Reply #116: that manager is a perfect example [View All]

[hfojvt]

typically a manager is going to save money by a) reducing wages and benefits, or b) reducing prices paid to suppliers, or c) reducing the amount "wasted" on safety and environmental regulations.

In many, many cases, he/she is not creating value, merely transferring value from workers to consumers or from local residents to consumers, with the manager and the company taking a nice slice in the process.

I am not saying that there can not be extraordinarily skilled and creative people who make huge contributions, but that a) very often the over-paid are not such people, and that b) the contribution of ordinary workers is undervalued and provides much of the wealth that flows to the over-paid.

The strange thing, to me, about the over-paid, is that they are already doing what they want to do. If I got paid as much as Steve Alford to do the job I do, I would do it for about one or two years and then retire and do what I wanted to do. I keep working my job because I need the money. They are not in that boat, but they keep working anyway. Which says to me that they would do it for alot less.