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How far the process of slavery has gone became clear this week when Credit Suisse followed the example of Bank of America Merril Lynch (BaML) in issuing a circular to its employees urging/ ordering them not to work non-stop. BaML directed its directive at its junior staffers, telling them to “take a minimum of four weekend days off per month.” (Think about that, and what it implies about existing work habits.) As Bloomberg Business Week noted in reporting this development, “senior executives presumably know what’s good for them and are welcome to work around the clock”.
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These moves by the some of the world’s largest financial institutions come in the wake of a widely-reported incident last summer. Moritz Erhardt, a 21-year-old German intern in a seven-week summer internship program at BaML in New York was found dead in his dorm. A investigation discovered that he had “pulled eight all-nighters in two weeks”, so that his death from exhaustion or complications thereof, unfortunate though it was, was declared “unsuspicious”.
It is not clear whether BaML’s new instructions to staffers reflect a prick of institutional conscience at Erhardt’s death, or merely concern that the bank will be the subject of a law-suit. If the latter, then the big banks will have to do what they do best – use their lobbyists to rejig the laws so as to permit more intense slavery. This will not be difficult in the USA, as the following – staggering but true – item proves.
“Right now in Wisconsin, you’re not supposed to work seven days in a row, which is a little ridiculous because all sorts of people want to work seven days a week, ” he told The Huffington Post in an interview. The ‘he’ in this quote is not some weirdo nobody, it is Senator Glenn Grothman, Republican State Senator in Wisconsin, and he intends to correct this ‘ridiculous’ state of affairs by changing the existing law, under which businesses “must provide employees with at least one period consisting of 24 consecutive hours of rest in each calendar week”. Currently, these days could be the first and last days of a 14-day-period, with twelve unbroken work days between them, but at least the principle of one rest day per week is loosely maintained.
The Huffington Post reports that ‘Grothman finds this law “a little goofy, ” and he argued that rolling it back is a matter of “freedom”’. It could hardly be clearer: In Wisconsin, which used to be considered a liberal state but is now best-known for its legislative initiatives to roll back liberal laws, especially in the area of labor and workers’ rights, slavery is freedom and Orwell rules, OK.
It is interesting to note that Grothman seems to be aiming at low-paid jobs in areas such as retailing, whilst in New York City the supposedly super-smart interns are slaving in the hope of getting very lucrative jobs in banking and finance. The moral collapse is thus systemic, covering the entire spectrum of socio-economic classes, economic sectors and geographical regions. One can only wonder what the Founding Fathers, whose struggle for freedom drew so much inspiration from the book of Exodus and, specifically, from the Ten Commandments, would make of the rise of Pharaonic Egypt in the US of A?
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