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Posts Tagged ‘labor

“My father taught me to work; he did not teach me to love it.”*…

 

04-kinky-labor-supply

 

Over the past few decades, labor force participation has sharply dropped for men ages 20-34. Theories about the root cause range from indolence, to a lack of skills and training, to offshoring, to (perhaps most interestingly) the increasing attractiveness and availability of leisure and media entertainment. In this essay, we propose that the drop in labor participation rate of young men is a result of a combination of factors: (i) a decrease in cost of access to media entertainment leisure, (ii) increases in both the availability and (iii) quality media entertainment leisure, and (iv) a decrease in the marginal signalling utility of (conspicuous) consumption goods for all but the highest earners.

At the macro level, this results in sub-optimal production, as firms are unable to satisfy their demand for labor via the usual mechanism of increasing wages. If you believe that economic productivity and growth are good, this presents a challenge when attempting to design stimulus policy, because subsidies or increases to the minimum wage would yield the same non-result as firms increasing wages. We discuss the potential efficacy of the somewhat radical idea of a tax on human attention or time spent consuming entertainment media as a way to stimulate productivity…

Somewhat radical, indeed…  Economics for the Leisure State: Andrew Kortina (co-founder of Venmo and fin.com; @kortina) and Namrata Patel (Product at Airbnb and former VP, Product + Design at Minted; @namratalpatel) on “Kinky Labor Supply and the Attention Tax.”

* Abraham Lincoln

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As we sample soma, we might send inclusively-calculated birthday greetings to Barbara Bergmann; she was born on this date in 1927.  An economist, she was a trailblazer in the development of feminist economics, contributing important work on topics that ranged from childcare and gender issues to poverty and Social Security.  She was co-founder and President of the International Association for Feminist Economics and a trustee of the Economists for Peace and Security.

Bergmann source

 

“My favorite special skill on my resume is ‘excellent monkey noises'”*…

 

0123_resume

 

If you walk into any bookstore or library in the world, you’re going to see dozens, possibly even hundreds of books about how to write a good résumé, how to structure it in a way that maximizes what you do best. Many will tell you to keep things under a page if you’re not above a certain age range; others will tell you that there’s nothing worse for making a first impression than a misplaced comma or repeated word.

But one thing that you likely will not find is a book that explains how to make a résumé that dates before 1970 or so. (Probably the first book on the topic with any long-lasting authority is Richard Bolles’ long-running What Color is Your Parachute? series, a self-help book that discourages the use of spray-and-pray résumé tactics.) Most of them will date to 1980 or beyond, in fact.

While both the résumé and the curriculum vitae existed before then and were frequently asked for in want ads as early as the late 1940s in some professional fields, something appears to have changed in their role starting in the late 1970s and early 1980s—around the time when many service-oriented fields first gained prominence—in which the résumé, particularly in North America, turned into a de facto requirement when applying for most new jobs.

Companies started treating humans as resources around this time, and many workers traded in their blue collars for white ones. It was a big shift, and the résumé was in the middle of it.

Why the name change, though? There are a lot of reasons why “résumé” won out over “application letter,” but I think one of the biggest might come from the education field of the era. The U.S. Department of Education’s Education Resources Information Center launched in 1965, and early in its life, relied on the terminology “document resume” to refer to its bibliographic entries, which are similar to résumés for people. This information reached schools through documents produced by the Education Department, and my theory is that the influence of this material on educators might just have touched the business world, too.

The shifting nature of work also made the need for more personalized applications more necessary. A 1962 book, Analyzing the Application for Employment, noted the overly complex nature of fill-in-the-blank application forms, and that they would often take hours for prospective employees to fill out. In the book, author Irwin Smalheiser of Personnel Associates highlights an example of one such person stuck dealing with complex application processes:

One man we know, who perpetually seems to be looking for work, has devised a neat system for coping with the application blanks he encounters. He has taken the time to complete a detailed summary of his work history which he carries in his wallet. When he is asked to fill out the company application form, he simply copies the pertinent dates and names of the companies for which he worked.

