It is a common first time job these days. My parents first jobs were as a factory worker and waitress while both me and my sister were working in telemarketing. It is a strange and worthless job.
I feel like I'm pretty late in subscribing to this channel, but thank you for starting this channel! IMO, it's one of the few channels that actually engage in real thought and exploration of new ideas. And as everyone else has pointed out, your content is criminally undervalued by RUclips.
You channel is criminally undervalued The quality of your content far exceeds your subscriber count. It may not happen today or tomorrow, but its inevitable that this channel will blow up eventually. Keep the videos coming!
It's a strange thing I've noticed over the last 5 years specifically. I work as an electrician, I have worked building research ships, a robotic palletizing system, a hydrogen fuel cell production and testing plant, numerous control systems in hospitals, yet my perceived status and worth seems to be extremely low. For example, I have met a few people who reset email passwords within a corporation and consider themselves "tech" workers, and this is considered much higher status and important to society. I've just noticed how it has played out socially and in the dating market. It's super apparent.
I have noticed this too. I’m a bored and mentally exhausted office worker - I’m also very well versed with the trades (renovated a home myself, used to work in a machine shop). But the social tax that you described as well as often a wage and benefits tax (ie often blue collar jobs in the US do not offer health, retirement, etc unless it’s Union) keeps me clicking the mouse to pretend I’m busy.
LMAO OK that's abit of an over exaggeration... The tech market is and has been bleeding dry for years. Your lil bro who resets passwords won't survive for long and is absolutely worthless in the tech market. Most companies track computers, track in office hours and many more. Let's not talk about the outliers because it's pointless, I mean we have crypto millionaires too who didn't even complete high school. Life isn't fair, you either play the game and profit or you don't and keep wondering why life is unfair for you.
Because women are terrible at picking a good mate. They want what they think everyone else wants. They have a herd mentality. And they are brain washed by the culture to think a certain way and believe certain things, which they all happily go along with to get along with the herd.
@@lottexy I know about people who've done that kind of job until they retired and I'm pretty sure they'll keep existing. And yeah, life isn't fair - but why just accept that? Contributing to the problem and being victimized by it are NOT the only two options. We have to work together to change society and I think that starts with building resilient local communities where these thing are talked about. Many people don't know how many others are just pretending to work, are struggling with the same problems that shouldn't even exist, etc. - there's a reason why the rich want you to think you shouldn't talk about your income and that this all of this bullshit is necessary!
As I biggest problem I consider the fact that we teach kids at school "if you wanna be rich/succesful, work hard". Like it's that simple. The rich make the poor believe that their misery and poverty is purely their fault (that they're being "lazy" for not working 60 hours a week, for being sick, have children, having disabilities and stress related fatigue syndromes etc). It's a perfect psychological weapon, because the poor then hate themselves for their situation and don't blame the rich for creating harmful work environment and work ethic that's almost impossible to manage.
It’s so convenient when the responsibility is always on the rich. If it’s that easy just start your own business and reward those folks who will work the jobs that you create. Let’s see how it goes. But I’m sure you’ll find an excuse why that’s impossible.
I either wanna work less or I want the money I should be getting paid. So messed up I grew up to get robbed. Keep spreading awareness, we need to come together and fix this!
So, here’s the thing: productivity's shot up like a rocket since the '70s, right? But guess what? Wealth distribution’s gone the opposite way-plummeted faster than my hopes for humanity. Good luck to the next generation! They’re really going to need it, aren’t they?
Yes and people who are getting Richer want to deny that saying well your making the choice to not make enough money to afford basic things like rent and food. I actually saw a clip of the view where one the hosts said to poor people get a job the other host or guest said but they do have jobs the host then responded with get a job. Like wealthy rich people are just extremely out of touch.
The wealthiest 10% are causing 50% of climate pollution. Tax the rich until they have no more discretionary spending money than ordinary people, ad you fix both problems.
@@tealkerberus748I'd settle for the rich just paying the same tax rate as everyone else. Warren Buffet even admitted that his secretary pays a higher tax rate than he does Oh and billion dollar companies should pay taxes every. single. year. How companies like Amazon have years where they owe *ZERO* in taxes is infuriating. "BUt tHeY PrOViDe jObS". Yeah, jobs pay $hit and nobody wants
You are missing one important point in your video. The government and big corporations work together to obtain more power and control, and for that, they need a society that is busy and divided. If enough people have time on their hands things would improve for sure, but also those people thanks to more time would start to look and reflect more on what governments are doing and spending our money on. They created hostile environments where people struggle all the time, housing problems, and money problems. If those things would go away and society felt more secure they would for sure start to look for improvements elsewhere, and that would be a headache for any government...
Government has no place in a civilised society! The only truly civilised society is one based on voluntary cooperation. “Government” is nothing more than a euphemism for organised crime syndicate.
I can attest to your comments. Very good comments. I lived in Sydney Australia. For example in Australia taxes is half cost of new building price in Australia. Remember that you have to pay federal government income tax, state government income tax, local government tax, plus value added tax on other purchases and services. Also you'll be paying land tax every year on your property to the government. The pressure is too much. So this let many people to work more than they should. And it affects people well being
Ah indeed i even hesitated a bit when i was ablut to like this video and Big brother is always watching... Don't wana end up in some kind of blacklist 😅
You don't have to say "government and big corporations". You only need to say "big corporations". The government is bought and paid for by big business
If you look at the American economy, productivity has gone way up, while wages have not. Ideally, automation and AI are supposed to move us toward a post-scarcity society. Instead, it is being used to increase wealth inequality, stifle freedom and creativity, and benefit the most selfish and greedy of our society. We have all gone so crazy with the state of things that we make every effort to numb ourselves, distract ourselves, to cope with the absolute futility and hopelessness of the rat race. Your content and the ideas you present are VERY much needed. Thank you.
@@Alehzinhah Approximately 90% of countries provide free primary education. Around 60-70% of countries provide free secondary education. Around 10-15% of countries provide free higher education at public universities. The International Labour Organization (ILO) estimates that as of recent years, around 50% of the global workforce holds primary or secondary education as their highest level of schooling. Based on global patterns of private vs public education spending and employment sectors, I'd estimate roughly 25-35% of employed adults globally have paid directly for education specifically for their current job. However, I need to emphasize this is a rough approximation and I do not have a reliable source to verify this number. The actual percentage could be significantly different. That said I think it should be 0% and students should even be paid based on their grades.
We have an added element of "planned obsolescence" where we are forced to buy crap. We have been manipulated to believe quality is vastly more expensive, but many of the crappy products could be designed to last for little if any increased cost. An example would be cheap shoes. The material holds up, but the sole will often fall off within weeks. We have cheap glue that prevents this. Designed thievery.
Why does it anger me so much that nobody or so few value their time? We live our whole lives in a fear that we won't be able to live lavishly after 65???
The majority of us do not want to live lavishly after 65 - we just want to be able to live with a roof over our head and food. And medical care as we get older.
It’s a combination of brainwashing and lack of critical thinking. People go along with the status quo. If you try to talk differently you come under attack. It has got worse with the advent of social media - tech-addicted slaves. Look how they are even able to turn a blind eye to atrocities. Just how the 1% like it.
@@OctoberOctopusMthat’s the problem - they’ve got people expecting so little. Why do we need to work 40 years for a roof over our heads? Why not 10 years? Those in power need you toiling to keep them in comfort. It’s an evil game.
@@fineweather4569 because it's all a experiment anyway. People don't realize they're operating off of the four primitive urges, and self- preservation is one of them. Even if they did most would not have the time or energy or quite frankly the mental structure to change that they are operating in fear. Fear of death. So we keep going. We don't HAVE to work like this but the consequences are dire if we don't. It's a controlled system and people really still believe good people exist at the top
People just look at me weird when I tell them all my hobbies. Then I ask them what do you do in your free time, and they say nothing (AKA tiktok, 🌽, or drugs) I don’t explain myself to no one anymore
Sad story. I worked as an Engineering manager, and my teams built systems that supported "Mission Critical" satellite operations. At the start, I reported to experienced Engineers. When I retired 35 years later, I reported to all non-Engineers, who had never produced a product in their lives. They were trying to get me fired, and my area all but eliminated. Yes, they did not understand what "Mission Critical" meant. It was that bad...
