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Andrew Reinbach

Andrew Reinbach

Posted: July 11, 2010 09:23 PM

Work, and Tomorrow

What's Your Reaction:

We live in the world of work. But whether we hold onto our jobs or not, that world is being taken from us; taken by the blind forces of aging, science, and arithmetic.

In the '70s it was popular to say that work is how you survive, but your life was elsewhere. But that was even wrong then; aside from sleeping, work is how we spend our time and how we identify ourselves. For many of us, the rest of life is squeezed into the margins.

And those margins keep shrinking, whether we work in an office or on a road crew. For most professionals, a 60-hour week is now routine, while working-class people take for granted that they need to work longer hours, at several jobs, just to keep body and soul together.

As I said in an earlier piece, the biggest investors -- mostly pension funds -- are mercilessly squeezing the companies they invest in to do better and better, quarter after quarter, because their pensioners are routinely living well past what the funds' actuarial tables predicted.

This in turn is creating a dystopian world -- one in which many Americans will be frozen out of a life they considered their birthright as recently as the 1980s. That disappearing world was beautifully laid out in The Daily Kos, in its recent posting, "John Boehner's America".

But those of us who manage to stay on the inside won't be much better off. The world of blue-collar work is getting harder and poorer; but so is the white collar world.

According to The Wall Street Journal, the US is not replacing jobs at anywhere near the rate of the rest of the world. The piece blames most of this on weak banks and the huge amount of household debt; but anybody with a job knows another reason is that employers know they can get more work out of the same people -- so why hire?

That lesson won't be lost on business when the recession finally ends. And in fact we're already hearing from some economists that wages need to fall for business to regain their health, even though real wages for most working people have been pretty much flat since 1990, while the cost of living has been rising an average of 3.07 percent a year.

People are already seeing the result in the workplace; white-collar sweatshops. Today's offices, in fact, are looking more and more like call centers, where people work like machines in little cubicles, at jobs with a 97 percent failure rate. It's even worse for interns and young hires, who have work piled on them until they break -- after which management says the kid didn't have what it takes.

It's all unfair and mean-spirited; but what does that matter to management, when there are so many people dying to get any job? Even though, in fairness, management's just trying to survive in a brutal world driven by those investors -- driven themselves by arithmetic.

Of course, it doesn't have to be this way.

Pension funds, for instance, could stop squeezing their investments without short-changing their retirees, if their sponsors -- companies and governments -- stopped demanding the funds make enough money to spare said sponsors the agony of actually contributing to said funds.

This is the great, open secret of pension funds; sponsors expect employees to make regular contributions to their pension out of their paychecks, but expect the funds themselves to be self-funding -- to make enough money that the sponsors don't need to put a hand in their own pocket. Then the sponsors can report the money they don't kick in as profit, while reporting the funds themselves as growing assets.

I hate to sound old-fashioned, but that doesn't seem very fair to me. If a corporation is a legal person -- as we learned in the Supreme Court's recent Citizens United ruling - -then that person isn't exempt from its obligations to the community; in this case, the community that makes up the company, and supports its pensioners. The same goes for governments, which -- according to theory -- are us.

Will plan sponsors bite the bullet and do this? Not without a fight. Companies will complain it will mean lower profits -- they're right -- and governments will warn it would mean higher taxes -- it will.

But isn't that a price worth paying? Do we really want to turn the world of work -- the place we spend most of our time -- into a nightmare almost no one can survive?

In any event, the probable complaints are, as usual, only half-true.

For instance: If all companies start contributing to their pension funds, then all company profits will decline by similar amounts, and no company will lose what MBAs call a competitive advantage.

The worst that could happen is that senior management would make a little less. And there's the real reason: Senior executives are raking it in too fast to want anything to change.

As for governments needing to raise taxes: It's time this country stopped worshiping at the altar of cutting taxes forever, and accept that you get what you pay for. That includes cops and teachers. Taking care of our own is part of our mutual obligations as a society. Plus, like I said, the government is supposed to be us.

Another thing we can do? Medicine -- and we -- can accept reality and stop imagining we should live forever.

