Redefining Profit
The core problem with our society (and why we can't seem to get good leaders) is that we value profit. I think that a conversation can be had about redefining what profit means. When an investor hears the words “a company has high profits” they invest in it. However, when a regulator hears the words “a company has high profits” they need to look into that company. Here is why. In a perfectly functioning market, the cost of ANY good from houses to generic drugs would be driven down by competition. The perfectly functioning market would have 0 profits. All goods would be the cost of labor plus the cost of materials, advertisement, storage and transport split out among all goods sold. 100% of all produced goods would be sold, there would be 0 waste, and 0 profit. In other words, profitability is a measure of how inefficient the markets…
A bit of background, McDonald’s never paid for my last 11 hours I’ve worked and I’m in the middle of filling out a claim, would you say it’s advised that I have a lawyer look over it before sending it out or would I be fine?
Reserving some details to avoid giving identifiable information: I am outside the USA, the company I work for hired me a while ago to replace someone from there, let's call them Sam. My role was to replace Sam and eventually do the same tasks for Europe and eventually Asia. Sam did not do the tasks alone, he had some people under him to distribute the load and coverage (otherwise he wont be able to sleep). Sam has been moved to a new job with fewer responsibilities (before in charge of all Americas, now only a single subsidiary). I am happy for him since he has kept his same salary. Sam is a great guy, he understood that I am not his enemy that this was due to the company management, he has trained me well, he has made himself available to be consulted on stuff that happened in the past,…
Sorry, I just have to vent. Granted, he's in China and is working for a company started by his childhood friend, who now retired and now is now being run by his boss's spoiled son. I met his son when he was studying abroad in the US several years ago and although he seemed like a nice guy, it was pretty clear from his mentality that he's had a silver spoon to his mouth all of his life while the ppl working for him are working for free for months. Is this normal even for China? If this happened in the US, you could take your employer to court after your paycheck is late for a few days. I thought they had the lying flat movement in China though it's mostly my generation…
I was so looking forward to not working for a little bit. This entire week I felt incredibly excited that this would be my last week doing monotonous “Light duty” which is essentially just walking around and standing in place for what could be 8 hours at a time. My manager approached me last night saying how he didn't want me to be out of work that long, and he's gonna make a corporate call to see if he can bat for me to stay working until my surgery. My heart sank into my stomach and I've lost all excitement and morale. I thought I was going to be able to LIVE my life for a minute. 🙁
How much can I, or they, want to know? 4hrs is so long. Uhhhh so frustrated about it. It’s a university recruiter position.