As the 21st century progresses, the economy and the work force are changing. If the can’t increase their market share – and sometimes, even if they can -businesses are looking to reduce their costs. And oftentimes, employees are regarded as cost centers rather than assets. Meet the permatemp. This podcast from ProPublica is worth listening to.
Unless you’ve been living under a rock for the last few years, you’ve heard of TED. On their About page, TED present themselves as a “nonprofit devoted to ideas worth spreading.”
I’ve watched a few TED presentations and gotten value out of them. Mind you, one may not always agree with the presenter. But the speakers are always eloquent and present their ideas clearly. Along with @WFMU, who tweeted the following link, I’m wondering why TED initially declined to make public Nick Hanauer’s iconoclastic presentation on income inequality.
You might expect Nick Hanauer, venture capitalist and one of the first non-family investors in Amazon, to toe the line about the rich being job creators, but he goes in an entirely different direction. Here’s the video, finally released due to public criticism of TED:
The phrase “job creator” is already over. It’s simply a shrill sound bite that invites one to put the subject on a pedestal and bow down in awe. No need to think too hard. We need to look behind the curtain to see what’s really going on.
The casino is a perfect metaphor for the fragmenting of the U.S. economy. Here’s a view from across the pond.
I had to read this dismaying story twice about the manufacture of iPhones in China. The question isn’t whether American companies have an “obligation” to support American workers. Rather, how long do American businesses expect people to buy their products with minimum wage paychecks from a fast food restaurant job?
I don’t begrudge China its success in turning into an industrial powerhouse. What is distressing, however, is the inability or lack of interest in keeping up with the times.