"I Teach at a Business School. It’s Time to Shut Them Down."

A column at the NYT, written by Chris Marquis, a professor at University of Cambridge Judge Business School.

When the case method is used in medicine and law, it serves a different set of goals.... In both fields, students are confronted by the messiness of reality, and the goal is to foster disciplined skepticism: ask what’s missing, challenge assumptions and test how an analysis could be wrong.

Business school cases operate on another logic.... The point is to practice acting like the person in charge....

"Her heart’s desire included a $400 sea-foam green jacket from the New York Liberty women’s basketball team that reads 'New York or Nowhere.'"

She'd had more than $200,000 in student loans, but qualified for loan forgiveness, so "One thing I did is I gifted myself an extra loan payment for whatever my heart desired."

She is New York City Council member Tiffany Cabán, who "spends much of her day thinking about how to address New York City’s affordability crisis," and rents a two-and-a-half-bedroom place in Astoria, "where she lives with her rescue dog Ducky."

I'm reading the latest entry in the NYT series "Affording New York," "How a City Council Member Lives on $148,500 in Queens" (gift link, with photos of Cabán place and her dog and her jacket).

It is a nice jacket for a City Council member, and it's nice that she has season tickets to the game ($5,000), and that her salary is going up from $148,500 to $175,500, after she and other council members voted them a raise. Well earned, no? You wouldn't want to try to live in NYC for only $148,500.

The jacket's slogan is "It will Always be New York or Nowhere." You know that wonderful New York feeling: every place else is nowhere. It reminds me of my old saying: Better than nothing is a high standard. But acquiring nothing leaves you intact as a living human being, and you save whatever money you'd have spent on that item that's not better than nothing. But with "New York or Nowhere," it seems you cease to exist if you can't swing life in New York. Life without being in New York is not better than nothing. It's nowhere. 

"As a college instructor, I see lots of young people in class who clearly hate being there. They don't feel like they were 'made for school'..."

"... they have no idea what they'll do with their diploma once they graduate, they have no particular interest in the program they're in.... My own son was ... pretty lost, after struggling in studies to be a software developer (constantly at home, alone, in front of a computer), then working in customer support for an insurance company (constantly at home, alone, in front of a computer). It wasn't that he couldn't do the work, but he procrastinated, felt many tasks were pointless, and just wasn't happy. But his dad and I both have PhDs and his sister is an MD, and it seemed he felt he 'should' be in university. Then he found out about an opportunity to train as a baker. 8 months of classes and practice in a very good gov't run program (free), then a month as a trainee at a bakery. He lucked into a popular local artisanal place, very well known for their baguettes, croissants and sourdough. They hired him as soon as he was finished, and he's SO HAPPY there! He's interacting with others all day, he's always on the move and always learning, and can see the results of his work immediately (and eat it too!)...."

From a comment at the NYT, on the article "Mom, Dad, I Want to Be a Welder/Gen Z is increasingly turning to trade schools in hopes of future-proofing their careers against A.I. But getting their parents and peers on board can be a challenge."

"The connection between narcissistic personality traits and wanting people in the office full time is not coincidental — it’s causal."

"In one experiment, we got leaders to reflect on the role that a bold, assertive ego played in the success of Steve Jobs as Apple’s chief executive and Larry Ellison as Oracle’s. After participating in that exercise, leaders were more likely to oppose remote work.... [I]ndividual leaders who reject remote work are necessarily egomaniacs.... But our data does show that overall, self-centered leaders tend to struggle with the idea of employees making independent choices about where to work.... Remote work also prevents leaders from basking in the glow of employee reverence.... Instead of rapt attention, they’re met online with boredom, fatigue and interruptions from partners, children and pets.... Sycophantic reassurances from employees just don’t have the same effect if they’re on Slack...."

From "The Secret Reason Bosses Want Everyone Back in the Office, Every Day of the Week" (NYT).

Doesn't seem like much of a "secret"!

