Just like in corporate america, the savings hit this quarter so bonuses all around. Then the CEO jumps ship and it’s someone else’s problem next quarter.
It’s not the quickest though. ROI timeline is 18 years minimum for tax from non-degree level jobs, 22/23 years for degree level, and 26 to 30 years for post doctoral.
It’s sad. The quarterly pressure to generate value is one of the worst economic forces of capitalism which drives enshitification, job-instability from the “fire bottom performing 10%” so that you can post more “profits” from cost cutting, and the general short-term thinking that pervades all aspects of the culture.
It’s the reason “nobody” builds things to last or metaphorically plants something now for the future: it’s not profitable quick enough.
Totally agree. Was talking to my brother who worked for the US Corps of Engineers. He said they have a decades long outlook for their projects. So if they want to remove a dam or something, studies are done to make sure that is the smartest move not just for the next few years, but the next several decades.
So refreshing vs the typical “new CEO wants to fire x% of the workforce to generate 1% more profit this year (ignore the fact that customers will leave when it’s that much shittier here… That’s next year’s (and next Ceo’s) problem)”.
That’s what is so sad to see - whole lotta young dumbasses with the same kind of short-term thinking dunking on “boomers” and things like Social Security. As well as unions, the post office, and public schools. Even worse when the framing of it is accompanied with some blather about “my generation” and so on, yadda yadda.
They are probably so filled with Dunning-Kruger that it hasn’t even occurred to them that prior “generations” were told the exact same hokum and that their “generation” is not magically any different…
Wait till you see how much we loose from killing the Department of Education. Education is like the easiest ROI
Just like in corporate america, the savings hit this quarter so bonuses all around. Then the CEO jumps ship and it’s someone else’s problem next quarter.
It’s not the quickest though. ROI timeline is 18 years minimum for tax from non-degree level jobs, 22/23 years for degree level, and 26 to 30 years for post doctoral.
It’s sad. The quarterly pressure to generate value is one of the worst economic forces of capitalism which drives enshitification, job-instability from the “fire bottom performing 10%” so that you can post more “profits” from cost cutting, and the general short-term thinking that pervades all aspects of the culture.
It’s the reason “nobody” builds things to last or metaphorically plants something now for the future: it’s not profitable quick enough.
Totally agree. Was talking to my brother who worked for the US Corps of Engineers. He said they have a decades long outlook for their projects. So if they want to remove a dam or something, studies are done to make sure that is the smartest move not just for the next few years, but the next several decades.
So refreshing vs the typical “new CEO wants to fire x% of the workforce to generate 1% more profit this year (ignore the fact that customers will leave when it’s that much shittier here… That’s next year’s (and next Ceo’s) problem)”.
That’s what is so sad to see - whole lotta young dumbasses with the same kind of short-term thinking dunking on “boomers” and things like Social Security. As well as unions, the post office, and public schools. Even worse when the framing of it is accompanied with some blather about “my generation” and so on, yadda yadda.
They are probably so filled with Dunning-Kruger that it hasn’t even occurred to them that prior “generations” were told the exact same hokum and that their “generation” is not magically any different…
maybe he should be hanged?