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Companies are doing mass layoff while complaining about not being able to find enough employees, some workers are min-maxing the system by working multiple full-time jobs at the same time, while others need to work hours of unpaid overtime at just one job… This is not to mention that the gig economy is consuming entire sectors of the workforce… The 9-5 was created by American labour unions in the 1800’s and became mainstream over one HUNDRED [100] years ago, when jobs looked like this, and this… it was revolutionary for its time… but how many of the modern problems in corporate America are caused by trying to make an outdated system fit with every single modern job…
A report by the management consulting firm McKinsey and company found that two thirds [2/3] of the average humans wealth is in the work they can do over their lifetime. Everybody has time, effort and experience that they can trade for money and those tradable commodities are worth twice as much as all of the other assets that the average person possesses. A regular nine to five [9-5] job has been a great way for billions of people to safely exchange a predictable amount of their time for a predictable pay check, with predictable career advancement as they gain more experience.
But this one size fits all model for work doesn’t fit with every job and trying to make it work has been bad for employees AND bad for companies for three reasons, which is causing three equally terrible trends in the job market. The first trend is that it makes time a worthless asset. The Ford Motor Company was one of the first businesses in America to adopt the nine to five forty-hour work week. Henry Ford did this to make his company THE most attractive place for auto workers to get a job. This allowed him to pull talent away from other automakers without paying his workers more. In order to compete with Ford other automakers were forced to offer the same forty-hour work week with paid overtime. Eventually in order to compete with the automakers other companies were also forced to offer 9-5 jobs so that their best workers didn’t quit to go and work on a car assembly line. These auto workers had tightly defined and repetitive tasks, so unless the workers succumbed to exhaustion, they could do a consistent amount of work for every hour they spent at their post, and every additional hour would produce the same amount of output.
If you work in a modern office job you will know that your work is nothing like this. Sometimes there is a lot to do, and sometimes there is nothing to do, but you still need to be there eight hours a day looking busy no matter what. Back when the 40-hour week was being fought for by workers unions, most Americans worked in manufacturing, but today most people work in the service sector which is more diverse than you might expect.
Clearly these jobs are very different, and should have a different schedule but most of the corporate world has tried to make the 9-5 fit all jobs… Work comes and goes as internal and external customers make demands, and that means when people are busy and need more than eight hours in the day to finish their work they are expected to work “reasonable unpaid overtime” …
According to an ADP Research Institute Study of office professionals unpaid overtime jumped to an average of NINE point two HOURS per WEEK in 2021, more than a full extra day to keep up with employer demands.
BUT when there is little to no work to do because a project has just been completed or sales are seasonally slow, workers are still expected to put in their 40 hours a week, because “that’s what the business is paying them for”.
If you are in this kind of job your best option is to try and find something that makes you look busy, but “if you don’t have something to work on” you are probably going to be given meaningless tasks just to fill the mandatory eight-hour day…
So it’s time to learn How Money Works to find out why we might be in the midst of the overdue collapse of the 9-5.
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Try working 5 to 5 for over 10 years straight and most of those years included Saturdays and Sundays too
A big reason is that inflation has skyrocketed but the vast majority of people’s wages haven’t gone up. Needing more money on the same hourly rate adds to one thing, more hours. Most jobs don’t want to pay overtime so you’re capped, so from there you get a second job
The 9 to 5 job is going no where, the difference is the increase in zero hour contracts where workers have little to no rights or protection from employers who see their workforce as a issue to work against, rather than human beings or a positive force.
OTR trucker. Not paid hourly, paid by the mile. Literally "at work" 4 straight weeks at a time. 14 hour days. Co-driver takes over after my day finishes and switches places with me, drives his 11 – 14 hrs. Truck never stops moving. Paid nowhere near enough to compensate for massive time commitment. I have a +$100,000 college degree, unused. This is my life.
I thought the gig economy was ending? Are we milking old headlines?
In Europe having 2 full time jobs is kinda illegal, you can t overlap schedules of work contracts (illegal) and you need at least 10 hours of rest out of 24 (in case you have a part time)
You don't have any kind of clear point here.
This video described my work situation to the T. At the end of 2023 my fulltime position as a copywriter was moved to a contractor role. For months I've been turning their reasoning over and over in my head, but it wasn't until this video that I began to understand the potential reasoning.
Kinda related but that’s what makes the finance industry so interesting. 9-5s aren’t decreasing, they are just more discreet and a product of grooming. That may be a hyperbole. But after 3 years of gig work, I started working for a Financial Firm that I did regular contract work for. A manager/VP approached me and said that a new branch and location was opening. If I was willing to move, they’d love for me to be on the team. With gig work, I averaged about 60k, no benefits. The permanent position offered was 6 figures, insurance, and relocation assistance. This position was never posted publicly.
And after formally being hired, I learned that 80% of the 9-5 jobs at this firm were NOT posted but hired internally. In fact, the only job listings that were available to the public were the entry level jobs. 40k at the most. The job they offered me (e-learning & LMS) was never posted and other jobs of the same caliber aren’t either. The only way to get access to 80% of jobs is to spend your early 20s networking. So most people who work here spend their entire lives/careers here just moving up the corporate ladder of jobs that most people don’t even know exist. When new jobs open, especially the good ones, corporate doesn’t look through resumes and applications…they walk up to someone they’ve already profiled. And its not even about skill but the personal profile.
When this branch opened, they wanted the best unmarried 20 something’s. They wanted people willing to move but very likely to stay once the foundation was built. When I accepted this job, it was understood but unspoken that this firm is my career now. They expect me to stay here and climb the ladder. I was even advised to decrease my Linkedin Activity and so was everyone else. The finance industry doesn’t want to hire externally and they don’t want their employees even thinking about other jobs. EVER. And a good number of the jobs are just made up as they go along. So on the surface, it looks like there’s a job shortage. No one is hiring. But in reality, they are hiring. But they’ve learned that it’s better to pull from a pool of people they’ve groomed than to actually do any formal hiring process. Seriously, I don’t even think my resume was ever looked at. I just fit the profile of what they wanted.
