Fascinating article in Time Magazine about the anthropology of work and how Wall Street sets the tone and structure of work in the wider society.
The headline is that Wall Street workers are liquid workers.
I thought that meant that they drank a lot, but the author of Liquidated: An Ethnography of Wall Street Karen Ho, a Professor with the University of Minnesota, says its more to do with workers who are completely disposable.
"There's constant job insecurity, constant downsizing, constant restructuring, a constant need to retrain to have an adaptable skill set and be flexible. In a sense, job security and stability have been liquidated ...
Does this justify the bonus culture?
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...