Appropriate balance is a critical key to survival and success. Balanced tires create a smoother ride while lengthening the life of the tire. Our very existence relies on the balance of the earth and its rotation in the solar system.
While a certain amount of imbalance can be tolerated, gross imbalance creates a destructive scenario – tires fall apart, societies crumble.
Balance is critical in business, education, and economics. Currently, there is a significant movement toward imbalance in the business and economic world. There is a growing disparity between the rich and the poor. According to the Stanford Center for the Study of Poverty, that imbalance is becoming more significant.
In the current situation there are record profits, record salaries and benefits for top management, yet, high unemployment, and some of the worst wages, and poorest benefits seen in decades for the average worker. According to the Wall Street Journal corporate travel is up 6.2% over last year. And many of those jets are going to resorts. As reported in the Washington Post, the executive paycheck has increased dramatically while worker pay remains low. For example, recently, a job applicant was offered a position by his previous employer at the rate he was originally hired at five years ago. That was below the salary he was paid when he left the company.
Exasperating the situation is a destructive myopic focus by leaders. The desire to achieve the greatest income and profit is focused not into the future, but today. There appears to be an “eat, drink, and be merry, for tomorrow we die” attitude.
Not only is this situation destructive and dangerous for the low end, it is counterproductive for the rich and upper class.
In a tight economic environment, it is critical that people make purchases. Those on the lower end of the financial spectrum are the real purchasers. If they have higher wages and more money to spend, they buy more expensive food, electronics, cars, pay off credit cards, etc.
The rich, on the other hand, are already spending what they need to maintain their livelihoods. They have already paid for their cars and homes. Instead of putting their money back into the system through purchases of goods and services, they are more likely to invest and to an attempt to increase their wealth.
The irony is that if the populace does not purchase goods and services, cannot afford cars and homes, is unable to pay off debts, ultimately, as recently experienced, the economic system plunges. That plunge affects the rich as well as the poor.
Help! The wheel is out of balance. It dangerously wobbles. It is critically important that organization leaders and executives pay attention and accept the responsibility to make a positive difference. It is important that instructors in business teach future focus and responsibility.
While a certain amount of imbalance can be tolerated, gross imbalance creates a destructive scenario – tires fall apart, societies crumble.
Balance is critical in business, education, and economics. Currently, there is a significant movement toward imbalance in the business and economic world. There is a growing disparity between the rich and the poor. According to the Stanford Center for the Study of Poverty, that imbalance is becoming more significant.
In the current situation there are record profits, record salaries and benefits for top management, yet, high unemployment, and some of the worst wages, and poorest benefits seen in decades for the average worker. According to the Wall Street Journal corporate travel is up 6.2% over last year. And many of those jets are going to resorts. As reported in the Washington Post, the executive paycheck has increased dramatically while worker pay remains low. For example, recently, a job applicant was offered a position by his previous employer at the rate he was originally hired at five years ago. That was below the salary he was paid when he left the company.
Exasperating the situation is a destructive myopic focus by leaders. The desire to achieve the greatest income and profit is focused not into the future, but today. There appears to be an “eat, drink, and be merry, for tomorrow we die” attitude.
Not only is this situation destructive and dangerous for the low end, it is counterproductive for the rich and upper class.
In a tight economic environment, it is critical that people make purchases. Those on the lower end of the financial spectrum are the real purchasers. If they have higher wages and more money to spend, they buy more expensive food, electronics, cars, pay off credit cards, etc.
The rich, on the other hand, are already spending what they need to maintain their livelihoods. They have already paid for their cars and homes. Instead of putting their money back into the system through purchases of goods and services, they are more likely to invest and to an attempt to increase their wealth.
The irony is that if the populace does not purchase goods and services, cannot afford cars and homes, is unable to pay off debts, ultimately, as recently experienced, the economic system plunges. That plunge affects the rich as well as the poor.
Help! The wheel is out of balance. It dangerously wobbles. It is critically important that organization leaders and executives pay attention and accept the responsibility to make a positive difference. It is important that instructors in business teach future focus and responsibility.
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