I see some potential for turning all these criticisms around into attacks on the employees. They are worse when they are working at home. They are beset with boredom, fatigue and interruptions. It's not that the boss wants them in the office to fawn over him but that he wants them on task and working hard. It's not narcissistic of him to want what they're paid to do.

"That eyebrow pierce.... You’ll have trouble getting the barbell out and eventually someone will have to use tiny pliers to cut it out of your face."

Said Molly Jong-Fast, speaking at the Bennington graduation and, later, quoting herself in a NYT essay titled "It’s No Wonder Grads Are Booing Their Commencement Speakers."

The booing that's famously happening this year is in response to graduation speakers who attempt to say something encouraging about what A.I. is going to do to the career they may still hope to pull off.

"I understand that the job market is rough, but what is it with this lemming-like behavior where so many young people feel they need to be in NYC?"

"It shows a real lack of imagination. NYC is not that great; there are alternatives."

"Move. Go elsewhere. Find meaning and joy in your life outside of NYC. It exists. This is a big country."

"I must be the one confused …. it seems. Average student debt of $38k but move to the most expensive city without a job and complain about the affordability of hip-hop dance classes?"

Those are the top 3 highest-rated comments on the NYT article "In a City of Big Dreams, Many Young Adults See a Cloudy Future/A bleak job market. Rising rents. Huge debt. In New York and other cities, traditional milestones of adulthood feel further away for some 20- and 30-year-olds."

Right under the headline, there's a photograph of a 24-year-old man, lying flat on his back in bed and clutching a pillow. He looks despondent. We're told he "feels guilty telling friends he can’t join them for dinner. He wants to start a family one day, but worries. 'I can’t even afford myself, so how am I going to afford someone else?' he said. And he laments that he can’t pursue some of the hobbies that have always brought him joy, such as hip-hop dance. Classes are too expensive: about $25."

"At Notion, the $11 billion business software developer he founded 13 years ago, [Ivan Zhao] hired a high-schooler."

"'We had to ask his parents for permission,' he explained. 'This guy has no experience working anywhere, but he is so talented, and he just grew up with YouTube, grew up with language models, so he knows how to access information given the tools in front of him.' The move was a small example, Zhao argued, of what he referred to as a new 'abundance approach' unlocked by powerful artificial intelligence (AI) tools. 'We’ve become a lot less picky about your capabilities and years of experience,' he explained. 'We are almost doing the reverse of what we were doing before.' Where once Zhao hired mostly mid-career, mid-level workers, Notion... now targets either very young or senior operators. The former are high on 'agency' (the enthusiasm to try things and embrace new tools); the latter often have high taste (a sense of what works and what doesn’t, refined through years of experience)...."

So begins "America’s white-collar jobs bloodbath gathers pace/US business has embraced AI, but predictions of mass unemployment may be based on the false premise that there’s a fixed amount of work to be done" (London Times).

"So much of what we take for granted today — from our meritocratic rat race to our gentrified neighborhoods to our culture of overwork, fitness training and foodie obsession — was born in the yuppie-made 1980s...."

"After the Carter and Reagan administrations loosened the regulations governing Wall Street, finance began to generate a greater share of profits than manufacturing or services. Investment banks and law firms now shaped the fates of the corporations they had once served. As America hitched its fortunes to finance, those banks and firms began to chop up, spin off, merge, offshore or otherwise squeeze short-term value out of the nation’s legacy corporations. But to do it, they needed legions of employees to handle the grunt work: the proofreading, drafting and document review that kept the takeover machinery in motion.... Once they were hired, aspiring yuppies were expected to work more hours, often on smaller and less intellectually demanding piecework. They were also given less meaningful training, all for narrower chances of promotion to partner. As the professional world was beginning to diversify, it became an increasingly miserable place to work.... The exhausting meritocratic contest that furnished them with nice apartments and private-school tuitions had real psychic costs. Between the long hours and the constant pressure for upward mobility, few yuppies actually felt triumphant. They felt burned out. Yuppies were the first class of young people to be drawn into the sweatshop of the meritocracy. Now is the time to rethink the bargain they made...."

Writes history professor Dylan Gottlieb, in "How Yuppies Changed America" (NYT).

