Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (16612)	2/3/2004 3:09:24 PM
From: Tradelite	Respond to of 306849

You're right....we shouldn't forget the names of those stadiums, where a hot dog soon cost more than a share of the company's stock--as another person on SI so aptly observed a few years ago.

To: GraceZ who wrote (16612)	2/4/2004 12:00:40 AM
From: fatty	Read Replies (2) \| Respond to of 306849

>I feel badly for the people who had these over-paid jobs that no longer exist. They may never make as much money doing a job that has a real market value that approximates the value they bring to the company. Salary is a part of the market economy. It is not fair to assume a certain fix price for any type of job. I'm sure that anyone who has worked in IT long enough can remember one or two projects that literally replaced dozens of people. I once worked for a client who had to keep 6 people doing data entry on a mainframe to update import/export records. These people would get reports from their PCs and manually update the mainframe 8 hours a day. I wrote a program that automated about 90% of this process. For the 10% that the program couldn't do, it would need to be done manually just like before. This program ran flawlessly for about 6 years (until the y2k bug came along). I finished the project in 3 months and earned about 1 year's worth of data entry's salary. The client let go of 5 of the people, keeping only 1 to do the 10% manual work. The client saved about 30 year's worth of data entry's salary over the course of 6 years.