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
Optimal decision-making and opportunity costs | AP(R) Microeconomics | Khan Academy
What we’re going to do in this video is think about optimal decision making by rational agents. It’s just thinking about how would a logical someone with a lot of reasoning ability make optimal decisions and make the best decisions for themselves. Well, t…
Captain Cook Snags a Big Tuna | Wicked Tuna | National Geographic
Getting anything better down there, Johnny? A lot of bent rods. So we’re just getting set up right now on the Regal Sword. We made the move down from Crab Ledge last night. Might just set up right in here. Yeah. You know, you just get panic in panic mode…
Unlimited Resources From Space – Asteroid Mining
Аhhh, casually watching a video on YouTube on a computer more powerful than anything humanity could build a few decades ago. Тhis progress and all the wonderful machines you take for granted are built on a few rare and precious materials with names like T…
When Does Healthy Fitness Become Unhealthy? The Dark Side of Teen Bodybuilding #Shorts
The gym has been a sort of therapy for me, and when I go there, I can turn the world off for an hour or two and just focus on pushing the weight. Going to the gym regularly also teaches discipline, hard work, consistency, and perseverance, all of which ca…
Signs You're in a Cult
I know that deep down, you feel like your life lacks meaning. The daily grind wears you down, leaving you feeling broken and lonely. You’ve got work stacked on top of school, compounded by chores and errands, and there’s just no time for you to experience…
2005 Berkshire Hathaway Annual Meeting (Full Version)
Morning. I’m Warren. He’s Charlie. We work together. We really don’t have any choice because he can hear and I can see. I want to first thank a few people. That cartoon was done by Andy Hayward, who has done them now for a number of years. He writes them,…