American productivity is up. Corporate profits are up. How are you doing? Mother Jones co-editors Monika Bauerlein and Clara Jeffery take a look today:
In other words, all that extra work you’ve taken on—the late nights, the skipped lunch hours, the missed soccer games—paid off. For them.
This will keep up as long as we buy into three fallacies: One, that to feel crushed by debilitating workloads is a personal failing. Two, that it’s just your company or industry struggling—when in fact what’s happening to hotel maids and sales clerks is also happening to project managers, engineers, and doctors. Three, that there’s nothing anyone can do about it.
No, no, and no. We got to this point because of decades of political decisions. To name but three: turning over the financing of elections to wealthy interests; making it harder for unions to organize; deregulating Wall Street (and completely wimping out on reregulating it after the financiers nearly destroyed the global economy). And even after having watched these policies bring the global economy to its knees, Mitch McConnell & Co. say that any questioning of corporate power is tantamount to rolling out the tumbrels. Please.
Read the whole article — All Work and No Pay: The Great Speedup | Mother Jones.