How McKinsey Destroyed the Middle Class
Because complex goods and services require much planning and coordination, management (even though it is only indirectly productive) adds a great deal of value. And managers as a class capture much of this value as pay. This makes the question of who gets to be a manager extremely consequential.
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Middle managers, able to plan and coordinate production independently of elite-executive control, shared not just the … [ Read more ]
Author: Daniel Markovits | Source: The Atlantic (February2020) | Subjects: Economics | Economy, Excerpts, Life & Society, Politics & Public Policy