Comment by bobthepanda
9 days ago
Also to some degree there is anti-elitist backlash after being told you need to have a bachelor's, which is very expensive at these universities, but also it's basically impossible to get an entry-level white collar job without one these days; and for a while the economy bifurcated with different outcomes for white-collar knowledge vs. blue-collar workers.
60% of the US workforce these days is white collar, and it's one of the great illusions of our time. Most of these jobs only exist to keep busy the 60% of the US workforce that has a degree. In the 1940's about 30% of the US workforce was white collar and only 5% had degrees. What caused this change? It's probably because blue collar workers made so much money and had so much leverage that businesses shipped all their jobs overseas. Blue collar people actually make real things and perform useful toil for society, whereas now they're working fake jobs for less money which they're told has higher social status. It's genius the way the system works. The way it takes from people (student loans, less pay) while persuading them they got a better deal. But how can you have a society where the majority of workers are administrators? Well you needn't look any further than America to find your answer. One day the music is going to stop and other nations, like China, whose workers held no such delusions of grandeur, will have the advantage. Their illusion is that the government is a dictatorship of proles, which makes people think it's high status to be a prole. Plus when your government is officially one big labor union, you can effectively ban unions from interfering with production.
One of the reasons white collar is desirable is the physical toll that work over a lifetime can take on a persons body. So, in one sense, it could be perceived as a better deal. Whether it actually is or not is another thing.
Chinese industry is not known for caring overly much about the long term effects on the bodies of their workers. They have more.
And yes, I find it scary to think of what the world is competing with in China. It is hard to compete with their brutal workforce ethics (or lack thereof) and as they seem to be getting well on top of technology too the future is theirs it seems.
It is until it is not.
Chinese working hours are mostly long to balance out low productivity. This worked for Japan until it did not; Japanese growth stalled until Japanese workers were poorer than Taiwanese or South Koreans by some measures. And China is racing fastest towards demographic collapse, particularly in its largest, most productive cities by. People 60 and older make up 37% of the population in Shanghai, and there the TFR is 0.6.
"White collar" labor, in a service / knowledge economy doesn't mean "not making real things". Most (?) people on this board do something software or science or product related. Software is real, even if it's intangible. Research is real, even if it's inscrutable. Heck, Design is real, even if it's ineffable.
(Yes, yes, there's vapor-ware, and useless products, and certainly "fake jobs". Those existed in the '40s, too, and in any other time period or economy you care to look at.)
In my view, the problem is that white collar workers stopped thinking of themselves as Workers. Any of us who rely on a company for a paycheck (and, perniciously, in the US for health insurance) aren't Capital, even if we make high salaries. Maybe we're aspiring to join that class - we'll hit the startup lottery, or FIRE, or our IRA portfolio will go up forever - but we ain't yet. (That's fine, by the way: I'm using Marxist terms, but I'm not a Marxist. Pursuing financial independence, and the real - even if remote - possibility of attaining it is what's made the US such a dynamic economy.)
However, allowing our aspirations for wealth, or the relative comfort of white-collar jobs, to lead us to identify with the political goals of Capital - or worse, to adopt an elitist attitude towards people who work in what you call the "real economy" - is what's got the US into the mess we're currently in. That's the "genius" you identify in the present system, and the origin of the cruelty within it.
In reality, we're all Working Class (well, 99% of us are - although that proportion is way out of whack on this board, of all places!), and we need to (politically) act like it.
A lot of white collar work is just larping as the 1%. It's due to the over-manufacturing of elites. Roles that exist to keep people busy while confering illusory social status aren't very useful to society. Freedom and usefulness comes from humility and devotion to others. For example, you don't need to be in the 1% to have financial independence. You just have to not spend money on things that cargo cult the 1% like a fancy home, fancy car, and fancy dress, since that's a weakness in yourself that the 1% exploits to keep folks dependent on paychecks. Refusing to covet what the 1% has is how you act like a true 99%er. Not through politics, but by changing what's in your heart.
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great illusions of our time, like there's not data to back it up?
He's saying that the economic viability of the model is illusory.
And this anti elitist backlash will lead to… greater wealth inequality as the middle class is forced to cash out their equity and investments in a down market to be gobbled up by the top 1% like Elon Musk.
While I know this, I will say there is a communication issue in which sneering and lecturing is not really an effective way to persuade others.