If more money was the answer, what was the question? “Throwing money at the problem” has been an answer for education for years. Wouldn’t you want smaller classes, the best and brightest teachers and the newest facilities or equipment? Are you willing to increase your taxes to make it happen? No one wants higher taxes is why this will never happen! Does throwing money at a problem work?
Governments of all sizes use this strategy over and over again even when data proves it does not work. The basis for government is our elected officials vote for us based on various data and all it takes is one politician convincing other politicians to vote for it too. We would like to think that we elected the best and brightest to represent us, but that is not true. Our government has spent our money poorly on a variety of programs that are too expensive to achieve anything.
There are lots of government programs that subsidize industries that are seemingly very profitable yet we still subsidize the industry. The government subsidizes energy, agriculture and transportation. Do these industries really need subsidies? Energy is one of the most profitable industries; do we really need to subsidize it? Does it benefit society at large to subsidize energy? I think a subsidy makes sense in new energy such as wind, solar or nuclear, but oil, gas and coal are mature industries.
If there are still individual farms, a subsidy may make, but agriculture is big business and a subsidy is supposed to stabilize profitability and commodity prices. These subsidies influence politics, trade, nutrition and environment locally and globally. Government subsidies have created lobbyist organizations to influence t he flow of money and power which affects society in general. It influences what is produced and more particularly when the government will buy the excess production such as diary products.
If you think government is the only organization beside education that falls for this, think again. There are sports teams who think that by just hiring the most talented players, they will win the pennants, playoffs or Super Bowl. The New York Yankees, Los Angeles Dodgers Manchester City, Barcelona, Real Madrid, Los Angeles Clippers, and the Los Angeles Lakers are just some of the teams that have the highest payroll in their sport. Very few of these teams will win their respective sport championship.
If it only took money to attract and keep the brightest and best, everyone would remain at the premier companies like Google, Apple and McKinsey & Co. to name just a few. Companies like these put together a smorgasbord of benefits because money is not the most important thing for people. In fact, money is usually number three on the list o f most important factors for job satisfaction. Most people will sight working conditions, advancement, feeling appreciated or workload/stress much more than pay.
Money alone does not motivate us to perform better or does it? Commission sales people insist that they produce more sales because of the commission. Do people work harder because of a bonus which is based on budget or some other relative criteria? I think it becomes part of their compensation and it is just expected after awhile. If you are using money to motivate, you probably should use it to establish individual goals to get your employees to beyond budget or some other company goal.
If you are broke, money may be the answer! Despite that statement, you have to control your life which means spending, saving or career. You have control over these things and you can do something about it! If you want to earn more money, you learn the skills to do so. In many instances, it is just a matter of changing how you spend your money which will yield you more money. I believe in taking action because more money by itself will just fuel your spending. Do you have your personal finances under control?
If you are unhappy in your job or career, will more money make it better? I say no! It may make it more tolerable while you look for another job, but it does not make it better. I often hear people say if the just had more money it would solve all their problems. After a little questioning, it gets down to the choices we make. If you are hungry, you can eat something that will satisfy your hunger without spending much, but it won’t be steak. You do not need many of the things you are used to doing, but you need to make a choice.
More money is never the solution! Better problem solving skills trumps money. You can save no matter how little you earn and make better choices with your personal finances. What will you do? Similar to government, people when they have more money tend to spend it, If your salary doubled, you would get a nicer home, car and lifestyle unless you make better choices. Every so often, I hear about stories of people who had ordinary professions such a janitor or maid who saved millions of dollars. They realized more money was not the answer.
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