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
Neil deGrasse Tyson on a Dystopic Future | Breakthrough
It’s always been a curious fact to me that the most successful science fiction storytelling involves completely dystopic scenarios or finales, and all of them, essentially all of them. Now maybe at the end they give you some glimmer of hope, but somethin…
Ratios with tape diagrams
We’re told Kenzie makes quilts with some blue squares and some green squares. The ratio of blue squares to green squares is shown in the diagram. The table shows the number of blue squares and the number of green squares that Kenzie will make on two of he…
Why Fundraising Is Different In Silicon Valley - Michael Seibel
Neither day I did office hours with the YC company, and they were very concerned about fundraising because they had tried really hard to fundraise in their local community. They grew up in North Carolina, and it was impossible for them to raise any money.…
The Ponzi Factor: Banned on Quora
The first fallacy, when I believe the most fundamental falsehood that leads to other false ideas, is the notion that stocks are equity instruments that represent ownership. Finance professionals will argue the stock market can’t be a Ponzi scheme because …
Prepping Chestnuts for Planting | Live Free or Die: How to Homestead
[Music] I’m going to show you how to start chestnut trees from seed. The first step is to find a chestnut tree. These are some chestnuts that we harvested. You want to promptly heat treat your chestnuts after harvesting them, or else you lose them to mold…
A Stoic Approach To Envy
Since many of you asked, I decided to deliver. As a sequel to my video about jealousy, let’s talk about envy. What is envy? How should we handle it? What can we learn from the Stoics in regards to envy? And is it really a bad thing? First of all, I want …