I would love to know the amazing, incredible ideas and decisions made that even come close to making any of the money he is making, taking, and spending worth it.
It’s always incredible how easy it is for companies to pay insane amounts of money to everyone but the hard-working employees.
The company I work for has been consolidating services, contracts, and vendors for several years now. I now see how absolutely out of control this stuff can get and the amount of wasted money that is just thrown at stuff. Yet paying your employees is still not allowed…
I’ve met quite a few aspiring managers for whom the goal of life is to have other people working for they and bringing in the money while they do as little work as possible. I once partnered with a guy on a small business, only to find out he was like this. He kept talking about how his goal was to hire the most junior developers and pay them as little as possible while he only worked 1 hour per week and got to spend time with his family. I’d argue with him that this was exploitation but he called it “working smart”. Then he swindled me out of $20,000, which I guess was also “working smart”, and we parted ways, leaving him richer and me poorer. Lots of people seem to have the weird idea that morals don’t apply to business.
I’m watching The Walking Dead right now and it’s largely about how living under constant threat and competition causes people to become brutal to one another, and some go completely off the rails and become exploitative and cruel, while others hold on to some kind of ethics even after they are forced to do brutal things. Capitalism does something similar to people. Some resist exploiting others, but many have such weak ethics that their instinct for self-preservation and self-advancement crushes the good out of them.
It’s not that it’s not allowed but it’s not required. Labor market is very unequal in information on one hand, where it’s much harder for individuals to know what is their value for the business and how are they doing versus the peers. Then there is strong arming through credit obligations and work + commute time that effectively makes it very prohibitive for people to object.
And so since you can exploit the people, most businesses will. That’s a very easy way to improve your business results.
I would love to know the amazing, incredible ideas and decisions made that even come close to making any of the money he is making, taking, and spending worth it.
It’s always incredible how easy it is for companies to pay insane amounts of money to everyone but the hard-working employees.
The company I work for has been consolidating services, contracts, and vendors for several years now. I now see how absolutely out of control this stuff can get and the amount of wasted money that is just thrown at stuff. Yet paying your employees is still not allowed…
I’ve met quite a few aspiring managers for whom the goal of life is to have other people working for they and bringing in the money while they do as little work as possible. I once partnered with a guy on a small business, only to find out he was like this. He kept talking about how his goal was to hire the most junior developers and pay them as little as possible while he only worked 1 hour per week and got to spend time with his family. I’d argue with him that this was exploitation but he called it “working smart”. Then he swindled me out of $20,000, which I guess was also “working smart”, and we parted ways, leaving him richer and me poorer. Lots of people seem to have the weird idea that morals don’t apply to business.
I’m watching The Walking Dead right now and it’s largely about how living under constant threat and competition causes people to become brutal to one another, and some go completely off the rails and become exploitative and cruel, while others hold on to some kind of ethics even after they are forced to do brutal things. Capitalism does something similar to people. Some resist exploiting others, but many have such weak ethics that their instinct for self-preservation and self-advancement crushes the good out of them.
It’s not that it’s not allowed but it’s not required. Labor market is very unequal in information on one hand, where it’s much harder for individuals to know what is their value for the business and how are they doing versus the peers. Then there is strong arming through credit obligations and work + commute time that effectively makes it very prohibitive for people to object.
And so since you can exploit the people, most businesses will. That’s a very easy way to improve your business results.