ascherman Chair in Economics at Harvard University.

Economists Told Us “Flexible” Labor Markets Were a Good Thing. Now They’re Plunging the US Into an Economic Catastrophe

For decades, America’s “flexible” labor markets have been celebrated by economists and favorably compared to Europe’s “sclerotic” labor institutions — the products of a century of militant worker struggle. Now, thanks to that very flexibility, the US stands on the brink of an economic disaster.