Theme: Institution

  • Your cell phone, cable, electricity, gas, heat in ukraine is about $40 a month.

    Your cell phone, cable, electricity, gas, heat in ukraine is about $40 a month.

    The customer has so few protections against misrepresentation here in the states compared to europe.


    Source date (UTC): 2016-10-05 11:36:00 UTC

  • Business Terminology, Scale.

    ESTABLISHMENT (small/craft) An establishment is a single physical location where business is conducted or where services or industrial operations are performed. FIRM (regional/industry): A firm is a business organization consisting of one or more domestic establishments in the same state and industry under common ownership or control.

    ENTERPRISE(National/Federation) An enterprise is a business organization consisting of one or more domestic establishments under common ownership or control. —VSSIZE Very small businesses Fewer than 20 employees Small businesses 20 to 99 employees Medium businesses 100 to 499 employees Large businesses 500 or more employees THEREFORE: THIS GRAPH …………………Establishment -> Firm -> Enterprise Large >500 ^ Medium >100 ^ Small >20 ^ Very Small >0 WHAT DOES IT LOOK LIKE? It looks like half of the people are employed by LARGE organizations, the majority of the rest by Small and very small. I look at it like this: Given Median Family Income: 50K: 500*50K=25M * 4 = 100M+ 100*50K=5M * 4 = 20M+ 20*50K=1M * 4 = ~5M+ 1*50K=50K * 4 = 200K+ WHY? Revenue per employee goes up with scale. Ratio of employee to equipment costs balances out. As an average we tend to use 30%. (Since I’ve largely been in technology, I have never run a business where it is that low). If we use the median income, and multiply by four that seems to produce a fairly good “rule of thumb”. WHATS THE HIGHEST PAID OCCUPATION IN AMERICA? Management of companies and enterprises . . ..104,041 ..Enterprises with fewer than 500 employees . . . 76,484 ..Very small enterprises . . . . . . . . . . . . . . . . . . . 155,557 ..Small enterprises . . . . . . . . . . . . . . . . . . . .. . . . 70,065 ..Medium enterprises . . . . . . . . . . . . . . . . .. . . . . 74,717 ..Large enterprises . . . . . . . . . . . . . . . . . . .. . . . 108,057 The organization of production distribution and trade is the highest paying sector in america. Entrepreneurship rules.
  • Business Terminology, Scale.

    ESTABLISHMENT (small/craft) An establishment is a single physical location where business is conducted or where services or industrial operations are performed. FIRM (regional/industry): A firm is a business organization consisting of one or more domestic establishments in the same state and industry under common ownership or control.

    ENTERPRISE(National/Federation) An enterprise is a business organization consisting of one or more domestic establishments under common ownership or control. —VSSIZE Very small businesses Fewer than 20 employees Small businesses 20 to 99 employees Medium businesses 100 to 499 employees Large businesses 500 or more employees THEREFORE: THIS GRAPH …………………Establishment -> Firm -> Enterprise Large >500 ^ Medium >100 ^ Small >20 ^ Very Small >0 WHAT DOES IT LOOK LIKE? It looks like half of the people are employed by LARGE organizations, the majority of the rest by Small and very small. I look at it like this: Given Median Family Income: 50K: 500*50K=25M * 4 = 100M+ 100*50K=5M * 4 = 20M+ 20*50K=1M * 4 = ~5M+ 1*50K=50K * 4 = 200K+ WHY? Revenue per employee goes up with scale. Ratio of employee to equipment costs balances out. As an average we tend to use 30%. (Since I’ve largely been in technology, I have never run a business where it is that low). If we use the median income, and multiply by four that seems to produce a fairly good “rule of thumb”. WHATS THE HIGHEST PAID OCCUPATION IN AMERICA? Management of companies and enterprises . . ..104,041 ..Enterprises with fewer than 500 employees . . . 76,484 ..Very small enterprises . . . . . . . . . . . . . . . . . . . 155,557 ..Small enterprises . . . . . . . . . . . . . . . . . . . .. . . . 70,065 ..Medium enterprises . . . . . . . . . . . . . . . . .. . . . . 74,717 ..Large enterprises . . . . . . . . . . . . . . . . . . .. . . . 108,057 The organization of production distribution and trade is the highest paying sector in america. Entrepreneurship rules.
  • Business Terminology

    BUSINESS TERMINOLOGY, SCALE. ESTABLISHMENT (small/craft) An establishment is a single physical location where business is conducted or where services or industrial operations are performed. FIRM (regional/industry): A firm is a business organization consisting of one or more domestic establishments in the same state and industry under common ownership or control.

