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Showing posts from June, 2021

Law of Compensation: Supply and Demand

  As a refresher, the law of compensation states that the amount of money you earn is always in exact ratio to: 1. The need for what you do. 2. Your ability to do what you do. 3. The difficulty there is in replacing you. So, the question comes down to, is there a great need for what I (or you) do? If there is, then that's a good step towards getting more money. If there isn't a great need, then it won't matter how good you are you won't earn lots of money. If there is a need, especially a great need, for what you do, then you (or I) need to become really good at it. The better we become at what we do, the more value we can command and will receive, if there's a great need for what we do. There may be a lot of others working in that field, usually because there's a high demand and need. But if you're among the best, or the best, you are more valuable. This leads to the third part. The better you are at what you do, the more valuable you become, then the diffi...

Law of Compensation

A few days ago I was at a writer's weekend. During one meal I was listening to those around me discuss the economy and one lady mentioned that everyone should be paid what they're worth. Isn't that a nice thought. But there's a problem with that simplistic view: How do you determine what somebody is worth? Sure, someone may be a reliable worker. But the law of compensation limits how much that person will get paid. The law of compensation states that the amount of money you earn is always in exact ratio to: 1. The need for what you do. 2. Your ability to do what you do. 3. The difficulty there is in replacing you. Wherever there is a great need, there will be great money to be earned. If there isn't a great need (demand) for the job being performed, then there won't be much money involved. But need isn't the sole factor in determining how much someone gets paid. How well you know and perform your job becomes a big factor. The reliable, hard worker who knows ...

Stepping into Faith

 In the Old Testament, Joshua chapter 3, the ancient Israelites were told they would cross the Jordan river on dry ground. As the priests carrying the ark of the covenant approached the river, there was no sign anything would happen. And nothing happened until after they had stepped into the water. From my understanding of the scripture, it seems that it wasn't the feet of just the first couple of priests stepping into the water, but it was when all the feet of the priests had gotten wet that the river's flow rose up into a heap and the people crossed over. Did any of them have any doubts when the first priest stepped into the water? And it should be kept in mind that the river was overflowing its banks so it wasn't a small thing to cross. Isn't that how stepping into the unknown is?  We can see the other side of the river. We know where we want to go, but how to cross isn't really known. Are there rocks we'll trip on? Are there undercurrents waiting to pull us ...