People think they have no choice but are usually allowing cultural norms to limit their choices. I love camping out in VT, including all winter. It feels like an adventure to stay warm when it's cold. It also allows me to live SUPER cheap, saving money is easy. I am working a lot now to save up for land to plant food trees, go camping, and share the future abundance. If I felt attached the notion of staying inside some boring climate-controlled box, then I would have much less freedom. The norms we take for granted these days are deeply excessive when compared to all of human history. The average house is a palace and most people drive around a climate-controlled super chariot of the gods and we see that as normal and our basic due. We have collectively lost our damn minds. We have so much we don't even see or appreciate it, always wanting more to fill the void in our hearts left by the loss of community, of connection with each other, the only thing that really matters. Now we have simulated connwction with people online, all while behind a safe distance, a barrier. We get triggered by various manipulative media sources and spit poison at other triggered people and vote for some asshole and feel like we did something. All while ignoring our neighbors and people in need in our community. Ewww! Is that a poor person! Yuck, get them out of my sight! They're bringing down my property value!!! We blame the leaders while being a bunch of empty-hearted bungholes ourselves.
i thought about how pointless most jobs are very often, its comforting to hear that some researchers are investigating this issue, i hope for a more enlightend future.
@@konstrukteurcz Graeber is an idiot, don't waste your time with his nonsense. He doesn't understand how and why companies do what they do. The capitalist system as a whole might not be headed in a good direction, especially from the point of view of the humans in it, but that doesn't mean that the major actors in it don't behave rationally.
i have known all this for a while and it make me FURIOUS! why, why are people just accepting this sh*t. why are we not protesting? why ware we voting the ppl who keep this system firmly installed over and over again? honestly i have no hope that it will ever change. but tysm for this video, i hope more ppl see it.
People aren't protesting or rioting because after thousands of years of the slave and worker class rebelling against the elite ruling class. They got wise and dedicated their resources to understanding science and psychology and using it in order to better enslave the lower classes so that they may not ever rebel against or even understand they are slaves
You really enlightened me about why real estate keeps growing. This isn't only about the 1% as much as it is about anyone who makes a little bit more, or did not start from rock bottom. So they just buy more real estate. Not because they bring value to the society, but because they store the previously generated value.
The problem with "productivity" gains is that almost ever measurement of it is based on GDP instead of having longer life expectancy, lower blood pressure , etc. The gains on the 21st century have mostly been internet of things which doesn't really improve your life much. I mean if Netflix and all this apps did not exists we would be even better mentally. Our economy also works on consumerism. Make money to buy stuff you do not need to please people you do not like. Also people do what they hate for money and use that money for what they like.
Hello From Cape Town SA. The methods that you use to make your data (stats ) understandable , is superb !!!!! Many thanks - you have made me cry and cry and cry ...........unfortunately one of my eyes has rolled out of its socket from all the crying, (no not crying for you - but myself). NOW im poor , half blind and 66yo and depressed. Oh well , maybe there will be uprising of the proletariat and force change (well, that is what I dream of). Thank you for your superb informative media. 🏆🏆🏆🏆🏆🏆
thank you so much. this year i'll be 21 years old, which mean i need to work and join this wtf system. i always try to find a way to leave this system as it just only create value for those who are already rich but can't really find a way yet, this video is a great kickstart for me
How about you start with trying to contribute some real value? You know, apply some of that education you received to benefit others? Doom&gloom seems to be a popular attitude. But there are people out there just like you, to whom you may have something to offer.
I had to do a double take on the subscriber count because I thought there was no way there was a decimal in that number. Woulnd't have even blinked if you had hundreds of thousands of suscribers. I hope you stay on the journey of making awesome videos like this!
We're working so that the rich could buy their 100th houses they'll never live, 50th Ferarri they'll never ride, and their medium-rare steak dinner with gold leaves.
I feel you brother... And if we could get other people to wake up and realize that then the shit will change .. I'm f****** sick of it but so many people are asleep.. have a good day brother man from Destin Florida
The productivity increases don't go to rich, they go to a land owning class (which is slightly different set of people). Therefore, the problem is not that we "allow" rich to take productivity gainns, but that we allow small number of people to hog land. The 6M for appartment example is interesting not because someone had money to buy it (which they for sure did, but still mortgaged anyway), but that someone can put that price tag without being laughed at. I recommend everyone interested in the topic to read "Progress and Poverty" by Henry George on the topic.
financialization has grown to overshadow the "manufacturing economy" (the "real" economy?). People putting up money for automation mechanization might argue that they have paid for the machines that increase productivity, so they claim to be entitled to ALL of the benefits of that productivity increase. However, much or most of the technology driving productivity increases has been created based on research funded by governments, using everyone's taxes. Consider the internet, which was NOT developed by corporations alone. Society (i.e. all of us) should get some kind of "divicend" in return for our investment in the basic research that results in productivity improvements. It is NOT only financialization (the rich 1% or smaller) that are solely responsible for the improvements.
This video should be for the rich and stakeholders. When their action is matter the most when deciding the company's direction. Unfortunately, they only care about money, money, money.
Bro im a designer and just by thinking of how much work goes into your videos im like bruh, all that for a youtube video, im amazed, this must've taken you over a week of focus and countless hours to perfect, i really enjoy the effects you did, they are all simple but combined togettthey create a masterpiece in visual excellence and motion graphics, here's my humble subscription!
To create effects similar in this video, where text and visual elements (like a glowing graph or timeline) are overlaid on top of a video, you can use one of the following video editing software (there are more): 1. Adobe After Effects, 2. HitFilm Pro (budget-friendly option), 3. DaVinci Resolve (Fusion)
@@vishoek69 i understand how they are made, and there are multiple different ways to achieve these results of course depending on the positioning / angles in the clip itself it will guide you to the easiest way to do it, but none of that means the dude doesn't work hard, he most definitely does.. I decided to unsubscribe after a few videos because i dont agree with him politically but i do respect the hard work that goes into these videos
The crazy thing is that the people who are doing those primary productive jobs are the ones being screwed over the most by this system. We need workers rights for the people working the vital jobs without which everything would stop.
David Graebers ‘On Bullshit Jobs’ is a brilliant analysis of this phenomenon . Awesome video and just recently discovered this channel . Keep doing the great work mate 🙌🏼
Selfishness is the root of all misery... if we all care about each other all the ills that exist would be no more. As a species we are dominated by hatred and so this will be our downfall.
Excellent video! You're doing *very* important work by spreading this message in an easy-to-comprehend way :) I'd recommend also noting that some of these productivity gains in the Global North have come at huge social and environmental costs in the Global South, making it necessary to not only redistribute the wealth within any given nation, but also between countries and especially from the Global North to the Global South. I'd also say that while many jobs these days definitely feel pointless and don't serve actual needs, it would be useful to also mention that they have a point, which is to serve capital. That is, they are there for a reason, and that reason is to further enrich owners of capital and the capitalist system as a whole. Might make it more clear why these jobs exist and how to build the power to oppose them :)
Thank you very much! I couldn't agree more. We need to address global inequality way more and I should perhaps have done that more in this video. On a related note, I was surprised to learn recently (from the book Combating Inequality) that after the sharp rise of inequality also within the global north, today, class matters more than nationality in accounting for global inequality. To predict the position of an adult in the global distribution of income, it is apparently today more useful to know her income group than her nationality. I.e. there are today global poor also in rich countries. I do still agree with your point though. I've made another video about EU's immigration policy in which I, indirectly, talk about the vast inequality between even the poor countries in the EU and poor countries in Africa. Do you have any book recommendations?
I'm always saying and will always say that the extreme rich people is the real problem of the poor! They should return their biggest part of their wealth back to people who created it!
I am working in the pharma industrie, providing new devices and maintaining them. I spend 10 to 20 percentage of my time on making the device technically work and the rest is documentation. I feel like a pretender, pretending to work, when I see the hard working cleaning ladies or the line workers sweating in the chemical dust for sometimes half the money I get. These people have my highest respect. When I see the companies lower middle or higher managers going around talking all day, I often cannot stand it, but at the same time I must look like them to the people that have my respect. Still there is nothing I can do about it, is there?
You could start by trying to understand simple work market mechanisms. Like, how your job is something that a lot of the people you respect so much are simply incapable of doing, because they may lack the patience, the intelligence or maybe only the education. Why the documentation you do is, to your employer, just as valuable as the technical work you provide. How being a manager requires a relatively rare skillset which enables them to refocus and talk all day about dozens of different problems while maintaining the sort of interpersonal skills that prevent a company from turning into a warzone. In short: that the market value of employees is mostly determined by their replaceability, not by how hard their job might be to do physically.
I still respect physical workers more than talkers. Reason is that I can relate and see what they are doing, while I struggle to see the benefit of talking all day. In my company on every lab technician producing data comes a manager managing them, and a manager managing the manager and so on. Nothing against planning, but I think at least half of the managers could be skipt. And so does my company, which led them to announce cancalation of many manager positions. Still it remains to be seen if something follows on that announcement.
