Quote:
Originally Posted by Sam988  I don't know why Steve doesn't mention one thing.
Getting a "sucker" corporate job has one big advantage: you get to leverage your abilities with someone else's money and structure, while earning an income that you wouldn't be able to earn if you didn't have those resources available. And if you screw up, the worst that can happen is you get fired, but you're not responsible for the money you lost (unless you did something illegal).
When you don't have any capital, that's certainly a great deal. It's like someone lends you money and you get to keep a part of what you gain from the investments but if you lose you don't have to pay anything.
Now how is that a "sucker" thing to do? When the person is starting up it's the wisest choice. And this is not even counting all the support/learning, growing/traiging and networking he can do inside the company.
Look at the finance/investing/banking industry. People there earn huge sums because they are given lots of other people's resources to work with. So Steve could say: "Ah look at these suckers working their a**es off to make money for other people" but the truth is these people are also getting a big piece of the cake, a piece that they'd never be able to get if they were to only invest with their own money and "keep it all" of whatever little they make.
Of course, for a near-broke 40 year old, stuck in his position and with not enough education or skill to rise higher inside the corporate structure it totally sucks and he would be better off doing something else. |
For once, i'd really like an answer to this previous post of mine, Steve.
Just to make things as clear as possible: Working for big corporations means being able to maximize one's skills to create more value than one would be capable of creating if he didn't have the tools/capital/structure that the corporation affords/lends him. As a consequence of the higher amount of value he creates with the help of the corporation, he can receive more money than he would receive if he used these same skills by himself -without any instrument to leverage them.
So once/if ever the fellow has accumulated a decent amount of capital/skill/clients/experience, then dropping the corporate job might be a good idea (if there are no prospects for a further rise in the corp hierarchy), but until then it's a great option and far from being a slave job.