upworthy

money work

Culture

A woman noticed a striking resemblance between JPMorgan's office perks and the show 'Severance'

Lumon would be proud.

Apple TV

Adam Scott and Tramell Tillman in Severance

RIP remote work? Now that we're 4-plus years removed from the peak of the COVID-19 pandemic, more and more companies are beginning to mandate that employees return to the office, on a full or part-time basis. JPMorgan Chase is just one of the latest (and biggest) names to make the move. Starting March, the company announced, all employees must return to the office five days per week. Their CEO even ditched the policy that allowed employees to work-from-home two days per week.

To mark the occasion, and welcome everyone back, JPMorgan is planning to soon unveil a massive $3 billion, 2.5 millions square foot tower on New York's famous Park Avenue. The building will house 14,000 workers and feature state of the art architecture and technology.

The United State's largest bank is loading up its new corporate headquarters with perks to help employees transition back to office life. Some of the perks are great and truly enticing. Others are... questionable, to say the least.

Grace Tallon on LinkedIn noticed that some of the benefits of working in the JPMorgan Office seemed like they were yanked right out of one of the most popular current TV shows on the planet: Severance

If you don't know it, Severance is a psychological thriller on Apple TV that doubles as a dark and biting satire of corporate office culture and capitalism. Employees at a mysterious company called Lumon are "severed" — meaning their brains, memories, and personalities are literally split in half. While at work, they are a different person and retain no memories when they leave the office every night. In return for their sacrifice and for hitting key milestones, the employees receive ludicrous rewards like short dance parties with their boss, melon parties with carved watermelons, and handfuls of balloons. Employees are also expected to marvel at bizarre pieces of art that line the hall, featuring stoic images of Lumon's revered (and more than a bit creepy) founders.

Dance parties with your boss, anyone?Giphy

Conversely, JPMorgan's new tower will feature 19-restaurants with at-your-desk delivery, an Irish pub, and on-site physical therapy and yoga. But that's not all!

Tallon notes, however, that JPMorgan is also trying to entice employees with things like "personalized climate" in rooms and offices, a "signature scent" that wafts through the halls and somehow reinforces the brand, and, get this, even a "corporate art collection" that celebrates the company's history and values. Be more on the nose next time, will you JPMorgan? That's to say nothing of design elements that support worker's circadian rhythms and coffee machines that learn your favorites over time.

"Let’s stop pretending this is about connecting and doing better work," she writes.

Read Tallon's full post below on the striking similarities:

Commenters agreed that the perks came off more than a little tone deaf.

While some folks defended the corporation for doing their best to make employees feel cared for and taken care of, others didn't quite see it that way.

"the climate in my own home office is just right. Along with my own coffee, artwork, lighting (window wide open), and other perks and it cost me zero dollars to drive there and I don't have to wear shoes! Way out of touch," wrote Alix Z.

"Those perks sound more like a high-tech museum experience than actual employee benefits. Instead of a 'signature scent,' how about giving employees real reasons to feel good about coming to work?" said Diana Alayon

"Working at home perks: My own candle collection, curated to suit my preferences, Coffee and tea on tap, from our favourite brands, Comfortable cushions and blankets to help regulate my temperature at my desk, A variety of lighting options, ranging from warm white lamps to 'the big light', Freedom to work anywhere I want, such as my office desk, sofa, kitchen table or a coffee shop near by, Personalised art with photos of family and pictures we enjoy, Working space decorated to my own specifications, Plenty of spaces nearby for fresh air and dog walks" wrote Eloise Todd in a mic-drop comment.

Giphy

Hey, I'm not totally naive. I do think there is something positive about working together in-person with your colleagues. And sure, if I'm going to be there, I'd love to have delicious lunches and free yoga classes available to me. But to take away even the option of occasionally working from home and duct-taping over it with an algorithm that tracks my coffee order and temperature preferences, and filling the halls with strange paintings that move when I walk by? It kind of loses the thread, and it's exactly the kind of thinking that the creators of Severance are so good at skewering.

It turns out that what people really want out of their jobs is actually pretty simple. They want fair pay, autonomy, some level of flexibility, and good benefits. Perks are nice — even the kind of weird ones — but they can only go so far. It remains to be seen if companies that dictate back-to-the-office edicts are willing to follow through on the things that really matter.

One anonymous worker reiterated as much when they told the NY Post: "I'm looking forward to some of those little amenities — but I'm still not down for having to go to the office five days a week."

This article originally appeared in February

From Your Site Articles
work
Democracy

These before-and-afters will make you question everything about how our economy works

You'd think it was some sort of natural disaster. Nope. Totally man-made.



