3 ms·
No this is correct. It’s about the mythical alpha. You can get the 1950s average unit of work out of a person, and maybe get 100 gidgets made in a day. Or yo
by intended 8y ago
No this is correct.
It’s about the mythical alpha.
You can get the 1950s average unit of work out of a person, and maybe get 100 gidgets made in a day.
Or you can figure out how to optimize the assembly line and reduce pee breaks and get the most out of those things you have to pay to employ.
So now in the 2000s, you make 5000 widgets a day, employ fewer people and have identified more places where you can reduce costs to improve shareholder value.
All the fancy lunches at the googleplex and so on, they’re a way to differentiate and keep expensive workers at work.
If a firm found a way to keep high end workers for cheap, then they should do that because that’s their job - to optimize and get the benefits of those optimization’s to shareholders.
In short be a shareholder, not a worker.
- ttwtf 8y ago"If a firm found a way to keep high end workers for cheap" What is a "firm"? Most executives in a company optimize for they own benefit, not for yours, not for the "firms". There is a famous article frm HBR. How to manage your boss https://hbr.org/2005/01/managing-your-boss https://hbr.org/2005/01/managing-your-boss (paywalled but I am sure you can find it for free on the net). You have to make your boss happy. In some cases this may be done by an outstanding performance. In most cases it is done by being a good talker, walking overtime, look busy, give him a blow job under the table, whatever. But it is rarely connected with your real job performance. And again, how to measure performance? Performance for the company or performance for your superior?
- LUmBULtERA 8y ago"be a shareholder, not a worker" This. In 2018 with our current economy, I think this is essential. Unfortunately there are some who won't be able to save and invest much.