In many ways, a résumé solves this problem. While some level of modification comes with the work of sending out a résumé, you often can reuse it again and again without having to repeat your work. Sure, job applications stuck around for lower-end jobs, like fast food, but the résumé stuck around nearly everywhere else.

In a slower world, it was the best tool we had for applying for a new job. The problem is, the world got faster—and the model began to show its flaws…

The résumé, a document that largely gained prominence in the past half-century, was once a key part of getting a job.  Soon, it might just disappear entirely.  From the always-illuminating Ernie Smith, “Throw It In The Pile.”

* Ciara Renee

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As we boil it down (and spice it up), we might recall that it was on this date in 1834 that President Andrew Jackson sent federal troops to intervene in a labor dispute for the first time in U.S. history.  Foreshadowing the notorious cases of federal military intervention in labor disputes during America’s Gilded Age, Jackson quashed labor unrest during the construction of the C&O Canal.

AJackson source

 

Written by LW

January 29, 2020 at 1:01 am

“A man is worked upon by what he works on”*…

 

Jobs

 

Further to last week’s “The most perfect political community is one in which the middle class is in control, and outnumbers both of the other classes”*

The numbers tell one story. Unemployment in the US is the lowest it’s been in 50 years. More Americans have jobs than ever before. Wage growth keeps climbing.

People tell a different story. Long job hunts. Trouble finding work with decent pay. A lack of predictable hours.

These accounts are hard to square with the record-long economic expansion and robust labor market described in headline statistics. Put another way, when you compare the lived reality with the data and it’s clear something big is getting lost in translation. But a team of researchers thinks they may have uncovered the Rosetta Stone of the US labor market.

They recently unveiled the US Private Sector Job Quality Index (or JQI for short), a new monthly indicator that aims to track the quality of jobs instead of just the quantity. The JQI measures the ratio of what the researchers call “high-quality” versus “low-quality” jobs, based on whether the work offer more or less than the average income.

A reading of 100 means that there are equal numbers of the two groups, while anything less implies relatively lower-quality jobs. Here’s what it looks like:

Job Quality

So, what is this newfangled thing telling us? Right now the JQI is just shy of 81, which implies that there are 81 high-quality jobs for every 100 low-quality ones. While that’s a slight improvement from early 2012—the JQI’s 30-year nadir—it’s still way down from 2006, the eve of the housing market crash, when the economy regularly supported about 90 good jobs per 100 lousy ones.

Or, in plainer English, the US labor market is nowhere near fully recovered from the Great Recession. In fact, the long-term trend in the balance of jobs paints a more ominous picture…

Quality vs. quantity: more at “The great American labor paradox: Plentiful jobs, most of them bad.”

Resonantly, see also: “Job loss predictions over rising minimum wages haven’t come true.”  The higher minimum wages in question are still below the average that separates high- and low-quality jobs; but they are a step in the direction of narrowing the gap.

* “A man is worked upon by what he works on. He may carve out his circumstances, but his circumstances will carve him out as well.”  – Frederick Douglass

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As we “Get a Job,” we might recall that it was on this date in 1956 that serendipity yielded one of the coolest collectibles ever: rockabilly legend Carl “Blue Suede Shoes” Perkins was recording at Sam Phillips’ Sun Records in Memphis; Perkin’s buddy Johnny Cash, a Sun artist and a country star by virtue of his recent hits “I Walk The Line” and “Folsom Prison Blues,” was hanging out in the booth; and soon-to-be-famous Jerry Lee Lewis was playing piano (for a $15 dollar session fee– “Whole Lotta Shakin’ Goin’ On” was set for release a few weeks later).

A couple of years earlier, Phillips had launched Elvis Presley with “It’s Alright Mama”; but in 1955, as Elvis’ career exploded, Phillips had sold his contract to RCA, and Elvis moved on.  But The King was back in Memphis that fateful day; he stopped by Sun to say hello… and an impromptu jam ensued.  Phillips had the presence of mind to order his engineer, Jack Clement, to roll tape– a tape that was promptly shelved, forgotten, and unheard for 20 years.  The recordings of what was arguably the first “supergroup” were found in 1976 and finally released in 1981… since when, they’ve been treasured by fans– a new crop of which has emerged with the success of the Broadway musical Million Dollar Quartet.

https://i2.wp.com/farm9.staticflickr.com/8200/8239430651_733906291d_o.jpg source

 

 

Written by LW

December 4, 2019 at 1:01 am

“Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution”*…

 

What can a 19th-century rebellion against automation can teach us about the coming war– the robots are coming!– in the job market?

