AI has the potential to impact all of us. I've been thinking a lot about integration of technology and how that it'll potentially impact me in the next 5-10 years. That stuff will directly impact the decisions I make today.
John Deere strike imminent?
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AI has the potential to impact all of us. I've been thinking a lot about integration of technology and how that it'll potentially impact me in the next 5-10 years. That stuff will directly impact the decisions I make today.
CEOs come in all shapes and sizes guys. Don’t judge them.
Health insurance as a benefit of employment is ridiculous when you think about it. If we forbid group rates for insurance, it would no longer be cheaper for large employers to provide to their employers than it would for small employers or even individual consumers.
The way it stands now, people don't even have a choice as to how they insure their healthcare needs. Their employer gives them a couple or a few options and that is it -- the individual doesn't get to really decide what deductible they prefer to cover their risk tolerance, etc.
We need to be able to AFFORDABLY buy health insurance the same we we insure our homes and cars - each individual determines what they are comfortable in paying (i.e. coverage, premium, deductable, copays, coinsurance) in accordance with their risk tolerance. It isn't very possible in our current set-up because you can't get lower costs without a group rate, so very few people buy their own insurance as a result.
Just as valuable because now they are running logistics on how to replace those workers with others/shipping jobs overseas to places they can get labor cheaper. They'll run the cost/benefit and make the decision best for shareholders ie do their job.
Using this logic they are currently using a less than optimal model now then
I look at it like this, no matter what your position is you are trying to do as little work as possible for as much money as possible and the company you work for is trying to get you to do as much work as possible for as little money as possible.
That might be part of the labor valuation equation, but a far bigger factor for hourly and entry/mid-level salaried workers is supply & demand of the perceived labor skills a company needs to perform a job.
JD workers are counting on a low supply of workers with their skill set.
Are you personally on the hook for it or is the company? Who is at risk? I get it, some of both but since the company is certifying that it is good, they bear the brunt of the responsibility.
To be honest I'm not sure the liability percentage. I know that I could over see qualified welders and that the company was responsible to keep documentation of welding hours etc.
Yes. My buddies and I complain all the time about pro athlete salaries.
Millionaires? There are MLB pitchers that make $1 million---per start.
Right and that's a viable point. What I would say is that all of those possible risks eventually fall to the CEO. A welder is responsible for their work being correct. The CEO is responsible for managing the risk brought on by all work quality from every employee. I get it's not a direct relationship but if the CEO isn't running a tight ship, quality is going to fall and business will suffer greatly. I think it'd be pretty hard to destroy JD from the CEOs office at this point, but you could do real damage if, for instance, you developed a **** excavator or combine line.
Who gives a ****?
As I've gotten older I've really realized how little sense it makes to worry about what other people make.
Oh, I am there with you. I will admit they have a skill at a level that is not common and thus as long as people are willing to pay them for that skill, they should be compensated. I just think the whole entertainment (which sports is just entertainment) venue is out of whack. Reduce salaries of actors and athletes (thus reducing expenses) but must be accompanied by reduced ticket prices (thus reducing income) and owners can still make same profit dollars (on lower cost basis equating a higher margin).
I still don't fault the individuals. If someone wanted to pay me millions to act/sing/play a sport, I would be all over it. Unfortunately, I am not good at any of the things people are willing to pay top dollar for.
I didn't make a statement regarding what they deserve. They deserve to get what they can get. My point is that people saying things like "you can't raise a family on what these guys make" is simply untrue.
Wait. My company is a "family" with a shared culture and dreams??
We don't work here just because we like the people??
I need to have a talk with my manager
Very true, the CEO is responsible for all that.
But then again, how often is a CEO held to that responsibility when things go poorly? Even in the most extreme failures of companies over the last two decades executives have dusted their hands off, walked away, and retired with millions (often hundreds of millions).
You might know the story behind how we stumbled into that system...
During WWII, there were some pretty strict price controls, wage controls, and high taxes, all designed to help pay for the war. Not going to want to litigate if those were good ideas or not, but German and Japanese imperialism sure needed stopping, so there was a worthy goal behind all this.
Workers understandably became very scarce during the war due to so much war production and so many men being sent overseas in the armed services. To get around wartime price controls, companies started offering fringe benefits to workers, one of the main ones being health insurance benefits.
Eventually the war ends. And the IRS has to decide once and for all if health insurance provided by an employer is essentially part of your salary and therefore taxable. They decided not. They did this because the people who had such benefits -- mostly well-off professional and government employees -- liked their tax break, and unions (who negotiated generous benefits for their membership) didn't want that gold-played health insurance plan they just secured all the sudden become taxable income for members.
So the massive tax advantage of having employer-provided insurance was enshrined. Buying health insurance with post-tax dollars is way more expensive than with pre-tax ones.
It's like the world's worse case of herpes. We'll never be rid of it.
But there is a historical chain of events about how we got here.
Totally agree, the Board doesn't hold the CEO to the same accountability as they do a line worker. If I screw up, they push me out the door. A CEO screws up, they get pushed out the door with a golden parachute.
The problem is: 1) you have the good boys club. They are all scratching each others backs and making sure what ever they do, everyone gets a soft landing in their next job. 2) Because there are so many shareholders, many who don't even vote for their board, there is a lack of accountability when things go bad. The Board and the C suite are one in the same. You don't have people like me on boards.
