
The Great Risk Shift
by Jacob S. Hacker · first published 2006
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3HN commenters
2014–2025first – last mentioned
33% recommend67% neutral
We are witnessing a massive transfer of economic risk from broad structures of insurance onto the fragile balance sheets of American families. This text explains the causes and consequences of 'The Great Risk Shift' and what can be done to reverse it.
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…recurring trend over the last few decades. Sharing economy companies are only one more piece in an accelerating trend. Yale Political Science professor Jacob Hacker wrote a book about this, called "The Great Risk Shift", you might find that an interesting read to help work through the ideas you've expressed in this piece (which, in my crude opinion, are on point).
on “In the Sharing Economy, Workers Find Both Freedom and Uncertainty” ↗How so? It's exactly the way it's grouped and organized in all European social systems. It's also the framework used by Yale University's Jacob Hacker in "The Great Risk Shift" to discuss US social policy: https://www.amazon.com/Great-Risk-Shift-Economic-Insecurity/... (I wrote the Medium article)
on “Enough with Basic Income” ↗…state of most jobs. There’s no reason public jobs should have more protection. There's no reason private jobs should have less protection, or that this be the status of most jobs. See for example The Great Risk Shift, Jacob S. Hacker (2006): <https://calitreview.com/the-disquieting-effects-of-the-new-e...> <https://www.nytimes.com/2006/10/29/books/review/Leonhardt.t....>