I'm not talking about withholding treatment from the sick or convening those death panels Betsy McCaughey and Sarah Palin keep lying about. But I do think that modern medicine could use a dose of common sense.

Medicine is still wrestling with the idea that if something can be done, it must be done. But if you ask me, medicine should embrace what A. H. Clough wrote in the 1840s: "Thou shalt not kill, but needst not strive officiously to keep alive."

It just seems to me that the typically aggressive treatment of every ailment of age is both unnecessary, and unwise. I know that I've had that conversation with my doctor; she not only agrees with me, but doesn't think it makes me suicidal -- only that I know death is part of life.

Demagogues are bound to turn that into something depraved, or sad; but it seems to me that it's a personal call, and none of their damned business.

It also seems to me that if we, as a people, embraced that idea, pension funds wouldn't have to squeeze their investments so hard, the living could live better lives, and the dying can be left in peace. And I don't see how that's a bad thing.

The problem is that even though there's no evil genius, or committee of evil geniuses, steering this bus -- you might wish there were -- the forces that really run this country, and keep stirring the political pot, have nothing to gain by allowing a rational discussion of either of those ideas.

In fact, it's much better for them if we keep slugging it out over a bunch of half-true slogans than come to grips, as a people, with what's turning our country into something out of a bad sci-fi movie. That way, after all, we won't notice what's happening right under our noses.

The worst thing about that: Said forces don't even care if what they're doing gets written up, and published.

In fact, pieces saying so are fine with them; it preserves the illusion we're living in a world responsive to the will of the people -- something the middle class goes along with out of delusion or fear, and that the working class understands is only going to work against them -- which is why they're so angry, and susceptible to the blandishments of right wing talk radio.

Those forces know they've got the whip hand, after all, and can always change the subject.

 
 
 
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06:15 PM on 07/12/2010
greetings.....so, everyone has been working really hard all these years and, along with increasing technology, material ABUNDANCE has been created (in many cases it is relative)......now, in the face of material abundance what exactly is the reason to continue working really hard?!.......perhaps our memories (of scarcity) haven't caught up with our new reality of material abundance ($11 trillion in cash in the hands of the wealth few).......I used to be proud to say that I wasn't afraid of hard work....now, finished with pride, I think a little collective fear of hard work might be in order.......enjoy your time.....life is good.....memento mori....
07:05 PM on 07/12/2010
Okey doke.
05:20 PM on 07/12/2010
Great article!

"But isn't that a price worth paying? Do we really want to turn the world of work -- the place we spend most of our time -- into a nightmare almost no one can survive? "

Why do we always think of survival of anyone not at the top as a lost cause?

The attitude -- and I call it that because it is not a fact -- that management can never cut its pay and shareholders never make a little less is one of the most absurd ever wholeheartedly embraced and treated as unassailable fact by the American public. The standard rhetoric that if companies get taxed more or are forced to adhere to higher safety standards they will just pass that increased cost on to the consumer takes for granted that a favored rate of return is guaranteed because customers will never shop elsewhere and employees will never jump ship. Sketchy premises to be sure. And if they turn out not to be true, there is certainly another option besides bankruptcy.

It is astonishing that at this point, such an obvious conclusion is so distant from public discourse as to sound like some sort of fantastic hallucination.

Why is profit margin the one thing that we insist that, come hell or high water, cannot possibly change? That's the original economic fact that was never a fact, and yet we treat it like holy writ.
03:51 PM on 07/12/2010
Its the golden rule, those that have the gold RULE. The 2 Percenters who basicly own the the majority of everything have set a course for the rest of us. we will eventually have a homoginized populace world wide that will all make about the same amount of money, spend about the same amout of money, and they will stay rich and powerfull on the volume. The only reason this will take place is because most of the world has its head ups it a** most of the time and won't take the time to to look at whats going on around them. You don't have to take my word for it, just look at the long term trends. everybody is so worried about Big Brother Socialism, but think nothing of Bigger Brother Corporation running every aspect of thier lives. WAKE UP PEOPLE !!!!
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bongoboy
02:41 PM on 07/12/2010
http://www.wvgov.org/sec.aspx?id=36

