“Wealth work” is one of America’s fastest-growing industries. That’s not entirely a good thing.
By Derek Thompson – In an age of persistently high inequality, work in high-cost metros catering to the whims of the wealthy—grooming them, stretching them, feeding them, driving them—has become one of the fastest-growing industries.
The MIT economist David Autor calls it “wealth work.”
While there are reasons to be optimistic about this trend, there is also something queasy about the emergence of a new underclass of urban servants.
Wealth work falls into two basic categories. First, full-time retail and service jobs at places like nail salons and spas. “You’re talking about people with $30,000 incomes that are often employed in high-wealth metro areas, or resort economies,” Muro said.
Because they often cannot afford to live near their place o-f work, they endure long commutes from lower-cost neighborhoods. These arrangements aren’t merely time-consuming; they can also be exploitative. For example, New York City nail salons are notorious for flouting minimum-wage laws and other labor regulations, and massage parlors across Florida have served as fronts for human trafficking.
A second category is the “Uber for X” economy—that nebulous network of people contracted through online marketplaces for driving, delivery, and other on-demand services.
Optimistically, these jobs offer autonomy for workers and convenience for consumers, many of whom aren’t wealthy. But the business models that keep these firms aloft rely on the strategic avoidance of laws like the Fair Labor Standards Act, which regulates minimum wage and overtime pay. These laborers often do the work of employees with the legal protections of contractors—which is to say, hardly any. more>
Posted in Business, CONGRESS WATCH, Economy, Education, History, How to, Media, Technology
Tagged Capital, Gig Economy, Inequality, Internet, Jobs, Wealth, Work
By Stephane Kasriel – No matter where you look, so much rapid change is happening that even how companies manage their talent strategy is shifting. Gone are the days of HR managing workforce planning with an Excel spreadsheet. To remain not only competitive but relevant, more companies are turning to detailed workforce plans, and younger generations of managers are much more likely to be putting these plans in place. As they do, and as they ascend to more senior roles, they’re reshaping the future of work.
More than half of younger generation managers polled see future workforce planning as a “top priority” for their departments–nearly three times more than their baby boomer counterparts, according to my company Upwork’s 2019 Future Workforce Report.
Whereas baby boomers are known for keeping their employees close, millennials, who now make up more than half the U.S. workforce, overwhelmingly desire “flexible and fluid” work settings.
Younger generation managers are also more likely to see it as an individual’s right to work remotely. After all, they’ve grown up in the digital era. They do not understand why someone should be tethered to a desk nine-to-five if modern technology frees them to work anytime, anywhere, and from any connected device.
In fact, many believe they are more productive working remotely than they would be in rigid office environments with all of their distractions. more>
Posted in Broadband, Business, Economic development, Economy, Education, How to, Leadership, Net, Science, Technology
Tagged Broadband, Business improvement, Future, Internet, Jobs, Leadership, Work
By Edward Alden and Laura Taylor-Kale – The world is in the midst of a profound transformation in the nature of work, as smart machines and other new technologies remake how people do their jobs and pursue their careers. The pace of change will almost certainly accelerate, and the disruptions will grow larger. In the United States, where work is the basis for most of the income and benefits that make a secure life possible for Americans and their families, the transformation has been especially wrenching.
The most important challenge facing the United States— given the seismic forces of innovation, automation, and globalization that are changing the nature of work—is to create better pathways for all Americans to adapt and thrive. The country’s future as a stable, strong nation willing and able to devote the necessary resources and attention to meeting international challenges depends on rebuilding the links among work, opportunity, and economic security.
Failure to do so will increase the pressures for retrenchment that are already causing the United States to back away from global leadership. A United States that cannot provide better job and career options and greater economic security for its citizens will be less competitive and less of an example to the world.
It will have fewer resources available for national security. Domestic struggles over the sharing of economic gains will further distract and divide the country, and make it less willing and less able to act effectively in the world.
As technology disrupts industry after industry, the United States needs better ways to help Americans access the many new opportunities technology is also creating, in particular by strengthening the link between education and employment prospects. The country needs stronger support for job creation, especially for better-paying jobs.
