Friday, October 14, 2011

You ARE being paid enough!

Whether you like it or not, the truth is that your job really does pay you enough! You see employers will only pay you enough money to keep you working, and not a shilling more. The fact that you show up every morning means that you are, in fact, being paid enough. It sounds harsh I know, but this simple rule applies whether you are making minimum wage or six figures. The business is all about maximizing the return on investment, and this is why no prudent businessman would knowingly overpay for production inputs. In a sense, you are that input because to the business
all your skills, acumen, attitude, network, connections, disposition, even your looks are rolled up into one package that the business acquires/rents in return for a monthly salary.

It so happens that eons ago, some rocket scientists in the corporate world figured out that money was the only reason that anyone would be willing to work for them and so over time it came to pass that the jobs that were the most stressful, or worst for your family etc were also generally the highest paying. So be careful what you wish for…

In case you don’t believe me and have this sudden urge to storm into your boss’s office and demand a raise, please reflect on this scenario first. Imagine a production process whose sole purpose is to manufacture a widget and that production of said widget requires input of a number of raw materials. Such is the demand for the widget that the owners of the factory are planning to expand regionally and perhaps even globally. If suddenly it emerges that there is an impending shortage of one of the raw materials required to produce widgets, what do you think would happen?

Would they;
A.    Agree to buy the scarce resource at several times above the going rate OR
B.    Start looking for a suitable substitute for the scarce resource

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