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To: Solon who wrote (10637)4/24/2002 10:52:51 PM
From: TimF  Read Replies (1) | Respond to of 21057
 
The public sector does have a larger percentage of professional and skilled labor.

However the public sector employees can be quite competent and very productive and doing things that are totally useless. They can be highly motivated to do perform the functions of their agency, they can have great marks on their personal records but that doesn't help things if the task their agency is given is useless or counterproductive.

The desire of the public employee to see his or her agency preserve can even increase the possibility of the government doing useless or counter-productive things. They are not likely to report on how the mission of their agency is stupid, or useless and if such a report is created the agency is unlikely to support it or publicize it.

In the private sector a push towards having totally useless or non-productive missions is checked by the fact that the company has to bring in money. For awhile companies like the dot coms during the bubble can get by without doing anything too useful but they can't stay that way forever.

As to your theory that bankruptcies improve performance--not true. The PERCENTAGE of new bankruptcies continues to reflect the level at which the private sector CONTINUES to be inefficient and unproductive. The only thing that bankruptcies prove is that the prevalence of inefficient and non productive employees does not seem to be ameliorated by unceasing failure.

Imagine a world where no matter how unproductive a company was it would never go out of business. Would the companies in this world be more productive or less productive then the companies in our world if everthing else is equal?

Tim



To: Solon who wrote (10637)4/24/2002 11:44:35 PM
From: average joe  Read Replies (1) | Respond to of 21057
 
As to your theory that bankruptcies improve performance--not true. The PERCENTAGE of new bankruptcies continues to reflect the level at which the private sector CONTINUES to be inefficient and unproductive. The only thing that bankruptcies prove is that the prevalence of inefficient and non productive employees does not seem to be ameliorated by unceasing failure.

Not True Private sector bankruptcy levels are down all across Canada and the U.S. The only thing the numbers reflect are banks getting smarter at what they finance and those banks are showing record profits.

bankruptcycanada.com