Disturbing Plan to "TURN OFF" Your Money.. ➥

Biden To Order US Dollar Replaced with Trackable “Spyware” Version? Former Advisor to Pentagon and CIA: "Your life savings and freedoms are at immediate risk. Do THIS today..." [WSW Logo]( Below is an important message from one of our highly valued sponsors. Please read it carefully as they have some special information to share with you. [devider] ‘The anti-behaviours’ Ultimately, a company’s communication will be shaped by the laxity of a social media platform – and, generally speaking, that’s a bad omen for companies looking to maintain a semblance of order. Shishir Mehrotra, CEO of the cloud-based document editor Coda says: “If you want your company to feel like everyone is on Snapchat, Twitter and Facebook all day long, you can create that environment. I think that’s pretty bad.” The emphasis on DMs will likely grow with time, but the hiccups will remain and perhaps grow more apparent as calls for greater work-life balance gain traction. “Understanding when it is [time] to ignore the buzz from a phone or laptop isn’t easy for many,” says D’Souza. “Organisations and individuals both need to reflect on what that does for the balance of work and life, and be clear on reasonable expectations.” Going forward, younger companies looking to exude a technologically savvy and more laidback ethos will champion quicker communication tools, especially if they’re looking to appeal to Gen Z workers, who are primed to dominate the workforce by 2030. Various experts have argued that companies will have to lure younger workers onto payroll by offering their preferred communications tools, which means using social media. And to be sure, in a remote-working world, DMs are the medium that allows colleagues to get to know each other, so companies might emphasise them as a way to build culture and camaraderie. For her part, Farrell says DMs are “a huge part of how I have gotten to know my colleagues”. Overwork culture is thriving; we think of long hours and constant exhaustion as a marker of success. Given what we know about burnout, why do we do give in? A As we head into 2022, Worklife is running our best, most insightful and most essential stories from 2021. When you’re done with this article, check out our full list of the year’s top stories. In 1987 Gordon Gekko, the unscrupulous cigar-smoking powerhouse in the film Wall Street, told the world: greed is good. The movie – ultimately a cautionary tale – depicted work and wealth-obsessed executives putting in long hours in sleek skyscrapers to seal deals and boost their pay packets, at the expense of whoever got in their way. If you live and breathe work (and toss in some moral flexibility), the message was, the rewards will be exciting – and immense. Although many of us associate overly ambitious workaholism with the 1980s and the finance industry, the tendency to devote ourselves to work and glamourise long-hours culture remains as pervasive as ever. In fact, it is expanding into more sectors and professions, in slightly different packaging. New studies show that workers around the world are putting in an average of 9.2 hours of unpaid overtime per week – up from 7.3 hours just a year ago. Co-working spaces are filled with posters urging us to "rise and grind" or "hustle harder". Billionaire tech entrepreneurs advocate sacrificing sleep so that people can "change the world". And since the pandemic hit, our work weeks have gotten longer; we send emails and Slack messages at midnight as boundaries between our personal and professional lives dissolve. In spirit, we're not so far from the Gekko years as we think. Yet, one thing is different: we understand far more about the consequences of overwork, and the toll burnout can take on our mental and physical health. Given how entrenched our admiration for high-stress work culture is, however, halting our overwork obsession will require cultural change. Could the post-pandemic world be our chance to try? Where it happens and why Overwork isn't a phenomenon exclusive to Silicon Valley or Wall Street. People work long hours all over the world, for many different reasons. In Japan, a culture of overwork can be traced back to the 1950s, when the government pushed hard for the country to be rebuilt quickly after World War Two. In Arab League countries, burnout is high among medical professionals, possibly because its 22 members are developing nations with overburdened healthcare systems, studies suggest. Reasons for overwork also depend on industry. Some of the earliest researchers on burnout in the 1970s asserted that many people in jobs geared toward helping others, like employees in clinics or crisis-intervention centres, tended to work long hours that led to emotional and physical exhaustion – a trend that's shown up in the pandemic, too. But millions of us overwork because somehow we think it’s exciting – a status symbol that puts us on the path to success, whether we define that by wealth or an Instagram post that makes it seem like we're living a dream life with a dream job. Romanticisation of work seems to be an especially common practise among "knowledge workers" in the middle and upper classes. In 