Do you have a faint idea how long it takes me to find comfortable shoes? Fortunately I know a good shoemaker so I don't have to wear those atrocities you get in shoe stores, but even though he's a magician and can actually fabricate shoes that fit, it's still not "my" shoe for quite a while.
Mostly, yes. I need that feeling that what I do is actually productive and useful. I have that and still make more money than I can spend, so why trade it for a job that would make me unhappy?
Job creation and getting the money flowing depends both on the same thing that is apparently anathema today: Putting money on the demand side, i.e. increasing worker wages. Only if people have the money to buy something you can sell something, only if there is a demand for goods and services companies have to hire more people to do the work to produce those goods and services.
Allow me to clue you in how these boards work. What you find in those boards are usually three kinds of people: Those that founded the company, they get increasingly rare in most older corporations. Then there's politicians that did something for the corporation and received this as a thank-you for a relevant law change. They're basically there to get money, you rarely really get to see them at board meetings.
And finally you have a few CEOs from other corporations. And your CEO sits in a few boards of those corporations.
Can you probably guess why CEO salaries go up WAY beyond any kind of inflation?
Probably for the same reason I, over here in Europe, are happy with earning about 1/5 or even less of what I'd make in the US with what I can do: Comfort.
You know, I enjoy being able to go out on the street and know that I won't get mugged just because I went to the wrong part of the town. It's also comforting to know that if I get sick, I will be treated and I will be treated in any hospital I go to, not just whatever my insurance company has a contract with. I also enjoy a month or more of paid vacation time. I also enjoy working in an environment that isn't more like a prison than an office. I enjoy the occasional beer for lunch in the office with my boss.
I did work in the US for a while. A short while. The US is a bit like Disney World for the average European. A great place for a vacation and you can easily spend a fortune there on fun, but you don't want to work there if your life depended on it.
Most people get paid based on what someone else thinks the value of their product is. Because else politicians and clergy would be out in the street begging for money, along with a lot of CEOs.
Their salary is based on what they themselves think the value of their product is. That's why they don't sit on the curb but in a private jet.
This is something Henry Ford (clearly a marxist-leninist theorist) already knew. He paid his workers roughly twice the salary they could get anywhere else because he knew that not only he would easily get the best workers that way (since everyone wanted to work for Ford at those conditions, he could easily hijack the best workers from other factories), his retention was near perfect (who'd want to lose that job?) and moral was of course high. And on top of all that, he knew that everyone wanted his products, so workers did actually save up their money and could eventually buy a Ford car themselves, essentially meaning that Ford paid his workers in his own products, turning them in turn into his biggest advertisers since, well, if people working there want to have one, it has to be a good car, who'd know better than the people making it?
You will notice that countries that have minimum wages, or at least where low wage earners can still afford more than the bare minimum needs, got hit a lot less heavily by the 2008 recession blow, simply because there was still money around to be spent and to keep the economy going. Because it does not matter how cheaply you can produce, what matters is that you can sell what you produce. If the amount of people who actually have money to buy your products is low, the price of your product doesn't matter at all, you still won't sell much.
You know this is Slashdot, right? Dammit, if you're wrong you start making excuses and tack on some ridiculous explanations why you're still right. You don't just say I was wrong, you're ruining the game.
I mean, seriously, how should we now have fun debunking you and ridiculing you for not admitting when you're wrong?
This is basically the model that's quite common in Europe. Don't pay any tax for the first 1000 bucks you earn. Pay about 5 or 10 % for the next 1000 bucks. This goes on for quite some time and for anything above 6000 or so you pay about 50%.
That's basically the tax model of a large portion of Europe. Yes, it means that I pay more in tax than about 50 minimum wage earners combined, even though I don't earn 50 times minimum wage, but at least all of us can actually live off that income.
Slashdot Mirror
Ah, so we have arrived at step 3 already? Wow, didn't take long.
I'd guess step 4 is due in about 2-3 years, then?
Yeah, you get rich by telling people that they're doomed if they continue to fuck up.
I prefer being taken to hospital by an ambulance to being sent there by guns.
Sorry. I was talking about monthly, not annually. We tend to give our salaries per month. Mostly because extra pay and bonuses are taxed differently.
And you might notice that the "great old times" most Americans are longing for is exactly that period.
Ah, so kinda like how "bringing freedom" took on the meaning of "creating a breeding ground for ISIS"?
