Young Goldman Sachs bankers ask for 80-hour week cap

Re:Young Goldman Sachs bankers ask for 80-hour week cap by JumpCrisscross on Saturday March 20, 2021 @08:57AM (#26522887)

> stomping around, slamming doors and yelling at my boss

This is fine. It's a hostile work environment. But if everyone's on the same page, it can, I don't want to say work, but not totally suck. Especially if there's good money.

Threatening to punch people, smashing things near someone to show them who's boss and "getting physical" is different. It's abuse. It's illegal. It was somewhat commonplace in and before the 80s [1], but it has not been common for decades now nor should it be.

[1] I have a theory for this, and it involves leaded gasoline.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by ipaddr on Saturday March 20, 2021 @02:44PM (#26525094)

That first yconbinator batch was a rough group.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by yowlingcat on Saturday March 20, 2021 @09:03AM (#26522920)

> [1] I have a theory for this, and it involves leaded gasoline.

May just be coincidence but this is the second time in the past few weeks I've heard about this, and I'm curious. Would you mind going into more detail?

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by duckfang on Saturday March 20, 2021 @10:47AM (#26523571)

https://en.m.wikipedia.org/wiki/Lead%E2%80%93crime_hypothesi...

There's a LOT to chew on in there.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by sjg007 on Saturday March 20, 2021 @09:31AM (#26523114)

Lead causes brain damage specifically in executive function and leads to aggression, impulsivity and behavioral control issues.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by matwood on Saturday March 20, 2021 @09:19AM (#26523019)

Basically there's a time period where people were growing up with a low level of lead poisoning caused by the burning of leaded gasoline.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by ghaff on Saturday March 20, 2021 @10:00AM (#26523282)

What others have said. It's also a fairly prominent theory that it's at least a factor in why crime rates have dropped.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by smcg on Saturday March 20, 2021 @10:16AM (#26523387)

Capitalism incentivizes abuse, because abuse is profitable.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by pmlnr on Saturday March 20, 2021 @05:07PM (#26526070)

You haven't lived in the USSR or in the Eastern Bloc, have you? So far, there wasn't a way of living invented where there were no abused and/or abusers.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by CathedralBorrow on Sunday March 21, 2021 @10:07AM (#26530556)

How can you argue against the statement "capitalism incentivizes abuse" by talking about communism?

Note that I don't disagree with your notion that abuse is abundant in all human societies.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by pmlnr on Sunday March 21, 2021 @12:56PM (#26531823)

No traces of capitalism there, yet abuse was deeply engraved. Conclusion: abuse has nothing to do with the type/philosophy of the market.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by CathedralBorrow on Monday March 22, 2021 @08:07AM (#26539675)

That makes sense if the original statement was that capitalism is the only thing that can ever incentivize abuse.

If you assume that abuse can be caused or influenced by more than one thing -- which I believe makes sense but you might disagree -- then it doesn't matter what communism was doing if we're talking about capitalism.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by incrudible on Saturday March 20, 2021 @06:40PM (#26526597)

There's nothing inherently profitable about abuse. Making your workers miserable generally makes them less productive.

The thing with banks is that they aren't productive in the first place. They're scalping off whatever they can get, with fierce competition. If you're fresh out of college and get hired into these places, you can't just walk away without risking your whole career. It's a monopsony. That's what enables abuse, human nature takes care of the rest.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by mbrodersen on Saturday March 20, 2021 @09:52PM (#26527525)

Non-capitalistic societies have historically been brutal and devastating for the unfortunate population experiencing it.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by imposterr on Sunday March 21, 2021 @12:01AM (#26528013)

While I don't exactly agree with this, I'd like to remind the sibling comments that simply saying communism is worse isn't a valid argument for capitalism.

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