Is it just my imagination, or has there been an up-tick in socialist rhetoric lately? Don’t get me wrong, I think that decisions about the role of government in our economy should be put in the hands of voters, and I recognize that for a few decades people steadily voted for less government. But it looks like once every couple of weeks, another corporate heavyweight and another major news outlet presents a strong case that corporations have screwed it all up and it’s time for government to step in.
I’m counting this as a relevant topic for human resources generalists to take really seriously. Brokering a compromise between the corporate mission and the sentiments of front-line workers is much of what we do all day, whether it’s in collective bargaining, employee communications, or just explaining a layoff to an affected employee. So, when you’re trying to find an appropriate balance between the interests of unions and investors, it can be important to keep your fingers on the pulse.
In an article from Wired, the author criticizes Equifax, which released the confidential financial information of hundreds of millions of borrowers. The author asserts that the Equifax breach is different from security breaches at regular bricks-and-mortar companies because Equifax’s entire reason for being is the safe storage of confidential information. An effort at which they failed. The author calls for the dissolution of Equifax’s corporate charter.
In my earlier blog post summarizing a major report by McKinsey on the structure of the gig economy, the general management consultancy started to leak spoonfuls of compassion. The article notes that modernizing the social safety net may be warranted, in particular to extend social insurance systems to cover independent workers and those changing traditional jobs more frequently. McKinsey also points to the pooling of workers by unions in the entertainment industry as a suitable vehicle for delivering health benefits coverage.
In an HBR article by Eric Garton from Bain & Company, another general management consulting firm, the author asserts that we should be investing more in employees to improve labour productivity. After detailing a number of ways employee effort can be harnessed through employee engagement and a lower level of busy-ness, the author then turns to public policy. Garton asserts that higher wages and investments in health care, training and education are among the possible additional improvements needed to achieve a better economy.
Over at Guardian.com, the left-leaning publication might normally be expected to call for greater government involvement in the economy. But in this article they have abandoned those little comments from years gone by about tax-the-rich-here and social-programs-over-there. They’re going for the jugular and calling for a government takeover of Google, Facebook, and Amazon.
The author explains that the first-to-market and winner-takes-all nature of these major platforms eliminate competition, voiding any pretense of a free market. With artificial intelligence likely causing power and money to concentrate even further in future, nationalization might just be fair game: “…utilities and railways that enjoy huge economies of scale and serve the common good have been prime candidates for public ownership. …Tinkering with minor regulations while AI firms amass power won’t do.”
Over at the Atlantic, they’re interviewing people in the Silicon Valley who are asserting that our consumer electronics have addictive properties that are deliberate and need to be curtailed. One expert “…compares the tech industry to Big Tobacco before the link between cigarettes and cancer was established: keen to give customers more of what they want, yet simultaneously inflicting collateral damage on their lives.”
What should we do about being duped into staring at our smartphones far too often? Why, open revolt, of course! “Harris thinks his best shot at improving the status quo is to get users riled up about the ways they’re being manipulated, then create a groundswell of support for technology that respects people’s agency–something akin to the privacy outcry that prodded companies to roll out personal-information protections.” On the low-end the same experts are calling for a shift to non-addictive behaviours, similar to switching to organic produce at the grocery store. But that’s for lightweights.
Now, some of this might just be talk, and maybe we should take some of it with a grain of salt. But next time you’re in the elevator or at the bargaining table or out for drinks with a friend who is stuck in their career, listen more closely. As an HR professional you’re going to be expected to show that you’re in touch, and this kind of thing can sneak up on your. So think carefully, ahead of time, what you’re going to say when you’re out in public and your best friend asks you to hold their pitchfork.