Is low morale just an HR issue, or a macroeconomic crisis? Gallup's *State of the Global Workplace* report puts a price tag on disengagement: **$8.9 trillion**. This represents approximately **9% of global GDP**. The report highlights that disengaged employees are not just "unhappy"; they are actively unproductive, creating a massive drag on economic output. For a singular company, this macroeconomic statistic translates into a "Productivity Tax" that eats away at margins before they can even be booked.
https://www.gallup.com/workplace/349484/state-of-the-global-workplace.aspxWe view the macro-economy as a collection of micro-cultures. If the global average cost of disengagement is 9% of GDP, then a company with high engagement is effectively receiving a **9% subsidy** relative to its peers. We invest in high-engagement firms because they are not paying this hidden tax. They are capturing the productivity that their competitors are losing to friction and apathy.
Invest With Us








Stop choosing. Start compounding the kind of capital you're proud to own.
We offer digital onboarding with a simple online form — you can have a fully-funded Archalos account in just a few days, custodied at Charles Schwab or Fidelity.