Do you have a faint idea how long it takes me to find comfortable shoes? Fortunately I know a good shoemaker so I don't have to wear those atrocities you get in shoe stores, but even though he's a magician and can actually fabricate shoes that fit, it's still not "my" shoe for quite a while.
Besides, I hate shopping for clothes.
Mostly, yes. I need that feeling that what I do is actually productive and useful. I have that and still make more money than I can spend, so why trade it for a job that would make me unhappy?
With Tesla, as with any religion, Poe's Law is in full effect.
What does this have to do with anything?
Job creation and getting the money flowing depends both on the same thing that is apparently anathema today: Putting money on the demand side, i.e. increasing worker wages. Only if people have the money to buy something you can sell something, only if there is a demand for goods and services companies have to hire more people to do the work to produce those goods and services.
But that's apparently not what we want.
I wouldn't mind the golden parachutes so much if they actually had to test drive them by being dropped from the top floor of the building.
Allow me to clue you in how these boards work. What you find in those boards are usually three kinds of people: Those that founded the company, they get increasingly rare in most older corporations. Then there's politicians that did something for the corporation and received this as a thank-you for a relevant law change. They're basically there to get money, you rarely really get to see them at board meetings.
And finally you have a few CEOs from other corporations. And your CEO sits in a few boards of those corporations.
Can you probably guess why CEO salaries go up WAY beyond any kind of inflation?
Probably for the same reason I, over here in Europe, are happy with earning about 1/5 or even less of what I'd make in the US with what I can do: Comfort.
You know, I enjoy being able to go out on the street and know that I won't get mugged just because I went to the wrong part of the town. It's also comforting to know that if I get sick, I will be treated and I will be treated in any hospital I go to, not just whatever my insurance company has a contract with. I also enjoy a month or more of paid vacation time. I also enjoy working in an environment that isn't more like a prison than an office. I enjoy the occasional beer for lunch in the office with my boss.
I did work in the US for a while. A short while. The US is a bit like Disney World for the average European. A great place for a vacation and you can easily spend a fortune there on fun, but you don't want to work there if your life depended on it.
You call someone swindling government and investors out of money with empty promises an enabler?
I call that a con man.
Most people get paid based on what someone else thinks the value of their product is. Because else politicians and clergy would be out in the street begging for money, along with a lot of CEOs.
Their salary is based on what they themselves think the value of their product is. That's why they don't sit on the curb but in a private jet.
Why would I want to make more money?
This is something Henry Ford (clearly a marxist-leninist theorist) already knew. He paid his workers roughly twice the salary they could get anywhere else because he knew that not only he would easily get the best workers that way (since everyone wanted to work for Ford at those conditions, he could easily hijack the best workers from other factories), his retention was near perfect (who'd want to lose that job?) and moral was of course high. And on top of all that, he knew that everyone wanted his products, so workers did actually save up their money and could eventually buy a Ford car themselves, essentially meaning that Ford paid his workers in his own products, turning them in turn into his biggest advertisers since, well, if people working there want to have one, it has to be a good car, who'd know better than the people making it?
You will notice that countries that have minimum wages, or at least where low wage earners can still afford more than the bare minimum needs, got hit a lot less heavily by the 2008 recession blow, simply because there was still money around to be spent and to keep the economy going. Because it does not matter how cheaply you can produce, what matters is that you can sell what you produce. If the amount of people who actually have money to buy your products is low, the price of your product doesn't matter at all, you still won't sell much.
What? What did you just post there?
You know this is Slashdot, right? Dammit, if you're wrong you start making excuses and tack on some ridiculous explanations why you're still right. You don't just say I was wrong, you're ruining the game.
I mean, seriously, how should we now have fun debunking you and ridiculing you for not admitting when you're wrong?
Spoilsport.
Over here in Europe, we prefer the unambiguous 7.017,--
Unfortunately I don't have modpoints.
This is basically the model that's quite common in Europe. Don't pay any tax for the first 1000 bucks you earn. Pay about 5 or 10 % for the next 1000 bucks. This goes on for quite some time and for anything above 6000 or so you pay about 50%.
That's basically the tax model of a large portion of Europe. Yes, it means that I pay more in tax than about 50 minimum wage earners combined, even though I don't earn 50 times minimum wage, but at least all of us can actually live off that income.
Pinochet was installed by the CIA, which works for the USA. What's that got to do with advanced democracies?
Anyone got some bleach for my eyes?
That needs to be verified. Let's do an empiric study.
Not really, it sounds like something where you have to wear really silly looking spandex suits.