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
Craziest Xbox Game? 10 MORE WTFs
Vsauce Michael here, coming via webcam in Kansas. I’m headed back to NYC tomorrow, but I wanted to send you 10 quick Vsauce video game wtf’s. I was inspired by ACJ 2010’s comment about some snow humpers in Doodle Jump. I couldn’t find video confirming thi…
What Everyone Gets Wrong About Planes
(brooding music) Most plane doors aren’t locked. There are no keys, no sensors, or passcodes to secure them. If someone wants to pull the lever, they can. A man opened the emergency exit door and forced his way off the plane. And yet with 40 million flig…
Gordon Tries Smoked Oysters | Gordon Ramsay: Uncharted
They’re all live oysters. This is all live oysters, so they’re everywhere. I’m here in Maine on North Haven Island, where I’m going to harvest oysters with Adam, a local farmer of America’s favorite mollusk. This little tiny bed can produce 250 to 300,000…
Life lessons in the Alaskan wilderness | Alaska: The Next Generation
Gotta have a subsistence lifestyle way to live out here. We eat from the sea. From the birds. Not really other ways to, uh, get food around here. Salmon only comes once a year and, uh, gotta try and the time they come around. Argh. Come on fish. You see a…
Charlie Munger: How the Stock Market Really Works
[Music] Charlie Munger is commonly referred to as Warren Buffett’s right-hand man, but he’s actually a very clever, smart, successful investor in his own right. Back when he ran his investment partnership, he was able to generate 20% annual returns for a…
Now's the Time to Buy Stocks | Warren Buffett Just Bet $20 Billion on These Stocks
It’s been a whopping six years since Buffett has made an investment like what just got announced. One of the biggest criticisms in recent years about legendary investor Warren Buffett is that he’s been sitting on the sidelines and not investing while stoc…