I think a bigger question would be “Why?”
Why do CEOs & other top leaders run their organizations in the exact way that is guaranteed to produce the least efficiency?
Why are they retained & promoted when they do?
It has been proven that workers, as this article points out, are more productive when we’re valued, when our work has meaning, when we have some autonomy & stake in the system, when we can focus on our work instead of meaningless bureaucracy. Purpose, just wages, & community are what drive workers.
Yet CEOs run their organizations like banana republics. Workers are disposable cogs, there is a lack of grounded vision, a huge disconnect between appearance & reality - slogan & marketing are all that matters - They would rather have less productivity & more petty power & money for themselves. They are then *rewarded* for this with more money & power.
Indeed, increasingly, corporations function almost entirely as a means by which a tiny handful of people get very rich & powerful. Productivity is a byproduct, not a goal. They are quite open about this, if not with words, certainly with actions.
We can view this in tandem with Elizabeth Warren’s observation that minimum wage would be $22 if salaries had kept pace with productivity. She asks pointedly where the difference has gone to, but we all know the answer.
And that’s the answer to why: Organizations exist not to be efficient but to create a plutocracy. If that is ‘capitalism,’ then capitalism is a failure.
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