Clive Thompson, an author and journalist at the New York Times Magazine and Wired, revisited Luddite’s history in an article for The Smithsonian to see what it could teach us. As machine learning and robotics consume manufacturing and white-collar jobs alike, the 200-year-old rebellion’s implications for automation are more relevant than ever, says Thompson:

“The lesson you get from the end of the Luddites is: Do the people that are profiting off automation today want to participate in distributing their profits more widely around the population, or are they going to fight just as hard as they did back then?”

That economic and political question is hanging over western democracies coping with a wave of populism seemingly tracking a widening gap between stagnant wages and ballooning wealth at the top. While automation eventually tends to create new jobs even after it destroys old ones, that’s little consolation for millions of workers whose skills and experience are obsolete…

More on this all-too-relevant history in a interview with Thompson: “Luddites have been getting a bad rap for 200 years. But, turns out, they were right.”

And do read Thompson’s original article: “When Robots Take All of Our Jobs, Remember the Luddites.”

Then, check out “Robots don’t have to take over jobs in order to be a problem for workers.”

* Stephen Hawking

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As we heft our hammers, we might we might send thoughtful birthday greetings to José Ortega y Gasset; he was born on this date in 1883.  A philosopher and essayist, he is perhaps best known for The Revolt of the Masses, which characterized 20th-century society as dominated by masses of mediocre & indistinguishable individuals– a conception tha converged with other “mass society” theorists like Karl Mannheim, Erich Fromm, and Hannah Arendt.  (Lest his view be seen as too grim and judgmental, he is memorialized in what has become known as “the Ortega hypothesis,” based on a quote in The Revolt of the Masses, that states that average or mediocre scientists contribute substantially to the advancement of science.)

In exile during the Spanish Revolution, he refused to support either side or to hold academic office under Franco.

 source

 

Written by LW

May 9, 2017 at 1:01 am

“There are people in the world so hungry, that God cannot appear to them except in the form of bread”*…

 

We stand at the precipice if we don’t re-evaluate our understanding of poverty and inequality. The narrative in the neo-liberal west is that if you work hard, things work out. If things don’t work out, we have the tendency to blame the victim, leaving them without any choices. Brexit, Le Pen, and the defeat of Hillary Clinton are examples of the cracks that result from inequality and poverty, symptoms of my childhood experience writ large. The Piketty pitchforks are out, and the march to global disorder can only be arrested by adopting measures that begin to price in the stacked deck that I and anyone else born into deep poverty sees, and resents.

I believe we will see the Italian Five Star Movement submit a referendum to leave the EU this year, and that Marine Le Pen has better than even odds of winning the French election. The EU is in danger of buckling under a globalist defeat and may exist in name only two years from now.

These trends are being accelerated by the blind belief that the poor have failed to seize the opportunities that the market or globalization has created. This myth deserves to be taken off life support—and the emerging, empirical, and carefully observed science of poverty can help us do so if we pay it the attention it deserves…

A powerful plea for a fundamental re-understanding of the economic inequality that vexes our society, and of the myth of meritocracy that has helped sustain it: “Why Poverty Is Like a Disease.”

* Mahatma Gandhi

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As we agree with FDR that “the test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little,” we might recall that this date in 1907 was “Bloody Tuesday.”  The San Francisco streetcar strike, which had begun two days earlier, erupted into violence when armed strikebreakers fired into an angry crowd of strike supporters.  Soon armed strike sympathizers returned fire.  2 died; 20 were injured.

Armed strike breaker, left, shoots into the crowd on Bloody Tuesday, May 7, 1907. The original caption in The San Francisco Examiner said that “Photographer Coleman” took the picture “the moment before the man running beside him was fatally shot.”

source

 

Written by LW

May 7, 2017 at 1:01 am

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