Is Our Future Going to Be Keeping Rich People Happy in a Servant Economy?
2012 11 13

By Sam Pizzigati | AlterNet.org

Fire fighter, basketball player, lion tamer, teacher, nurse: Ask little kids what they want to be when they grow up, and you’ll get all sorts of answers.

But you’ll never hear this one. You’ll never hear youngsters say they want to devote their careers to serving rich people.

Today’s youth might want to reconsider. They’re facing an American economy where serving rich people increasingly seems to offer the best future with real opportunity. Or, as the economist Jeff Faux puts it , we’re well on the way to becoming a full-fledged “servant economy.”

We’ve had “servant economies” in the world before. At times, people even rushed toward servant status. In the early industrial age, jobs in mines and factories would be dirty and dangerous and pay next to nothing. Domestic work for rich families could seem, by comparison, a relatively safe haven.

But that calculus changed as workers organized and won the right to bargain collectively for a greater share of the wealth they were creating. Over the first half of the 20th century, America’s super rich lost their dominance, and fewer and fewer Americans worked as servants for them.

This state of affairs didn’t last long. Since the late 1970s we’ve witnessed an assault on the building blocks of greater equality — strong unions, steeply graduated progressive taxes, regulatory limits on business behavior — that has hollowed out the American middle class.

Good manufacturing jobs have largely disappeared, outsourced away. Most Americans no longer make things. They provide services.

We could, of course, have a robust “service” economy, if we built that economy on providing quality services toall Americans. But providing these quality services, in everything from education to health to transportation, would take a significant public investment — and significant tax revenue from America’s rich.

A half-century ago, we did collect significant tax revenue from America’s wealthy. No longer. Tax cuts have minimized that revenue and left public services chronically underfunded. That leaves young people today, as economist Jeff Faux points out in his new book The Servant Economy: Where America’s Elite is Sending the Middle Class, with a stark choice.

Young people can become engineers and programmers and spend their careers in “pitiless competition with people all over the world” just as smart and trained but “willing to work for much less.” Or they can join the servant economy and “service those few at the top who have successfully joined the global elite.”

In this new “servant economy,” we’re not talking just nannies and chauffeurs. We’re talking, as journalist Camilla Long notes, “pilots, publicists, art dealers, and bodyguards” — a “newer, brighter phalanx of personal helpers.”

[...]


Read the full article at: alternet.org





Related Articles


Latest News from our Front Page

Footage of Killer Machete ‘Terrorist’ Attack in Woolwich, East London - Major Inconsistencies in the video footage
2013 05 24
Red Ice Creations: The following analysis of the killing in Woolwich, London is provided by many sources. Many different opinions are gathered, but on the whole it’s clear that the level of suspicion of the press, as well as government and security officials, is high. And with all that’s going on it’s not unfounded suspicion. There are still a multitude of ...
Soldier Beheaded in Broad Daylight Machete Attack
2013 05 23
Woolwich attack: terrorist proclaimed ’an eye for an eye’ after attack A British soldier has been butchered on a busy London street by two Islamist terrorists, one of whom proclaimed afterwards: “An eye for an eye and a tooth for a tooth.” In the first terrorist murder on the British mainland since the 7/7 suicide bombings of 2005, the men attempted ...
Ciudad Blanca Found? The lost city in Honduras
2013 05 23
Explorers have been searching on foot for Honduras’s mythical city for generations. Now, they seem to have found it from a tiny Cessna airplane, aided by million-dollar technology. Is the fabled lost city of Honduras hiding beneath the dense jungle canopy? The Mosquitia rain forests of Honduras and Nicaragua are, to put it mildly, thick jungle. As one travel guide notes, "While ...
Cheetah-bot races into your post-apocalyptic nightmares
2013 05 23
An ongoing robotics project at MIT aiming to recreate the gait of a cheetah is sharing a new video showing off the latest progress. There’s a long way to go before anyone would call it catlike, but it’s impressive nevertheless. MIT Cheetah The Biomimetic Robotics Lab at MIT is attempting to create things much like those being made by the more well-known ...
When an Army of Artists Fooled Hitler
2013 05 23
Shortly after the D-Day invasion on June 6, 1944, two Frenchmen on bicycles managed to cross the perimeter of the United States Army’s 23rd Headquarters Special Troops and what they saw astounded them. Four American soldiers had picked up a 40-ton Sherman tank and were turning it in place. Soldier Arthur Shilstone says, “They looked at me, and they were ...
More News »