28 February 2006

On Working #2

There seems to me to be two ways a person can become rich whilst employing others to work for them. They could offer sufficient rewards for their workforce to work harder, to be more efficient, more productive. Not just incentives to hit targets but a good wage for a good days work. Therefore as they become richer so do those that work for them. This, surely, will make the workers more motivated which in turn leads to them making more money. And so the whole thing will grow.
On the other hand they could get rich by exploiting those that work for them. Using threats and punishments and the fear of job loss to drive the workforce. Yes this will make the employer more money but is it self-driving? Personally I don’t think so.
So we can either have a system where the employer can become very rich indeed. And so can the workforce. Everyone wins. Or we can have a system where the employer can become merely rich. And quite probably hated by their entire workforce. It would seem evident to me that the first system is the best. By a long way! So why is the second system the one that is the most widespread? By a long way? Maybe, just maybe it is because when everyone is rich, no-one seems rich!

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