Whole Foods: Salaries Exposed

MSN Money reports Whole Foods has been exposing its employees’ salaries since 1986, when co-CEO John Mackey introduced the open policy. Once a month, Whole Foods collects financial data from each of the chain’s locations. Leaders in this industry believe it is important for its employees to see how much money others in the company are making, to motivate them on what it takes to reach a certain dollar amount. There have been some disputes within the company about certain parties making more money, but Mackey explains how people are paid based on their performance and level of value. He believes this approach creates a high trust organization and causes employees to become increasingly invested in the company.

Jack Ma: “Stop Complaining, You Can Find Opportunities”

  Jack Ma is the founder of the world-renowned global wholesale trade online platform called Alibaba. In this video, Jack clearly identifies the simple observation that many people in life overlook, because they are too busy complaining and in their own silos: That the majority of people in life are unwilling to change and always

A Narrow Focus in College Could Backfire

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Peter Cappelli of The Wall Street Journal investigates how the job market has changed over time for college graduates. While the end goal for students and their parents has always been securing a job, Capelli argues that the path to this goal is ever-changing. Capelli asserts that many students are pressured to choose a career path prematurely due to the high costs of college and setbacks that come from changing majors. As in the tech bust of the early 2000’s, many students who believe that they are in a “hot” degree program may actually struggle to secure a job if the market shifts. Cappelli stresses the importance of evaluating the entire package of college in order to make decisions that most benefit the student and simultaneously generate the most aptitude to finding a job. For instance, not everyone may be cut out for a specialized degree, and despite the negative stimulus associated with liberal arts degrees, a practical degree which involves education in multiple areas may actually give the student the most options out of college. This is especially important since the job market is unpredictable. Further, most employers will value previous work experience over pure academic involvement. Thus, general aptitude may be more important than specialization.

Is Debt a Choice in America?

debt Outlaw investigates the possibility of the average American living debt free in today’s economy. Through use of figures published by the Bureau of Labor Statistics, the author breaks down the cost of affording the bare necessities in America: namely transportation, food, clothing, internet, gas, electricity, taxes, and insurance.  From the Bureau’s estimation of an average yearly income of $42,693 per person, after subtracting these necessities the average American is afforded $15/day ($5,500/year) of savings.  The author comes to this conclusion using “fair” estimates by rounding down yearly costs. He assumes a frugal citizen would make such attempts to save. Is $15 per day sufficient enough to escape debt in America?