America Is About To Witness The Biggest Labor Movement It’s Seen In Decades
The past four decades have been perhaps labor’s weakest since the Industrial Age. For a half-century, those working for hourly wages have won almost no real gains. The real average hourly wage in 2018 dollars adjusted for inflation was $22.65 in 2018, compared with $20.27 in 1964 — just an 11.7% gain.
The Great American Labor Paradox: Plentiful Jobs, Most Of Them Bad
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.
How Being A Workaholic Differs From Working Long Hours
An HBR survey found that work hours were not related to any health issues, while workaholism was. Specifically, employees who worked long hours, but who did not obsess about work, did not have increased levels of RMS and reported fewer health complaints than employees who demonstrated workaholism.
The Madness Of Airline Élite Status
When you fly a lot for work, as I do, you check your frequent-flier mile balance often, to provide data for competitive commiseration. Frequent fliers sometimes go to great lengths to keep their airline élite status, and those efforts are often completely out of proportion to the perks.
How One Company You’ve Never Heard Of Swallowed Tens Of Thousands Of Text Messages — Then Spit Them Back Out
People woke up to strange text messages from friends and loved ones. The messages had actually been sent months earlier, on Valentine’s Day, but had been frozen in place by a glitched server and were only shot out when the system was finally fixed nine months later.
What Ever Happened To Waterbeds?
After a heyday in the late 1980s in which nearly one out of every four mattresses sold was a waterbed mattress, the industry dried up in the 1990s, leaving behind a sense of unfilled promise and thousands upon thousands of unsold vinyl shells.
The 30 Year-Old Airline That’s Never Flown
Back in 1989, a guy by the name of Igor Dmitrovsky filed the paperwork to incorporate a small little business in the state of New York. This company would enter the metal cylinder organism transport business under the name Baltia Airlines. The airline was to fly from New York, US to St Petersburg, USSR.
Africa’s Richest Man Makes A $17 Billion Bid For Immortality
Aliko Dangote’s plan to reduce Nigeria’s dependency on fuel imports will carve out an even bigger slice of the nation’s $376 billion economy for his empire. Dangote’s future—and, as he likes to say, that of the entire continent’s economy—lies to the south on the Nigerian coast: the construction of a vast oil refinery.
How The Wealthy Hide Billions Using Tax Havens
Every year, about 70 billion dollars that the US could be using for infrastructure, law enforcement, healthcare or education is missing. It’s hidden deep within shell companies and anonymous entities in places like the British Virgin Islands. What exactly is a shell company and how does it work?
How Africa Can Get Rich
Africa is changing so fast, it is becoming hard to ignore. In the short term, the continent faces many problems, but in the long term, it could rival China’s economic might. By the end of this century, Africa is set to play a much bigger role in world affairs. The Asian growth miracle is likely to slow Africa’s rapid rise could be next.
A Belief In Meritocracy Is Not Only False: It’s Bad For You
Meritocracy has become a leading social ideal. Politicians across the ideological spectrum continually return to the theme that the rewards of life – money, power, jobs, university admission – should be distributed according to skill and effort.
Printing’s Not Dead: The $35 Billion Fight Over Ink Cartridges
HP’s printer supplies business garnered $12.9 billion in sales last year, and the printer division overall represented 63% of the company’s profits. Here in the year 2020, proprietary ink cartridges remain important enough to spark a fight worth at least $35 billion.
Lifetime Free 1st Class Air Travel Pass: A Disaster
In 1982, American Airlines had an idea to offer a lifetime free first-class air travel pass to its wealthiest customers. The person holding this pass could fly on American Airlines at any time it wanted, to any destination it wanted, for as many times it wanted, for the rest of its life after paying a one-time fixed membership fee.
The Day The Pirates Came
For Sudeep Choudhury, work on merchant ships promised adventure and a better life. But a voyage on an oil tanker in West Africa, in dangerous seas far from home, would turn the young graduate’s life upside down. His fate would come to depend on a band of drug-fuelled jungle pirates – and the whims of a mysterious figure called The King.
How Technology Is Shaping The World Of Footwear
Over the past decade, one of the best examples of where tech has flourished is the footwear industry. From self-lacing tech to cushioning systems made from tiny foam particles, brands like Nike, Adidas and others have gone all out trying to change what footwear design means.
How Slack Ruined Work
Slack is a particularly “scary offender” in stopping people getting their work done because it encourages them to be constantly distracted. It’s scary because messenger-based systems directly tap into how humans seek to reward themselves, and the long term result is unhealthy.
Rebekah Neumann’s Search For Enlightenment Fueled WeWork’s Collapse
WeWork’s bailout by its largest investor, SoftBank, may permanently obscure the ugliest details behind its demise. But if the epidemic of self-delusion surrounding WeWork’s potential can be traced to anyone, it is Rebekah, the girlfriend of WeWork’s founder Adam Neumann.
The Preposterous Success Story Of America’s Pillow King
The tale of Mike Lindell begins in a crack house. The 47-year-old divorced father of four had run out of crack, again. He realized that abusing crack and running a business weren’t compatible in the long term and vowed to fulfill his dream of making “the world’s best pillow.”
“A Lot Of Us Are Suffering”: The Dark Side Of The Flight Attendant Lifestyle
The dizzying highs of the airborne lifestyle can come with a side of abject lows, including poor mental health, sleep disorders, and substance abuse issues. Those factors compound, with crew members sometimes resorting to alcohol and prescription drugs to combat sleeplessness or anxiety.
The 8-Hour Workday Is A Counterproductive Lie
The eight-hour workday started its life as a socialist dream. “Eight hours labor, eight hours recreation, and eight hours rest”. There’s just one problem: It’s all but impossible to actually work for eight hours a day in the jobs so many of us now have.
Google And Amazon Are Now In The Oil Business
Google, Microsoft, and Amazon have been very vocal about their efforts to reduce the world’s dependence on fossil fuels. But as The Wall Street Journal has reported, these same companies are currently teaming up with fossil fuel industry to help them squeeze as much oil and gas out of the ground as possible.