yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Wealth inequality is literally killing us. The economy should work for everyone. | Alissa Quart


3m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

So for some of the people I interviewed in Squeezed, when they were going through economic hardship, they’d get sick physically. They would be psychologically troubled; they’d have to go on anti-anxiety medications. Sometimes they wouldn’t even have healthcare, so that would be an added expense. Some of the subjects might experience something called “decision fatigue,” where they’d be unable to make decisions or choices in their lives—basic choices—because they’ve been so overwhelmed by the feeling of economic uncertainty.

They were thinking constantly, “How do I survive?” rather than “How do I lead a better life?” or “How do I get my kid on the best course?” And so that’s a commonplace—just that overwhelmed aspect when you don’t have resources. That’s all you’re thinking about.

Well, one of the challenges for people seeking employment in a gig economy is that they’re disposable; they can always be replaced by somebody else. They may not have relationships with another human being at Uber or at Lyft, whatever. Supposedly it’s this idea of independence, but it’s often, in fact, this kind of free-floating quality where they’re not clearly connected to a boss or colleagues.

And I think that can be really dangerous because then these peoples’ experiences are not humanized to the people who are hiring them—they’re just cogs in wheels. We should really start thinking about that because I think they can be really debilitating.

I talk about teachers who drive Uber in a chapter, and I think for many of them they were recruited by the company. They had a motto four or five years ago: “Uber—teachers driving our future.” So teachers and nurses were attractive to Uber simply as middle-class icons, but they weren’t attractive enough to the people in their community who they were teaching or the politicians in their community to give them a wage so they wouldn’t have to drive Uber on the side.

So to me, that’s one of the dangers of the gig economy too—that the formally middle class can be used just as a symbol and a kind of respectability that they can be offering these companies while they’re kind of riffling through these once-stable professions for solid people that they can exploit.

Many of the people I wrote about are not in organizations or even in corporations or contingent, which means that they work part time, on contracts. They work gigs, which is now a huge amount of the population, or they work too-few hours to be counted as employees.

So I’m not sure it becomes an organizational thing most of the time, but in terms of what we’re doing at Economic Hardship Reporting Project, we’re trying to pay journalists who have fallen on hard times a dollar a word plus expenses. And that’s just like one small way to keep them afloat.

We have people writing for us who were living without heat, on food stamps, on government medical care—they were really struggling. And this is one thing that I’ve noticed has been interesting lately—I call them sort of white-collar alt-labor; this is like white-collar unions, almost, for journalists and other employees in the past who’re not necessarily unionized freelance journalists.

And what we’re doing is part of that, but there are all sorts of other things cropping up. There are collectives for caregivers that I’ve written about, so they’re sort of working together; they’re owning the apps where they rent out—where they try to get customers for housecleaning or nannying.

And so I think, what can organizations do? Organizations can try to empower their poor workers by giving them resources, both economic and from the companies themselves—for instance, like an app that they themselves would own a part of rather than just simply the company owning the app and the worker just this teeny piece of teeny “task rabbit.” They would instead be a part of the app.

Cooperatives is another way I think that we can start to think about that, especially web-based cooperatives. That’s becoming really important...

More Articles

View All
7 Awesome WoW Facts
Hey, Vsauce. Michael here with a special fact-filled video celebrating World of Warcraft and Cataclysm. Now, even if you’ve never played the game, I’ve got seven awesome things that are sure to titillate. To say so much in fact, I had to bring in some fri…
THE AMERICAN DREAM 🇺🇸 IS NO LONGER ATTAINABLE?
So many young Americans feel that the American dream is unattainable. You’ve got to remember these young people, this cohort of individuals, men and women, never lived in a time of rising interest rates or inflation. Obviously, these are great cycles, but…
2015 AP Calculus BC 2b | AP Calculus BC solved exams | AP Calculus BC | Khan Academy
[Voiceover] Part b. “For zero is less than t is less than one, there is a point on the curve at which the line tangent to the curve has a slope of two.” The line tangent to the curve has a slope of two. “At what time is the object at that point?” So, the …
Elad Gil and Pejman Nozad - Startup Investor School Day 3
Just yesterday, the main topic was really focused on the hardest thing about investing, I think, which is how do you decide to invest? How do you go about making decisions? So we heard from Dalton, who talked about founder meetings, talked about the proc…
Meet Sean, a creator of AP Physics on Khan Academy | AP Physics 1 | Khan Academy
I have taught AP Physics classes for the last seven years: AP Physics 1, AP Physics B back in the day, and AP Physics C now. I try to make my lessons personable, relate to the student, and offer them real-life examples where things happen. But I also focu…
Elon Musk to Jordan Peterson: “Life had no Meaning”
So, I wondered what’s motivated you? Cuz you push in so many directions simultaneously. You have to be really highly motivated to do that. And so, you figured out that the question, in a sense, was the answer. Yeah, the question—or I said another way—tha…