No from what I have seen the American "capitalist" model is hire as few people as you can pay them as little as you can get away with. There will always be people to replace those that get fed up and leave.
Our system is not fine. That is clear.Maybe they should hire the $15/hr deserving high school dropout burger flippers at $25/hr so they can really support themselves well instead of the cream of the crop...
So what I've suggested several times here about the system is fine, but the rules are broken...?
So they punished the admins because the attorneys were not performing well? Yeah that sounds like Reaganomics to me. The guys at the top make out while the workers suffer.I can't see Joe Blow Average American wanting to pay a lot more in taxes for benefits-for-all in a more socialist economy.
A very liberal friend of mine is partner and president of a law firm in CT. He finally got fed up with some of the attorneys not pulling their weight. His group in the firm, worker's compensation, was very successful and disproportionately funding the entire firm.
He implemented a much more compensation-for-performance system. Attorneys not needing a fulltime admin will have to share admins.
I commented, "how very Reagan of you." he laughed.
You just posted about democratic socialism, how that is how this country has worked for a long time, how neither pure capitalism nor pure socialism works, we just need more social programs...?
The basic idea of our system is good. But just about everything about how it is executed is wrong for all but those at the very top. And it has been that way for decades. To me that means a broken system.
I beleive you said the attorneys weren't pulling their own weight. In response he fired some of the admins. How am I wrong there?
If it was all about the admins why did you say the attorneys were not pulling their weight? To me if the attorneys are not pulling their weight why not make them do it of get rid of them?Attorneys not needing a fulltime admin will have to share an admin. If two attorneys only need a part-time admin, why should the company pay for two fulltime admins?
A former boss came back to the U.S. after running our European Technology Center in Liege, Belgium. He's the boss I mentioned in the COVID-19 thread. Great guy. Great boss.
He noticed a group of people that was always sitting in the cafeteria playing cards and drinking coffee. He asked why they were always there.
He was told that the government's goal is zero unemployment. They have to be kept on the payroll to do business in Belgium even though there is no work for them to do. Great economic system, huh?
I see this a lot. Must be true as 50 to 80% according to reports of americans are living week to week. And just whose fault is that. Most of the people buying and renting houses from me make a higher annual salary than i do but also live paycheck to paycheck. I wouldnt blame the Govt. for that or minimum wage or "society",most of them make well over min wage anyway. No wonder they are not prepared for retirement. Or any other kind of emergency(like this one) . Its about personal choices.
You are definitely in the minority if you have savings. I would say everyones life is more based on what they spend rather than what they make. A wise man once said "Strive to live on a fracton of your income, save and invest the rest". A very good formula for success.
Its definitely a balance. The other extreme is a close family member,regular job but has managed to amass a few million in stocks. I keep wondering when he will break out and buy something. Until now it hasnt happened. Mid sixties heavy smoker. I guess his kids will show him how to enjoy that at some point. Definitely in the minority though ,that kind of austerity. But you have to consider what kind of bailouts should be considered when its Govts or citizens that do not plan for emergencies or short term income gaps.
One of the best books I read on this was: Your Money or Your Life by Vivki Robin and Joe Dominguez. Give a copy to your kids too.
Yea its just common sense mostly, but unfortunately it looks like 50 to 80 % of the country DOES need a book or some other incentive to live within their means cuz they certainly are not doing so otherwise. Emergencies of all kinds will happen, you can count on it. There is actually a book called "Life for dummies" . Another one called "Life skills 101" i guess to get out of your parents basement.
