(Ep. 45) Fractured - Fissured Work and the Destruction of the Middle Class

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3y ago 26:35

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The problems with this ‘fissuring of the workplace and economy’ are manifold.

Wages are depressed, job security is destroyed, fewer people with company provided insurance, etc. As all of these wage and benefit structures collapse in favor of the lowest bid, there is further degradation of these systems further downstream.

When workers lose the ability to demand, or even request, better wages and benefits, then the firm gains even more power to depress wages and benefits and squeeze its employees. As the asymmetry of power increases exponentially it begins to feed itself power and the cycle simply continues.

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