Contact the Governor, Joe Manchin
1900 Kanawha Boulevard, E., Charleston, WV 25305
Toll-Free: 1-888-438-2731 | Email: WVGov.orgWVGov.org

please please please! take one minute of your day today, just one minute of your time, and contact the west virginia governor today. he is dragging his feet on replacing senator byrd's senator seat. we need this seat filled NOW to extend unemployment benefits for millions of Americans in dire need. please call or write him today; every day counts for millions of hungry and soon to be evicted unemployed Americans. this is a national emergency. thank you

ps if you care, please copy and paste at will...
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RedneckDem
The top 1% stole my made in china bootstraps
02:07 PM on 07/12/2010
Wouldn't enacting fair trade policies assist in this new vision? We are still the top consumers out there so if we set the example as to how to protect your jobs and fianacial security and not sell out to multi-national scourges out there who are intent on exploiting everything this world has to offer (at everyones expense).

Once we set ourselves upright again we can intsitute a Marshall plan for economic rejuventaion that respects countries and culture alike. No more NAFTA's or other "free" trade agreements, just fair trade. It seems to me that it would have been much better for the US to show China and India how to serve their own billion plus populations in lieu of having them grow based upon building stuff that we can make for ourselves.
01:13 PM on 07/12/2010
We must reinvent ourselves. Now is the time. The plunge is always scary, but once you are in the water, it is never as cold as imagined. The weak crumbling ground of a precipice is as scary as anxious feet (or whatever connects person to ground with acknowledgement love and respect to amputees and others who have not feet) imagines. The Amish have it right in their community approach to living (The Amish appear not lazy either, so there goes that argument). We have to rebuild on a model of concern for another begetting prosperity for all versus concern for self begetting prosperity for self at the expense of all. This is no call for socialism or wealth redistribution (who comes up with that divisive bunk); it is a call for an emergency intervention for a nation hooked on the drug of greed and arrogance begetting all of the ills that come from such drug use. Until we intervene, America will remain on shaky ground where it concerns the masses that form the working class. Great leaders to conceive of and to articulate the vision, innovative and diverse minds to formulate the process of arrival, and an inspired informed and determined populace is all that is required to move the ball. If we can give a powerful transformative idea a voice and momentum, there is no stopping beneficial change, and there is reason for hope.
04:56 PM on 07/12/2010
One of the biggest IF's I've ever seen. Good luck.
07:14 PM on 07/12/2010
I am not waiting around. I cannot say where my efforts and that of several others will lead, but I can say that my words do not come out of an idle spirit. I am a simple fellow (thankfully), so, my needs are simple. I need to be the source for all I envision. I have worked under other models and found them limiting. I have reinvented myself, several times, not in an attempt to disguise but always as a reaction to a greater (or more lucid) truth recognized.