"I’m trying to manifest more abundance, but I’m really feeling the income streams have dwindled."

"I have over 800,000 Instagram followers. Before, if I wanted to do a brand partnership on social media, $10,000 was an easy get. Now it’s, like, $500. I pretty much live from a bucket of savings."

So says the "Author With One New York ‘Times’ Best Seller," who made only $49,000 last year — "$30,000 from book advance/$14,000 from teaching two retreats/$5,000 from narrating own audiobook."

Quoted in "What Do You Do and What Do You Make? 60 New Yorkers about what they brought in last year" (New York Magazine).

I selected that one story out of the 60 — all of which are interesting — because I was charmed by the statement "I’m trying to manifest more abundance." It's a lighthearted — and culturally connected — way to express real pain. How can you live in NYC on $49,000 a year? And yet you hit the envied goal of publishing a best seller!

I don't need to extend this post by expounding on the words "manifest" and "abundance." What would you pay me to resist the impulse? I'll continue. Briefly.

"Manifest" is New Age self-help jargon, used ironically by our best-selling author.

"Abundance." I think of it as an Ezra Klein word that was supposed to take off more than it did. Democratic Party hacks substituted the drearier word "affordability."

ADDED, ironically: Here's Ezra's book "Abundance," commission earned.

The news of authenticity.

1. "Museum of Authenticity Annex Closes, Exhibits Feature is Expanded in Original Location" (Ark Valley Voice): "The Museum of Authenticity has offered unique, curated exhibits of art and utilitarian artifacts in Salida for years. While the larger annex off of F Street has closed, the museum itself has not gone anywhere...." 

2. "Time To Get Serious About Workplace Authenticity" (Forbes): "Think of your favorite leaders, whether political icons, sports captains, or CEOs. How would you objectively measure their authenticity? There is no baseline. No benchmark. If you find Trump authentic you probably adhere with his values; same goes for Obama. By the same token, not many Trump fans would find Obama authentic, and vice-versa."

3. "The authenticity double standard is negatively impacting female leaders/We tell brands that humanity drives commercial success, so why do we still advise women leaders to suppress theirs?" (MarketingWeek):

"Brendan Liaw was kind of joking when he agreed he was a professional stay-at-home son during his appearance on 'Jeopardy!' in May...."

"'I figured, why not have some fun with it?' he said. 'Better to be a "stay-at-home son" than "unemployed" or "schmuck" or "lazy guy."' He certainly wasn’t expecting to set off a media moment of stories and think pieces on so-called 'trad sons' — adult men who embrace the lifestyle of living with their parents."

From "Stay-at-home sons are here — and they’re not going anywhere Why some young men are finding happiness in their parents’ homes" (WaPo)(gift link).

"'I’m sort of the origin of all this discourse,' [Brendan] Liaw, 28, said. He was speaking from an apartment in Vancouver, British Columbia.... After his 'Jeopardy!' appearance — during which he won almost $60,000 across four games — several media outlets, including Vanity Fair, People and the Wall Street Journal published stories about a rise in 'trad sons' or 'hub-sons.'"

"It begins in 1976. Epstein is a teacher at the Dalton School in Manhattan, and he gets invited to a reception at an art gallery, and he goes kind of grudgingly...."

"And at the reception, he bumps into the parent of one of his students who is impressed with his math chops. And the parent suggests that maybe he is wasting his time being a teacher and instead should consider a career in Wall Street. And the parent then introduces Epstein to a guy named Ace Greenberg.... a top executive at Bear Stearns, which is this scrappy Wall Street investment bank. And one of the ways in which it's scrappy is that it is not going to hire Ivy League MBAs. It is looking for what Ace Greenberg likes to call PSDs, which stands for poor, smart, and deeply desirous of being rich. And Epstein goes in to meet Greenberg for a job interview, and Epstein fits the bill. Greenberg is bowled over by the guy's charisma and charm and apparent math prowess and offers him a job. So he arrives at Bear Stearns and he quickly becomes the protege to some of the firm's top executives. One is Greenberg, the guy who hired him, who is so taken with Epstein that he introduces him to his own 20-year-old daughter and they start dating, which affords Epstein something akin to protected status at the firm...."

