All this CEO is saying is that he's not loyal to his own employees.
He'll ditch them the moment they are perceived to be unprofitable and
replace them with someone who can do the same thing for less money. He wants new
hires out of school because they're cheaper than seasoned employees.
He'll ship jobs overseas if he can find qualified laborers there too. The schools do have issues, but the truth is that if you want to succeed
in the job market, you'll need a marketable skill in which you can make
yourself indispensable to the company you work for... ultimately they'll
still lay you off, but for a while you'll get paid, and during that time
you really ought to save as much as you can. Belts are tightening.
On Wikipedia here is the skinny on Klaus Kleinfeld. The question
that should be asked and discussed here is; Is Germany's educational system
better at preparing its youth for apprentiseships in Manufacturing than the US
is? Not every kid is meant to go to college. The Crafts yes, Collge not so much?
Kleinfeld received a business degree from Georg August University in
Gottingen, Germany and a Ph.D. in management, University of Warzburg.In 1986, he joined Ciba-Geigy in Basel (Switzerland), where he was a product
manager in the Pharmaceutical Division.Kleinfeld has worked for
Siemens AG since 1987. His first position was in the company's Corporate
Sales and Marketing unit.Kleinfeld is a member of the board of
directors of Alcoa Inc., of Bayer AG and of Citigroup Inc. After the
announcement that he would be joining Alcoa, he resigned from the Citigroup
board as Alcoa's then CEO was the lead director for the board.
Well there will be a lot of part time jobs out there, and maybe you can put two
of them together and make a full time salary. But you will be responsible for
our own health care and that could be expensive, unless you choose to pay the
fine.There is always the way my father-in law roommate did it. He would
dress up like a "down and outer" and went out and begged every day. No
taxes, income, property, healthcare or payroll.He did as well as my
father-in-law who worked 8 hours a day and 40 hours a week.At least he
gave it 4 to 6 hours a day, and that is more than some of those living off the
government do today.
And the rest of the story...??
The problem with the traditional model is (at least) two-fold: 1. schools
don't really teach anything tangible that is of value to employers and 2.
companies don't want to train--they expect students to have proprietary
skills as they enter the workplace. The issue with the latter philosophy is that
companies are no longer willing to invest in their workforce so it's easier
and less expensive to lay them off at a moment's notice. Essentially, employers want students to pay for their own training, go into
debt to do it, and that training must be for an employer that is unknown to the
Employees can thrive as long as they make themselves valuable enough that the
company needs them and must pay well, or that another company will reward them
well. Back in previous decades when I worked in banking, I increased my income
250% in three moves among different banks while increasing my skill level. Then
I discovered I did not care for banking (not a place where creative thought is
rewarded) and have therefore done my own thing since. To summarize
- any economy require people to perform. These days working with technology
makes the tasks more valuable and therefore better paying. It's no longer
the sweat of your brow that pays well; it is the sweat of your intellect. We are
raising a generation that as a whole is well suited to that. In my childhood the
ability to repair a car or frame a house or fix a washing machine were skills
that could provide a nice future. Now the ability to work with computers,
whether by programming, design or use for accomplishing important tasks creates
a future. It’s societal evolution, neither evil nor good, but
just the way it is.
It apparently does not take much for people to believe the sky is falling. The
western world has moved from 200+ years of an industrial economy into the
information/digital age. The industrial age replaced the agriculture age,
creating social upheaval. Society survived; those who could adapt did well. Now the third world does the manufacturing and people get paid
starvation wages. Do we want that model for our kids? I think not. People that
insist going to work in the local mill for the next 35 years and then retire on
a pension will be as disappointed as people 100 years ago who insisted on
sticking with hard-scrabble farming and then wondered why they lived in poverty.
In this current economy, if you want to just be an employee you place your life
in the hands of "the man." You live according to his whims as he pursues
his own personal best interest. There is nothing wrong with the company owner
doing that, but whether or not you get a generous share of profits is up to the
owner, not you.
This certainly caught my attention - just wish there was more. David
Here's two paragraphs about what I saw on tv.... That counts as news,
Lots of views here of the new socialist welfare State to replace capitalism. I
would be most interested to hear from those with that take on the article, what
is the capitalist model when there is no one left to exploit? How does Alcoa
make a profit when they can extort neither the raw material nor the labor? How
does the Ryan plan for 5% growth for the next millennium work when 70% of our
economy is consumer driven and the wages and benefits of those consumers
continue their 20 year slide so that growth is "booming" at 1 or 2% (the
Don't blame the ALCOA guy for saying nothing--blame the DNews reported and
editors for publishing a nothing article. come-on!