Yup. These images were taken only two years apart. And what you're seeing was not an accident.

When the economy crashed in 2008, it was because of shady financial practices like predatory lending and speculative investing, which is basically gambling, only the entire economy was at stake.


assets.rebelmouse.io

When the recession hit, it literally hit home for millions of people. And Detroit was right in the middle of it.

I spoke with Alex Alsup, who works with a Detroit-based tech company that's mapping the city's foreclosed homes to help city officials see the bigger picture and find solutions. He also runs the Tumblr GooBingDetroit, where he uses Google Street View's time machine to document the transformation of Detroit's neighborhoods over the last few years.

assets.rebelmouse.io

"There's a common sentiment that Detroit's looked the way it does for decades, but it's just not true," Alsup said.

It's astonishing to see how quickly so many homes went from seemingly delightful to wholly unlivable.

assets.rebelmouse.io

When the recession went into full force, home values took a nosedive. But the city expected homeowners to pay property taxes as if they hadn't.

Not only does the situation defy logic, but it's like a brass-knuckled face punch to the people the city is supposed to be looking out for. Alsup explains:

"You had houses — tens of thousands of them — that were worth only $20,000 or so, yet owed $4,000 a year in taxes, for which very few city services were delivered (e.g. police, fire, roads, schools). Who would pay that?"

Indeed.

assets.rebelmouse.io

A local group calls what happened to Detroit a "hurricane without water."

And like a real hurricane, homeowners aren't the ones to blame. They're even calling for what is essentially a federal disaster response.

Here are the three strategies they want to see in action — and they can work for basically anywhere in the country that's struggling with a housing crisis.

1. Stop kicking people out of their homes.

They want the city to end foreclosures and evictions from owner-occupied homes. Many people aren't just losing their homes — they've lost jobs, pensions, and services because of budget cuts. Putting them on the street is like a kick in the teeth when they're down.

2. If a home is worth less on the market than what the homeowner owes on their loan, reduce what they owe.

Those are called underwater mortgages. Banks caused this mess, and governments ignored it. It's only fair that people's mortgages be adjusted based the current value of their home.

3. Sell repossessed homes at fair prices to people who actually want to live in them.

Selling to banks and investors only encourages what led to the financial crisis in the first place. Wouldn't it make more sense to sell to people who are going to live in them and have a genuine interest in rebuilding the community?

Housing is a human right. And an economy based on financial markets doesn't care about human rights. Maybe it's time for a new economy?

Click play below for a silent cruise down a once lovely residential block in Detroit.


This article originally appeared on 12.15.14

Health

I never realized how dumb our cities are until I saw what a smart one looks like.

There's community and there's commuting. Let's not confuse the two.

Image created from YouTube video.

A busy freeway.



With the population growing and most of it happening in cities, these Canadian journalists wanted to take a closer look at whether our sprawling modern villages are up to the task of housing more humans.

Over half of the world lives in urban areas.

That includes over 80% of people in the United States and 81% of folks in Canada, where this report was produced. Therein lies the problem.

pollution, culture, traffic

The busy traffic in the cities.

GIF created from YouTube video.

A lot of modern cities are being described as obesogenic environments.

Dr. Karen Lee can tell you what that means:

city design, infrastructure, obesogenic

Design of cities makes us sick.

Image created from YouTube video.

Lee says our living environment has shaped public health for the worse:

"The ways in which we've been designing our cities have been making us sick. ... We've inadvertently designed physical activity out of our lives."

A healthy diet and regular physical activity are some of the most important things we can do for our health as individuals, but flawed city design has restricted opportunities for people to make those choices, which has contributed greatly to what are essentially public health epidemics — ones that require public health solutions.

Most cities have been designed for cars, not for people.

Look out your window and see for yourself. Brent Toderian, former chief city planner for Vancouver, says it's a big problem:

mental health, economy, money work

Cities are designed around using cars.

Image created from YouTube video.

Toderian says city design that makes it easier for people to get around instead of cars is one way to make physical activity a more natural part of our lives. And a lot of major cities are beginning to look to Latin America for ideas about how to achieve that.

In the 1990s, Medellín, Colombia, was one of the most dangerous cities in the world.

The constant threat of drug-related violence made it a place people wanted to escape.

constitution, hardiness, gridlock

Looking over Medellín, Colombia.

Image from YouTube video.

But today, Medellín stands as a model of creative urban design.

The city was desperate for change. And they may not have had the resources of the world's richest city, but with a few smart infrastructure investments, like outdoor escalators, suspended gondolas, and public gathering spaces, Medellín has been transformed into a place where people are proud to live.

escalator, Medell\u00edn, population

A system of escalators

GIF created from YouTube video.

gondola, fitness, well being

Gondolas moving people throughout the city.

