First part, shall express my own personal thought.
Second part, will go through 4-page article and provide my critique.
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For the first part, High Income Nought or "Zero High Income".
The very idea that a Company or a Government should bear most of cost for current Generation of Employees is downright insulting.
Previous generation of parents or single parent, would often encourage their child, children or kin to be better. Getting better jobs through higher education. Otherwise, the idea is to work hard and earn money if one cannot study.
"Don't be like us. Be better."
For that to happen, the family will encourage or enroll their child into various co-curriculum to unearth any secret talents. Go, be Michelle Yeoh, Misbun Sidek, Nicole David, Lee Chong Wei, N. Mohanadas and M. Magendran.
Parents did not want the children to repeat the obstacles they went through. And perhaps in doing so, some parents could have overdid things -- pampering. E.g. buy lots of products, dropping a child directly in front of school gate etc. to the point, that the kids are basically and often spoiled or choosy.
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What does Companies have to say about sharing more of their profits? Nothing.
Why should they if they are raised on the literature of Peter Drucker, Steve Jobs, Kaplan and Norton?
Where is the Performance? Where is the technological breakthrough? Where is the leap from the first plane to fighter planes, and thereafter? Is Neutron bomb the first and last?
What should Business Owners or Government pay for... Nought?
Socially people are not getting any better but anti-authority. So who will be bearing all the future costs of Golden Age etc.? No one except for those who have kept the money for their children and to fend for themselves. Most of these had invested into businesses for a better future and in turn to handover to their children, who will somehow have to figure out ways of running (not ruining) the businesses. Or else have qualified managers to do the jobs.
Note: It is equally disgraceful for large organisations, to employ staff with minuscule salaries. The business owners had forgotten their taste of medicine and sought to 'educate' the current generation how it was like 30 years ago.
On the other hand, that employees can choose their employers. If they are adaptable, have the necessary skills and knowledge, they will go very far indeed. In today's highly inflated cost, employees must earn sufficient to live an enjoyable and tolerable life.
The only way to go up to ladder is to work hard, don't mind the initial salary as long as its reasonable (don't even think of wealth independence), get the right number of years experiences under the belt, try to survive the job, don't job hop and of course, stay in the company that cares.
If you wish to risk it all, start your own company, try to earn gazillion ringgits, but make sure you pay your staff as much as what you would have paid yourself - which was one of the reasons you started your own company, so don't blame the staff.
In the nutshell, pick yourself up and don't be lazy, then we will look at this High Income Dream we all have been talking about.
