The World’s New Economic Powerhouse
By Michael Boyajian
The United States has done quite well during these Winter Olympics leading the medal count of all nations. However, if the nations of Europe competed together as one their medal count would surpass our count many times over.
And this fact symbolizes what might be the future of the world economy. Europe, rather than China, will be the next economic superpower. You see the problem with the U.S. is that our business model now focuses on accounting based solutions as opposed to innovations.
Our business leaders cut the payroll and lay off workers in order to increase short term profits. Other nations know that you cannot expect good productivity from workers who are doing the jobs of two other workers in addition to their own.
Because of this worker morale is low and their desire to present their employers with new innovations just as low. If your boss does not care about you what loyalty do you have for your company? In the golden age of the American economy after World War II company and worker loyalty was exceedingly high. Workers would spend their lives at the same company enthusiastically helping the company to grow and expand. At that time the American economy was unmatched in the annals of history.
Now, but for a few high technology companies, innovation and loyalty is a thing of the past. If you haven’t had several jobs in the recent past human resource managers wonder what is wrong with you. Meanwhile our companies continue their decline blaming pension plans and other worker benefits like a drowning man reaching for what ever they can grab onto.
In Europe workers have more benefits, more vacation days and higher pay than we do yet their productivity exceeds our own. The Europeans believe in long term growth not short term profits brought about by accounting maneuvers.
So the choice is clear, stop bashing workers, offer higher pay, more benefits and in return receive higher productivity, loyalty, new innovation and future growth and real profits.
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