From today's excellent episode of the NYT "Daily" podcast, "The Origins of Jeffrey Epstein."

So: a scrappy executive enamored of the idea that there are PSDs out there — that's the explanation....

"Looking out on a pool of less marriageable men, young women are turning their backs on the institution, bolstered by cultural messaging..."

"... from academia to Hollywood that remains critical of more conservative lifestyles. While the country rightfully spent recent decades boosting the educational and economic prospects of women, it deindustrialized, axing and outsourcing jobs in heavily male industries, and leaving men and women increasingly out of step with one another. Efforts to make the workforce and education system more friendly for girls have led to emphasizing literacy and verbal skills, a hemorrhaging of male teachers, and the decline of shop classes and vocational programs.... The trend line of women reporting a declining desire to marry may indeed reflect pessimism about their prospects rather than the institution itself — and not for ideological reasons so much as practical ones...."

Writes Emily Jashinsky, in "A marriage gap is growing — and it could spell disaster/The 'war on boys' could be resulting in some women shunning marriage" (WaPo).

Jashinsky, as a 7-year-old girl, was one of the kids portrayed in the Christina Hoff Sommers book “The War Against Boys,” which came out in 2000, and she also worked as an intern on the re-release of the book in 2012.

It seems that both men and women regard the members of the opposite sex as unworthy of marriage. 

"The rhetoric was, if you just learned to code, work hard and get a computer science degree, you can get six figures for your starting salary...."

Said Manasi Mishra, a recent graduate of Purdue with a computer science degree, quoted in "Goodbye, $165,000 Tech Jobs. Student Coders Seek Work at Chipotle. As companies like Amazon and Microsoft lay off workers and embrace A.I. coding tools, computer science graduates say they’re struggling to land tech jobs" (NYT).

In response to questions from The New York Times, more than 150 college students and recent graduates — from state schools including the universities of Maryland, Texas and Washington, as well as private universities like Cornell and Stanford — shared their experiences. Some said they had applied to hundreds, and in several cases thousands, of tech jobs at companies, nonprofits and government agencies. The process can be arduous, with tech companies asking candidates to complete online coding assessments and, for those who do well, live coding tests and interviews. But many computing graduates said their monthslong job quests often ended in intense disappointment or worse: companies ghosting them. Some faulted the tech industry, saying they felt “gaslit” about their career prospects. Others described their job search experiences as “bleak,” “disheartening” or “soul-crushing.”

It wasn't long ago at all that students who studied things other than coding were taunted with the imperative "Learn to code." Such a useful skill, so suddenly obsolete. 

"We recently had a job candidate come in to give a presentation as part of the interview process and bring family members with them — their spouse and several children."

"This included a 1-year-old who the candidate carried around and interacted with, repeatedly interrupting their own presentation. The candidate also kicked off their shoes and walked around barefoot during the presentation...."

From "Wait, People Are Bringing Their Whole Family to Job Interviews? And kicking off their shoes?" (NYT).

"'I just felt like I lost my inner compass,' said [Isabel] Falls, 27, who was working as a design researcher at the time and missed being closer to nature."

"'I wanted to feel a bit more like I was alive and living,' she said. She turned her attention to building up her savings and quit her job in May 2023 to take a year off. 'It’s a huge privilege to have been able to do it, and I really recognize that'....  Almost two years later, Ms. Falls is in Mexico... and working on a freelance basis for a travel agency. The flexibility of the job was enticing...  Most of her belongings are still in a shed at her mother’s house in Washington State.... 'I’m not in the mind-set of, "Let me grind as hard as I can right now so that I can retire at 55," or whatever... I can work and I can make money and I can save, and I can also live my life now.... I’m still trying to do what makes me happy rather than being in the grind of it all."

I'm reading "To Escape the Grind, Young People Turn to ‘Mini-Retirements’Some young people are spending their savings on an extended break earlier in their careers rather than waiting until retirement" (NYT).

