Futurists Case

Published: 2021-09-03 08:20:10
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Category: Business

Type of paper: Essay

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In the 1970s, futurists were predicting that increases in technology would dramatically shorten the workweek for most people. But in the wired work world of today, where employees can reach "the office" from wherever they are, many managers are finding it extremely difficult to get away from their jobs. In fact, one employment firm estimated that 30 percent of professionals take less than their allotted vacation time, and 42 percent said they have to cancel vacation plans regularly.
Consider a few examples:
● Gian Paolo Lombardo might work for a firm that manufactures luggage for luxury travel, but he's had precious little time for vacationing himself. During his last "faux-cation" 3 years ago, he spent most of the time in his hotel room in the resort town of Carmel, California, with his BlackBerry, while his wife Ellen chatted with other guests, hoping he'd finally finish with work. Ellen notes that no meal or movie goes by without her husband being hunched over his smartphone. She says, "I think he needs to go into rehab." He agrees.
● Irene Tse heads the government bond-trading division at Goldman Sachs. For 10 years, she has seen the stock market go from all-time highs to recession levels. Such fluctuations can mean millions of dollars in either profits or losses. "There are days when you can make a lot, and other days where you lose so much you're just stunned by what you've done," says Tse. She says she hasn't slept through the night in years and often wakes up several times to check the global market status. Her average workweek? Eighty hours. "I've done this for 10 years, and I can count on the fingers of one hand the number of days in my career when I didn't want to come to work. Every day I wake up and I can't wait to get here."

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