3 ms·
We’ve assumed an 8-hour work day, but any owner of a consulting company will tell you this rarely happens. Oh sure, founders work 60-80-hour weeks, but not empl
by bbor 3y ago
We’ve assumed an 8-hour work day, but any owner of a consulting company will tell you this rarely happens. Oh sure, founders work 60-80-hour weeks, but not employees.
Ok a) 8*5=40<60, b) how can anyone read this and not think “jeez this whole owner-employee system sure seems broken”. Imagine how much easier it would be to motivate people if they also had a stake in the profits
- nowbabynow 3y agono all employees are solving for max pay though (whether through salary or profits). for many, maximizing utility is maximizing leisure... ie if you pay more / give folks more profits, they may very well choose to work less.
- antisthenes 3y agoYou can be maximizing your hourly rate AND maximizing leisure at the same time. You're confusing max pay with working more hours, whereas in reality no one actually wants to put in more hours, and in many cases those employees that put in most time is a negative signal showing their inefficiency.
- 01100011 3y agoThis. Many of the folks I worked with liked 35 hour weeks and stayed in consulting because they were avid cyclists/surfers/hikers/etc. The sort of folks that like high pay and poor work/life balance end up at big valley companies in my experience.
- cbsmith 3y agoMeh. Big valley companies isn't the right criteria. There are "lifestyle businesses", and then there are other businesses. People do tend to make a conscious choice between the two.
- cbsmith 3y agoI read it and didn't think that, because the article mentions you can indeed incentivize employees to work longer hours by splitting the excess proceeds with them.