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COVID-19 pandemic tensions and contradictions are being felt and experienced across the US at many levels: societal, organizational, and individual. One way to understand, work though, and address some of the tensions that workers are experiencing is through "paradoxical thinking." Paradoxical thinking helps to see on-going, unresolvable, contradictory tensions as forces that can fuel innovation and performance. Using a paradox lens, this paper was written to help make sense of the crises leaders and workers are experiencing as the COVID-19 pandemic stretches on. The paper begins with a brief overview of the sources of data, the meaning of paradox, and illustrates five paradoxes experienced during the pandemic by providing information on the potential impact of COVID-19 on workers. Finally, empirically proven strategies for dealing with paradoxes are presented.
Why most Americans’ finances improved during the worst economic contraction since the Great Depression—and the policy choices that made this possible In March 2020, economic and social life across the United States came to an abrupt halt as the country tried to slow the spread of COVID-19. In the worst economic contraction since the Great Depression, twenty-two million people lost their jobs between mid-March and mid-April of 2020. And yet somehow the finances of most Americans improved during the pandemic—savings went up, debts went down, and fewer people had trouble paying their bills. In The Pandemic Paradox, economist Scott Fulford explains this seeming contradiction, describing how the pandemic reshaped the American economy. As Americans grappled with remote work, “essential” work, and closed schools, three massive pandemic relief bills, starting with the CARES Act on March 27, 2020, managed to protect many of America’s most vulnerable. Fulford draws from the Consumer Financial Protection Bureau's “Making Ends Meet” surveys—which he helped design—to interweave macroeconomic trends in spending, saving, and debt with stories of individual Americans’ economic lives during the pandemic. We meet Winona, who quit her job to take care of her children; Marvin, who retired early and worried that his savings wouldn’t last; Lisa, whose expenses went up after her grown kids (and their dog) moved back home; and many others. What the statistics and the stories show, Fulford argues, is that a better, fairer, more productive economy is still possible. The success of pandemic relief policy proves that Americans’ economic fragility is not an unsolvable problem. But we have to choose to solve it.
A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.
This literary opus offers a succinct glimpse into the factors that have undergone transformation, particularly in the wake of the pandemic's reverberating impact. It implores us to recognize that the lockdown measures and the relentless assault of the Covid-19 virus have left an indelible imprint on the very fabric of our existence. Our daily lives have been altered, our human interactions forever transformed, and our societal values profoundly influenced. It is a clarion call for introspection, urging us to grasp the significance of this paradigm shift and embrace the opportunity it presents for personal and collective growth. Chapters include: Introduction Social Media Chaos Cancel Culture: An Era of Dominance and Intolerance Woke Culture: From Awareness to Coercion and Division The Betrayal of Innocence: Unravelling the Consequences of Imposing Ideologies on Children Unveiling the Fabric of Society: The Interplay between Men and Women in a Fragmented World The Battle for Expression: Preserving and Upholding Freedom of Speech in Today's Society Stitching Together the Threads: Rebuilding and Strengthening Familial Bonds in a Post-Pandemic World Confronting the Shadows: Dismantling the Deeply Rooted Norms that Perpetuate Domestic Abuse From Pixels to Passion: The Transformation of Modern Love in the Era of Dating Apps The Digital Mirage: Social Media, Instant Gratification, and the Escalating Mental Health Crisis Systemic Failures and Broken Promises: Confronting the Deterioration of Governance From Coping Mechanism to Workplace Challenge: Substance Use in the Post-Pandemic Era AI, Data Breaches, and the Future of Humanity: Reflections on Control, Ethics and Regulation Conclusion
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One of our most scintillating public intellectuals explores the political paradoxes of the pandemic and helps us think our way through it. 'We are able to imagine anything because we are being besieged by something that was considered unimaginable...' Beneath the panic and bluster, beneath the confusing speeches and the conflicting advice, the Coronavirus pandemic acted, changing our world in the most profound ways. The tragic human cost and the economic devastation will be assessed and calculated for decades to come. But the pandemic also changed things in ways that are less easily expressed and understood. It has made bare the frayed contradictions of modern life. It has distorted things that seemed simple and settled. It has affirmed plain, uncomfortable truths. In this brilliant, thought-provoking essay, Ivan Krastev, one of our most interesting thinkers today, explores the pandemic's immediate consequences and conceives of its long-term legacy. Will things be different for the communities most harmed, and for those who escaped the worst? Where are we now with the US and China, with the UK and Europe? And how do we think our way through the unthinkable?
