Capitalism is one thing colleges don't teach young people about. What is the first thing that parents and even teachers tell you regarding college? "Study hard, get your degree so you can get a good ____" Job. Right. A good job. That's an oxymoron if I've ever heard one, right there. Before you think I'm against going to college, let me assure you that is not the case. College teaches kids how to see something through to the end, but it doesn't necessarily teach them skills they will need to succeed in life.
Case in point: in 1900, only 5-10% of people actually worked for someone else, the other 90-95% were business owners or worked for themselves. Today, we find the opposite. So we only have 5-10% of people working for themselves? Everyone else works for someone else? That's right. And let me explain why I think that's not necessarily a good thing. Capitalism wasn't designed for employees - it was designed for the business owner.
There are only two ways to make money in capitalism:
- Wages -- hourly, salary, or commission.
- This is how 95% of the population gets paid.
- Your worth is determined by your employer.
or... - This is how 95% of the population gets paid.
- Profits -- Revenue - Expenses = Profits. There are only two ways to get profits up:
- Increase the money coming in or
- Decrease expenses.
- Increase the money coming in or
So think about which side you are on. How much control do you really have? How much control would you like to have?
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