Job stability is not what it once was, but that is no reason for hand-wringing. Many young people now expect to have a half-dozen different jobs before retiring and understand that there may be a pay cut somewhere along the line. People can and do adjust to variations in income, something that happens under every economic system. Besides, many maybe most people find changing jobs to be an exciting and liberating experience, not one filled with dread and anxiety. At bottom, what bothers Gray about the free market is that it exposes people to risk the risk of making poor decisions.
Some people inevitably make bad choices.
It is much better to have the liberty to make your own choices than to have to live with the often disastrous and irremediable consequences of choices made by government officials. In making mountains out of molehills in his fervor to discredit global capitalism, Gray ignores that truth. Aaron Steelman is a graduate student in the social sciences at the University of Chicago.