This Element provides an overview of cultural entrepreneurship scholarship and seeks to lay the foundation for a broader and more integrative research agenda at the interface of organization theory and entrepreneurship. Its scholarly agenda includes a range of phenomena from the legitimation of new ventures, to the construction of novel or alternative organizational or collective identities, and, at even more macro levels, to the emergence of new entrepreneurial possibilities and market categories. Michael Lounsbury and Mary Ann Glynn develop novel theoretical arguments and discuss the implications for mainstream entrepreneurship research, focusing on the study of entrepreneurial processes and possibilities.
We are at the beginning of the next major disruptive cycle caused by computing. In transportation, the term Autonomous, Connected, Electric, and Shared (ACES) has been coined to represent the enormous innovations enabled by underlying electronics technology. The benefits of ACES vehicles range from improved safety, reduced congestion, and lower stress for car occupants to social inclusion, lower emissions, and better road utilization due to optimal integration of private and public transport. ACES is creating a new automotive and industrial ecosystem that will disrupt not only the technical development of transportation but also the management and supply chain of the industry. Disruptions caused by ACES are prompted by not only technology but also by a shift from a traditional to a software-based mindset, embodied by the arrival of a new generation of automotive industry workforce. In Autonomous, Connected, Electric and Shared Vehicles: Disrupting the Automotive and Mobility Sectors, Umar Zakir Abdul Hamid provides an overview of ACES technology for cross-disciplinary audiences, including researchers, academics, and automotive professionals. Hamid bridges the gap among the book’s varied audiences, exploring the development and deployment of ACES vehicles and the disruptions, challenges, and potential benefits of this new technology. Topics covered include: • Recent trends and progress stimulating ACES growth and development • ACES vehicle overview • Automotive and mobility industry disruptions caused by ACES • Challenges of ACES implementation • Potential benefits of the ACES ecosystem While market introduction of ACES vehicles that are fully automated and capable of unsupervised driving in an unstructured environment is still a long-term goal, the future of mobility will be ACES, and the transportation industry must prepare for this transition. Autonomous, Connected, Electric and Shared Vehicles is a necessary resource for anyone interested in the successful and reliable implementation of ACES. “ACES are destined to be a game changers on the roads, altering the face of mobility.” Daniel Watzenig, Professor Graz University of Technology, Austria
The Covid-19 pandemic triggered the first global public health emergency since 1918, the greatest economic crisis since the Great Depression, and the greatest geopolitical tensions in decades. Global governance mechanisms failed. Yet, East Asian countries (with caveats) managed to control Covid-19 better than most other countries and to increase their cooperation toward economic integration, despite their position on the security frontline. What explains this East Asian Covid paradox in a region devoid of strong regional institutions? This Element argues that high levels of institutional preparation, social cohesion, and global strategic reinforcement in a context of situational convergence explain the results. It relies on high-level interviews and case studies across the region.
The notion of paradox dates back to ancient philosophy, yet only recently have scholars started to explore this idea in organizational phenomena. Two decades ago, a handful of provocative theorists urged researchers to take seriously the study of paradox, and thereby deepen our understanding of plurality, tensions, and contradictions in organizational life. Studies of organizational paradox have grown exponentially over the past two decades, canvassing varied phenomena, methods, and levels of analysis. These studies have explored such tensions as today and tomorrow, global integration and local distinctions, collaboration and competition, self and others, mission and markets. Yet even with both the depth and breadth of interest in organizational paradoxes, key issues around definitions and application remain. This handbook seeks to aid, engage, and fuel the expanding interest in organizational paradox. Contributions to this volume depict how paradox studies inform, and are informed, by other theoretical perspectives, while creating a resource that enables scholars to learn about and apply this lens across varied organizational phenomena. The increasing complexity, volatility, and ambiguity in our world continually surfaces paradoxical dynamics. Thus, this handbook offers insights to scholars across organizational theory.