“Don’t waste time on it. I don’t care how many people sign that fucking petition.”
Jamie Dimon, CEO, JPMorgan Chase
I saw this in an article and it made me laugh. Not because I am a fan of Jamie Dimon, or the big fucking banks and financial institutions that are fucking us all over. But I am also not a fan of entitlement and stupidity. And when workers are signing petitions because the company they work for is telling them to get back into the office and stop working from home, that is a clear indicator of both entitlement and stupidity.
The entitlement is in the belief that a worker who is contracted to fill a role as an employee in a company, has the choice to work from wherever they like, as if it is some law of nature like gravity, or decreed by one of the many gods. The stupidity comes from signing a petition to appeal to a corporation, as if it would make one iota of difference. People forget, an employee is not entitled to do the job they hold any way they want to, they are to do it the way the employer wants. If the employee doesn't like the rules and conditions, they are free to leave.
And they should.
But it is good to acknowledge that while it might seem like a threat, everyone is expendable to the company. You might think yourself super important and not replaceable, but in all likelihood, barely anyone will notice that you are gone, before you are replaced with someone who has opted into working under the very conditions that you were unwilling to work for, perhaps for less pay, perhaps for more. Regardless, you would be replaced.
I don't condone this kind of policy in companies, but the thing is, whether I like it or not, this is the way companies work, and employees have to accept that there is a trade-off to get paid for work, without having to face the risk of loss. Most employees Aren't invested in the companies they work for, so what can be lost is future money, not money already invested. This means being able to take value (salary) from the company, without direct financial exposure to the company performing poorly or failing.
And I say that people should leave if they aren't happy with the conditions, because otherwise all the stress trying to change the unwilling would be for nought. Complaining, signing petitions, screaming at strangers on social media, and then still having to bend the knee and accept the changes anyway. Staying is a sign that while entitled and stupid, you also need the company to look after you.
Don't worry. You aren't alone.
Most of us are employees and most of us have obligations to meet that require income. So, most of us aren't able to just "quit" unless we have something else lined up. Quitting isn't a punishment for the company, if we are the ones who are going to suffer financially and have harder lives. However, if employers treat their people poorly or do not reward them enough, they will struggle to find the right skills and the right people for the roles and over time, the company will face some consequences, and be forced to adjust their position which is very expensive, or fail.
The only way to really punish corporations though, is to defund them by not using them at all. However, that isn't actually what people want to do, because it is inconvenient. As a result, JP Morgan Chase are making record profits and in the time Dimon has been CEO over the last 19 years, the stock price has gone from around $35 to $276 today. Less than 0.3% of the global employees have signed the petition, so I am guessing that there might be headcount reductions of around 1000 people soon.
It is silly that corporations like this don't have to care for their people really, but it is also the way the economy works, because we put profit over wellbeing as the mechanism of incentive. People will keep "putting up" with shitty conditions, because they have to, because they are living in a debt cycle, and need to cover their obligations. Right or wrong, the obligation to service their debt will override most people's desire to work from home. And the corporations know it. So while there will be complaining, grumbling, threats and petitions, in the end, with a little bit of staff turnover, the majority will comply.
This is the sad reality.
Corporations don't care what their people think, because the economy doesn't care about people, and they align themselves to the economy, not society. They aren't looking to make the world a better place, they are looking to make profits. That is it, end of story. the only times companies do the "right thing" is if it is in their best profit-making interest to do so - otherwise, they won't. When it comes to working from home, I suspect that as far as productivity is concerned, the majority people should be back in the office. And if it makes more money to have people in the office, that is what they will do. If at some point it would make them more money to have people work from home again, than that is what they'll do.
Remember, the company isn't there for you.
You are there to fill a skills gap they need filled in order to make money. If you are unable or unwilling to fill that gap, they will remove the dead weight and jam someone in that can.
Isn't the profit economy beautiful?
If you don't like it, you can always start petition to change it.
Taraz
[ Gen1: Hive ]
Posted Using INLEO
You know though, that seems to be more common that it used to be these days. The entitlement is beyond belief. The sad thing is where I work, they can't find fill people to fill the jobs, so they let people get away with foolishness like this because they need them in the job. I almost wonder what exactly you have to do to get fired from this place sometimes!
