Book in the news: an impassioned attack on corporate culture
Book review: Lab Rats Dan Lyons’s book is an entertaining attack on the effect that the tech industry has had on everybody’s working lives
How Silicon Valley Made Work Miserable for the Rest of Us
Atlantic Books (£16.99)
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Technology startups are renowned for their insane working culture their staff are expected to work long hours with little job security in an often chaotic corporate culture. Some argue this is a fair trade-off for the chance they will make a fortune through stock options. After all, they choose to work in such businesses, and less-stressful and more secure alternatives are readily available. Or are they? Journalist Dan Lyons argues that the choice is disappearing: that the "mercenary" ethos of the technology industry is "infiltrating many other businesses", as Kirkus Reviews says.
Lyons's book is an "entertaining, if scattergun" attack on the effect that the tech industry has had on everybody's working lives, says The Economist. Lyons blames the technology sector for encouraging bosses in other industries to cut real wages, making workers feel "dehumanised and less secure", and exposing them "to constant, stress-inducing" change. "Many modern workers will agree" with his call for new management techniques based on "treating people well", as well as with his argument that, instead of "obsessing" about billion-dollar "unicorns", we should look for companies that can "turn a profit and improve society at the same time".
Lab Ratsis also a "lively and spirited" takedown of an industry "that is increasingly brazen in its unabashed parasitism", says Houman Barekat in The Guardian. And its "core argument" that "dignity, respect, stability and security still matter" is "surely irrefutable". But while the sentiment is "welcome", Lyons's hope that companies can be persuaded to change out of self-interest is a "tad wishful". Enlightened leadership can only to do so much. Meaningful change entails "legislative protections" and they can only be won through either the ballot box or the picket line.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?