2014, the New Yorker called this devotion to overwork "a cult". "We glorify the lifestyle, and the lifestyle is: you breathe something, you sleep with something, you wake up and work on it all day long, then you go to sleep," says Anat Lechner, clinical associate professor of management at New York University. "Again and again and again." As a leader in Silicon Valley who helped devise the Microsoft Office email client, Mehrotra is an advocate for hopeful solutions that ostensibly make workplace communication better. Still, he thinks companies ultimately transition to social media channels to mask underlying issues. He says “regularly switching to ad hoc, personal communication channels mostly happens out of frustration with a core communication system that isn’t working”. Companies ultimately switch to this format to fill a cultural void, says Mehrotra. Using social media, in his view, is “a lagging indicator of broken underlying culture”. Companies reckoning with the problems of social media-based communications will have to do some soul-searching, believes Mehrotra, but it is possible to reverse back to the old guard. “I think communication flows downhill,” he says. “So, if you’re finding your company over-reliant on pinging people in personal text messages, hunting them down on Facebook and WhatsApp, then work your way back to why the internal systems didn’t work.” For his part, Mehrotra says he has a “love-hate relationship with this whole transition away from email”. Mehrotra says communicating on social-media platforms for work incentivises all the worst kinds of communication habits. “All the behaviours that those tools are designed to encourage,” he says, “are actually the anti-behaviours of what you want.” Dear Reader, I did not consent. You did not consent. But on March 9th, 2022, Joe Biden did something that will solidify his legacy as the greatest ‘Peeping Tom’ in history. A despicable act that could give him direct access to you... Your neighbors... And your children. Whether you are a Democrat or Republican — if you aren’t sick after seeing the details of [this disturbing order](... Then you might as well never stand for the national anthem again. That’s why I am urging you to get the details of this order and take action before it’s too late. [Click here for the shocking details.]( Regards, Jim Rickards, Editor, Paradigm Press Its origins So, where did our tendency to glamourise overwork come from? Why, in rich, Western countries, like the UK and the US, is there a sense that working yourself ragged is something to brag about? The roots of this phenomenon can be traced back to the 'Protestant work ethic' in the 16th Century – a worldview held by white Protestants in Europe that made hard work and the quest for profit seem virtuous. Sally Maitlis, professor of organisational behaviour and leadership at the University of Oxford, says that "later, the drive for efficiency that arose out of the Industrial Revolution", as well as the way we prize productivity, have "further embedded the value of consistent hard work, often at the cost of personal wellbeing". Fast forward to the yuppie age of Thatcher and Reagan, when spending long hours at the office to support the upwardly mobile lifestyle and the rampant consumerism of the decade became more commonplace. Afterward, in the late 1990s and into the early 2000s, workaholics started to be identified not by blazers but rather hoodies, as tech start-ups grew into giants like Google and Facebook, and power shifted to Silicon Valley. Society started to glorify the entrepreneurs who said they wanted to change the world, and told us how they structured their (very long) days for maximum greatness. Maitlis highlights a motivational shift between the Gordon Gekkos and the Mark Zuckerbergs of the world; the latter felt they were fueled by “passion for the product or service, or for a higher purpose". (The joke was on us, though, because much of that new technology ended up enabling the kind of overwork and burnout we're dealing with today.) These days, many people work long hours to pay off debt, to simply keep their jobs or to make that crucial next step up the ladder (and in many cases, companies expect employees to work long hours and be constantly available). But for those who embrace the overwork culture, there’s also a performative element, whether that manifests as a new car to show off, a ‘dream career’ doing something meaningful or even exhaustion that can be displayed like a bizarre kind of trophy. We dehumanised the workplace a long time ago – Anat Lechner Centuries ago, "guys had duels and they'd have a dueling scar, which is almost a kind of badge of honour. You fought and you survived", says Christina Maslach, professor emerita of psychology at the University of California, Berkeley. "That's where you brag about, 'Yeah, I don't sleep'. It's that kind of thing." Fast track to burnout In parallel with this work-worship, however, came an unpleasant consequence – burnout. "Burnout has cycles – like it gets rediscovered, then it dies down, and gets rediscovered again," says Maslach, who has studied burnout since the 1970s. At that time, occupational burnout was being