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dirtystylus : economy   67

The optimization trap: what you give up when you hustle - The Verge
In 2017, Ben Friedman, a Harvard economist, published a paper that explained why. “Keynes was right (so far) about output per capita, but wrong about the workweek,” he wrote. “The key reason is that he failed to allow for changing distribution. With widening inequality, median income (and therefore the income of most families) has risen, and is now rising, much more slowly than he anticipated.”

That means: we’re working harder for less now because the people who have more have so much more. The economy is optimized to push gains to the top. The whole point of personal optimization, on the other hand, is to increase your productivity in this system, to work harder in a way that mostly does not benefit you — at least not in the end.
economy  workculture  techculture  productivity  worklifebalance  humor  nyt  slackfodder 
4 weeks ago by dirtystylus
We're broke, not poor: how I became downwardly mobile | Life and style | The Guardian
According to a 2016 study on social mobility, 50% of Americans born in the 1980s are set to end up worse off than their parents were. Downward mobility is a relatively new thing for middle-class white people in this country. It used to be, if you were born into a certain type of family, you went up from there. To be one of the first generations to go backwards is often dizzying.
healthcare  economy  wealth  poverty 
december 2019 by dirtystylus
On tech-enabled labor arbitrage – On my Om
The entire human history is built on screwing over the poor. If Roose and his coterie of writers at the Times want to haul up the technology companies for their lack of empathy and morals —great, we need to do that. I have been calling for better treatment of the freelancers and low-level employees by these technology-enabled platforms for a while. But we must spare some energy for reflecting on and changing our own behaviors. Softbank cannot force us to use the apps they support. We literally buy into these systems, and we are the ones that make them successful enough to attract an insane amount of investment dollars.  

The most effective use of our energy would be to figure out how to get by without using any of these app-based human labor arbitrage services at all. But are people ready for that?
by:ommalik  labor  apps  softbank  economy 
november 2019 by dirtystylus
If the Rich Really Want To ‘Do Good,’ They Should Become Class Traitors Like FDR
In August Giridharadas released Winners Take All: The Elite Charade of Changing the World, which is a journalistic look at a culture of privatized change-making, where un-elected elites — unmarred by the messiness of democracy — try to tinker with problems they likely had a hand in causing.
review  book  class  economy  elitism 
november 2018 by dirtystylus
Inside One of America’s Last Pencil Factories - The New York Times
A worker named Maria matches the color of her shirt and nail polish to the shade of the pastel cores being manufactured each week.
economy  nyt  manufacturing  unitedstates  photos  photoessay 
january 2018 by dirtystylus
'Reagan Democrats' Are a Myth as Working-Class Support Democrats Over Trump | US News Opinion
This is not to say that anyone's concerns should be ignored – quite the contrary. If what working-class white men want is economic policies that help them, like unions, Medicaid expansion and Hillary's proposals for coal country, that's great. But if what working-class white voters want is a Muslim ban and to blame black and brown people for their life's difficulties, that's not something we should entertain or excuse. Appeasing racism under the guise of populism is not only pointless, it takes us backwards. It is an insult to millions of Americans, our national ideals and our very moral fabric as a nation of immigrants. E Pluribus Unum. Out of many, One.
election2016  racism  economy  populism  donaldtrump 
august 2016 by dirtystylus

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