Why Work Became So Bad for So Many - David Weil
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- Опубліковано 5 жов 2024
- Splitting off functions that were once managed internally has been a successful business strategy. Large companies maintain the quality of their brand without the cost of an expensive workforce. But this approach has led to stagnation in wages and benefits and a lower standard of living for workers. In The Fissured Workplace, David Weil proposes solutions.
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It has a lot to do with human ethics. But what can we expect from a generation who is raised to aim less effort ,less responsibility and most benefit, most money .
The first number for a year is total wages paid in the USA, the second is total cost to employers of fringe benefits. Figures are %ages of total income, before depreciation.
1970 56 7 (highest value for wages since WWII)
2000 50 11 (employees in effect sacrificed pay for more benefits)
2014 45 11 (the total compensation of employees as a share of total income is the lowest since 1930. The dramatic decline since 2000 is entirely due to a decline in wages alone)
These data include the enormous wages and bonuses of Wall Street. Hence the results for the rest of us are even more sinister.
I’m short terms, disparity in wealth is the lowest it’s been in American history.
Work is an scam, starting from the bottom.
Should you be given everything?
Michael I think he means jobs not so much the concept of work