Why do the media always pit labor against capital? – TechCrunch

The turmoil that followed Dolly Parton Rewrote the lyrics to “9 to 5 o’clock” A Squarespace Super Bowl commercial revealed an English problem. Workers are no longer workers.

When she sang to celebrate the entrepreneur:

“Work from 5 to 9
You have passion and vision
“Because it’s Hasulin” time
A whole new way to make Livin
I’m going to change your life
Do something it makes sense … “

Some criticized it for celebrating the “empty promise” of capitalism. It’s as if the people who want to start their own business are “workers” who need to be protected from strong companies. Others have realized that our economy has unprecedented nuances and that Parton is probably working on something.

In fact, her updated lyrics represent a change in dominance between capital and labor 40 years after she wrote the original. The idea that the only thing to go on is “a rich game … put money in his wallet” is gone. Workers today have the potential to be different from the 1980s she first sang.

“I have a better life
And you think about it, right?
It’s a rich game
No matter what they call it
And you spend your life
Put money in your wallet “

There are abusive businesses that need a better social safety net so that people are not at the mercy of the doctrine of shareholder dominance, but the truth disguises a more complex reality. The gap between capital and labor seems more and more anachronistic, a reversion to language and the fantastic simplicity of another era. Nevertheless, the media continues to push for this false dichotomy. This false belief that labor and capital are two separate opposite forces in our economy. Perhaps doing so is human nature.

Or you might just sell the newspaper or increase the number of clicks. The media certainly thrives in conflict (reality or imagination), with the humanity of trying to group things in black and white, as well as the continuation of our economy as consisting of individual actors who exist only on one side of capital / labor. Framework makes the story simpler.

The truth about this aspect of our economy, like most, lies in the gray area. Nuances and movements between groups. The US economy has always had its own entrepreneurial spirit, from the discovery of “new land” to the formation of governments, the expansion of the country, and ultimately industrialization. Entrepreneurs have long been a leader. Today, nearly 60 million people have some form of entrepreneurship.

The majority live at the forefront of the economy. They are freelancers or late-night business starters sung by Parton. They are freelance to make money to support other dreams, or they are connecting lives for themselves by becoming their own bosses. They drive Uber, serve food to GrubHub, and sell crafts on Etsy. It has never been more accessible to more people to broaden their horizons by pursuing entrepreneurial dreams. And they are in the world of technology. There, one person at the kitchen table brings innovation to the market with the same power that a giant company did 40 years ago.

Right to Start CEO and former entrepreneurial vice president of the Kaufman Foundation, Victor Fan, described the capital-labor debate as “the biggest false story out there.” It’s an artificial story we created: Employers vs. Employees. Big vs. small; company vs. worker. Everything is a false story, contributing to the false belief that the most important battle in our economy exists between these perhaps opposition. “

But our economic and government financing debates are often organized by the media, centered around the ideas of capitalism and socialism, businesses and workers. The increasingly divisive conversation has some of the characteristics of deliberately designed departments, such as those relating to climate change and gun rights. Interested in freezing the government inactive, the right-wing group has come up with a way to divide the country into two groups and have them fight.

Why don’t we have universal insurance, parental leave and working infrastructure? Everything that boosts entrepreneurship and small businesses, not by chance? We were too busy fighting the acquisition of socialism and the evil of capitalism.

“These discussions should be seen as part of a larger discussion,” Mr. Huang said. “We should strive to encourage highly innovative people and businesses. What categories do we need to develop? How do we classify someone’s role in the economy?”

What the economy needs is a system that allows more people to become producers and entrepreneurs. Find opportunities to solve problems and make a difference in the community. Instead, we built a system to support existing companies. It thrives as it stands. It curbs innovation and uses division tactics to do it. It is the tension that arises from the neoliberal worldview that reached near consensus in the late 20th and early 21st centuries.

Not only do we insist that free markets and open trade make businesses easier and better (we generally agree), but the only important thing in our economy is to make big companies bigger. It also meant that it was to do (perhaps occasional start-ups — but only those that grow rapidly and have the potential to become big companies on their own). What was lost was the value of small businesses operating in the middle space of our economy. We haven’t even effectively measured their effects.

We want to know how the “economy” works, so it’s the fate of the 500 largest publicly traded companies (S & P 500) or the 30 largest companies that make up the Dow Jones Industrial Average. It’s no wonder people on the main street are bothering their heads. Experts explain that the economy is thriving, citing the continued rise in the Dow, where millions of small businesses around can be seen closing.

In our book, “New builder“We describe entrepreneurs as” builders. ” According to the online etymological dictionary, builder is a word with Old English roots in the idea of ​​”existing, existing, growing”. In the century when change is a common language, builders own the value of their labor as a mechanism for building independence and ultimately capital.

It’s easy to forget that the vast majority of these builders (owners of American small businesses) create opportunities with the most limited resources. According to the Kaufman Foundation, 83% of companies are formed without bank loans or venture capital support. Still, SMEs account for almost 40% of US GDP and almost half of employment. Perhaps that’s why international economic publisher David Smic called them “great equalizers” in his book of the same name.

Technology has the potential to radically change the landscape of businesses of all sizes and enable the revival of the SME economy. Instead of pushing the false story of having to choose whether an individual is part of the labor economy or the capital economy, we need to encourage liquidity between the two. The more capital ownership we encourage by saving, investing in our own businesses, and allowing more and more people to become investors of all kinds, the more we create wealth and the next. Promote open economic activities for generations.

The version of this article was originally published in the Summer 2021 edition. International economic magazine.

Why do the media always pit labor against capital? – TechCrunch Source link Why do the media always pit labor against capital? – TechCrunch

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