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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (46015)	11/23/2005 1:28:49 AM
From: Elroy Jetson	Read Replies (3) \| Respond to of 110194

I think its entirely obvious that people with low-status live with frustration and often anger, although this is often a taboo topic in our society. You can watch a situation like that develop, say the programme "Manor House" on PBS set in 1905 Edwardian Britain. pbs.org Ordinary people were assigned to live roles, as either "Mr Edgar the butler" and his staff, or as "Sir John Oliff-Cooper" and his family or friends. It was not surprising to see that those with high status were delighted to live as an Edwardian for a month, while those assigned to low status roles were entirely dissatisfied, even quitting before the month was up. Auto workers and refinery workers are often well-paid but assigned lower-status, a recipe for frustration and anger. Toyota treats their assembly line workers with great respect and honor, which I believe is a critical component in their success. It is also an essential part of Edward Demming's Industrial Engineering approach, fully adopted by Japanese manufacturers, but denigrated by U.S. auto makers to this day. Companies like GM have long thought it was economical to pay their employees a premium wage, in compensation for treating them like crap. It doesn't work because money and respect are not interchangeable. .