I think it happens in lots of industries now. The level of unprofessionalism is immense!
Much of my adult life I worked in in a relatively small industry - demolition, and abatement of hazardous materials (asbestos, lead, etc.) in a small state Hawaii. I had an excellent relationship with all of the State and county officials responsible for regulating our industry, and knew almost all of the people at various contractors would subcontract our company. I primarily worked with family owned companies. I got constantly recruited by larger corporate entities but always said no.
I made less than I would have at larger companies, but had almost complete control of my time. I enjoyed that type of environment after having spent eight years in the Army. There are always tradeoffs working for family owned companies. At the last company I worked at I got along incredibly well with the owner, but clashed with his daughter. I told him once I charge you this much to work for you, if part of my duties are listening to your daughter be abrasive are part of that we are going to need add $10,000+ to my salary, I won't do it without charging you. He talked to his daughter.
Working at an institution where I would have no leverage, no matter the prestige or the compensation sounds absolutely horrific. I'm retired now and somewhat gladly, though I've seem to fill that retirement with as much or more activity than I had when I was employed.
Did you blow things up? :D
Family companies definitely have the pros and cons. One of the cons is that some owners will take business activities "personally" when they are not. This can cause a lot of issues for employees, that don't happen in larger companies.
I wonder if the compensation is missing at JP Morgan though?
More tearing things down, the blowing things up was when I was a solider.
I've experienced this directly :)
After the Army, my first job was an an environmental consultant working for my mother in law in Hawaii. During my enlistment in the Army the base I was stationed at was in Upstate New York, and bitterly cold, moving to Hawaii after that sounded amazing!
About 5 years after moving to Hawaii my wife decided she wanted a divorce. Perhaps a month after that, and while I was on a different island in Hawaii at a job site, I came back to the hotel I was staying at for the project, and had a fax waiting for me stating my employment would be terminated in two weeks. I decided I did NOT want to spend the next weeks working long hours for a project that wouldn't benefit me.
I let the client now I wouldn't be there the next day and flew back to Oahu where I lived the next day, and let my soon to be ex-mother in law know we could turn terminate my employee effective immediately. Fun times.
That's the problem of the world now, this generation is full self entitled human beings. Corporation and companies is made to make profit not taking care of anyone else welfare, even though they have programs to worker like family day, team building, christmas party and etc. Petition is just a waste of time and might jeopardizing there job, soon as you mentioned in your article there will be layoffs.
Companies should take better care of employees, but they don't have to so they won't. People are a cost - that is why they move to AI :)
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Companies don't really care about how people are doing. They want more profit, more money, more growth. When governments help them, they get what they want. However, the real purpose of the government is to be on the side of its people. But it also wants more money, more profit.
Governments don't actually care about the people, they care about power and lining their pockets, and that of their friends.
they are to do it the way the employer wants. If the employee doesn't like the rules and conditions, they are free to leave.
I think this has been somehow changed in recent year due to the pandemic and the mindset of GEN Z. Working remotely has been a reality and an employee can demand it. To me, if a task can be done in time, it can be done anywhere, if possible.
But when it isn't being done well? :D
This would show that the employee is not suitable for working remotely. I have seen that working remotely has been embraced by employees around the world. Some people are not willing to do so as either they prefer working at office or the enviroenment at their home is not okay.
Well this situation is both embarrassing and depressing.
It's embarrassing to think that people would actually be so stupid as to put their name on this petition and they will be hurt.
It is depressing to think that they and their familirs are going to be hurt, and it's depressing because I feel like there's nothing I or others can do about it.
The battle has been lost, we are all heading for or are already in our lifeboats; we are exiting this shitty system and taking our money and skills elsewhere where they are appreciated and rewarded.
The system is a mess, but not much will be done about it until it collapses so utterly completely, that there is nothing left to rebuild.
The hard truths. Sometimes I feel it's better to be a shareholder than to be a employee. 😂
Owner over renter. :)
right, WTH.. what do some ppl think?? 😁👊
They think they deserve something that they aren't going to get.
Nice
Fantastic comment. Love the effort you put into adding value.