I’ll throw this here.
Why are millennials burned out? Capitalism.
Author Malcolm Harris on why millennials need a revolution.
https://www.vox.com/2019/2/4/18185383/millennials-capitalism-burned-out-malcolm-harris
https://cdn-vox--cdn-com.cdn.amppro..._asset/file/13726464/productivity_pay_gap.jpg
Sean Illing
The key variable you emphasize in the book is the divergence between productivity and compensation — or the fact that people are working harder while wages aren’t going up. Why is this such an important data point for you? And how has it altered the day-to-day life of millennials?
Malcolm Harris
I think it’s crucial. Marxists would refer to this as an increase in the rate of exploitation, meaning workers are working longer, harder, and more efficiently but are receiving less and less in return. I reference Marxism here (even though his name never appears in the book) because conventional American economists don’t really have a term for this — it’s not something they like to talk about because they don’t recognize that capitalism is built on exploitation.
But it is a defining shift in our society, and millennials have been forced to grow up and enter the labor market under these dynamics, and we’ve internalized this drive to produce as much as we can for as little as possible. That means we take on the costs of training ourselves (including student debt), we take on the costs of managing ourselves as freelancers or contract workers, because that’s what capital is looking for.
And because wages are stagnant and exploitation is up, competition among workers is up too. As individuals, the best thing we can do for ourselves is work harder, learn to code, etc. But we’re not individuals, not as far as bosses are concerned. The vast majority of us are (replaceable) workers, and by working harder for less, we’re undermining ourselves as a class. It’s a vicious cycle