Wednesday, August 28, 2024

Work

There is a new business theory currently popular described as work life balance. At a company called Nvidia where computer chips are made the employees work long hours often until 2AM but the retention rate is high because the pay is high. In the past five years the stock has increased by 3,700 percent going from $4 to $128 and many employees have become millionaires and could retire but want to stay on because even bigger profits are coming. A story is often told to illustrate the call of more money. John went to work as a local truck driver. The job entailed making deliveries. He did not load or unload just deliver. The pay was $20 per with good benefits. The company needed more help than they could hire so overtime was the answer. The company said that all hours worked per week between 40 and 50 would receive $40 per hour and hours between 50 and 60 would receive $80 per hour and hours between 60 and 70 would receive $160 per hour and hours between 70 and 80 would receive $320 per hour and hours between 80 and 90 would receive $640 per hour and hours between 90 and 100 would receive $1,280 per hour. In other words for every extra ten hours your wage would double. Would you be willing to work the 101st hour for $2,560. No matter how tired your were could you turn down that last $2,560. Would you work until you dropped. The allure of extra money is strong maybe strong enough to ruin your health. In this example the employees are working 15 hour days but those at Nvidia are working even longer. This example was made up to illustrate a ridiculous point but it came true at Nvidia or as they say truth is stranger than fiction.

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