It needs to make the skill demands of jobs much more transparent, so job seekers know the credentials required to move ahead on their own career paths. It needs to ensure that all Americans can gain the skills and knowledge that they—and the economy—depend on for success. And the United States needs to improve the benefits and returns from work for all Americans. more (pdf)>
Posted in Broadband, Business, Economic development, Economy, Education, History, Leadership, Media, Net, Technology
Tagged Broadband, Congress Watch, Government, Internet, Jobs, Leadership, Technology, United States, Work
The Good Life and Sustaining Life, Author: Andrew Taggart.
Leisure: The Basis of Culture, Author: Josef Pieper.
By Andrew Taggart – ‘Total work’ is the process by which human beings are transformed into workers and nothing else.
By this means, work will ultimately become total, I argue, when it is the center around which all of human life turns; when everything else is put in its service; when leisure, festivity and play come to resemble and then become work; when there remains no further dimension to life beyond work; when humans fully believe that we were born only to work; and when other ways of life, existing before total work won out, disappear completely from cultural memory.
We are on the verge of total work’s realization.
What is so disturbing about total work is not just that it causes needless human suffering but also that it eradicates the forms of playful contemplation concerned with our asking, pondering and answering the most basic questions of existence. more>
Posted in Book review, Business, Economy, Education, History, Leadership, Media, Regulations, Science, Technology
Tagged Business, Capital, Debt, Government, Industrial economy, Jobs, Technology, Work
By Peter Gray – We have an ever-growing number of jobs that seem completely useless or even harmful.
As examples, we have administrators and assistant administrators in ever larger numbers shuffling papers that don’t need to be shuffled, corporate lawyers and their staffs helping big companies pay less than their fair share of taxes, countless people in the financial industries doing who knows what mischief, lobbyists using every means possible to further corrupt our politicians, and advertising executives and sales personnel pushing stuff that nobody needs or really wants.
The real problem, of course, is an economic one. We’ve figured out how to reduce the amount of work required to produce everything we need and realistically want, but we haven’t figured out how to distribute those resources except through wages earned from the 40-hour (or more) workweek.
In fact, technology has had the effect of concentrating more and more of the wealth in the hands of an ever-smaller percentage of the population, which compounds the distribution problem.
Moreover, as a legacy of the industrial revolution, we have a cultural ethos that says people must work for what they get, and so we shun any serious plans for sharing wealth through means other than exchanges for work.
So, I say, down with the work ethic, up with the play ethic!
We are designed to play, not to work. We are at our shining best when playing. Let’s get our economists thinking about how to create a world that maximizes play and minimizes work. more>
Posted in Broadband, Business, CONGRESS WATCH, Economic development, Economy, Education, Leadership, Net, Technology
Tagged Business, Capital, Economics, Government, Jobs, Play, Work
By Claire Cain Miller – How do we educate people for an automated world?
People still need to learn skills, the respondents said, but they will do that continuously over their careers. In school, the most important thing they can learn is how to learn.
Schools will also need to teach traits that machines can’t yet easily replicate, like creativity, critical thinking, emotional intelligence, adaptability and collaboration. The problem, many respondents said, is that these are not necessarily easy to teach.
Employers will also place more value on on-the-job learning, many respondents said, such as apprenticeships or on-demand trainings at workplaces. Portfolios of work are becoming more important than résumés.
Consider it part of your job description to keep learning, many respondents said — learn new skills on the job, take classes, teach yourself new things.
The problem is that not everyone is cut out for independent learning, which takes a lot of drive and discipline. People who are suited for it tend to come from privileged backgrounds, with a good education and supportive parents, said Beth Corzo-Duchardt, a media historian at Muhlenberg College. “The fact that a high degree of self-direction may be required in the new work force means that existing structures of inequality will be replicated in the future,” she said.
“The ‘jobs of the future’ are likely to be performed by robots,” said Nathaniel Borenstein, chief scientist at Mimecast, an email company. “The question isn’t how to train people for nonexistent jobs. It’s how to share the wealth in a world where we don’t need most people to work.” more> https://goo.gl/LVkagm