* Financial Times and McKinsey Business Book of the Year * Winner of the J. Anthony Lukas Book Prize *800-CEO-READ Business Book of the Year* A New York Times Notable Book* A Washington Post Notable Book * An NPR Best Book of 2017 * A Wall Street Journal Best Book of 2017 * An Economist Best Book of 2017 * A Business Insider Best Book of 2017 *
"A gripping story of psychological defeat and resilience" (Bob Woodward, The Washington Post)-an intimate account of the fallout from the closing of a General Motors assembly plant in Janesville, Wisconsin, 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 main factory shuts down-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-winning reporter Amy Goldstein spent years immersed in Janesville, Wisconsin, where the nation's oldest operating General Motors assembly plant shut down in the midst of the Great Recession. Now, with intelligence, sympathy, and insight into what connects and divides people in an era of economic upheaval, Goldstein shows the consequences of one of America's biggest political issues. 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.
"Moving and magnificently well-researched...Janesville joins a growing family of books about the evisceration of the working class in the United States. What sets it apart is the sophistication of its storytelling and analysis" (Jennifer Senior, The New York Times).
"Anyone tempted to generalize about the American working class ought to meet the people in Janesville. The reporting behind this book is extraordinary and the story-a stark, heartbreaking reminder that political ideologies have real consequences-is told with rare sympathy and insight" (Tracy Kidder, Pulitzer Prize-winning author of The Soul of a New Machine).
Janesville was devastated by the closing of the General Motors plant in December 2008. Amy Goldstein's book takes us through the five years following the plant closure. Janesville survived the loss of the plant and all of the supporting industries but it never finally recovered.
It was refreshing to get an honest appraisal of what happen in Janesville. Millions of dollars flowed into Janesville for job retraining which proved to be a dismal failure. None of the jobs that Janeville residents retrained for ever returned them to where they were financially before the plant closing. Many of the folks were ill-equipped for retraining as they had no computer skills. As the residents struggled, the city and county attempted to respond by developing identifying possible job skills for retraining it citizens. Various forces worked against some of the folks that were retrained. Even after re-training wages were never equal to what they were paid working for General Motors. Going back you school after being in the work-force for 15 to 20 years is hard. Training a new trade is hard, but learning a new trade in a community where the economic base has been destroyed is near impossible.
Today Janesville, has an underemployment rate of just over 4% but the area has not recovered to where it was prior to the plant closing. There are still residents that are commuting to other GM plants rather than take a cut in wages. I don't see the current administration doing anything substantial to return Janesville to prior economic status. Although Janesville is the home of Paul Ryan, the Speaker of the House, Goldstein makes it clear that Ryan did not involve himself in the in the community as one thought that he should. Janesville is just another example of how we are losing our manufacturing base in this country, while our corporate and civic leaders are doing nothing to find new avenues of meaningful and well-paying employment for its middle class.
I would highly recommend this book, it is honest and forthright.
