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By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. Insofar as the labor contract is “free,” what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists’ requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product.
Essays in Humanism
Albert Einstein
The Boring-Sexy Matrix
If you want to start a highly profitable company, build highly differentiated products in markets without a lot of competition.
These products will tend to be boring, complex, and outside the media spotlight.
(Source: Charlie Songhurst)
My Favorite Business Fra...
@david_perell on Twitter
Finally, as you review a manager, should you be judging his performance or the performance of the group under his supervision? You should be doing both. Ultimately what you are after is the performance of the group, but the manager is there to add value in some way. You need to determine what that is. You must ask: Is he doing anything with his group? Is he hiring new people? Is he training the people he has, and doing other things that are likely to improve the output of the team in the future?
High Output Management
Andrew S. Grove
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