Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,439
Treating your employees well is a major component in building a major business. What people often forget is the employees are the business. A problem with the stock market today is it provides a path to large quick profits while producing little of value. The demand for quick profits by investors cause businesses to focus on short term gains instead of long term growth. In this environment, good employees are often sacrificed to enhance the next earnings report.
I don't think so. The company that handles my IRA is doing great, and I've had the same companies they invested in for years.
Saying that employees are the business is like saying the beer vendors in the stands at a baseball game are the team. They are not part of the team. They are workers who accommodate the people that pay money to see the team. The roadies of a band are not the band. They merely set up and tear down the equipment so people can see the band.
Businesses produce the goods and profits. Workers simply work. Workers create the product or service, but it's the company who has to sell the product or services the workers create. The company makes income off the product or service, and the worker makes income by producing the product or service.