Been working for a Swedish company for 3 years now. Remotely. My job makes perfect sense - I teach employees. However, I don't know where the damn 'lagom' is))) It's so hard to explain that between the sessions you need to take breaks and also do prep work... It's fair for my Stockholm based colleagues as well. So don't expect Sweden to be all that cool when it comes to the work culture
@@Claire-gy5cv thats an insight there! the media and "statistics" always give Sweden at the world top 3 when it comes to best working culture/work life balance.
Thanks! Sweeds are great to work with though. Their society is truly something. It's easier to defend your boundaries here, but still one must be prepared to stand their ground sometimes.
Very good video. I have thought for years that working hours should be urgentely reduced to achieve in few years around 32 hours per week and 4 days/week. And to continúe sharing the real work between workers
regarding the next point some countries are adding because of the increased productivity, is the 3rd weekend. There are companies planning to add Wednesday to a non-work day and allow people to work 4 days a week. Probably, that's the next goal we, as a young generation, should be seeking for companies and countries to start adopting. Thank you for the informative material, keep going!
That is never going to be a general thing, not as long as there are countries in this world where people live hand-to-mouth. Shortening the weekly work time means reducing the amount of capital gains from the assets of a company. Which means that if this company has competitors that don't do that, it will soon go broke. And competition these days is global. This leads to a situation where, even if a certain business sector is facing a shortage of workers, because these workers flock to the higher wages and shorter work times offered by employers from another sector, they can only increase their offers to some extent before they leave the viable market corridor. So what you personally can do is get an education and look for a generous employer where YOU can find attractive conditions for yourself. What you cannot do is try to establish these conditions as the general rule. Because that will only lead to certain industries shutting down in your country.
Time is your most important commodity (after health) that they want to steal from you - don’t buy unessential consumer crap, reduce debt as quickly as possible so you can ‘live’ more by working a bit less hard. Imagine, just 2-4 weeks’ off a year for 40-50 years, then if you do manage to retire at 65-70 you’re too old, tired or ill to do much. It’s a prison planet.
I love the job I have now. I work in IT bringing new services online the public uses, not sure if that counts as making stuff. I get to go on heaps of holidays, spend time with my friends and family when I need to, the money could be better but the work life balance makes up for it (mostly)
1971 Nixon shock is the root cause. It turned the quality of money (stored energy) to quantity of money so inflation has stole from poor middle class to rich
Perfectly articulated, thank you for putting into words what I, a newly graduated entering the workforce feels like. It's hard to not loose hope and viewing work as a means to earn money - but sometimes it helps to swallow the pill & realise that it shouldn't be our life!!! Please make this into a series, love you work! This is meaningful work right here and I hope you know that you're making a difference :)
You touched an important point, that today there is more concentration of wealth. If wealth was more evenly diatributed, for example, between a company's employees, either by increasing salaries but keeping same working hours, or by increaisng the number of employees but each working fewer hours while earning the same as before (assuming workers are not wasting time). The second option would probably mean a reduction in productivity (because of how it is calculated). In the other hand, as the productivity increases, fewer people is needed to do rhe jobs needed in our society. Does this mean then that at aome point, part of the society (incluidng people in the age of working) will live from an universal income by taxing the richest, which ia a way of wealth distribution?
I have found your channel only a couple of days ago, and your observations and findings almost completely align with my own thoughts. Thank you for letting the world know!
I'm pretty sure millions of people feel this way. The uphill battle we face is what can I do as an individual to make this a better for everyone? Feels impossible. Many of us want to change this however we cannot look to our governments for the answer, so what do we do?
I love how we share in common the anger felt when looking at the (ultra-rich) and the inequality caused by this. In a comment of another video of yours I read that it's because we're envious. Maybe there's some truth to it, but for me personally it's just so frustrating to see how the (ultra-)rich spend (*cough* waste) their money... Maybe that's due to my nature of being an advocate (INFJ -personality type) As always, keep up the good work and produce more of such high-quality videos! Maybe you could add more of an own opinion section at the end (as it looks like we have the same ;-))
Well, um, it feels obvious, that it doesn't matter what an average Joe wants in terms of working hours or meaning. It's the owner of the capital, who decides what are you going to do. Yes, you can have a crazy automated production line on a factory that would be as effective as 100 workers, but c'mon, ut doesn't mean that these 100 people can just get their wage and do whatever they like. It means that the factory can fire 100 people. Another thing - if you produce something, you compete with the whole world, maybe farmers can tell more about it - but my assumption os that agriculture in Sweden is damn tough and less productive than it is in Brazil, or India or Romania. So if you're a farmer and you pay your workers well and you try to do sustainable agriculture stuff or care about your animals, the price of your product is high and the buyer in a shop have to choose between cheap and expensive. So now we're talking about the whole society supporting the same attitude to buy local stuff. And if you're unhappy with your working hours or your pay, well, the business owner can hire some other guy who've just arrived from some war-ravaged country and would be happy to work for half of your wage - or at least that's how business pretends it to be. My point is - there's no good answer and any change for the better should be a result of the whole society working together, trying to change things and that sounds 100% utopian.
One of the gems of RUclips. :) It had me thinking for an hour after. And started reading on the idea. The correlation of hours spent working vs the increase in productivity.
Good videos and Impressive graphics, but I believe you need to work on the sounds, I find them a bit too distracting, and they end up taking away from my understanding of the points of what you are actually saying. I think there can be a balance to be found. Cheers
This video is essential viewing. I totally agree that nowadays most people work in the service sector and they don’t produce anything tangible. The pendulum is eventually going to swing the other way and people who can make and fix things will be more in demand than PowerPoint and Excel warriors.
Not true. The high degree of specialisation has lead to a situation where if you want to be a competitive maker and fixer, you need competitive sales people and marketers to keep you in business. You may think you can do without, and maybe you can build up some business for yourself over time. But there will be other people out there running bigger operations, and they will attract customers because their response times are shorter, and maybe they can harness economy of scale to be a bit cheaper. And of course they will advertise, so if I need that kind of service, they might be the only player I'm aware of when I make my purchasing decision.
As long as human conflict exist such as advantaged vs dis advantaged, rich vs poor, war will be break out periodically. As long as there are Wars and Hates exist and human compete with each other, nation compete with each other, e.g making expensive bombs to below the enemy's expensive tanks or aircrafts will become our "pointless" jobs, the ultimate question is how to stop human conflict, when human conflict stops, wars will stop, pointless jobs will stop.
RUclips is a good example of increased productivity with significantly fewer people required. Videos like yours are produced these days with 1-3 people involved whereas a decade or two ago such production value would require entire teams in production and post production to accomplish. The sheer volume of videos produced at this level in a year today completely dwarfs that which would have been produced in decades past.
We are all here chasing the most useless things that human have created! Money! It’s not real but so many believing in it that’s real and we are trapped by it!
Everybody misses one crucial point about that graph showing productivity going up since the 1970's but incomes not going up. Everybody says this graph proves that capital is grabbing more than its fair share of the productivity growth. In reality the returns on capital are about the same as they always were, about 2-5% per year. Capital is NOT being excessively rewarded. What happened in the '70's was that the amount of capital being invested per worker shot up and this is what caused the greater productivity in the first place.
A business has twice as much money "invested" in it, but it's required to yield the same percentage dividend, so it has to produce twice as much profit. This is despite having the same workforce, the same turnover, and not having actually received any of the extra money "invested" in it, which went to previous shareholders selling their shares for twice what they paid for them. So it finds ways to make its workers twice as productive, whether by making them work harder or by inflating the sales prices of its products, but their wages remain unchanged. There is too much money in the share market, and the tragic part is that some of it is the retirement investment funds of the workers whose wages are stagnating so abysmally. A much larger part belongs to purely parasitic investors, but it's very hard to do anything about the parasites without also harming the workers.
@@tealkerberus748 Yes, the financial system prioritizes shareholder gains over direct investment in workers. 1. Distinction Between Productive Investment and Financial Markets: There is a significant difference between capital invested directly into businesses for growth and the inflated capital circulating in financial markets, which benefits shareholders without supporting wage growth or business expansion. 2. Productivity and Wage Stagnation: Workers are becoming more productive, but their wages remain stagnant because companies are forced to increase profits without receiving direct capital investment. This dynamic leads to squeezing more productivity from workers without corresponding wage increases. 3. Financialization of the Economy: The influx of capital into financial markets, including workers' own retirement funds, fuels inflated stock prices and pressures companies to boost profits. This phenomenon benefits investors while leaving workers' wages behind. 4. Reform Dilemmas: Addressing the imbalance in the financial system is difficult because reforming the system could harm workers, whose retirement funds are tied to the same financial markets that contribute to wage stagnation. Balancing the needs of workers and the broader financial market structure is a complex challenge.
