Posted on 05/31/2004 4:31:52 AM PDT by Archangelsk
That brings up an interesting point. The girlfriend of a co-worker of mine works at a plastics factory (they do extrusion and injection molding). She has mandatory 12-hour shifts and overtime and works days, shifts and mids on a rotating basis. The money is great but the drain on her life is probably enormous. My point is the following, if I had to do it all over again and got a job like that I would live like a pauper, save and invest every last cent I could and after a 10-15 year period walk away without so much as a word.
The key to this is acquiring a level of discipline that prevents one from being seduced by the siren call of SUVs, DVDs, Plasma Screen TVs, large houses, etc.
Firing half of your employees will certainly do that.
When Motorola let go about 30% of their workforce in 2000-2001, we wondered who had it best: the ones let go, or the ones that stayed.
He might just as well have said "corporate profits increased 87 percent, but the amount the company paid for raw materials increased by just 4.5 percent." The inference behind the statement is absurd on its face.
Assume that you're manufacturing widgets. You spend $100 on materials and $100 on labor to produce X number of widgets, which you sell for $201. Your profit is $1. Now let's suppose you spend $200 on materials and $200 on labor to produce 2X widgets and sell those widgets for $402. Your profit has doubled. Does it then follow that you ought to be paying $400 for the labor it took to generate that profit?
My wife and I are debt-free, which allows us to get by on her $12 per hour job since I have been out of work.
When I get to feeling sorry for myself, I look around and see that I have more "stuff" than my parents and grandparents did. I really have no reason to complain.
congrats on your success.
You know about Blackberrys? Should have bought RIMM back when you discovered Blackberrys.
Look around, plenty of ways to make money work for you...
Yes they are. Right how house building is being taken over by large home building corporations. There are several in Columbus Ohio. These super builders build a thousand houses a year. They don't use hand labor to save on a trencher or backhoe. They own several of each. They can under cut the costs of any small house builder.
The time is not far off when 6 gig PC Processors and 100 gig memory will allow comptuters to take your order at the Fast food joint. It will talk and inner act far better than any minimum wage human at 10percent of the cost. Order takers and burger flippers are going to the way of the telephone operator. In 10 years they will be as much of history as the Check out person at the Supermarket will be. They are going where gas attendant who used to pump gast at the gas station went.
You are looking at today with yesterdays eyes.
In 10 years every check out line and order line in the nation will be computer automated. Your burger will be flipped by a robot not to mention your pizza.
The time is not far off when 6 gig PC Processors and 100 gig memory will allow comptuters to take your order at the Fast food joint. Yeah, my wife's been a medical transcriptionist for 15 years, and she's been hearing the same thing about her job all those years. Sorry, but it's never going to happen with voice recognition technology for the simple fact that when someone sneezes or coughs or says, "Oh, wait, I changed my mind." the computer can't handle it.
But that's beside the point. If millions of burger flippers are no longer needed, they will be the ones out there digging the trenches.
And your burger-flipping robots will be designed in Taiwan and built in China, leaving American engineers unable to afford burgers.
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