Tag Archives: Labor market

Bullshit Jobs and Corporate Correctness

In the New Yorker, Nathan Heller reviews David Graeber’s “Bullshit Jobs.”

In the course of Graeber’s diagnosis, he inaugurates five phyla of bullshit work. “Flunkies,” he says, are those paid to hang around and make their superiors feel important: doormen, useless assistants, receptionists with silent phones, and so on. “Goons” are gratuitous or arms-race muscle; Graeber points to Oxford University’s P.R. staff, whose task appears to be to convince the public that Oxford is a good school. “Duct tapers” are hired to patch or bridge major flaws that their bosses are too lazy or inept to fix systemically. (This is the woman at the airline desk whose duty is to assuage angry passengers when bags don’t arrive.) “Box tickers” go through various motions, often using paperwork or serious-looking reports, to suggest that things are happening when things aren’t. (Hannibal is a box ticker.) Last are “taskmasters,” divided into two subtypes: unnecessary superiors, who manage people who don’t need management, and bullshit generators, whose job is to create and assign more bullshit for others. …

Graeber comes to believe that the governing logic for such expansion isn’t efficiency but something nearer to feudalism: a complex tangle of economics, organizational politics, tithes, and redistributions, which is motivated by the will to competitive status and local power.

My view is that what Graeber describes is a reflection of growing “corporate correctness,” the tendency

  • to structure and regulate everything, and often in an incompetent way;
  • to focus on appearance rather than content (think of power point);
  • to avoid responsibility by forming commissions and commissioning reports; and
  • to replace common sense by a mentality of box ticking, buzz wording, and bull shitting.

Of course, corporate correctness transcends the corporate sector. Universities and the public sector are leading the way.

Polarized Labor Markets

In the NZZ, Thomas Fuster and Jürg Müller interview David Autor. Autor on polarization:

Der Arbeitsmarkt wird immer polarisierter. Auf der einen Seite haben wir viele gutbezahlte, hochqualifizierte und interessante Stellen. Auf der anderen Seite stehen schlechter entlöhnte und niedrigqualifizierte Stellen, bei denen es quasi darum geht, dem Wohl und Komfort der Wohlhabenden zu dienen. Das ist keine gesunde Entwicklung. Sie schlägt Stufen aus der Leiter des wirtschaftlichen Aufstiegs. Das hemmt die Mobilität.

US Labor Market and Monetary Policy

In a blog post, Stephen Williamson argues that the US labor market is doing just fine.

Given recent productivity growth, and the prospects for employment growth, output growth is going to be low. I’ll say 1.0%-2.0%. And that’s if nothing extraordinary happens.

Though we can expect poor performance – low output and employment growth – relative to post-WWII time series for the United States, there is nothing currently in sight that represents an inefficiency that monetary policy could correct. That is, we should expect the labor market to remain tight, by conventional measures.