I’m trying to think when, exactly, it became Received
Wisdom that anyone whose income is derived from salary or wages instead of from
investments is a chump. Possibly that started during the Reagan administration,
but it certainly has achieved wide circulation in the past 15 years.
We see it all the time in the commoditization of labor in
all forms, from bus boys to software engineers, who across the board put in work
weeks that would have sent unions out howling on picket lines just 50 years
ago. At the lower end, they work two or three jobs to earn a subsistence
living; at the upper they risk being replaced by offshored equivalents if they
don’t chalk up 60-hour weeks on a regular basis to meet ludicrous schedules.
And all along the way they are ridiculed and demonized as
being, at heart, slackers, moochers and unimaginative losers. Because if they
had any gumption at all, we’re told, they’d have either inherited some wealth,
managed hedge funds for obscene fees, or come up with the Next Great Thing (“the
Google/Uber/iPhone of [whatever]”) and sold it just after some overhyped IPO
and moved on to something else.
I mean, here in the Valley They Call Silicon, the big
dogs all call themselves Serial Entrepreneurs, and venture capitalists fall all
over themselves to throw money at them for their next big cookie-cutter thing. The
people who do the actual building may or may not make a couple hundred large if
they happen to be there when lightning strikes; but they can equally find
themselves looking for another job if the serial entrepreneur in a neighboring
building’s cookie-cutter thing goes IPO first.
(As for the people who clean the offices, deliver the
snacks in the stocked kitchens and drive the corporate commuter buses—they’re
all contractors, working for a series of interchangeable vendors with no
concern for health, safety or proper accounting practices. The vendors don’t
care who the contractors are; the client companies don’t care who the vendors
are. All that matters is who’s going to cost the least.)
Because it’s all about the short-term big payoff, not
about long-term growth. Only slackers, moochers and unimaginative losers think
about long-term commitments; winners aim to take it all. Now.
This being Labor Day, the serial entrepreneurs, investment
bankers and trust fund babies are doing whatever they do in their substantial
cushion of comfort. The workers are marking the official end of summer, maybe
barbecuing or hitting the retail sales. I’m thinking about the generations of
men and women who literally put their lives, their subsistence (no fortunes for
these folks) and their sacred honor on the line so that workers could receive
fair wages for their labor, so that they could perform that labor under safe
working conditions and so that they could build pension plans that meant they
wouldn’t have to work literally to death.
These were radical notions 150 years ago—the very idea that sharing out some of the
proceeds of productivity with its producers was just cray-cray. But those
radical notions—and the radical men and women who fought for them—brought the
United States to its zenith of innovation and prosperity. When the labor tide
rose, so did everyone’s boat.
Sadly, that tide has receded. We are continually being
told that American companies cannot compete in the world economy if they have
to think about the welfare of their employees. In their minds (as always), welfare = unearned largesse, AKA the dole. No, every penny that doesn’t go to executive compensation must be pinched
to the limit by longer hours, tighter budgets and lower taxes.
I think we’ve hit a situation where a small percentage
(say, one percent) of the people have been eying that goose that lays such
beautiful golden eggs, and they’re convinced that there’s a simple way to release
an immediate gush of gold by applying this cleaver to its neck…
And I’m probably just being contrary when I say that I
perceive something flawed in that strategy.
In the meantime, I am (as always) grateful to the people
who fought for the value of labor in real life-and-death struggles for decades
in the 19th and 20th Centuries, and for those who
continue that fight in these gig economy times. Mother Jones, Wobblies, all of
you—thank you.