Growth Quote by Jeffrey Pfeffer
“As many people know, our job market problems began long before the latest recession. We have faced literally decades with no substantive increase in median wages, and job growth, except in health and government jobs such as education, has been stagnant for a while. People are now expected to travel more and to work at odd hours to coordinate with people all over the world. Simply put, companies have prospered, but for the most part, people have not.”
About This Quote
Source Book: Power: Why Some People Have It and Others Don't, 1992
The modern labor market has seen stagnant wages and job growth for many sectors despite overall corporate prosperity, leading to increased work demands and inequity.
In simple terms: Wages stagnant, work demands rise, inequality grows.
Key Takeaway
Advocate for fair wages and balanced work conditions.
Themes
economy
labor market
inequality
work-life balance
Mood
frustrated
concerned
Type
analytical
critical
When to use this quote
- career planning
- policy advocacy
- union organizing
- remote work management
Key Concepts
Human capital
structural inequality
globalization
Questions to Reflect On
- How can policies better align corporate success with employee well‑being?
- What strategies can workers use to negotiate fairer conditions?
A Different Perspective
Corporate profits often mask employee struggles and systemic wage suppression.