GIF created from YouTube video.

Medellín's escalators cost only $6 million to build — "peanuts in the scheme of modern infrastructure projects.”

Architect Carlos Escobar sees these developments as much more than just infrastructure upgrades:

"The new transportation system in Medellín ... is not only a physical solution. It is not only transportation. It is also a social instrument that involves the community, that integrates the community in all the city."

Medellín is more connected than it's ever been, which makes it easier for workers to get to their jobs, and it brings more action to the local economy, strengthens the community, AND encourages people to be physically active.

If you'd rather spend more time in your community than in your car, give this post a share and help spark more people's imaginations. The solutions are out there. And they're not as costly or far-fetched as a lot of us might think.

This was a fantastic news report by CBC News (great job, Canada!). Here's just a snippet, but check out the whole video if you wanna nerd out a little more like I did:

This article originally appeared on 03.10.15

From Your Site Articles
Pop Culture

Businesses can succeed while still being ethical—just ask Warren Buffett

Buffett always considers 6 factors before making a business decision. And none of them have to do with making money.

Wikipedia Commons File:Warren Buffett at the 2015 SelectUSA Investment Summit (cropped).jpg

Warren Buffett speaking at the 2015 Select USA Investment Summit.

True
TD Ameritrade

Warren Buffett isn't just rich. He's known for being ethical, straightforward, and wise. And also generous. Not just with his money but with his ideas.

Buffett straight up spelled out how he makes decisions on how to invest in and acquire businesses in a public letter sent to his shareholders. To be clear: His instincts and insights are what have made him such a rich man. And that's what he's sharing so openly with the world.

These are the six factors Warren Buffett says he considers when he's making big business decisions.

Maybe they could help the rest of us think through some tough decisions in our own lives? Let's see.

Maybe you, too, are investing billions of dollars. Or, uh, maybe not. But the day-to-day choices you have to make about life could be just as tough — and important. So let's see how his lessons could apply:

1. It's gotta be a big choice and a big win.

Buffett says he prefers to acquire "large purchases (at least $75 million of pre-tax earnings unless the business will fit into one of our existing units)." Aka, go big, go bold. Not everything has to be huge, but in tough times, sometimes doing the big, scary thing is how you reap the big, amazing reward.

2. The decision has to create value for you consistently and currently.

None of this "it'll pay off in the distant future" or "it just needs some elbow grease" stuff. Whatever you're choosing, make sure it's valuable and has concrete, real-life impact. Or, as Buffett says, the acquisition must have "demonstrated consistent earning power (future projections are of no interest to us, nor are 'turnaround' situations)."

File:President Barack Obama and Warren Buffett in the Oval Office ...commons.wikimedia.org

3. The decision will benefit everyone who's invested in it, and it won't leave anyone hanging.

Buffett wants "businesses earning good returns on equity while employing little or no debt," aka no one who's put time/effort/money/love into said life choice (or business move) will come out at the end with less than what they started with. Makes sense, right? Basically, don't screw people over with the choices you make. Have some heart and fairness.

4. Everything necessary for success should already be in place.

Buffett mentions that there must be "management in place" and that his company "can't supply it." Invest time and energy in things that are solid and have demonstrated reliability. That is, "don't build the ship while you sail it." Why? According to Buffett's logic, when making huge decisions, if the part that keeps makes the end result of your decision sustainable is already there, that's a very good sign.

5. The decision may be hard, but the terms should be simple.

Buffett wants simple businesses, saying — in his awesomely straightforward way — "if there's lots of technology, we won't understand it." Life isn't always simple and there's certainly a time for complexity, but the lesson here is a good one: If you're making a huge choice, don't overcomplicate it.


man sitting on mountain cliff facing white clouds rising one hand at golden hourPhoto by Ian Stauffer on Unsplash

6. The options are clear and available.

Buffett refers to this availability, basically saying that the company has to have a price on it already and that his firm doesn't "want to waste our time or that of the seller by talking, even preliminarily, about a transaction when price is unknown." I take this to mean that the choice is a clear action. No negotiations necessary.

Bingo.

Now I'm not saying that this well-to-do investor has all the answers just because he has all the money, and I know it's a little out there to think of these investment acquisition tips as something you can apply to your own, non-billionaire life. But think about it. Fearlessness? Fairness? Preparation? These are some helpful themes we could all probably take a few lessons from.

So next time you're making a big decision, think about them. In a world where financial literacy isn't exactly the norm, looking at how financial greats make their decisions could be an interesting thing to try. Who knows? It might help you.

From Your Site Articles
inspiring
Trending Stories