The economic and financial stresses will exceed the workforce’s carrying capacity in the next recession.
A number of recent surveys reflect a widespread sense of financial stress and symptoms of poor health in America’s workers, particularly the younger generations.
There’s no real mystery as to the cause of this economic anxiety: — competition for secure, well-paid jobs that were once considered the birthright of the middle class is increasingly fierce; — the pay and predictability of the jobs that are available are low; — high-paying jobs are extraordinarily demanding, forcing workers to sacrifice everything else to keep the big-bucks position; — the much-lauded gig economy is tracking the Pareto Distribution, as 80% of the income accrues to the top 20%, and those trying to earn a lower-middle class income in the gig economy are working long hours to do so; — housing costs are unaffordable in hot job markets; — commutes to jobs from lower-cost areas are brutal; — student loan debt taken on to earn low-value diplomas is crushing.
These are just the highlights, not an exhaustive list of the common stresses experienced by American workers of all ages.
The inevitable result of these pressures over time is burnout, which anecdotally is reaching epidemic proportions in the U.S. and other nations. While many of these stresses are unique to private-sector precariats gig economy or insecure positions in Corporate America, workers in public safety and healthcare are also prone due to increasing workloads and understaffing.
agencies and Corporate America recognize the dangers posed by burnout, few agencies and companies are actions to address the sources. Given that many of are systemic, there is only so agencies and companies ; but what they can do may make the difference between into total burnout or being able to manage high levels stress.
But why should workers tolerate high levels of chronic stress? –quitting the source of the stress and finding a , lower pressure livelihood is an increasingly .
quo is purposefully blind to the systemic dangers of it depends on obedient workers producing wealth, paying taking on debt to buy more stuff. As I have noted recently, productive workers with work skills have the gain by bailing out of the long / rat race and establishing a lower-cost, lower stress .
Push Them Hard Enough and the Productive Class Will Opt Out of Servitude Since the high-income workforce pays the lion’s share of income taxes, a mass exodus of burned out high-productivity workers shortfalls in tax revenues and in creditworthy buyers housing in high-stress coastal urban regions. Burnout isn’t limited to highly paid workers; lower paid workers multiple jobs are carrying enormous burdens of chronic stress.
The economic and financial stresses will exceed the workforce’s carrying capacity in the next recession. of chronic stress and economic insecurity, the recession of 2008-09 never ended for many workers; rather, the burdens have the damage wrought by unrelenting stress is reaching the of failure, where stress cascades into total burnout and of jobs not by choice but by necessity. Depression, fatigue, burnout stress are all related, and of self-help columns aimed at relieving stress don’t systemic burdens placed on workers: rather than tell and small business owners they should meditate at 5 am their commute, the entire system needs to be overhauled. Major Depression Rates Surge
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