Work IS a day to day thing that is necessary but it absolutely does not need to take 8-12 hours a day to do the stuff companies want you to do. Think of what you could create as a woodworker in 12 hours for example or how much testing you could accomplish as an intellectual. Heck, you only "work" as long as necessary to accomplish the task. It may take you 2 hours to clean the gutters or it may take 4. All I know is standing at a register for hours on end is not what ANY human should be doing day in and day out just to make $400 a week.
I agree with the message you gave in the video. Many jobs are meaningless today. If a new economy ecosystem is not created, the world’s 50% with the least income will soon cause great chaos.
Great video. Is see videos about why people dont want to work and that the older generation think they are lazy. This explains why very evidently. Briliant work. One thing I see, which you might do a video on, is that when growing up my parents spoke about a "cost of living payrise". Yet when you ask you employer for one of these they tell you "they dont do rises based on the rate of inflation, they do it on the market rate". Well if all companies are doing that the market will never rise. Is this another reason the younger generations feel theybare stuggling more, finding it harder to rise and deciding it isnt worth the effort, as it seems impossible to beat inflation, so why bother. I for one feel like my income has only decreased in the last 10 years and feel very lucky it is a high income and that hasnt meant ive started struggling, yet, but I constantly work to replace my job with something that has the potential to grow, instead of pretend to grow. I feel many people dont understand this and think a pay rise is an increase in income, wjere as these days it is a reduction in the speed of a direct route to suffering financially, sooner or later. It is sad to think we have to work hard to reduce the rate of which we get poorer.
As a corporate slave, I'm all for less hours but increase in productivity is due to capital investments, not human resources. Productivity per worker is about the same before it is amplified by capital investments on technology, so its difficult for workers to lay claim on the additional value
David Grabber pointed this out years ago in his incredible book "Bullshit Jobs", where he shows exactly this increase in pointless jobs and how they contribute to people's unhappiness.
I really love your work here. This is an outstanding and eyes-opening channel, that deserves billions of subscribers. Good luck with that. In fact, the content on this channel is so great that for the first time I feel like I want to donate money even though I don't have much of it myself.
That's a very superficial way of looking at it. You need to assess the situation globally. The benefits for working people did go up, and they still do. Just not in the western world. Instead, other regions of the globe are catching up in productivity, and standards of living are increasing there.
As a person trying to be a filmmaker myself. There were points in this that was ABSOLUTELY EXCEPTIONAL! You'll be a phenomenon soon man! Respect and looking forward to more.
Thank you for making this video, many people know what u are talking about, but also many have no clue. Lets spread the message of making life better on this damned planet and reduce suffering for all of us here. Because the more u know how wonderfull life is, the more u suffer spending it for someone that doesnt care about you.
Excellent video! You really put into words what I have been thinking these last few years and what our parents generation will never understand. Hope I find some way out of the rat race soon.
The reason this happened was because they took the dollar off the gold standard. The money/rewards have gone to politicians and hiring government workers that suck out the value from what is produced. Also, the tech that has been invented was BECAUSE people worked hard. Without working hard, you don’t find more effective ways to do things. Hard work is a great thing. Also, when people retire, they die a lot faster (they don’t get 10 years younger - or at least so I’ve heard)
I think it depends upon what you do. If your employment is a grinding 9 - 5 office or factory job, yes, you really SHOULD be retiring earlier (and Society should be making that financially possible AND acceptable). At the other end of the spectrum, many who work in, say, tertiary healthcare, research, etc. really like "doing what they do", and for them it is far more than "just a job"; Patient contact, peer support and being "there" with the rapid evolution in Medicine are a very addictive combination, as well as the opportunities to teach the next generation of e.g. Physicians.
Just discovered you today but no doubt you have some serious talent, your time in the sun will come!! All the best with the career transition, keep doing what you’re doing!
What if you pursued a job you genuinely enjoy? Working in a field you’re passionate about can make it easier to put in the effort, achieve regular promotions, and continue growing in your career.
I have just found your channel and I am awestruck! Wow! Yes, as others have said, your channel is undervalued by RUclips but no doubt you are going to skyrocket. I’ve already asked my local Texas library to purchase some books you’ve recommended as well as placed holds on others they have. In addition I’ve shared your videos with friends and family. I am so glad you have this channel!
I am an office worker. When I graduated I was eager to do a real job, to have an impact on the world. But for the past 7 years I had none. I always thought it's my fault, that I had little to do in my jobs. I even felt bad because other people even worked overtime. Then I blamed my manager for not distributing work to me. Now I realise that it isn't my fault. I arranged myself with my situation. I'm doing all my housework during my two days working from home or I play videogames. I would love to reduce my working hours. But then I wouldn't be able to save money for retirement.
If we could lower our needs and wants, then we wouldn't have to work so much. If we stop consuming so much, we could live with less money, and we wouldn't have to spend much time at work. I think it's an easy, viable solution.
Population reduction is the sad things. Many people think having a family is a luxury. If they have children, they'll raised at day care, because they're working. And we cannot do anything to it.
This is the content we Europeans need to share. The actual problems. More forums would be necessary to come up with actual action points and start grinding our way out of the valley we are travelling through.
I'm sure this guy is coming from a good place. But he can't see that he is from one of the most well off countries in the world and likely has a family with plenty of money. Very few if any people have the option to just not work and become a film maker
We have stopped is WRONG! Employers have bought the politicians more and more (either with direct cash or supporting a party or via offering cushy, well payed jobs after the political career (often jobs that you don't even need to work, you are just "on the payroll")) and thus no new improvement laws were passed (hell: I know of no country where an ergonomic workplace - which can prevent a lot of work related injuries, especially concerning the neck and back - is something that's enforced by law!)
Ok, now I wanna see a movie called "I Was a Teenage Telemarketer". I'm pretty sure it could make the top 10 most terrifying horror movies of all time.
😂. I was thinking that "teenage telemarketer" would be a good band name at least
It is a common first time job these days. My parents first jobs were as a factory worker and waitress while both me and my sister were working in telemarketing. It is a strange and worthless job.
@@klankungen7794Not true. The wolf of wall street did ok.
@@okigi-wo5zm they made a lot of money. It's not the same as contributing wealth to society. Most of them are rather worthless.
@@klankungen7794 if they draw a paycheck and pay taxes they aren't worthless. As long as they aren't defrauding anyone.
I feel like I'm pretty late in subscribing to this channel, but thank you for starting this channel! IMO, it's one of the few channels that actually engage in real thought and exploration of new ideas. And as everyone else has pointed out, your content is criminally undervalued by RUclips.
You channel is criminally undervalued The quality of your content far exceeds your subscriber count. It may not happen today or tomorrow, but its inevitable that this channel will blow up eventually. Keep the videos coming!
Thank you very much, that means a lot. I'll keep making videos for sure
Agreed!
@@TheMarketExit I agree. It's brilliant. Wonderful, informative videos and Shorts. I just subbed.
I agree. Instant subscription.
Couldn’t agree more. It’s insane how good this channel is
It's a strange thing I've noticed over the last 5 years specifically. I work as an electrician, I have worked building research ships, a robotic palletizing system, a hydrogen fuel cell production and testing plant, numerous control systems in hospitals, yet my perceived status and worth seems to be extremely low.
For example, I have met a few people who reset email passwords within a corporation and consider themselves "tech" workers, and this is considered much higher status and important to society.
I've just noticed how it has played out socially and in the dating market. It's super apparent.
I have noticed this too. I’m a bored and mentally exhausted office worker - I’m also very well versed with the trades (renovated a home myself, used to work in a machine shop). But the social tax that you described as well as often a wage and benefits tax (ie often blue collar jobs in the US do not offer health, retirement, etc unless it’s Union) keeps me clicking the mouse to pretend I’m busy.
LMAO OK that's abit of an over exaggeration... The tech market is and has been bleeding dry for years.
Your lil bro who resets passwords won't survive for long and is absolutely worthless in the tech market. Most companies track computers, track in office hours and many more. Let's not talk about the outliers because it's pointless, I mean we have crypto millionaires too who didn't even complete high school.
Life isn't fair, you either play the game and profit or you don't and keep wondering why life is unfair for you.
Because women are terrible at picking a good mate. They want what they think everyone else wants. They have a herd mentality. And they are brain washed by the culture to think a certain way and believe certain things, which they all happily go along with to get along with the herd.
@@lottexy I know about people who've done that kind of job until they retired and I'm pretty sure they'll keep existing.
