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Is anyone able to contextualize this better? What crisis are they responding to? TFA mentions "sluggish business" and a looming demographic crisis, while labor

Is anyone able to contextualize this better? What crisis are they responding to? TFA mentions "sluggish business" and a looming demographic crisis, while labor groups call BS on the messaging. Is there anything really going on or is this just a "feels" thing on behalf of leadership?

nekitamo 2y ago
The world has entered a mild recession, and many company leaders are panicking because they don’t know what to do. Their gut reaction is to “look busy” and overwork. Locally in Silicon Valley, many companies I interact with seem to be doing the same thing.
- 77pt77 2y ago
  > Their gut reaction is to “look busy” As americans says: "motion creates emotion!"
- AnotherGoodName 2y ago
  I feel like this is a response to chinas rise. The west has a lot of inefficiencies that were never really tested before. Think ceos paying themselves huge amounts for short term thinking (Boeing), a lot of people living off generational wealth and not needing to contribute meaningfully, many examples of rent seeking, governments subsidising big businesses in response to political donations, etc. Not that china doesn't have problems but it’s clear there’s now a competitor. The temptation here is to work the few who actually contribute even harder. Bump the working days, push retirement age up until it’s non-existent but whatever you do don’t touch the elite.
  - JumpCrisscross 2y ago
    > this is a response to chinas rise Opposite. It’s being caused by China’s slowdown. China is Korea’s largest trading partner [1]. [1] https://wits.worldbank.org/countrysnapshot/en/KOR https://wits.worldbank.org/countrysnapshot/en/KOR
  - deleted 2y ago
    [deleted]
boodleboodle 2y ago
Usually, these headlines seem outrageous because they are taken out of context, but in this case there appears to be no additional context that can help make sense of this debacle. According to Korean media, chaebol subsidiaries (Samsung/SK/Lotte/etc) are demanding "crunch mode" from their executives. Nobody knows why they are doing this, and what they are trying to achieve with only executives present. News articles say the executives are holding meetings or studying current events. Profits are projected to tank heavily so I think they are showing up just for the sake of it. I thought Korea was way past this BS. Apparently not.

nekitamo 2y ago

The world has entered a mild recession, and many company leaders are panicking because they don’t know what to do. Their gut reaction is to “look busy” and overwork. Locally in Silicon Valley, many companies I interact with seem to be doing the same thing.

77pt77 2y ago
> Their gut reaction is to “look busy” As americans says: "motion creates emotion!"
AnotherGoodName 2y ago
I feel like this is a response to chinas rise. The west has a lot of inefficiencies that were never really tested before. Think ceos paying themselves huge amounts for short term thinking (Boeing), a lot of people living off generational wealth and not needing to contribute meaningfully, many examples of rent seeking, governments subsidising big businesses in response to political donations, etc. Not that china doesn't have problems but it’s clear there’s now a competitor. The temptation here is to work the few who actually contribute even harder. Bump the working days, push retirement age up until it’s non-existent but whatever you do don’t touch the elite.
- JumpCrisscross 2y ago
  > this is a response to chinas rise Opposite. It’s being caused by China’s slowdown. China is Korea’s largest trading partner [1]. [1] https://wits.worldbank.org/countrysnapshot/en/KOR https://wits.worldbank.org/countrysnapshot/en/KOR
- deleted 2y ago
  [deleted]

boodleboodle 2y ago

Usually, these headlines seem outrageous because they are taken out of context, but in this case there appears to be no additional context that can help make sense of this debacle. According to Korean media, chaebol subsidiaries (Samsung/SK/Lotte/etc) are demanding "crunch mode" from their executives. Nobody knows why they are doing this, and what they are trying to achieve with only executives present. News articles say the executives are holding meetings or studying current events. Profits are projected to tank heavily so I think they are showing up just for the sake of it. I thought Korea was way past this BS. Apparently not.