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Overtime
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<blockquote data-quote="John Roberts" data-source="post: 104460" data-attributes="member: 126"><p>Re: Overtime</p><p></p><p></p><p>We all want more money, and some people are in a difficult position wrt quitting if they have family and responsibilities. While we complain about the poor job market, in some regions there are skilled jobs that go unfilled. I believe that some large fraction of people who want jobs could be trained to work in these unfilled positions. Another fraction can not. The best we can do is offer the opportunity for people to work, not guarantee them a good result. </p><p></p><p>I would phrase that differently... You may get hired because of your skills (or degree, or experience), but you get paid for creating value. For the relationship to be sustainable, every worker must create more value for their employer than they get paid, or the business will not continue. </p><p></p><p>I'm sure I irritate some people but I am fascinated by economics, while it is what I call a soft science.... Not like chemistry and physics, where there is only one result and the mechanisms are pretty well understood. As the old joke goes if you want three opinions ask two economists. While a "soft" science and we can argue about details the, the gross influences of economic incentives is difficult to ignore. I see the current economy as the expected result of current policy and perverse incentives created that are slowing growth. If it wasn't for an unstoppable fracking energy boom (and they have tried to stop it too), we would be in far worse shape. So perhaps acting with good intentions but creating the opposite result. </p><p></p><p>They weren't running a very tight ship were they? I recall when I was in the army, I wanted to live off base, but being single and lower rank, I was not allowed to. So what I did was go on leave for a few weeks and give up my bunk in the barracks (which somebody else moved into almost immediately). After I came back from leave, I just never moved back into the barracks. As long as I showed up for the morning formation on time, nobody was the wiser. My platoon sergeant (not the sharpest stick in the bunch) finally figured out what I was up to, a couple months later. By then he was too embarrassed to turn me in, because he would have to admit he didn't notice me missing from the barracks for a few months. <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f642.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":-)" title="Smile :-)" data-smilie="1"data-shortname=":-)" />... </p><p></p><p>JR</p></blockquote><p></p>
[QUOTE="John Roberts, post: 104460, member: 126"] Re: Overtime We all want more money, and some people are in a difficult position wrt quitting if they have family and responsibilities. While we complain about the poor job market, in some regions there are skilled jobs that go unfilled. I believe that some large fraction of people who want jobs could be trained to work in these unfilled positions. Another fraction can not. The best we can do is offer the opportunity for people to work, not guarantee them a good result. I would phrase that differently... You may get hired because of your skills (or degree, or experience), but you get paid for creating value. For the relationship to be sustainable, every worker must create more value for their employer than they get paid, or the business will not continue. I'm sure I irritate some people but I am fascinated by economics, while it is what I call a soft science.... Not like chemistry and physics, where there is only one result and the mechanisms are pretty well understood. As the old joke goes if you want three opinions ask two economists. While a "soft" science and we can argue about details the, the gross influences of economic incentives is difficult to ignore. I see the current economy as the expected result of current policy and perverse incentives created that are slowing growth. If it wasn't for an unstoppable fracking energy boom (and they have tried to stop it too), we would be in far worse shape. So perhaps acting with good intentions but creating the opposite result. They weren't running a very tight ship were they? I recall when I was in the army, I wanted to live off base, but being single and lower rank, I was not allowed to. So what I did was go on leave for a few weeks and give up my bunk in the barracks (which somebody else moved into almost immediately). After I came back from leave, I just never moved back into the barracks. As long as I showed up for the morning formation on time, nobody was the wiser. My platoon sergeant (not the sharpest stick in the bunch) finally figured out what I was up to, a couple months later. By then he was too embarrassed to turn me in, because he would have to admit he didn't notice me missing from the barracks for a few months. :-)... JR [/QUOTE]
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