And yeah, life isn't fair - but why just accept that? Contributing to the problem and being victimized by it are NOT the only two options. We have to work together to change society and I think that starts with building resilient local communities where these thing are talked about. Many people don't know how many others are just pretending to work, are struggling with the same problems that shouldn't even exist, etc. - there's a reason why the rich want you to think you shouldn't talk about your income and that this all of this bullshit is necessary!
Introduce yourself as an 'electrical engineer' and people will probably fawn over your title
As I biggest problem I consider the fact that we teach kids at school "if you wanna be rich/succesful, work hard". Like it's that simple. The rich make the poor believe that their misery and poverty is purely their fault (that they're being "lazy" for not working 60 hours a week, for being sick, have children, having disabilities and stress related fatigue syndromes etc). It's a perfect psychological weapon, because the poor then hate themselves for their situation and don't blame the rich for creating harmful work environment and work ethic that's almost impossible to manage.
Very based!
It’s so convenient when the responsibility is always on the rich. If it’s that easy just start your own business and reward those folks who will work the jobs that you create. Let’s see how it goes. But I’m sure you’ll find an excuse why that’s impossible.
That's the nature of capitalism.
So, what exactly do you suggest? Telling them “don’t work hard” won’t get them far..
@@inmydelorean6025it's easy to start a business if you just inherited a few million or even more which most modern millionaires did.
I either wanna work less or I want the money I should be getting paid.
So messed up I grew up to get robbed.
Keep spreading awareness, we need to come together and fix this!
So, here’s the thing: productivity's shot up like a rocket since the '70s, right? But guess what? Wealth distribution’s gone the opposite way-plummeted faster than my hopes for humanity. Good luck to the next generation! They’re really going to need it, aren’t they?
Due to accelerated climate change, this will be the least of next generation's problems...
Yes and people who are getting Richer want to deny that saying well your making the choice to not make enough money to afford basic things like rent and food. I actually saw a clip of the view where one the hosts said to poor people get a job the other host or guest said but they do have jobs the host then responded with get a job. Like wealthy rich people are just extremely out of touch.
The wealthiest 10% are causing 50% of climate pollution. Tax the rich until they have no more discretionary spending money than ordinary people, ad you fix both problems.
@@tealkerberus748I'd settle for the rich just paying the same tax rate as everyone else. Warren Buffet even admitted that his secretary pays a higher tax rate than he does
Oh and billion dollar companies should pay taxes every. single. year. How companies like Amazon have years where they owe *ZERO* in taxes is infuriating. "BUt tHeY PrOViDe jObS". Yeah, jobs pay $hit and nobody wants
@@Mr.Puppet_23 Climate change won't wipe us instantly. It's going to cause mass migration and wars. (already started)
You are missing one important point in your video. The government and big corporations work together to obtain more power and control, and for that, they need a society that is busy and divided. If enough people have time on their hands things would improve for sure, but also those people thanks to more time would start to look and reflect more on what governments are doing and spending our money on. They created hostile environments where people struggle all the time, housing problems, and money problems. If those things would go away and society felt more secure they would for sure start to look for improvements elsewhere, and that would be a headache for any government...
Government has no place in a civilised society! The only truly civilised society is one based on voluntary cooperation. “Government” is nothing more than a euphemism for organised crime syndicate.
I can attest to your comments.
Very good comments.
I lived in Sydney Australia.
For example in Australia taxes is half cost of new building price in Australia.
Remember that you have to pay federal government income tax, state government income tax, local government tax, plus value added tax on other purchases and services.
Also you'll be paying land tax every year on your property to the government.
The pressure is too much.
So this let many people to work more than they should.
And it affects people well being
Ah indeed i even hesitated a bit when i was ablut to like this video and Big brother is always watching... Don't wana end up in some kind of blacklist 😅
You don't have to say "government and big corporations". You only need to say "big corporations". The government is bought and paid for by big business
They and we keep it this way bc they dont want the headache.
If you look at the American economy, productivity has gone way up, while wages have not.
Ideally, automation and AI are supposed to move us toward a post-scarcity society. Instead, it is being used to increase wealth inequality, stifle freedom and creativity, and benefit the most selfish and greedy of our society.
We have all gone so crazy with the state of things that we make every effort to numb ourselves, distract ourselves, to cope with the absolute futility and hopelessness of the rat race.
Your content and the ideas you present are VERY much needed. Thank you.
I agree with your comment, PinkiePi! What can we do to change course?
On a positive note, there seem to be more and more people talking about this! Very inspiring!
It’s too late, we are doomed.
@@thomast7748 With your attitude we are. Are you Russian?
The comfort of rich depends on the abundant supply of poor.
Time spent in school should also be considered "work", specifically "unpaid work training"
Actually, in most areas, should actually be "work training you PAY to have"
@@Alehzinhah Approximately 90% of countries provide free primary education.
Around 60-70% of countries provide free secondary education.
Around 10-15% of countries provide free higher education at public universities.
The International Labour Organization (ILO) estimates that as of recent years, around 50% of the global workforce holds primary or secondary education as their highest level of schooling.
Based on global patterns of private vs public education spending and employment sectors, I'd estimate roughly 25-35% of employed adults globally have paid directly for education specifically for their current job. However, I need to emphasize this is a rough approximation and I do not have a reliable source to verify this number. The actual percentage could be significantly different. That said I think it should be 0% and students should even be paid based on their grades.
We have an added element of "planned obsolescence" where we are forced to buy crap. We have been manipulated to believe quality is vastly more expensive, but many of the crappy products could be designed to last for little if any increased cost. An example would be cheap shoes. The material holds up, but the sole will often fall off within weeks. We have cheap glue that prevents this. Designed thievery.
Why does it anger me so much that nobody or so few value their time? We live our whole lives in a fear that we won't be able to live lavishly after 65???
The majority of us do not want to live lavishly after 65 - we just want to be able to live with a roof over our head and food. And medical care as we get older.
It’s a combination of brainwashing and lack of critical thinking. People go along with the status quo. If you try to talk differently you come under attack. It has got worse with the advent of social media - tech-addicted slaves. Look how they are even able to turn a blind eye to atrocities. Just how the 1% like it.
@@OctoberOctopusMthat’s the problem - they’ve got people expecting so little. Why do we need to work 40 years for a roof over our heads? Why not 10 years? Those in power need you toiling to keep them in comfort. It’s an evil game.
@@fineweather4569 because it's all a experiment anyway. People don't realize they're operating off of the four primitive urges, and self- preservation is one of them. Even if they did most would not have the time or energy or quite frankly the mental structure to change that they are operating in fear. Fear of death. So we keep going. We don't HAVE to work like this but the consequences are dire if we don't. It's a controlled system and people really still believe good people exist at the top
People just look at me weird when I tell them all my hobbies. Then I ask them what do you do in your free time, and they say nothing (AKA tiktok, 🌽, or drugs)
I don’t explain myself to no one anymore
We produce more and are way more efficient. But politics always say we need more workers. The greed is too much.
A byproduct of allowing our countries to be treated like giant businesses instead of homes.
Indeed🎉🎉🎉
Sad story. I worked as an Engineering manager, and my teams built systems that supported "Mission Critical" satellite operations. At the start, I reported to experienced Engineers. When I retired 35 years later, I reported to all non-Engineers, who had never produced a product in their lives. They were trying to get me fired, and my area all but eliminated. Yes, they did not understand what "Mission Critical" meant. It was that bad...
They did make convincing powerpoint presentations and excel files I’d guess??
@@michaels543210they increased share holder value for sure 😌
People think they have no choice but are usually allowing cultural norms to limit their choices. I love camping out in VT, including all winter. It feels like an adventure to stay warm when it's cold. It also allows me to live SUPER cheap, saving money is easy. I am working a lot now to save up for land to plant food trees, go camping, and share the future abundance. If I felt attached the notion of staying inside some boring climate-controlled box, then I would have much less freedom. The norms we take for granted these days are deeply excessive when compared to all of human history. The average house is a palace and most people drive around a climate-controlled super chariot of the gods and we see that as normal and our basic due. We have collectively lost our damn minds. We have so much we don't even see or appreciate it, always wanting more to fill the void in our hearts left by the loss of community, of connection with each other, the only thing that really matters. Now we have simulated connwction with people online, all while behind a safe distance, a barrier. We get triggered by various manipulative media sources and spit poison at other triggered people and vote for some asshole and feel like we did something. All while ignoring our neighbors and people in need in our community.
Ewww! Is that a poor person! Yuck, get them out of my sight! They're bringing down my property value!!! We blame the leaders while being a bunch of empty-hearted bungholes ourselves.
i thought about how pointless most jobs are very often, its comforting to hear that some researchers are investigating this issue, i hope for a more enlightend future.
