Sure, blame the youngest generation for every economic woe, as has always been done. Maybe they can't afford drinks because of the price gouging of monopolistic ticket cartels alongside wage stagnation and crippling inflation.

The research is in, and the findings are clear: positive work environments are far more productive than cut-throat "social Darwinist" workplaces.

The studies confirm what most of us have intuitively known for a long time: a bad workplace environment is bad for business.

"But a large and growing body of research on positive organizational psychology demonstrates that not only is a cut-throat environment harmful to productivity over time, but that a positive environment will lead to dramatic benefits for employers, employees, and the bottom line."

"First, health care expenditures at high-pressure companies are nearly 50% greater than at other organizations. The American Psychological Association estimates that more than $500 billion is siphoned off from the U.S. economy because of workplace stress, and 550 million workdays are lost each year due to stress on the job. Sixty percent to 80% of workplace accidents are attributed to stress, and it’s estimated that more than 80% of doctor visits are due to stress. Workplace stress has been linked to health problems ranging from metabolic syndrome to cardiovascular disease and mortality."

https://hbr.org/2015/12/proof-that-positive-work-cultures-are-more-productive

#economics #work #productivity @economics

This might be the first admission in western media that the sanctions are having a blowback effect:

No doubt, Russia is feeling the impact of sanctions, but so is the west. Indeed, one reason for the over-egging of claims that the Russian economy is close to collapse is that western policymakers know their own voters are suffering from the collateral damage: dearer energy, rising food prices and falling living standards.