re: Startup Culture And Innovation, Defended
I amused by the Lean Startup movement in big corporations because I'm wondering just how much leaner these execs think they can get after the last 5 years of belt tightening. The Fortune 500 are collectively so lean already that they've learned to live without millions of jobs that will never be coming back even as the economy continues to improve. I'm all for efficiency and improving shareholder value, but it seems like companies have moved well past just wringing needless waste out of their systems to opportunistically taking advantage of a favorable (to the employer) labor market by squeezing more and more work out of each employee for the same pay. To wit, compare macroeconomic gains in productivity over the past decade with real (inflation adjusted) wages. For decades the two tracked: higher productivity = higher wages, but not lately.