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
The Apple Vision Pro is Terrifying for Humanity's Future
I hate being bored, don’t you? My mind starts to wander. I stress about work, friends, and what I’ll be doing with my life in 5, 10, 20 years. I feel fidgety and uncomfortable. A study by the National Institute of Health showed that boredom can disrupt mo…
Why No One Has Measured The Speed Of Light
This video was sponsored by KiwiCo. More about KiwiCo at the end of the show. I know what you’re thinking. - Clickbait! - No one has measured the speed of light, that’s ridiculous. The speed of light is exactly 299,792,458 meters per second. We are so s…
Warren Buffett: All You Need To Know About Investing in 6 Minutes
When we buy businesses, whether we’re buying all of a business or a little piece of a business, I always think we’re buying the whole business. Because that’s my approach to it. I look at it and say, what will come out of this business and when? What you …
Using quotation marks in titles | Punctuation | Khan Academy
Hello grammarians! Hello, Paige! Hi, David! So, today we’re going to be talking about quotation marks. What are they and what do they do? Paige Finch: We use quotation marks to indicate when someone is speaking, right? So if we’re writing dialogue, we ca…
Making Custard | Live Free or Die: How to Homestead
[Music] Custard utilizes ingredients that we tend to have a lot of, so I want to teach you how to make custard. All you need is milk, eggs, and honey, and then you can add some flour or corn starch and some vanilla. Okay, all right, let’s just use up all …
SURPRISE VLOG: Las Vegas
Okay, enough of that. This is not going to be a cinematic vlog here; I’m just showing you what I’ve been up to lately and right now. I need to get from London to Las Vegas and back again in 72 hours. This is guaranteed to be a jet lag disaster. But I have…