C. O. Thompson wrote:Odd that the "bean counters" are cost center labor in that you don't need one to get your widgets out the door but... they conveniently overlook that while telling you to cut the QA Dept or the Line Maintenance Crew...
I had a boss who said he would rather have a healthy bottom line than a flashy quarterly report.
Education and experience are undervalued for long range plans and when the seniority of the experienced worker also equates to higher pay... the modern trend is to down size and hire someone straight out of school.
We have lost nearly 5,000,000 factory jobs in the US since 2000WeirdlyWired wrote:Some time in the 90s the bean-counters decided employees were liabilities on the P&L, expenses on the ledger sheet. Education and experience had no value. Hire employees for as cheap as you can.
IMO, that is one smart boss. Is his company public, if so, can you provide a name or ticker symbol? IMO automation, etc. is going to increase the importance of good investing, and decrease that of being a good employee. There will also be an increase in the number of people who follow the "Mother Earth News" pattern of producing necessities outside the money economy. I'm doing some of both.
I graduated from LeTourneau, which started when RG LeTourneau decided his worker's skills needed upgrading (IIRC, in the 20s or 30s) and provided night schooling for them. Later he had a chance to start a technical school about half a mile from his newest factory. It is now a technically oriented university with a good reputation among many employers. Many of us worked our way through college at the factory. The teachers had a reasonable tolerance to night shift workers who fell asleep in class, provided they kept their grades up
The primary system was allowing us to work three days a week and go to school the other three days - for some of us that didn't provide enough income, hence the sleepiness