We Are So Fucked

Labor problems aren't going to get any better any time soon.  We've been pumping out MBAs by the carload, and they're working up thru the system with a kind of single-minded focus on Productivity Improvement as the one true path to profitability.  "Do more with less" is all well and good - everybody needs to be mindful of conserving resources and keeping costs down.  But when you take any one aspect of good management and turn it into an obsession, you're asking for trouble.

Here's today's formula:

  Economic Growth
- Productivity Growth
  Employment Growth

So, you're either making the same amount of stuff with fewer people, or you're making more stuff with the same number of people.  The thinking is that it doesn't really matter which way it tips, if you concentrate on Productivity, the bottom line stays healthy.

If you view it from inside the US, then we're just cannibalizing ourselves, and before long the whole thing craters because there aren't enough workers who can afford to buy the stuff they're making.  But Capital has no respect for political boundaries or any other civilizing conventions.  A market of 300 million Americans matters a lot less when your Potential Customer Pool is close to 7 BILLION.  Of course, that means we're cannibalizing the whole world now, but we believe strongly that by spreading the stress over a much broader surface, we minimize the problems and (most important) we postpone the crash long enough to find some solutions.  Color me dubious.  In the long run, it's still not sustainable.

We have to figure out how to rebalance.  There's always tension between Private and Public; Individual and Collective; Labor and Management; and and and.  It's a Yin-and-Yang universe, but that doesn't make it strictly binary, where it's always and only a choice between one extreme or the other.  It's not a Net Zero thing.  You don't have to lose for me to win.  And if everybody has to lose for me to win, then what's the point?  I can scramble to the top, slaying my competitors along the way; chasing down the gazelles according to my leonine instincts; cracking bones and sucking out the marrow of every deal, blah blah blah - but what have I accomplished?  In the end, I'm standing alone on a hill in the middle of a dead world.

I reject the premise that Economics has to be bloodless and dispassionate and without heart; that business has to be about conquest and consumption.  I expect people to conduct themselves honorably.