Check out Problematic Workplace Trends on Social Media That Have Been Taken Too Seriously
In an age when social media influencers are having an impact in every walk of life and most industries, seeking financial advise on TikTok has become increasingly common, to the extent that authorities are also concerned about unqualified experts doling out dubious tips. Apart from qualifications, there is also the issue of biased insights floating around, as only 20% of the financial advice on social media comes with a disclosure about the source.
But the most worrying trend that has emerged on finance TikTok or FinTok as it has come to be known, are strategies that are promising viewers a lot of money in a short amount of time. In addition to that, there's the fact that only 41% of people on TikTok actually bother to conduct fact-checking and research before implementing the financial advice they get online.
One of the most recent examples of such trends is 'Girl Math,' a trend that allowed consumers to justify unnecessary purchases, even if they put a dent in their finances, at a time when prices are consistently rising. Although considering anything below $5 free and assuming that spending $400 on hair extensions is justified for a $40 saving in future is good for funny social media conversations, it isn't practical for serious money management.
Drop shipping 2017❌
— Gavin Mayo (@EarnMayo) October 29, 2023
Social media 2019❌
Crypto 2021❌
Young Indian method 2023✅ pic.twitter.com/wSTA3dKvEG
Speaking of FinTok taking jokes too far, a new cunning way to make money known as the Young Indian Method (Yim) is going viral on the internet. The idea of outsourcing all the work from places like India to exploit cheap labor was floated by an influencer as a satirical take on the practice by American corporations, according to The Guardian. But the joke was picked up by other content creators posing as finfluencers, who decided to further glorify the unethical practice. While the method is perfectly legal, it may not be the most earnest way to run a business.
While many deem this unacceptable, the reality is, that outsourcing has been done for years now. “If you see a branded product from Apple, Nike, or whatever, the assembly workers received a very small share of that value,” David Levine — a business administration professor at Berkeley Haas said, via Berkeley Haas Newsroom.
Many wonder if the method helped people make a lot of money. In this Reddit post, the OP u/skinnyznit takes to the subreddit, Go to r/NoStupidQuestions to ask the community if they think the young Indian method exists.
The post reads: "I've heard this around the internet that some people work as a middleman, finding clients and then hire some Indian people to complete the job, which might be kinda exploitative since they don't actually do anything and pay their workers badly, but it probably not illegal since both parties agreed."
Many took to the post and wrote about what they had noticed professionally. One of the top comments read, "This is basically what every big company is doing anyway. Yes, people do this. You open yourself to civil and legal penalties if you lie about who is doing the work. If you don't lie, you're fine. The downside of course is that you get what you pay for." Another another user writes, "I really wanna know how to do it. I see this every day and wanna begin but I don’t know how."
In mid-2023, YouTuber Iman Gadzhi, known for making a lot of money in a few years, started including portions in his videos where he recommended that solo entrepreneurs outsource their labor to countries like Brazil, Romania, and India where the difference in exchange rates would allow them to pay their workers way less than the average wages. However, it was TikToker @enard.ecom who coined the term "Young Indian Method."
As for the trends that are inculcating problematic work ethics among young employees, 'Lazy Girl Jobs' has been called out for promoting the desire for jobs that require little time and effort among Gen Z. While it simply talks about the desire to make a decent amount of money by doing much at work even if it means lowering ambitions, a lot of young professionals took the 'Lazy Girl Jobs' trend seriously.
Another such trend was 'Coffee Badging,' where employees would just come to office to swipe their ID, grab a cup of coffee and be seen by managers, only to leave soon after that. Although the tactic sounds like a prank, a large number of Gen Z were influenced by it and adopted it as a work ethic.