This is a recording of an article from November 7th, 2021. The topic of the Great Resignation might sound a bit dated to some, but the social phenomenon it describes — the “wage-price spiral” — is always with us and is one of the most significant social phenomena to grasp.
The article explains how the main tool of economic justice — fighting for higher wages — isn’t actually effective. If our goal is to truly ensure everyone has what they need — not just enough to survive, but to live well and with dignity — then we need to start thinking in terms of the whole economy, the whole of society. The article ends by offering some models that are working in the right direction.
You can find the written version of the article here.
Listen (11 min): A crucial lesson of the Great Resignation