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
Seth Klarman: The Secret to Outperforming the Market
You need not to be greedy. If you’re greedy and you leverage, you blow up. Almost every financial blow-up is because of leverage. And then you need to balance arrogance and humility, and I’ll explain what I mean. When you buy anything, it’s an arrogant a…
Ecological succession | Biodiversity and human impacts | High school biology | Khan Academy
You look at a community that is in a given habitat. A natural question is to say, “Well, has that community always been that way? Has it always been there? Was there a time where maybe there was no life there?” And the answer is, well, yes, the communitie…
How Did Michael Burry Predict the 2008 Housing Bubble? (The Big Short Explained)
Home ownership has long been the classic American dream, and throughout the decades, banks have continued to make new home loan products to help as many Americans as possible achieve that dream. Not to mention that governments as well have also been very …
The Most Insane Weapon You Never Heard About
In the 1950s, the US began the top secret project Sundial; most of it is still classified. The goal: a single nuclear bomb so powerful it would destroy all of human civilization. Conceived in cold logic from the mind of a genius scientist, Sundial had the…
Winter’s White Gold | Port Protection
Growing up out in this part of the world, virtually all the old-timers put up their fish in jars or cans. My uncle had a tin can, or my dad’s mom had a tin can for quite a while. There was a way of life back then; we gave it a little bit of olive oil to t…
Trying to Forget | Badlands, Texas
Most of this little town here we call Terlingua is a large area, but we’re like family, you know? We grew up together. The trial and what transpired before it, the Jers, they don’t see that because they didn’t have any interaction like we did. So that’s w…