You mean 9 to 6.
Didnt feel like the video had a conclusion. Just stated why the 8-5 is collapseing. 9-5 has not existed for decades. Dont know why that term is still even used. So workers are going to get fucked over for further company profits and the fix is to make money on the stock market?
I could do as much work in 4 hours as I do in 8 or 9.
I just hate how the doctor is open the same hours you’re at work. I can’t be both places so I have to lose money to address my health or suffer at work. You work work work and when you’re off there’s no time to get things done. Self care costs more than getting a second job and focusing on money.
"Makes time a worthless assest"
I for one have experienced this, worked as a janitor at multiple places while going to school for around 4 years now. It is very typical for my job description to say said location is an 8 hour shift, yet I'm completely finished even doing more than expected of me in 4hrs. I must then sit around at location for another 4 hours in order to be "clocked in" and make a paycheck. Those 4 hours could be spent doing schoolwork, but instead I have to pretend to be busy for the timeclock.
Additionally, bringing the issue up only results in one of two outcomes, 1. you get more work added for the same pay, or 2. You get fired.
Working fast and efficient DOES NOT get rewarded, employer's would prefer I waste time giving the illusion of working harder.
How is everyone going to work remote or be a streamer? You think laborers are going to watch your fake ass crap?
I work at tacobell and we had our yearly employee review. I had nothing to improve on because i complete every tast past what it need to be done. I was waiting for a raise. Minimum wage has been raised to 14.50 and they never gave me a raise tjey just said since minimum is going up it counts
Yeah so this overdue collapse of the 9 to 5 was supposed to come with a shorter work week for more money, not just losing your job.
I can't believe you ever spoke words at me. You chased me around in this life telling me to give you everything. When you get to Hell I will be chasing you around telling you to give me that skin.
I worked 6-7 days a week all throughout my 20s and it cost me relationships and time with my family and really didn't get me anywhere so I spent my early 30s setting myself up to live cheaper now at 38 I work 4 on 4 off and there is no way I could ever go back to that grind , this is the best my life has ever been
I work in the fraud industry and we accept contracts for other companies to run their fraud teams. We’ve moved over half of our positions overseas in the last two years and are now laying off over 50 employees by the half way point of this year. All while they’re expanding overseas. At 25, it’s been such an eye opening experience to be with this company for 4+ years and slowly see this downfall.
four entire minutes of preamble into an in-video ad.
i’m good. will not watch the rest.
What a roundabout way to say that printing money makes bills useless and produces inflation
I work 9 to 5. Your shop is open till 5. How I shop?
Dont really understand all this. You realize before the 9 to 5 people worked like 12 to 16 hour days doing backbreaking shit right? And before that it was straight up work as much as you can because your survival depended on it otherwise you die. Bunch of lazy people lol
I agree with almost everything this guy is saying. He forgot one thing…..the global market. The US is also competing with other countries. If you are a small business, you are competing with your local competitors and also global competitors as well.
What kind of bootlickers work unpaid overtime? I'm getting paid for all my time on the clock or I'm out the door.
Henry Ford began the 9-5 so that he could split the day into thirds and run factories 24/7. The 9-5 is in the middle of people's waking hours, that's the only reason other occupations used it. It was a brute force tactic that required little thought. That's how corporations implement strategy.
Health insurance is a scam anyways.
Congratulations on making 1 million submarines!!! You have now reached gold play button status. It was about time for a smart, informative channel like How Money Works to reach that tier of channels.
Mass lay offs prove that capitalism doesn't work for workers.
All profits are just unpaid wages.
You have caused me depression, thanks.
We are already facing a choice as a society dire consequences for staying commited to this falacy of work in exchange for money. To think that people need to work 8 hours a day (usually more) and the labor will earn money to provide their most basic needs. Thats 90,000 hours average of our lives spent working for other people, or corporations, when no organizations provide basic need requirements for their employees, and or understand the demand of time away from our loved ones.
Not the case in healthcare. Nurses make insane wages for travel contracts, think 40 dollars an hour more than if they were working full time for a hospital.
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I work 16 hours a day, 6 days a week at one job salary. Fix the restaurants 1st please 🍴
I work 6-6 swing shift 12 hour shifts days and nights. The schedule is crazy but at least it feeds my family
Everyone seems to be either stupid, lost to neuroses, or just liars. I went back to college, learned to program, took an office job, and realized I was not suitable for office work, having worked in construction for decades. It was like returning to high school. The mentality of "educated" people is regrettable. I reckon folks like me stay in the trades, regardless of high IQ or competency because it's just too hideous and tolling to deal with foppish bitch-men. I saw people making 100k and better by filling in spreadsheets they didn't design, and passing them to the manager like good boys and girls. In the trades, you meet people who could build anything to code, who know multiple trades and possess real competency. The first really is the last in this life.
Unpaid overtime is illegal. Please don’t.
I quit and will never get back to that rat race!
Im 33, already burned out and ive decided not to have kids because of the work culture in the US and around the world. If you talk about it your shamed. Im kind of dead on the inside.
4 days a week, ten hours. That's the way. Everyone I talk to at work would live it. Three days off is a major morale boost. It's a huge difference. And they'd get paid the same.
Germany here, i noticed this in my second full time job…16 years ago…
Nice corpo shill
All that money being freely given to illegal migrants who don't benefit society in any way could have paid the working class. All the democrats want is illegal migrant votes.
Yall ain't working 7-6?