studied in volunteers at drug-rehab clinics and other workers in the human services industry, many of whom were on call throughout the night, and reported headaches, depression and irritability on the job. A decade later, when the economy was going great guns in places like the US and UK, capitalism-fixation skyrocketed and people worked long and hard. But while the overwork was revered, the burnout that followed hasn't been. The World Health Organization defines burnout as a syndrome “resulting from chronic workplace stress that has not been successfully managed”, characterised by feelings of exhaustion, negative feelings about a job and reduced professional efficacy. In other words, it leaves you feeling dehumanised, physically and emotionally exhausted, and questioning why you took the job in the first place. The body formally recognised burnout as an 'occupational phenomenon' in 2019. "Today, it's all hell broke loose," says Lechner. A few decades ago, "the pervasiveness of this was nothing like what you see today”. While a lot of burnout "culture came from Wall Street", she says, it's even worse now, because we put tech entrepreneurs who barely sleep on a pedestal. (Tesla and SpaceX CEO Elon Musk tweeted in 2018 that when it came to his companies, "there are way easier places to work, but nobody ever changed the world on 40 hours a week".) "The old distinction of day and night or, 'Let's work until five o'clock and then go have drinks and go to sleep at 10’ is for the 20th Century. The 21st Century is very different," says Lechner. "We live in a culture that is 24/7. Social media is 24/7, communication is 24/7, Amazon Prime is 24/7, everything is 24/7. We don't have those fixed boundaries." Glamourising overwork has existed for decades, whether it's been about glorifying prestigious jobs in fancy offices or hustling and grinding to pursue a passion (Credit: Alamy) Glamourising overwork has existed for decades, whether it's been about glorifying prestigious jobs in fancy offices or hustling and grinding to pursue a passion (Credit: Alamy) The future Yet even though we’re working harder than ever, and young workers are faced with a potentially toxic combination of greater financial pressures (student debt, combined with lower salaries and higher house prices), pressure to find ‘their passion’ and pressure to find a stable job in an increasingly insecure job market, there may be some small signs of change. In March, a mock employee survey by 13 first-year analysts at Goldman Sachs found its way into the public eye. Respondents said they averaged 95-hour workweeks and slept five hours a night. "This is beyond the level of 'hard-working', this is inhumane/abuse," said one respondent to the survey, which the BBC has seen. Elsewhere, on TikTok, Gen Z users have been open about mental health struggles, and built communities discussing depression, panic attacks and burnout openly. And as grueling as the pandemic has been, it's also forced us to see work-life balance in a whole new way. Last month, LinkedIn conducted a survey of more than 5,000 users over two weeks: 50% and 45% of respondents say that hours or location flexibility and work-life balance respectively have become more important to them since the pandemic. Workplaces can be very unhealthy environments – if there was any time to change the way we work, now is the time to do it – Christina Maslach "The pandemic has been powerful not only in making salient many of the things that matter most – health, family, relationships – and in disrupting some of the routines and systems that were keeping people on the treadmill," says Maitlis. In response, some companies have begun talking about offering more robust mental-health programmes for workers, including perks like complimentary therapy sessions or free access to wellness apps.Yet, experts think it is highly unlikely that we’re entering a new era that prioritises wellbeing over overwork. For example, while technology has made it possible for us to work from home indefinitely, it also ties us to work all day long. If there's a group call where workers dial in from London, Tokyo, New York and Dubai, some people will have to wake up at 0200 to dial in. If they don't, the company will find someone who will – because as long as we glamourise money, status and achievement, there will always be people who work hard to get them. [WSW footer logo]( You are receiving this e-mail because you have expressed an interest in the Financial Education niche on one of our landing pages or sign-up forms on our website. If you {EMAIL} received this e-mail in error and would like to report spam, simply send an email to abuse@wallstreetwizardry.com. You’ll receive a response within 24 hours. Email sent by Finance and Investing Traffic, LLC, owner and operator of Wall Street Wizardry. This ad is sent on behalf of Paradigm Press, LLC, at 808 St. Paul Street, Baltimore MD 21202. If you're not interested in this opportunity from Paradigm Press, LLC, please [click here]( remove your email from these offers. This offer is brought to you by Wall Street Wizardry. 221 W 9th St # Wilmington, DE 19801. 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