Yes, I agree, that's why I think Roland Paulsen is one of the most important researchers and authors working today.
Do you know David Graeber?
@@konstrukteurcz Graeber is an idiot, don't waste your time with his nonsense. He doesn't understand how and why companies do what they do. The capitalist system as a whole might not be headed in a good direction, especially from the point of view of the humans in it, but that doesn't mean that the major actors in it don't behave rationally.
i have known all this for a while and it make me FURIOUS! why, why are people just accepting this sh*t. why are we not protesting? why ware we voting the ppl who keep this system firmly installed over and over again? honestly i have no hope that it will ever change. but tysm for this video, i hope more ppl see it.
Ditch your TV, is a step in that direction.
People aren't protesting or rioting because after thousands of years of the slave and worker class rebelling against the elite ruling class. They got wise and dedicated their resources to understanding science and psychology and using it in order to better enslave the lower classes so that they may not ever rebel against or even understand they are slaves
@@davidcooks2379and?
Realizing that voting doesn't work is the first step
You really enlightened me about why real estate keeps growing. This isn't only about the 1% as much as it is about anyone who makes a little bit more, or did not start from rock bottom. So they just buy more real estate. Not because they bring value to the society, but because they store the previously generated value.
If the bank loses your money it disappears. If a house you own is somehow valued 0, you still have a house. It can become valuable again.
The problem with "productivity" gains is that almost ever measurement of it is based on GDP instead of having longer life expectancy, lower blood pressure , etc. The gains on the 21st century have mostly been internet of things which doesn't really improve your life much. I mean if Netflix and all this apps did not exists we would be even better mentally. Our economy also works on consumerism. Make money to buy stuff you do not need to please people you do not like.
Also people do what they hate for money and use that money for what they like.
Great commment! This is sad, but accurate in how most people live today: "Make money to buy stuff you do not need to please people you do not like."
Nah, I would be mentally worse...
I do not have Netflix nor any of those services btw 🤔
Hello From Cape Town SA. The methods that you use to make your data (stats ) understandable , is superb !!!!! Many thanks - you have made me cry and cry and cry ...........unfortunately one of my eyes has rolled out of its socket from all the crying, (no not crying for you - but myself). NOW im poor , half blind and 66yo and depressed. Oh well , maybe there will be uprising of the proletariat and force change (well, that is what I dream of). Thank you for your superb informative media. 🏆🏆🏆🏆🏆🏆
thank you so much. this year i'll be 21 years old, which mean i need to work and join this wtf system. i always try to find a way to leave this system as it just only create value for those who are already rich but can't really find a way yet, this video is a great kickstart for me
Thank you for commenting. I'm sure you'll find something to do that feels valuable to you and not only to the richest owners of capital
How about you start with trying to contribute some real value? You know, apply some of that education you received to benefit others? Doom&gloom seems to be a popular attitude. But there are people out there just like you, to whom you may have something to offer.
I had to do a double take on the subscriber count because I thought there was no way there was a decimal in that number. Woulnd't have even blinked if you had hundreds of thousands of suscribers. I hope you stay on the journey of making awesome videos like this!
Thank you, that's very kind. I will keep making videos, for sure. I'm working on some new stuff right now.
We're working so that the rich could buy their 100th houses they'll never live, 50th Ferarri they'll never ride, and their medium-rare steak dinner with gold leaves.
I feel you brother... And if we could get other people to wake up and realize that then the shit will change .. I'm f****** sick of it but so many people are asleep.. have a good day brother man from Destin Florida
The productivity increases don't go to rich, they go to a land owning class (which is slightly different set of people). Therefore, the problem is not that we "allow" rich to take productivity gainns, but that we allow small number of people to hog land. The 6M for appartment example is interesting not because someone had money to buy it (which they for sure did, but still mortgaged anyway), but that someone can put that price tag without being laughed at.
I recommend everyone interested in the topic to read "Progress and Poverty" by Henry George on the topic.
financialization has grown to overshadow the "manufacturing economy" (the "real" economy?). People putting up money for automation mechanization might argue that they have paid for the machines that increase productivity, so they claim to be entitled to ALL of the benefits of that productivity increase. However, much or most of the technology driving productivity increases has been created based on research funded by governments, using everyone's taxes. Consider the internet, which was NOT developed by corporations alone. Society (i.e. all of us) should get some kind of "divicend" in return for our investment in the basic research that results in productivity improvements. It is NOT only financialization (the rich 1% or smaller) that are solely responsible for the improvements.
This video should be for the rich and stakeholders.
When their action is matter the most when deciding the company's direction.
Unfortunately, they only care about money, money, money.
Bro im a designer and just by thinking of how much work goes into your videos im like bruh, all that for a youtube video, im amazed, this must've taken you over a week of focus and countless hours to perfect, i really enjoy the effects you did, they are all simple but combined togettthey create a masterpiece in visual excellence and motion graphics, here's my humble subscription!
To create effects similar in this video, where text and visual elements (like a glowing graph or timeline) are overlaid on top of a video, you can use one of the following video editing software (there are more):
1. Adobe After Effects,
2. HitFilm Pro (budget-friendly option),
3. DaVinci Resolve (Fusion)
@@vishoek69 i understand how they are made, and there are multiple different ways to achieve these results of course depending on the positioning / angles in the clip itself it will guide you to the easiest way to do it, but none of that means the dude doesn't work hard, he most definitely does.. I decided to unsubscribe after a few videos because i dont agree with him politically but i do respect the hard work that goes into these videos
The same things I shout out loud all the time but no ones hearing. Kudos
The crazy thing is that the people who are doing those primary productive jobs are the ones being screwed over the most by this system. We need workers rights for the people working the vital jobs without which everything would stop.
Hear hear! How weird isn't it that the jobs our society need the most are often the ones that pay the least?
David Graebers ‘On Bullshit Jobs’ is a brilliant analysis of this phenomenon . Awesome video and just recently discovered this channel . Keep doing the great work mate 🙌🏼
Selfishness is the root of all misery... if we all care about each other all the ills that exist would be no more. As a species we are dominated by hatred and so this will be our downfall.
Excellent video! You're doing *very* important work by spreading this message in an easy-to-comprehend way :) I'd recommend also noting that some of these productivity gains in the Global North have come at huge social and environmental costs in the Global South, making it necessary to not only redistribute the wealth within any given nation, but also between countries and especially from the Global North to the Global South. I'd also say that while many jobs these days definitely feel pointless and don't serve actual needs, it would be useful to also mention that they have a point, which is to serve capital. That is, they are there for a reason, and that reason is to further enrich owners of capital and the capitalist system as a whole. Might make it more clear why these jobs exist and how to build the power to oppose them :)
Thank you very much! I couldn't agree more. We need to address global inequality way more and I should perhaps have done that more in this video.
On a related note, I was surprised to learn recently (from the book Combating Inequality) that after the sharp rise of inequality also within the global north, today, class matters more than nationality in accounting for global inequality. To predict the position of an adult in the global distribution of income, it is apparently today more useful to know her income group than her nationality. I.e. there are today global poor also in rich countries. I do still agree with your point though. I've made another video about EU's immigration policy in which I, indirectly, talk about the vast inequality between even the poor countries in the EU and poor countries in Africa.
Do you have any book recommendations?
I'm always saying and will always say that the extreme rich people is the real problem of the poor! They should return their biggest part of their wealth back to people who created it!
Great video! Hope it inspires a lot of people worldwide, because if the situation in SWEDEN is bad, imagine in 3rd world... Greetings from Brazil.
I am working in the pharma industrie, providing new devices and maintaining them. I spend 10 to 20 percentage of my time on making the device technically work and the rest is documentation. I feel like a pretender, pretending to work, when I see the hard working cleaning ladies or the line workers sweating in the chemical dust for sometimes half the money I get. These people have my highest respect. When I see the companies lower middle or higher managers going around talking all day, I often cannot stand it, but at the same time I must look like them to the people that have my respect. Still there is nothing I can do about it, is there?
You could start by trying to understand simple work market mechanisms. Like, how your job is something that a lot of the people you respect so much are simply incapable of doing, because they may lack the patience, the intelligence or maybe only the education. Why the documentation you do is, to your employer, just as valuable as the technical work you provide. How being a manager requires a relatively rare skillset which enables them to refocus and talk all day about dozens of different problems while maintaining the sort of interpersonal skills that prevent a company from turning into a warzone. In short: that the market value of employees is mostly determined by their replaceability, not by how hard their job might be to do physically.
I still respect physical workers more than talkers. Reason is that I can relate and see what they are doing, while I struggle to see the benefit of talking all day. In my company on every lab technician producing data comes a manager managing them, and a manager managing the manager and so on. Nothing against planning, but I think at least half of the managers could be skipt. And so does my company, which led them to announce cancalation of many manager positions. Still it remains to be seen if something follows on that announcement.
