Andrew John HARRISON

Artist, Designer, Educator & Entrepreneur

Tag: Business

Optimize Value vs Maximize Profit

A lot of people see business as a vehicle to make money and that all other factors are merely assets or liabilities to be subjugated to the primary purpose of maximising profits.

These profits are exclusively for the benefit of the business owner or capitalist who risked their capital to establish the business.

These ideas about money and business have been around for as long as we have been doing business by exchanging something we want for something the other party wants.

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Manufacturing Productivity vs Jobs

As manufacturing productivity goes up – the number of manufacturing jobs goes down. This means that more output is being produced at lower cost. What happens to the people out of work due to increases in productivity driven by technology? They either go out of work altogether – or… up-skill themselves into higher paying service jobs.

Take a look at the below chart that makes the shift visible:

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