<div dir="ltr"><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:small;color:#000000"><br class="gmail-Apple-interchange-newline"><span style="color:rgb(34,34,34);font-family:Arial,Helvetica,sans-serif;font-size:18.6667px">I get it: if I were young now, I would work for peanuts spike</span><br></div><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:small;color:#000000"><span style="color:rgb(34,34,34);font-family:Arial,Helvetica,sans-serif;font-size:18.6667px"><br></span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-size:18.6667px">I did work for peanuts - $5000 a year but with a faculty apt. that cost me $60 a month. I had a chance to go to a big time school, publish or perish, etc.,and also a local TV show as a permanent guest (and who knows what from there), and decided I just wanted to teach students, and so I turned down possible fame and fortune and billions of people treating me with adulation and offers of sex and free jet rides, and all the rest. I was a conservative then and a Baptist. If you can believe that.</span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-size:18.6667px"><br></span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-size:18.6667px">I am thrilled that I did what I did bill w</span></div></div><br><div class="gmail_quote"><div dir="ltr">On Fri, Oct 12, 2018 at 9:09 AM <<a href="mailto:spike@rainier66.com">spike@rainier66.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div lang="EN-US" link="blue" vlink="purple"><div class="m_-40019314449886332WordSection1"><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><b>From:</b> extropy-chat <<a href="mailto:extropy-chat-bounces@lists.extropy.org" target="_blank">extropy-chat-bounces@lists.extropy.org</a>> <b>On Behalf Of </b>William Flynn Wallace<br><b>Sent:</b> Friday, October 12, 2018 6:20 AM<br><b>To:</b> ExI chat list <<a href="mailto:extropy-chat@lists.extropy.org" target="_blank">extropy-chat@lists.extropy.org</a>><br><b>Subject:</b> Re: [ExI] idea<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:#222222">I am not a CEO, I am only a rocket scientist.</span><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222"><u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:#222222">spike</span><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222"><u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:#222222">Very dry, sir, positively Saharan.</span><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222"><u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:#222222">Now why can't paying the highest for employees be compatible with a different strategy for the CEO? bill w<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt"><u></u> <u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">You can do that BillW, but my point is that competent leadership is still going to cost skerjillions of bucks. Top executive talent will go where the pay is best. Maximizing profits (the company’s and their own) is how they got that skillset to start with.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">Paying higher than standard has been done. Henry Ford did it successfully. He had a new-ish technology in a new industry, and paid his men way higher than they could make elsewhere. That worked for a while.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">I live in an area where that strategy generally isn’t followed: they pay what the labor costs, yet they still get good people. Reason: good people will take those jobs and do the hell out of them.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">We hear all the flapping about immigration, but a quieter aspect of that whole question isn’t talked about so much: highly skilled and highly educated people with money can generally come to the states and get their immigration legally. They do. My own area has really filled up with smart ambitious Chinese and Indian people, here on H1B and other temporary immigration arrangements. They take up jobs paying way below what many would consider below a practical living salary. They cram into a tiny apartment with nothing in it besides beds, and live the Silicon Valley life. Shrugs. <u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">With that eager and willing labor pool available, paying above the supply-set standard might make more problems than it solves.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">On the other hand…<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">Companies can find ways, a good CEO and find ways, to make their company appealing. Steve Jobs was a master at this. By all accounts he was a total asshole, but somehow managed to surround himself with people who shared his vision. So these innovative outfits such as Tesla and Apple can pay starvation wages and still get people to cram the PR department with excellent resumes, if… if they can provide interesting work.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">I get it: if I were young now, I would work for peanuts, provided the work is interesting. I would choose that over a high-paying boring job.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">Tesla is training skerjillions of Indians and Chinese how to make good electric cars. Apple is training them to make good computers and write good software. There is no reason to pay them enough to rent an actual apartment, ja? In the long run, we all win.<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:14.0pt">spike<u></u><u></u></span></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal"><u></u> <u></u></p></div></div><p class="MsoNormal"><u></u> <u></u></p><div><div><p class="MsoNormal">On Thu, Oct 11, 2018 at 7:57 PM <<a href="mailto:spike@rainier66.com" target="_blank">spike@rainier66.com</a>> wrote:<u></u><u></u></p></div><blockquote style="border:none;border-left:solid #cccccc 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-right:0in"><div><div><p class="MsoNormal"> <u></u><u></u></p><p class="MsoNormal"> <u></u><u></u></p><p class="MsoNormal"><b>From:</b> extropy-chat <<a href="mailto:extropy-chat-bounces@lists.extropy.org" target="_blank">extropy-chat-bounces@lists.extropy.org</a>> <b>On Behalf Of </b>William Flynn Wallace<br><b>Subject:</b> Re: [ExI] idea<u></u><u></u></p><p class="MsoNormal"> <u></u><u></u></p><div><div><p class="MsoNormal"> <u></u><u></u></p><p class="MsoNormal"><span style="font-size:14.0pt">>>…Sounds like a great place to work. Who steers the ship? Why does she steer the ship?</span><u></u><u></u></p><p class="MsoNormal"><span style="font-size:14.0pt">>>…spike</span><u></u><u></u></p><p class="MsoNormal"><span style="font-size:14.0pt"> </span><u></u><u></u></p><p class="MsoNormal"><span class="m_-40019314449886332m3067357911229098399gmaildefault"><span style="font-size:12.0pt;font-family:"Comic Sans MS";color:black">>…Ah, there's the rub. IN today's climate high level management people are given enormous golden parachutes in addition to giant salaries. This may be a trend that is hard to modify</span></span><span class="m_-40019314449886332m3067357911229098399gmaildefault"><span style="font-size:12.0pt;font-family:"Comic Sans MS"">…<span style="color:black"> </span></span></span><u></u><u></u></p><p class="MsoNormal">>… <span class="m_-40019314449886332m3067357911229098399gmaildefault"><span style="font-size:12.0pt;font-family:"Comic Sans MS";color:black">bill w</span></span><u></u><u></u></p><p class="MsoNormal"><span style="font-size:14.0pt"> </span><u></u><u></u></p><p class="MsoNormal"><span style="font-size:14.0pt">Ja. Big companies compete with each other for high-level management talent. If your company took all those millions it pays the CEO and distributed it to the lower-level workers, your company will soon be run by an incompetent CEO that no one else would hire, the one that replaced the previous CEO who left for high wages at your competitor. Your company is quite unlikely to survive for very long.</span><u></u><u></u></p><p class="MsoNormal"><span style="font-size:14.0pt">The whole notion fails to take into account that CEOs are not in direct competition with lower level workers. Lower level workers compete against each other, CEOs compete against each other, companies compete against each other. When I worked in engineering at Lockheed, my salary was influenced by the salaries of similarly skilled rocket scientists at Boeing, not by what the CEO made. I am not a CEO, I am only a rocket scientist.</span><u></u><u></u></p><p class="MsoNormal"><span style="font-size:14.0pt">spike</span><u></u><u></u></p><p class="MsoNormal"> <u></u><u></u></p><p class="MsoNormal"> <u></u><u></u></p><p class="MsoNormal"> <u></u><u></u></p><p class="MsoNormal"> <u></u><u></u></p></div></div></div></div><p class="MsoNormal">_______________________________________________<br>extropy-chat mailing list<br><a href="mailto:extropy-chat@lists.extropy.org" target="_blank">extropy-chat@lists.extropy.org</a><br><a href="http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat" target="_blank">http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat</a><u></u><u></u></p></blockquote></div></div></div>_______________________________________________<br>
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