You know modern work is problematic for human when even the Swedes are complaining about it
Been working for a Swedish company for 3 years now. Remotely. My job makes perfect sense - I teach employees. However, I don't know where the damn 'lagom' is))) It's so hard to explain that between the sessions you need to take breaks and also do prep work... It's fair for my Stockholm based colleagues as well. So don't expect Sweden to be all that cool when it comes to the work culture
@@Claire-gy5cv thats an insight there! the media and "statistics" always give Sweden at the world top 3 when it comes to best working culture/work life balance.
Thanks! Sweeds are great to work with though. Their society is truly something. It's easier to defend your boundaries here, but still one must be prepared to stand their ground sometimes.
Very good video. I have thought for years that working hours should be urgentely reduced to achieve in few years around 32 hours per week and 4 days/week. And to continúe sharing the real work between workers
We trade our time for money……..at the expense of our health. Then we spend out wealth towards our health and trade our time for money.
regarding the next point some countries are adding because of the increased productivity, is the 3rd weekend. There are companies planning to add Wednesday to a non-work day and allow people to work 4 days a week. Probably, that's the next goal we, as a young generation, should be seeking for companies and countries to start adopting.
Thank you for the informative material, keep going!
That is never going to be a general thing, not as long as there are countries in this world where people live hand-to-mouth. Shortening the weekly work time means reducing the amount of capital gains from the assets of a company. Which means that if this company has competitors that don't do that, it will soon go broke. And competition these days is global. This leads to a situation where, even if a certain business sector is facing a shortage of workers, because these workers flock to the higher wages and shorter work times offered by employers from another sector, they can only increase their offers to some extent before they leave the viable market corridor.
So what you personally can do is get an education and look for a generous employer where YOU can find attractive conditions for yourself. What you cannot do is try to establish these conditions as the general rule. Because that will only lead to certain industries shutting down in your country.
David Graeber’s work on bulls#!t jobs is worth learning about.
was about to recommend it as well!
No, not really. You cannot learn about things from one who doesn't understand them.
Amazing book!
Time is your most important commodity (after health) that they want to steal from you - don’t buy unessential consumer crap, reduce debt as quickly as possible so you can ‘live’ more by working a bit less hard. Imagine, just 2-4 weeks’ off a year for 40-50 years, then if you do manage to retire at 65-70 you’re too old, tired or ill to do much. It’s a prison planet.
I love the job I have now. I work in IT bringing new services online the public uses, not sure if that counts as making stuff. I get to go on heaps of holidays, spend time with my friends and family when I need to, the money could be better but the work life balance makes up for it (mostly)
I think at some point in future, the modern society needs to establish the UBI and the 12 hour work week.
1971 Nixon shock is the root cause. It turned the quality of money (stored energy) to quantity of money so inflation has stole from poor middle class to rich
Perfectly articulated, thank you for putting into words what I, a newly graduated entering the workforce feels like. It's hard to not loose hope and viewing work as a means to earn money - but sometimes it helps to swallow the pill & realise that it shouldn't be our life!!!
Please make this into a series, love you work! This is meaningful work right here and I hope you know that you're making a difference :)
Channel will blow up. Guaranteed.
Thank you! I hope you're right ;)
🤞
I think the algo is pushing this guy now lol. Was just recommended to me, the production value is impressive!
You touched an important point, that today there is more concentration of wealth. If wealth was more evenly diatributed, for example, between a company's employees, either by increasing salaries but keeping same working hours, or by increaisng the number of employees but each working fewer hours while earning the same as before (assuming workers are not wasting time). The second option would probably mean a reduction in productivity (because of how it is calculated). In the other hand, as the productivity increases, fewer people is needed to do rhe jobs needed in our society. Does this mean then that at aome point, part of the society (incluidng people in the age of working) will live from an universal income by taxing the richest, which ia a way of wealth distribution?
I have found your channel only a couple of days ago, and your observations and findings almost completely align with my own thoughts. Thank you for letting the world know!
I'm pretty sure millions of people feel this way. The uphill battle we face is what can I do as an individual to make this a better for everyone? Feels impossible. Many of us want to change this however we cannot look to our governments for the answer, so what do we do?
Really glad RUclips suggested me your channel. Spectacular work and very nuanced videos. Hope you reach great heights.
Thank you very much :) I'm also glad RUclips suggested my channel to you. Cheers!
I love how we share in common the anger felt when looking at the (ultra-rich) and the inequality caused by this. In a comment of another video of yours I read that it's because we're envious. Maybe there's some truth to it, but for me personally it's just so frustrating to see how the (ultra-)rich spend (*cough* waste) their money... Maybe that's due to my nature of being an advocate (INFJ -personality type)
As always, keep up the good work and produce more of such high-quality videos! Maybe you could add more of an own opinion section at the end (as it looks like we have the same ;-))
Well, um, it feels obvious, that it doesn't matter what an average Joe wants in terms of working hours or meaning. It's the owner of the capital, who decides what are you going to do. Yes, you can have a crazy automated production line on a factory that would be as effective as 100 workers, but c'mon, ut doesn't mean that these 100 people can just get their wage and do whatever they like. It means that the factory can fire 100 people.
Another thing - if you produce something, you compete with the whole world, maybe farmers can tell more about it - but my assumption os that agriculture in Sweden is damn tough and less productive than it is in Brazil, or India or Romania. So if you're a farmer and you pay your workers well and you try to do sustainable agriculture stuff or care about your animals, the price of your product is high and the buyer in a shop have to choose between cheap and expensive. So now we're talking about the whole society supporting the same attitude to buy local stuff.
And if you're unhappy with your working hours or your pay, well, the business owner can hire some other guy who've just arrived from some war-ravaged country and would be happy to work for half of your wage - or at least that's how business pretends it to be.
My point is - there's no good answer and any change for the better should be a result of the whole society working together, trying to change things and that sounds 100% utopian.
David Graeber "Bullshits jobs" said it all
One of the gems of RUclips. :) It had me thinking for an hour after. And started reading on the idea. The correlation of hours spent working vs the increase in productivity.
Good videos and Impressive graphics, but I believe you need to work on the sounds, I find them a bit too distracting, and they end up taking away from my understanding of the points of what you are actually saying. I think there can be a balance to be found. Cheers
forget mlms, we all work for one gigantic pyramid scheme.
This video is essential viewing. I totally agree that nowadays most people work in the service sector and they don’t produce anything tangible. The pendulum is eventually going to swing the other way and people who can make and fix things will be more in demand than PowerPoint and Excel warriors.
Not true. The high degree of specialisation has lead to a situation where if you want to be a competitive maker and fixer, you need competitive sales people and marketers to keep you in business. You may think you can do without, and maybe you can build up some business for yourself over time. But there will be other people out there running bigger operations, and they will attract customers because their response times are shorter, and maybe they can harness economy of scale to be a bit cheaper. And of course they will advertise, so if I need that kind of service, they might be the only player I'm aware of when I make my purchasing decision.
As long as human conflict exist such as advantaged vs dis advantaged, rich vs poor, war will be break out periodically.
As long as there are Wars and Hates exist and human compete with each other, nation compete with each other, e.g making expensive bombs to below the enemy's expensive tanks or aircrafts will become our "pointless" jobs, the ultimate question is how to stop human conflict, when human conflict stops, wars will stop, pointless jobs will stop.
Realizing corporate greed is going to destroy the planet while we are getting poor as the middle class
RUclips is a good example of increased productivity with significantly fewer people required. Videos like yours are produced these days with 1-3 people involved whereas a decade or two ago such production value would require entire teams in production and post production to accomplish. The sheer volume of videos produced at this level in a year today completely dwarfs that which would have been produced in decades past.
The issue is, how can you force the rich to share the value?
An extra tax specifically for them? Idk 🤷♀️
@@Candyy248 would have to be global or else they just move or find loopholes like nowadays
We are all here chasing the most useless things that human have created! Money! It’s not real but so many believing in it that’s real and we are trapped by it!
Everybody misses one crucial point about that graph showing productivity going up since the 1970's but incomes not going up. Everybody says this graph proves that capital is grabbing more than its fair share of the productivity growth. In reality the returns on capital are about the same as they always were, about 2-5% per year. Capital is NOT being excessively rewarded. What happened in the '70's was that the amount of capital being invested per worker shot up and this is what caused the greater productivity in the first place.
