My exhilarated sister, with a gush of delirious happiness and
satisfaction, on completion of several interview rounds of cut-throat
competition, called up her mother to share her achievement of getting a dream
job. This “tears of joy” feeling is experienced by each individual on bagging
one’s first job. The transition from a university graduate into a formalized
and professional outfit is akin to a changeover for a woman from her own family
lifestyle to a post-marriage life promulgating a life with greater responsibility. It is important to note that everyone is not born with
a silver spoon to have all check-boxes ticked while finding the most desirable
first job. Different needs and circumstances beget a choice to be made by an
individual which is plausibly not in one’s control. So, the offer letter gets
signed off starting a new journey which is completely different, making one
realize that the life was (maybe) much more enjoyable before this change.
Three to six months into this journey, those tears of joy turn into
#MondayMorningBlues, mid-week struggles and a countdown to weekend to get out
of the office desk and run away into wilderness. Individuals are hopeful of an
extended weekend or are wishful of holidays which they relished in colleges
during the summer or Diwali break. Now, the breaks taken either get deducted
from the casual leaves or could also pinch one’s pocket in the form of a
lowered salary. The excitement on the start of the very first day at office
starts dipping and things which enlivened one during the first week at work
turn-out to be points of complaints with each progressing day. Late night
working drains out the happiness of an individual who is putting in those extra
miles for the employer.
A number of thoughts flash across my mind when I try to understand the
rationale behind these feelings. Are these feelings experienced by only those
who fail to get into their so called “dream job-profile”? Probably not, as the
reluctance to get out of one’s bed on a Monday morning to kick-start a robotic
process for the next week is experienced by all.
Firstly, the idea of “Law of Diminishing Marginal utility”, steps into
action while analyzing the dip in the enjoyment at work. Utility is measured as
the total satisfaction received from consuming a good or service while marginal
utility is the incremental increase in utility that results from consumption of
additional unit of good or service. To illustrate this idea, a consumer who is
fond of eating mangoes is provided with a platter full of mangoes and is told
to savour on the juicy aromatic pulp as much as possible. As the number of
mangoes intake increases, the utility declines, becomes zero and subsequently turns
negative. This idea of diminishing marginal utility can be similar to the hours
which one puts, increasing the utility initially, but reaches a saturation level
after a given point of time. The weekend acts as savior and puts an individual
into inertia of rest (from work). However, life moves forward, giving a jerk (the backward
jerk as experienced in a bus) and reminding one of the #MondayMorningBlues.
Another idea close to the idea of utility is that of “Consumer
surplus”. The idea of a consumer surplus can be explained as the total
difference between the total amount that consumers are willing and able to pay
for a good or a service and the total amount that they actually pay. However,
this idea gets modified while working in a corporate world. The surplus here is
the difference between the salary/perquisites/awards won by an employee and the
amount of efforts put forth by the individual. When this surplus turns into
deficit, the saturation point gets triggered leading to one just going through
the motions day-in and day-out.
The idea of a “learning curve” which teaches us that with the
increasing number of hours put in to do a job, the experience to do it
increases and the hours to complete the task plateaus. Similarly, by doing the
same thing again and again, the expertise increases but the enthusiasm to do
the same thing dwindles. However, the falling enthusiasm to do a repeated activity
is not experienced by everyone as the perception of each one looking at it is
different. If one tries to learn something unique each time one performs the
activity, the learning curve (as studied above) will take its normal shape, but
the value-addition done each time will never dwindle one’s enthusiasm.
Lastly, the cut-throat competition between employers and peers and the
sword (placed near your epiglottis) in the form of “deadlines” tries to bring
the best in you, but results in one putting in so much overtime hours that by
default you await the distant weekend in anticipation. Those overtime hours
bring in additional incentives, but the lack of time to spend them brings
further disutility.
This micro-level analysis brings me to draw a small tangent to a macro
level picture on employment concerns based on the recently released annual
State of Working India (SWI) report by the Azim Premji University, with a detailed
ground level research conducted by Dr. Amit Basole, Dr. Arjun Jayadev and team.
The recent article in Livemint by Anurag Behar, the CEO of Azim Premji
Foundation, providing a summary of this report brings out few key points which
caught my attention:
- India has been growing at a much faster pace since 1990 than the 1970-80s, but the employment growth has been much slower since 1990
- Majority of Indians (67% of households as per the report) have a monthly earnings of upto Rs. 10,000/- in 2015, reflective that Indians may not be earning sufficient to have a sustainable living
- Labour productivity is increasing at a much faster pace than wage increase during the past 3 decades.
The numbers are a reality check not only for the present government,
but for all the governments in the past three decades as the idea of “jobless
growth” in India clearly gets reflected. The macroeconomic picture looks bleak
and requires interventions from all ends (private and government) to clear the
deep-rooted problem and create sustainable jobs in India. However, the critical
point is from the micro perspective which requires individuals to shed those
working blues experienced and focuses more on individual creativity in making the
job-profile more and more happening. The idea of the learning curve is not only
to gain expertise in doing an activity faster but to learn different things
each time you do the same activity. My sister now has a dream job which augurs
well for her future. However, it is upon her to re-live that dream and make it
as thrilling as she can!!!
- Sushant
Hede
30th September, 2018
Bibliography:a.) Opinion: Sustainable and Just jobs for all;
Author: Anurag Behar
Link: https://www.livemint.com/Opinion/CM0USHZoSjrJ083yMUgzTM/Opinion--Sustainable-and-just-jobs-for-all.html
Kudos to you for writing so so well and what makes me like it more is the usage of vocabulary and simple terms. It is not everyday that one comes across such fine writing.
ReplyDeleteVery well done, Sushant! Keep up the awesome work! :)
Very well written. Excellent example usage to simplify the understanding. Wish you all the very best for your future articles .
ReplyDeleteNicely crafted article, well done Sushant. I see a budding writer in you.
ReplyDeleteSushant you are a very good writer. You have applied the economic terms and explained its application in simple words. Very well written .
ReplyDeleteLucidly written, drives home the point interspersed with economic data. Great start, keep going. Cheers
ReplyDeleteVery well written. Very catchy and was a learning experience for me. Get to to know so many new words. Really brilliant piece of writing. I am looking forward to your next blog post
ReplyDeleteVery well written Sushant. My compliments. God bless
ReplyDelete