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I am a "wage slave". I hope my employer does well. Given the raises I have received, and the nice vehicle he drives, I assume things are well. I have no other way of gauging the company's health, other than the volume of work we have taken on. Again, all seems well, as we have been busier than ever. That is the strongest indicator I have available. Should I break into his office and begin rummaging though his financial info? The "suits" are always in the know regarding their company's standing. It great info to have. .
We share our financial results with everyone..including shop floor employees..on a quarterly basis with about a 30 minute meeting, and a 90 minute , more extended one annually.
Despite our size, we're business casual.. I wear a suit for awards dinners and the like..perhaps twice a year.
. If things are as rosy as you claim, I would hope some consider moving north for the higher wages. .
Between good pay for our skilled staff, tremendous security, and stellar benefits (as in 401k well over $1 employer per $1 employee..even blue collar, and superb Health Insurance at low costs to employees,), plus low cost of living..they wouldn't consider it. Our COL to the national average indexed is under 75 cents cost per dollar nationally.
Just like management staff, there is good and bad. It's the crooks that have spoiled the reputation of the work you do.
This is more true than most people realize. The people who are scumbags are less than 1% of the industry. The honest investor simply doesn't make a good news story, and the average person assumes news is reported fairly.
GDP growth is almost entirely attributable to fiat money printing and increased debt since WW2. The main productivity gains have been in central bank printing presses.
We have 2 cars now because of debt. We have college degrees because of debt.
In 1940, a high school diploma would provide you a middle class lifestyle. Now, a degree and 50K of debt gets you the equivalent.
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