by Matthew Stollak on Friday, December 30, 2011
It is winter break where I work, which as given me a little time off, and an opportunity to catch up on a little TV and pop culture.
The latter half of 2011 was dominated by #occupywallstreet and its various spinoffs throughout the U.S. Anger as a result of stagnating wages, growing income inequality, and an uneven playing field resulted in many rising up in protest. However, those under attack have had enough. A fascinating piece by Max Abelson in Bloomberg highlights the perspective of the more economically fortunate:
Home Depot co-founder Bernard Marcus says “Who gives a crap about some imbecile?” “Are you kidding me?”
Happy New Year everyone.
by Matthew Stollak on Thursday, December 1, 2011
I love this!
At the recent Republican Governor's Association meeting in Florida, Republican strategist Frank Luntz was trying to assist Republicans on how to address the growing dissatisfaction represented by Occupy Wall Street.
One such way is to focus on "jobs" rather than "careers." According to Chris Moody, the conversation should go as follows:
4. Don't talk about 'jobs.' Talk about 'careers.'
"Everyone in this room talks about 'jobs,'" Luntz said. "Watch this."Luntz further goes on to say:
He then asked everyone to raise their hand if they want a "job." Few hands went up. Then he asked who wants a "career." Almost every hand was raised.
"So why are we talking about jobs?"
Don't say 'bonus!'I love this...with millions unemployed and unable to find work, and countless others trying to make ends meet by holding 2 (or more) jobs, the answer to our economic woes is the continual Orwellization of the struggle.
Luntz advised that if they give their employees an income boost during the holiday season, they should never refer to it as a "bonus."
"If you give out a bonus at a time of financial hardship, you're going to make people angry. It's 'pay for performance.'"
- It's tough to talk about careers when people need a job first
- It's tough to talk about careers, when its not "careers" being outsourced to other countries
- Why talk about "pay for performance," when executives get the same "performance" enhancements at the same time each year?
- Careers are long-term. They involve expectations of the future. Most people are looking for work today.
- People definitely want careers, but the current economy make it tough to turn a job into a career.
- Jobs are temporary; careers involve commitment by an employment partner.
by Matthew Stollak on Monday, November 28, 2011
In this weekend's New York Times, Floyd Norris highlighted the latest statistics for workers and corporations. He writes:
In the eight decades before the recent recession, there was never a period when as much as 9 percent of American gross domestic product went to companies in the form of after-tax profits. Now the figure is over 10 percent.Accompanying his article, were a number of charts, including the below to highlight his point:
During the same period, there never was a quarter when wage and salary income amounted to less than 45 percent of the economy. Now the figure is below 44 percent.
For decades, the success of workers and corporations were intertwined. As corporations did well and had high profitability, benefits expanded and wages increased. A rising tide lifts all boats, right?
In the 1910s, Henry Ford knew if workers worked long hours at low pay, they could neither afford nor consume the product they were making. So, he lowered the work day to 8 hours and the work week to 5 days, while offering $5 a day in wages (doubling wages). Check out his thoughts here.
When did organizations decide that workers no longer deserved to share in the success of the organization?