On Retirement Age
This notion of having a Retirement Age, when the government begins making substantial payments to citizens, isn’t new. It began in 1889 in Germany. The average life expectancy was 40, and the Retirement Age was set at 70, later reduced to 65. For us, it began during the Depression, when average life expectancy was 61; it was set at 65; half the people were dead before these Old Age payments set in. Today, our average life expectancy is about 79, yet the Retirement Age is still 65.
Corollary: The federal budget-killer of just about every Scandinavian and European country is the government making payments to its people at around 60-65 years of age, even though life expectancy is much greater. Like what we’ve now arrived at, they can no longer afford a defense budget because federal spending is taken over by Retirement Age and health care spending.
Also of interest, in most of Europe, the Fertility Rate is currently at about 1.3-1.5 children per woman, well below the 2.1 replacement level (that the U.S. is at thanks to the influx of Hispanics). This means that they very quickly will have fewer and fewer working age adults to pay for those retirees. Indeed, these levels foretell a shrinking of the population, and therefore their economies. Their outlook as viable nations is very poor. (These poor stats also apply to Russia and Japan.) For more information, click here.
National Debt and Its Implications
How come we still aren’t hearing a lot about this approaching crisis … and its implications?Just sayin’!
Told at a Recent TEC Meeting, about a Koch Brother
The Koch brothers receive lots of abuse for their contributions to conservative causes. What isn’t heard, though, is their astuteness as business leaders. Recently, a senior executive of a TEC company who has worked at companies owned by the Koch brothers, such as the local Georgia-Pacific plant, but others as well, told this story: When Charles Koch walked through one of his company’s plants, he would ask an operator, “Who owns this equipment?” The response often, “You do, sir.” The correct response: “I do, sir.”
He required techniques that created team-based approaches that “focused relentlessly on Reliability.” He contended that “Reliability focused organizations outperform Production-/Productivity-focused ones, and there is research that supports that. Interesting.
The approach was to create Reliability teams, a replacement for Maintenance. Maintenance experts were “downloaded” for their expertise, which was provided to production crews for them to use on an ongoing basis. The crews had to plan schedules several weeks in advance, and then document any variation, called an “unplanned event.” The objective, obviously, to reduce the number of unplanned events, resulting in increased up-time, productivity, efficiency and ultimately profitability. “People found this approach much more engaging.”
Another metric: Number of improvement ideas. The metrics that the Koch brothers cared about were the Leading Indicators and Forecasts.
Quotes from Recent TEC Meetings
- “Make sure every employee loves his/her job. People who are successful are doing what they love to do. It’s the only path to being the best in the world.”
- An expert on Emotional Intelligence at one meeting cited this quote from EI founder Dan Goleman: “Out of control emotions (bullying, anger, nmicro-managing, etc.) make smart people stupid.” She also said that micro-managing is often a reaction to the leader’s inability to control his/her anxiety, and to impose behaviors on others to compensate.
- “I built a large garage. We call it the ‘Garage-Mahal’.”