Quotessence
Home / Quotes / Quote by Robert B. Reich

Quote by Robert B. Reich

“Americans have clung to the meritocratic tautology that individuals are paid what they’re worth in the market, without examining changes in the legal and political institutions that define the market. This tautology is easily confused with a moral claim that people deserve what they are paid. Yet this claim is meaningful only if the system’s legal and political institutions are morally just. It has lured us into thinking nothing can or should be done to alter what people are paid because the market has decreed it. By this logic, the oligarchy is natural and inevitable.”

Quote by Robert B. Reich

Book:The System: Who Rigged It, How We Fix It
Create image

Work

The System: Who Rigged It, How We Fix It

Browse quotes and source details for this work. more

Author

Robert B. Reich

Browse famous quotes and profile details for Robert B. Reich. more

You May Also Like

“In point of fact, however, whether a man works three days of the week for himself on his own field and three days for nothing on the estate of his lord, or whether he works in the factory or the workshop six hours daily for himself and six for his employer, comes to the same, although in the latter case the paid and unpaid portions of labour are inseparably mixed up with each other, and the nature of the whole transaction is completely masked by the intervention of a contract and the pay received at the end of the week. The gratuitous labour appears to be voluntarily given in the one instance, and to be compulsory in the other. That makes all the difference.”

CapitalismFeudalismWage Labor
Book:Wage-Labour and Capital & Value, Price and Profit
Create image

“Employers conversely view the work of their employees, and the employees themselves, as a thing that belongs to them as a personal possession. This extends beyond some notion that workers have sold their labor or their “time” to the employer. Employers in practice completely own a worker during a designated period of work, and measure this ownership according to time. This is why time is managed and not the quantity or quality of tasks completed. The manner by which time is managed is similar to inventory management. When a worker fails to offer himself up for the designated hours, even despite the possibility of circumstances outside his control, the worker is expected to “make up” the time lost, much like reparations paid to an employer for stolen goods. Employers handle “lost hours” as part of loss prevention for physical products. The worker’s skills, ignobly called “human capital,” comports to an employer’s existing technologies for this reason: workers themselves become capital, and capital supports other capital through modification.”

EmploymentTime ManagementWorkplaceWork Life BalanceEmployeesWage SlaveryWage Labor
Book:The Invention of Work
Create image