A business has twice as much money "invested" in it, but it's required to yield the same percentage dividend, so it has to produce twice as much profit. This is despite having the same workforce, the same turnover, and not having actually received any of the extra money "invested" in it, which went to previous shareholders selling their shares for twice what they paid for them. So it finds ways to make its workers twice as productive, whether by making them work harder or by inflating the sales prices of its products, but their wages remain unchanged.
There is too much money in the share market, and the tragic part is that some of it is the retirement investment funds of the workers whose wages are stagnating so abysmally. A much larger part belongs to purely parasitic investors, but it's very hard to do anything about the parasites without also harming the workers.
@@tealkerberus748 Yes, the financial system prioritizes shareholder gains over direct investment in workers.
1. Distinction Between Productive Investment and Financial Markets: There is a significant difference between capital invested directly into businesses for growth and the inflated capital circulating in financial markets, which benefits shareholders without supporting wage growth or business expansion.
2. Productivity and Wage Stagnation: Workers are becoming more productive, but their wages remain stagnant because companies are forced to increase profits without receiving direct capital investment. This dynamic leads to squeezing more productivity from workers without corresponding wage increases.
3. Financialization of the Economy: The influx of capital into financial markets, including workers' own retirement funds, fuels inflated stock prices and pressures companies to boost profits. This phenomenon benefits investors while leaving workers' wages behind.
4. Reform Dilemmas: Addressing the imbalance in the financial system is difficult because reforming the system could harm workers, whose retirement funds are tied to the same financial markets that contribute to wage stagnation. Balancing the needs of workers and the broader financial market structure is a complex challenge.
Work IS a day to day thing that is necessary but it absolutely does not need to take 8-12 hours a day to do the stuff companies want you to do. Think of what you could create as a woodworker in 12 hours for example or how much testing you could accomplish as an intellectual. Heck, you only "work" as long as necessary to accomplish the task. It may take you 2 hours to clean the gutters or it may take 4. All I know is standing at a register for hours on end is not what ANY human should be doing day in and day out just to make $400 a week.
Working 3 days a week and chilling life
how ?
I agree with the message you gave in the video.
Many jobs are meaningless today.
If a new economy ecosystem is not created,
the world’s 50% with the least income will soon cause great chaos.
Great video. Is see videos about why people dont want to work and that the older generation think they are lazy. This explains why very evidently. Briliant work. One thing I see, which you might do a video on, is that when growing up my parents spoke about a "cost of living payrise". Yet when you ask you employer for one of these they tell you "they dont do rises based on the rate of inflation, they do it on the market rate". Well if all companies are doing that the market will never rise. Is this another reason the younger generations feel theybare stuggling more, finding it harder to rise and deciding it isnt worth the effort, as it seems impossible to beat inflation, so why bother. I for one feel like my income has only decreased in the last 10 years and feel very lucky it is a high income and that hasnt meant ive started struggling, yet, but I constantly work to replace my job with something that has the potential to grow, instead of pretend to grow. I feel many people dont understand this and think a pay rise is an increase in income, wjere as these days it is a reduction in the speed of a direct route to suffering financially, sooner or later. It is sad to think we have to work hard to reduce the rate of which we get poorer.
As a corporate slave, I'm all for less hours but increase in productivity is due to capital investments, not human resources. Productivity per worker is about the same before it is amplified by capital investments on technology, so its difficult for workers to lay claim on the additional value
But didn't the capital required for the investments come from the work the workers did in the first place?
@@Michael-mr3ig Good Point.
David Grabber pointed this out years ago in his incredible book "Bullshit Jobs", where he shows exactly this increase in pointless jobs and how they contribute to people's unhappiness.
I really love your work here. This is an outstanding and eyes-opening channel, that deserves billions of subscribers.
Good luck with that.
In fact, the content on this channel is so great that for the first time I feel like I want to donate money even though I don't have much of it myself.
Thank you. You are my man ! Everything that I hear from your videos is as if I spoke out my own thoughts. In this one even more than in others.
Thank you very much! Any other topics you hope I'll make an essay about?
I see your point. As productivity goes up, the benefits to the worker should go up as well.
That's a very superficial way of looking at it. You need to assess the situation globally. The benefits for working people did go up, and they still do. Just not in the western world. Instead, other regions of the globe are catching up in productivity, and standards of living are increasing there.
As a person trying to be a filmmaker myself. There were points in this that was ABSOLUTELY EXCEPTIONAL!
You'll be a phenomenon soon man! Respect and looking forward to more.
Thank you for making this video, many people know what u are talking about, but also many have no clue. Lets spread the message of making life better on this damned planet and reduce suffering for all of us here. Because the more u know how wonderfull life is, the more u suffer spending it for someone that doesnt care about you.
The thing is most people don't understand any of this. That's why the situation exists.
Excellent video! You really put into words what I have been thinking these last few years and what our parents generation will never understand. Hope I find some way out of the rat race soon.
The reason this happened was because they took the dollar off the gold standard.
The money/rewards have gone to politicians and hiring government workers that suck out the value from what is produced.
Also, the tech that has been invented was BECAUSE people worked hard. Without working hard, you don’t find more effective ways to do things.
Hard work is a great thing.
Also, when people retire, they die a lot faster (they don’t get 10 years younger - or at least so I’ve heard)
it's simple, blame the neoliberals and their dogs
I think it depends upon what you do. If your employment is a grinding 9 - 5 office or factory job, yes, you really SHOULD be retiring earlier (and Society should be making that financially possible AND acceptable). At the other end of the spectrum, many who work in, say, tertiary healthcare, research, etc. really like "doing what they do", and for them it is far more than "just a job"; Patient contact, peer support and being "there" with the rapid evolution in Medicine are a very addictive combination, as well as the opportunities to teach the next generation of e.g. Physicians.
Greed is our biggest problem. We need to find ways to handle the situation.
Just discovered you today but no doubt you have some serious talent, your time in the sun will come!! All the best with the career transition, keep doing what you’re doing!
Thank you for tearing down the media wallpaper that masks reality. Greetings from Bulgaria!
What if you pursued a job you genuinely enjoy? Working in a field you’re passionate about can make it easier to put in the effort, achieve regular promotions, and continue growing in your career.
I have just found your channel and I am awestruck! Wow! Yes, as others have said, your channel is undervalued by RUclips but no doubt you are going to skyrocket. I’ve already asked my local Texas library to purchase some books you’ve recommended as well as placed holds on others they have. In addition I’ve shared your videos with friends and family. I am so glad you have this channel!
Keep spreading the word. I quit corporate cubicle hell at 31 in 2002 to do something that mattered. Hopefully more will do same.
I am an office worker. When I graduated I was eager to do a real job, to have an impact on the world. But for the past 7 years I had none. I always thought it's my fault, that I had little to do in my jobs. I even felt bad because other people even worked overtime. Then I blamed my manager for not distributing work to me. Now I realise that it isn't my fault. I arranged myself with my situation. I'm doing all my housework during my two days working from home or I play videogames. I would love to reduce my working hours. But then I wouldn't be able to save money for retirement.
If we could lower our needs and wants, then we wouldn't have to work so much. If we stop consuming so much, we could live with less money, and we wouldn't have to spend much time at work. I think it's an easy, viable solution.
You have to go beyond saying "rich capital owners" and NAME THEM if you want to fight them.
Nice vlog! Very thought provoking. We don’t live to work we work to live. If you don’t enjoy your work ur ur drudgery.
Population reduction is the sad things. Many people think having a family is a luxury. If they have children, they'll raised at day care, because they're working.
And we cannot do anything to it.
Politicians are good at two things: causing wars and unemployment.
I choose to let the top 1% take it all, because I'm naive enough to believe I'll be in that club one day...
This is the content we Europeans need to share. The actual problems. More forums would be necessary to come up with actual action points and start grinding our way out of the valley we are travelling through.
Astonishing quality of content, thank you for your work!
Much appreciated!
I'm sure this guy is coming from a good place. But he can't see that he is from one of the most well off countries in the world and likely has a family with plenty of money. Very few if any people have the option to just not work and become a film maker
That subscriber count doesnt make any sense, I hope you can continue this amazing quality videos!
This channel is a goldmine 🏅!!
The algorithm blessed me again :)
We have stopped is WRONG! Employers have bought the politicians more and more (either with direct cash or supporting a party or via offering cushy, well payed jobs after the political career (often jobs that you don't even need to work, you are just "on the payroll")) and thus no new improvement laws were passed (hell: I know of no country where an ergonomic workplace - which can prevent a lot of work related injuries, especially concerning the neck and back - is something that's enforced by law!)
If you're looking for workplace safety, try Australia.
Insane content, i can not believe this video does not have one million views. You will get there for sure. Keep the videos coming.
Thanks! :)
This video is amazing! Gary's economics makes a convincing case for a wealth tax btw...