The Self Leader Secret
Understanding What Earning a Living Means
I had the pleasure of visiting a highly successful business operation today. This large corporation continues to grow even in these tough economic times. Browsing their Annual Report, the numbers revealed that delivering great products and services will produce profit. What speaks even louder is the fact their happy employees earn a good living and their shareholders receive dividends because the Company produces profit.
What is significant about shareholders receiving dividends?
This means the Company continues to reward those who exchanged money for stock with an expectation of receiving a return on investment (ROI). Simply put, an individual gave dollars, in exchange for a stock certificate, and expected their dollar to grow.Their dollar can grow as the earnings per share increase (company growth), and through dividends a type of bonus. This is how our monetary system should work.A dollar earned should grow not shrink. This is also how your tax dollar should work within Government.
Lately, I’ve been interviewing the public about business. I have learned the number of people who believe it is wrong or bad for a Company to profit is growing.Why is this? Whether a Company or an Individual makes the “hard-earned dollar” grow means the difference of a prospering or failing Country. The bottom-line, if your money isn’t growing, then you are not becoming financially secure and you may be trapped in-a-rut.Why not change this thinking about prospering?Do you believe that “minimum wage” could be a key element to this growing way-of-thinking?
Our current system, of minimum wage jobs, does not lend to financial security.Instead, it lends to massive stuck-in-rut jobs.A mandate is created when government (a few hundred elected officials) regulate the minimum wage for humans to survive on and determine the worth of an individual’s labor. Is this a just system? How can a few hundred people or Government branch decide the minimum dollar we need or should earn?There is no consideration for the cost of living in the area where the wage is earned. This might be complex and constantly changing, yet, if government dictates our wages, then demographic cost of living should be a component of the equation.
Better yet, shouldn’t it be up to the Company to decide if an employee has performed well, and then, give a deserved performance based increase? It is easy to walk into a business and determine who the producers are. Usually their attitudes are better and they don’t fake smiles. This is readily observed by bosses and visitors. Since we can easily spot a happy employee, and it doesn’t take a rocket scientist to see that a gallon of gas or milk varies across our Country, why shouldn’t the minimum wage be determined by each Company? Further, shouldn’t the profits of a Company be part of the equation too?Real numbers have to dictate pay, not a few people.What is earning a good living, to know, we will next determine your tax base.0 comment