    ENTERPRISE(National/Federation) An enterprise is a business organization consisting of one or more domestic establishments under common ownership or control. –VS– SIZE Very small businesses Fewer than 20 employees Small businesses 20 to 99 employees Medium businesses 100 to 499 employees Large businesses 500 or more employees THEREFORE THIS GRAPH …………………Establishment -> Firm -> Enterprise Large >500 ^ Medium >100 ^ Small >20 ^ Very Small >0 WHAT DOES IT LOOK LIKE? It looks like half of the people are employed by LARGE organizations, the majority of the rest by Small and very small. I look at it like this: Given Median Family Income: 50K: 500*50K=25M * 4 = 100M+ 100*50K=5M * 4 = 20M+ 20*50K=1M * 4 = ~5M+ 1*50K=50K * 4 = 200K+ WHY? Revenue per employee goes up with scale. Ratio of employee to equipment costs balances out. As an average we tend to use 30%. (Since I’ve largely been in technology, I have never run a business where it is that low). If we use the median income, and multiply by four that seems to produce a fairly good “rule of thumb”. WHATS THE HIGHEST PAID OCCUPATION IN AMERICA? Management of companies and enterprises . . ..104,041 ..Enterprises with fewer than 500 employees . . . 76,484 ..Very small enterprises . . . . . . . . . . . . . . . . . . . 155,557 ..Small enterprises . . . . . . . . . . . . . . . . . . . .. . . . 70,065 ..Medium enterprises . . . . . . . . . . . . . . . . .. . . . . 74,717 ..Large enterprises . . . . . . . . . . . . . . . . . . .. . . . 108,057 The organization of production distribution and trade is the highest paying sector in america. Entrepreneurship rules.
  • Business Terminology

    BUSINESS TERMINOLOGY, SCALE. ESTABLISHMENT (small/craft) An establishment is a single physical location where business is conducted or where services or industrial operations are performed. FIRM (regional/industry): A firm is a business organization consisting of one or more domestic establishments in the same state and industry under common ownership or control.

    ENTERPRISE(National/Federation) An enterprise is a business organization consisting of one or more domestic establishments under common ownership or control. –VS– SIZE Very small businesses Fewer than 20 employees Small businesses 20 to 99 employees Medium businesses 100 to 499 employees Large businesses 500 or more employees THEREFORE THIS GRAPH …………………Establishment -> Firm -> Enterprise Large >500 ^ Medium >100 ^ Small >20 ^ Very Small >0 WHAT DOES IT LOOK LIKE? It looks like half of the people are employed by LARGE organizations, the majority of the rest by Small and very small. I look at it like this: Given Median Family Income: 50K: 500*50K=25M * 4 = 100M+ 100*50K=5M * 4 = 20M+ 20*50K=1M * 4 = ~5M+ 1*50K=50K * 4 = 200K+ WHY? Revenue per employee goes up with scale. Ratio of employee to equipment costs balances out. As an average we tend to use 30%. (Since I’ve largely been in technology, I have never run a business where it is that low). If we use the median income, and multiply by four that seems to produce a fairly good “rule of thumb”. WHATS THE HIGHEST PAID OCCUPATION IN AMERICA? Management of companies and enterprises . . ..104,041 ..Enterprises with fewer than 500 employees . . . 76,484 ..Very small enterprises . . . . . . . . . . . . . . . . . . . 155,557 ..Small enterprises . . . . . . . . . . . . . . . . . . . .. . . . 70,065 ..Medium enterprises . . . . . . . . . . . . . . . . .. . . . . 74,717 ..Large enterprises . . . . . . . . . . . . . . . . . . .. . . . 108,057 The organization of production distribution and trade is the highest paying sector in america. Entrepreneurship rules.
  • BUSINESS TERMINOLOGY, SCALE. ESTABLISHMENT (small/craft) An establishment is a s

    BUSINESS TERMINOLOGY, SCALE.

    ESTABLISHMENT (small/craft) An establishment is a single physical location where business is conducted or where services or industrial operations are performed.

    FIRM (regional/industry): A firm is a business organization consisting of one or more domestic establishments in the same state and industry under common ownership or control.

