anyone who knew why businesses operated the way they did were replaced with Business School Graduates in 1990-2005 especially, who learned that businesses were inefficient because [overwhelmingly the professors were not in business, just consulting, and so vastly misunderstood the reasons for this 'waste']
every single step of the managerial ladder rn just has no idea how businesses run, unless they manage to learn on their own.
if it keeps up, no one will know what they're doing.
Millenials already largely don't, and are only learning in adulthood, as far as I can tell. ESPECIALLY the ones who went to university.
The schools all shifted to pegging success after graduation as 'university' and not 'able to live a life without being misled'. Because that's what those they learned from, and the metrics, said. Universities, squeezed from the top, specialized too. Well-rounded curricula costs money to keep professors paid, and students were only here for credentials anyway, right? That's what the conferences all said.
businesses expected university graduates to know more than their workers who were there 20 years but didn't go to university. why? University sold them on it, and higher ups believed it.
every single side is being squeezed by people who don't know what the fuck they're talking about, but think they do. There's a power in that, though I'm not sure how to use it yet. but it's pretty fucked. It does, however, mean that there's opportunity to anyone who manages to get up the ladder covertly while like, caring how the hell anything runs. We see this with the new FTC chair destroying non-competes, and if you look at her birthday, she's born 1988, a millenial. I just don't know how many else survived that long.
tangentially related reading, I guess, on how MBAs lead to wage suppression: https://pluralistic.net/2022/06/06/fortress-mentality/#mbas
Some specifics from the paper's conclusions:
Five years after the appointment of a business manager [ed: that is, a manager who's gone to business school], wages decline by 6% and the labor share by 5 percentage points in the US, and 3% and 3 percentage points in Denmark (relative to firms operated by non-business managers);
Business managers are not more productive: firms appointing business managers are not on differential trends and do not enjoy higher sales, productivity, investment, or employment growth following their accession;
Non-business managers share greater sales and profits with their workers (in fact with fairly high elasticities), business managers do not;
Our estimates correspond to causal effects of practices and values acquired in business education—rather than the selection of individuals averse to rent-sharing into business education.
resharing just to put this @mononcqc Cohost post into context with it:
nice writeup of an academic paper discussing how--ah, what do they call it? "management pressure towards efficiency", yes--means that people keep making processes ever more dangerous until something goes badly wrong. basically just "OP, but in academic journal form"
