{"id":625369,"date":"2018-08-02T03:48:38","date_gmt":"2018-08-02T03:48:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/an-abundance-of-pointless-jobs-is-behind-the-worlds-stagnant-productivity-levels\/"},"modified":"2018-08-02T03:48:38","modified_gmt":"2018-08-02T03:48:38","slug":"an-abundance-of-pointless-jobs-is-behind-the-worlds-stagnant-productivity-levels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/an-abundance-of-pointless-jobs-is-behind-the-worlds-stagnant-productivity-levels\/","title":{"rendered":"An abundance of \u201cpointless jobs\u201d is behind the world\u2019s stagnant productivity levels"},"content":{"rendered":"

<\/a> An abundance of \u201cpointless jobs\u201d is behind the world\u2019s stagnant productivity levels: <\/strong>The service sector seems to have created an abundance of \u201cpointless jobs which could be eliminated with absolutely no loss to society,\u201d Mark Buchanan writes for Bloomberg<\/a>. A new book by anthropologist David Graeber claims that businesses in this age are less concerned about creating value and more concerned about solidifying and maximizing their existing wealth and stature, which ultimately resulted in the existence of jobs that feel unfulfilling, unrewarding, and probably cost more than they\u2019re worth.<\/p>\n

It\u2019s all about control: <\/strong>These jobs \u2014 which according to surveys are typically found in fields including public relations, human resources, corporate law, finance and banking, etc. \u2014 are \u201cgenerated naturally out of the corporate managerial struggle for influence, status and control of resources,\u201d Graeber argues. A UK-government funded 2012 review of financial markets, for example, \u201cconcluded that lots of finance is senseless zero-sum activity that drains investment away from useful enterprise.\u201d Another study by MIT economist Xavier Gabaix found that the wealthiest among us nowadays \u201chave skewed the playing field in their favor, finding ways \u2014 such as access to better information, legal or tax planning services \u2014 to capture more of the profits coming from productive work.\u201d<\/p>\n

Is that really so bad, you ask? <\/strong>The lack of \u201creal value\u201d in many of the jobs that people is the likely culprit behind the world\u2019s slowing levels of productivity, Buchanan argues. Around 37% of the participants in a 2015 survey in the UK said that they believed their jobs \u201cdid not make meaningful contribution to the world.\u201d A similar survey in the Netherlands \u201cfound 40% saying the same thing.\u201d So perhaps, Buchanan suggests, that a shift in philosophy towards solving problems, rather than turning a profit, is in order.<\/p>\n","protected":false},"excerpt":{"rendered":"

An abundance of \u201cpointless jobs\u201d is behind the world\u2019s stagnant productivity levels: The service sector seems to have created an abundance of \u201cpointless jobs which could be eliminated with absolutely no loss to society,\u201d Mark Buchanan writes for Bloomberg. A new book by anthropologist David Graeber claims that businesses in this age are less concerned […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625369","post","type-post","status-publish","format-standard","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"73db7fef-3be9-44e9-963d-ee1fdf835d16","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[625347],"teaser":"","voice_url":""},"yoast_head":"\nAn abundance of \u201cpointless jobs\u201d is behind the world\u2019s stagnant productivity levels - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/an-abundance-of-pointless-jobs-is-behind-the-worlds-stagnant-productivity-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An abundance of \u201cpointless jobs\u201d is behind the world\u2019s stagnant productivity levels\" \/>\n<meta property=\"og:description\" content=\"An abundance of \u201cpointless jobs\u201d is behind the world\u2019s stagnant productivity levels: The service sector seems to have created an abundance of \u201cpointless jobs which could be eliminated with absolutely no loss to society,\u201d Mark Buchanan writes for Bloomberg. 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