I've also been reading Jack Kerouac's 1958 novel "Dharma Bums" — full text at link — and I've been looking for a place to quote this paragraph:

"I didn’t leave my England behind — I left somebody else’s idea of England."

Said Cyning Meadowcroft, quoted in "Briton builds medieval banqueting hall in rural Wyoming/Cyning Meadowcroft used the historical — and characteristically English — cruck carpentry method to build one of the tallest such structures in the world" (London Times).

Cruck construction dates back at least to the 13th century and refers to the use of naturally curved timber split in two to form an arch which supports the structure....

Meadowcroft, 59, a carpenter by trade, originally from Birmingham, has spent more than two decades erecting Angelcynn Heall west of the state capital Cheyenne for the “preservation of my culture.”

He likened his long-running project to historical resistance by the English to various invading forces: “If you’re locked up, if you’re dead, you haven’t beaten a system. But if you survive and you have something to leave behind, you’ve beaten it.”...

"[T]he FAA under Trump in 2019 launched a program to hire controllers using the very criteria he decried at his news conference."

"'FAA Provides Aviation Careers to People with Disabilities,' the agency announced on April 11, 2019.... The link under 'targeted disabilities' is now dead, but the Wayback Machine retains links from June 2017 and January 2021 that show the page was unchanged during Trump’s tenure. The list included: Hearing (total deafness in both ears), Vision (Blind), Missing Extremities, Partial Paralysis, Complete Paralysis, Epilepsy, Severe intellectual disability, Psychiatric disability, Dwarfism...."

Writes Glenn Kessler, awarding 4 Pinocchios, in "Trump launched air controller diversity program that he now decries/At news conference, Trump read a list of disabilities he calls disqualifying, but his administration started such hiring in 2019" (WaPo)(free-access link).

"[I]f you’re a college graduate with a humanities degree and want to make a salary while still vaguely doing something that deals with reducing racism in America..."

"... D.E.I. is one of the few possible career paths. The problem, at a grand scale, is that D.E.I.’s malleability and its ability to survive in pretty much every setting, whether it’s a nearby public school or the C.I.A., means that it has to be generic and ultimately inoffensive, which means that, in the end, D.E.I. didn’t really satisfy anyone.... Both the inspired and the terrified built out a D.E.I. infrastructure in their workplaces.... Trump... is taking a relatively powerless program, vilifying it, and using its dissolution as proof that he has single-handedly ended the woke era.... [T]he war on D.E.I. is almost certainly a catchall scapegoat meant to distract from Trump’s larger plans to gut the federal government, but I also can’t imagine it will hold the public’s attention.... Trump is going to need a better distraction, but one thing we know about him is that he stubbornly sticks to a theme. He might not be able to credibly blame diversity for everything from plane crashes to children’s reading scores, but I imagine he will try."

Writes Jay Caspian Kang, in "What’s the Point of Trump’s War on D.E.I.? To distract from his larger plan to gut the federal government, the President has taken a relatively powerless program and turned it into an excuse for everything that goes wrong in the country" (The New Yorker).

Trump isn't going to shut down the federal Department of Education.

I'm reading "Trump Chooses Longtime Ally Linda McMahon to Run Education Dept./A friend and financial backer of Donald J. Trump’s, Ms. McMahon, who led the Small Business Administration during his first term, remained close to him during the campaign" (NYT):

While Mr. Trump has repeatedly called for an outright dissolution of the agency, any effort to shutter it would require congressional action and support from some Republican lawmakers whose districts depend on federal aid for public education....

So it's just something to talk about, not actually do. So what is McMahon really going to try to do? She's the chairwoman of the pro-Trump super PAC America First Action.

[T]he America First Policy Institute has set out a more immediate list of changes it says could be achieved through vastly changing the department’s priorities. Those include stopping schools from “promoting inaccurate and unpatriotic concepts” about American history surrounding institutionalized racism, and expanding voucher programs that direct more public funds to parents to spend on home-schooling, online classes or at private and religious schools.