Life is urgent, but also beautiful. Through the urgency I find time to contemplate and enjoy the beauty. It is only in this way that I am lazy. Where it concerns what I put forth as the solution...we burn the midnight oil for change. We have put plans and capital to change. This conversation within this virtual environment has never bordered on theory. The need to accomplish and to be accomplished should never be driven by anything other than a real and pressing need to serve and for service. If an idea is pure, it will sustain beyond flesh time and space to stand strong amidst the tall waves of any future time. Transformation/education is a process, and via that process change is going to come. Mr. Obama maintains high favorability despite his tendency towards the ill-advised (principle compromised)…due to this fact. The man has the potential but not yet the appropriate mindset for greatness.
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PrometheanSalvation
Bringing fire to cleanse the land.
12:50 PM on 07/12/2010
Without a complete structural overhaul of the economy, including its underpinnings, we are doomed. End the rule of finance.
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Carl Caroli
I just don't understand people
10:14 AM on 07/12/2010
Exactly right. Wall St. has our two party political system locked in a virtual stalemate of partisan politics where nothing of significance can possibly be accomplished, and that is, as you say, to their liking. In fact, they even encourage more shouting and obfuscation by funding tea party events, all conveniently done to hide the facts, and blur the real issues with idiotic slurs, while their bonuses and salaries increase. Wall St. is firmly in the corner of not changing anything that might disrupt their gorging on the economic carcass of this country, and our politicians are too weak and corrupt to do anything about it.
Jay Haney
My nuclear family imploded when I was 18. I've bee
09:49 AM on 07/12/2010
I've spent my life working since I was 16. My jobs, in spite of getting an associate's in Natural Science, have all been low class cashier jobs or, as Mr. Reinbach puts it, "white collar sweat shops". I did all this because I was taught that I needed to do something "respectable" as opposed to what I wanted to really do. Now...I've found out, maybe way too late, that I should trusted my instincts as opposed to listening to people who apparently had less of a clue about a good life than I did. Retirement, needless to say, never even enters my mind.
08:02 AM on 07/12/2010
Our Government is the one responsible for creating the sad work outlook in this country. Back in the 60's and 70's an employer had till the end of the first Quarter of the next year to fully fund their Retirement Accounts. Through the years, the Republicans changed this several time, extending the deadline further and further each time. Now, many of the large Corporations simply fold up and never have to fund their Pension Plans. The U.S. Government picks up the tab by funding 75%. In other words, we get screwed. What we need is a good Government that will put regulations in place to bring this country back to reality. We also need a fair trade policy. Its not the math and Science that is Killing us, its bad politicians in Washington.
06:18 AM on 07/12/2010
This is the best I've seen on the subject. This not funding pensions started many years ago and the move from defined benfit pension to 401 (k) is just one step. That a corporation can buy another and treat the pension plan as just any other asset is criminal.
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GunnyJ
I do my best every time.
06:16 AM on 07/12/2010
To an extent we are all suckers in this deal. Why? Because as much as we hate corporations, we still trust them when we work for them and with that, we trust them with our money. We knowingly trust the crook with our money! Amazing! When you think about it, why do we need somebody to hold our money for us when they always have an excuse not to live up to their end of the bargain? SAVE YOUR OWN MONEY IN YOUR OWN RETIREMENT (LEGITIMATE) FUND!
Work has become a drug whereby we need it so bad we fail to see how badly we are undervalued and underpaid, as long as we can make ends meet.... You can't tell anybody because you'll be let go, upsetting the apple cart and making life hard for everyone else, a terrible cycle. Solutions are few and difficult because corporations have the lawyers and the laws and we have nothing....
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PrometheanSalvation
Bringing fire to cleanse the land.
12:46 PM on 07/12/2010
I wish I didn't agree with you.
05:45 AM on 07/12/2010
In 1994 we brought in compulsory Superannuation whereby the employer has to pay into an accredited scheme 9% on top of the wage being paid. This was done to try and make provision for the demographic shift that this article alludes to. The corporations at the time of course said the sky would fall but it hasn't. We also tax our oil producers 40% on profit. We are about to tax our iron ore and coal producers on their profits. Of course corporations will always complain and very loudly - but a country is its people and NOT its corporations - everyday people who are just trying to get by. So do stuff for your own people and I'm sure the corporations will cope.
02:30 PM on 07/14/2010
You write:
"corporations will always complain and very loudly - but a country is its people and NOT its corporations"
But didn't the Roberts Court just declare that corporations ARE people? Up is down and right is wrong...
04:19 AM on 07/12/2010
upper management see themselves as entitled and will never allow cuts in their pay. they view themselves as cream that rises to the top of milk when in reality they are the ooze that rises to the top of a stagnent pond.
02:33 PM on 07/14/2010
While modern CEO egos are revolting, my real disgust is with all of us who not only failed to refute this trash but have repeated it so often and so widely that we now belive it to be true!
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MerrieWay
03:22 AM on 07/12/2010
When 401K's plummeted...retirement became a word in question. Saving for old age took on a downward spiral...for the working class,that is. When multi-millionaires collect social security ( their legal right) and the masses struggle to pay for meds, we are on the brink of a third world collapse. A clear distinction of the 'haves and have-nots'.