Episode 124 - The Secret To Utilizing People As A Resource - Part 2
Successful millionaires keep a tight grip on their money, but an even tighter grip on their people.
In the game of success who wins in the long-term? The employer who hires 2.3 million grunts, like Walmart? A shocking number of whom receive SNAP or Wellfare, and lack adequate health coverage. Or the entrepreneur who hires a tiny A-Team of superstars, or one incredible worker? Who, consequently, receive amazing pay and great benefits. On today’s episode we’ll discuss a fundamental truth that all successful business owners understand, and poor people are trained to ignore:
Money isn’t the resource. People are.
On Part 2, Todd and Joe watch the Walmart Union Busting Video. Then we go step-by-step in debunking the propaganda-like claims Walmart makes to keep its people from organizing. We also discuss the fatal flaw corporations make by treating their people like an ocean of renewable talent. Instead of doing what agile businesses do - isolating skilled individuals from the pack and raising them up on the merits of their ability to deliver. Then finally we answer the Million-Dollar question: are unions generally good for the economy?
History Links:
https://www.harvardmagazine.com/2003/07/who-built-the-pyramids-html
https://www.maths.ed.ac.uk/~v1ranick/turingletter.pdf
Walmart Union Busting Video:
https://www.youtube.com/watch?v=ONKkoiszVSs&ab_channel=MagnanaMouseCitizenMedia
Science Links:
https://www.foxbusiness.com/markets/walmart-mcdonalds-largest-employers-snap-medicaid-recipients
https://www.nytimes.com/2015/02/26/business/next-goal-for-walmart-workers-more-hours.html