What happened to the rest of the article? That was a silly waste of time.
I saw the interview last night. He danced around the subject without
"offending" anyone, but essentially he said schools are producing a
bunch of lazy, entitled students that have no skills in anything useful. I kept
shouting (inside), "Just say it, just say it". He did say Alcoa has lots
of job openings, but nobody with the talent to hire.
Hoyt, all good comments but you missed on thing. NO ONE GOES BACK HOME. They
all stay here. Those that come here are in no way wanting to go back home. If
they do, it is because of a visa rule that forces them to go home. However,
they can often get around that these days. Once you've had America...you
aren't going back.
Pulitzer Prize winning article. What most of the public is not aware
of is that Obama's mandate of the 47% 'all handouts' is the
career path of the future, duh!
This is a bunch of Yuppie bologna going around right now. There are a dozen
stories about the traditional career path being antiquated. They say it's
all about ingenuity and thinking out of the box. It's not.The
fastest growing career field is in medicine, a very traditional career that
requires a lot of traditional education. This is the equivalent of a eastern
alternative medicine guru saying that western traditional medicine is dead.
It's not either.Lawyers are traditional and still the backbone
of business. MBA are still being hired. Sorry, you're just wrong.
What school did this CEO attend? And you're going to replace the
traditional school systems? Good luck at that!
If you are 16 years old, take my advice. Drop out of the worthless public high
school you probably currently attend. You're wasting your time there. Get
ANY possible job you can find, without doing anything criminal of course. Even
minimum wage will go a long way in this horrible economy, especially as a single
without dependents, living at home with mom and dad. When you cash your
paycheck, buy gold, Japanese yen, Hong Kong dollars, anything that won't be
worthless in the next ten years like the US dollar. Only don't go blow your
money on anything else like video games. Believe me, there are 30 and 40 year
olds still living with mom and dad that don't have a job and don't
have any assets whatsoever to their name. Some of them are college grads even.
Don't be like them. Instead, when you turn 30 to 40 years old, while your
peers are moving in with their folks, saddled with student loans, move out with
a pretty decent POSITIVE net worth. Maybe even enough to retire. Especially if
you move abroad where taxes and the cost of living are low.
The new model is that half of Americans work and the other half binge off of the
taxes of the 1st half, so if you are lucky enough to be in the work force then
you will be working the rest of your life. No "retirement in a hot
Not much of a story too much missing info. Even less compelling is tagging
entitlements as a wage source it shows an out of touch perspective . The modern
corporate working model is closer to out-source when possible, hire visa workers
as much as possible, if you must hire Americans make them independent
contractors to avoid paying benefits and strive to keep wages as low as possible
to maximize profits.
Um... first off, this guy talks weird. Second, there were no details given.
Anyone can say its 'dead', the more compelling sentiments would have
been where the new paths will be forged or changed.I just wasted 3
minutes of my life.
My interpretation: Pay and benefits will decrease. Foreign labor with visa is
available, so why pay a college educated American citizen more money.
Entitlements such as welfare will supplement income rather than higher pay. The
college degree might get you into the door, but don't expect to be
pampered. More American workers will need to find employment in other countries.
Employers will cut costs to cover high cost of running a business.
I think Leo hit the nail on the head. LOL
The new model? That's fairly obvious post election. It's called
Way to leave me hangin. You caught my attention now finish the artcile please.
@TheHOYT:"Okay, so the traditional model is dead. That begs the
question, what has replaced it?"The new model is... you bring
hot-shot foreign students in, educate them, give them a job, they make note of
the business/manufacturing practices/secrets, go back home, set up shop, and
compete. Often includes patent infringements and other illegal activities.
What I don't like about this article is the CEO doesn't expound on
what he thinks the new model is like. I would be very interested on his take!
So, What's the New Model...?????
This is, like, half of a story. Okay, so the traditional model is dead. That
begs the question, what has replaced it?
This is not news, but if people still think the job market is as it's been
then maybe it's good that this guy is talking in the news about it.
Sounds like an interesting interview, it would be nice if the Des News article
chose to get a little more into the details. Guess I'll look it up myself.