…That mind-set ignores less obvious costs, such as the expense of hiring and training new workers and lost revenue from missed orders…
“Less obvious”?!? Only if you have never actually run a business, or really even had one fucking clue about reality. Any moron who doesn’t understand the cost of having employees is integral to the cost of running a business needs to go back to community college.
Once a manager told my entire department that no matter what we did, everyone would get Meets Expectations or lower on our performance reviews. Of course the layers of upper management all got raises and bonuses, but "things were tight" for the grunts doing the actual work.
The cost of college has skyrocketed. Reminder we have Reagonomics to thank for that, too. The cost of educating college students has gone up roughly at the same rate as the cost of living, because it turns out the people who are qualified to teach at the college level won't work for starvation wages. Meanwhile, the government funding-per-student for both public and private colleges has continually gone down relative to the cost of living, forcing colleges to get a larger portion of their budget from tuition.
I have owned my home for a few years now, but I am worried about this. Once again rich people get richer off the working class but offer nothing in return. This in turn means less real wealth for those who produce it.
I had the pleasure of seeing a "Treat 'em like shit" employer reap their karma.
It was a nickel smelter. The business had been fine when Late Husband had started working for them, but had a change of management. Suddenly employees were being paid the absolute minimum management could get away with, given too heavy a workload, kept shorthanded, micromanaged, treated as disposable...all the good management practices. Of course all the competent employees left, and the place was left with newbies and incompetents.
A standard occurrence in the furnace, is the formation of "turkeys". That's where the ore sticks together into a lump and doesn't melt properly. There are ways of dealing with it. But under the new regime, no one had thought to teach the new workers how to deal with a turkey and they had no idea what to do. So they turned the heat up.
The entire furnace melted. By the grace of god no one was injured, but it was over a week before the wreckage cooled enough to be inspected. It was a total write off. The plant was closed for over 7 months for rebuilding. And of course the company had laid off every single worker the day after the fire, so when the plant finally did come back on track they had to recruit and train an entire workforce from scratch. The operation's still there, but only because it's part of a multinational, multi-billion company that could absorb that kind of inefficiency and loss.
Same thing is happening to primary care MDs- more and more hours of (unpaid) work being piled on. It is not uncommon for people to need to work 14-17 hours a day and 9-12 hrs a day during the weekend. All while pay stays the same and benefits go down. Same for college professors and probably other 'white collar" jobs as well.
…That mind-set ignores less obvious costs, such as the expense of hiring and training new workers and lost revenue from missed orders…
“Less obvious”?!? Only if you have never actually run a business, or really even had one fucking clue about reality. Any moron who doesn’t understand the cost of having employees is integral to the cost of running a business needs to go back to community college.
I always hear it as "HaasenPfeff ."
I know what you mean. I just remember Haffenreffer Beer. What a good show!
Okay, I want a Swedish six hour a day job .
Mr Rogers was right - look for the Helpers
Once a manager told my entire department that no matter what we did, everyone would get Meets Expectations or lower on our performance reviews. Of course the layers of upper management all got raises and bonuses, but "things were tight" for the grunts doing the actual work.
In fact, you can be a capitalist a-hole who cares nothing for nobody and see that something's gotta give.
If it worked for that fascist asshole Henry Ford, it can work for the fascist assholes of today!
The cost of college has skyrocketed. Reminder we have Reagonomics to thank for that, too. The cost of educating college students has gone up roughly at the same rate as the cost of living, because it turns out the people who are qualified to teach at the college level won't work for starvation wages. Meanwhile, the government funding-per-student for both public and private colleges has continually gone down relative to the cost of living, forcing colleges to get a larger portion of their budget from tuition.
Morans who wear Adam Smith ties have never read Adam Smith.
You’re a good man, Charlie Braun.
Schlemiel, schlimazel!
Morans who wear Adam Smith ties have never read Adam Smith.
GRRRR Disgust!
"That's why all those other bosses should pay their people more - so they can buy my stuff!"[later]"Hey! Why can't I find anyone to work for me?"
I have owned my home for a few years now, but I am worried about this. Once again rich people get richer off the working class but offer nothing in return. This in turn means less real wealth for those who produce it.
I had the pleasure of seeing a "Treat 'em like shit" employer reap their karma.
It was a nickel smelter. The business had been fine when Late Husband had started working for them, but had a change of management. Suddenly employees were being paid the absolute minimum management could get away with, given too heavy a workload, kept shorthanded, micromanaged, treated as disposable...all the good management practices. Of course all the competent employees left, and the place was left with newbies and incompetents.
A standard occurrence in the furnace, is the formation of "turkeys". That's where the ore sticks together into a lump and doesn't melt properly. There are ways of dealing with it. But under the new regime, no one had thought to teach the new workers how to deal with a turkey and they had no idea what to do. So they turned the heat up.
The entire furnace melted. By the grace of god no one was injured, but it was over a week before the wreckage cooled enough to be inspected. It was a total write off. The plant was closed for over 7 months for rebuilding. And of course the company had laid off every single worker the day after the fire, so when the plant finally did come back on track they had to recruit and train an entire workforce from scratch. The operation's still there, but only because it's part of a multinational, multi-billion company that could absorb that kind of inefficiency and loss.
Couldn't have happened to nicer people.
Same thing is happening to primary care MDs- more and more hours of (unpaid) work being piled on. It is not uncommon for people to need to work 14-17 hours a day and 9-12 hrs a day during the weekend. All while pay stays the same and benefits go down. Same for college professors and probably other 'white collar" jobs as well.