    ENTERPRISE(National/Federation) An enterprise is a business organization consisting of one or more domestic establishments under common ownership or control.

    –VS–

    SIZE

    Very small businesses Fewer than 20 employees

    Small businesses 20 to 99 employees

    Medium businesses 100 to 499 employees

    Large businesses 500 or more employees

    THEREFORE THIS GRAPH

    …………………Establishment -> Firm -> Enterprise

    Large >500

    ^

    Medium >100

    ^

    Small >20

    ^

    Very Small >0

    WHAT DOES IT LOOK LIKE?

    It looks like half of the people are employed by LARGE organizations, the majority of the rest by Small and very small.

    I look at it like this:

    Given Median Family Income: 50K:

    500*50K=25M * 4 = 100M+

    100*50K=5M * 4 = 20M+

    20*50K=1M * 4 = ~5M+

    1*50K=50K * 4 = 200K+

    WHY?

    Revenue per employee goes up with scale.

    Ratio of employee to equipment costs balances out.

    As an average we tend to use 30%. (Since I’ve largely been in technology, I have never run a business where it is that low).

    If we use the median income, and multiply by four that seems to produce a fairly good “rule of thumb”.

    WHATS THE HIGHEST PAID OCCUPATION IN AMERICA?

    Management of companies and enterprises . . ..104,041

    ..Enterprises with fewer than 500 employees . . . 76,484

    ..Very small enterprises . . . . . . . . . . . . . . . . . . . 155,557

    ..Small enterprises . . . . . . . . . . . . . . . . . . . .. . . . 70,065

    ..Medium enterprises . . . . . . . . . . . . . . . . .. . . . . 74,717

    ..Large enterprises . . . . . . . . . . . . . . . . . . .. . . . 108,057

    The organization of production distribution and trade is the highest paying sector in america. Entrepreneurship rules.


    Source date (UTC): 2016-10-03 02:09:00 UTC

  • Natural Law Isn’t Complicated

    Imagine you visit a totally alien island, and have no knowledge of manners, ethics, morals, traditions myths, rituals, laws, institutions, and metaphysical value judgments. History is replete with the difficulty of establishing communication, trust, cooperation, trade, and especially, non-conflict.

    But because of natural laws we can start from the lowest methods of communication: giving gifts, and avoiding threats, while maintaining capable defense. It is these lowest common denominators that we refer to with ‘natural law’. *Impose no cost, nor threaten to impose a cost, upon those who have expended efforts in the accumulation of whatever reproductive, productive, institutional, and territorial assets that they have.
  • Natural Law Isn’t Complicated

    Imagine you visit a totally alien island, and have no knowledge of manners, ethics, morals, traditions myths, rituals, laws, institutions, and metaphysical value judgments. History is replete with the difficulty of establishing communication, trust, cooperation, trade, and especially, non-conflict.

    But because of natural laws we can start from the lowest methods of communication: giving gifts, and avoiding threats, while maintaining capable defense. It is these lowest common denominators that we refer to with ‘natural law’. *Impose no cost, nor threaten to impose a cost, upon those who have expended efforts in the accumulation of whatever reproductive, productive, institutional, and territorial assets that they have.
  • Why Will Fiat Currency Always Exist?

    The truth is that fiat currency is such an advantage that a people cannot compete without it. Competing currencies and commodities exist but they are not anywhere near as price stabilized as fiat money CAN be. So we are always going to have it. Probably digital will replace it and it will have to because the abuse of it has gotten out of hand. What real purpose does government debt serve over simply printing money and paying with it? You pay the price of interest in order to delay the equlibrial neutrality of money working through the economy. In other words, the faster new money moves the faster prices in the existing cycle of production adjust. Fast adjustment is bad if it interferes with production ( planning ) cycles. So instead we pay interest and sell government debt so that we inflate away the interest at about the same rate that prices adjust in the economy.

  • Why Will Fiat Currency Always Exist?

    The truth is that fiat currency is such an advantage that a people cannot compete without it. Competing currencies and commodities exist but they are not anywhere near as price stabilized as fiat money CAN be. So we are always going to have it. Probably digital will replace it and it will have to because the abuse of it has gotten out of hand. What real purpose does government debt serve over simply printing money and paying with it? You pay the price of interest in order to delay the equlibrial neutrality of money working through the economy. In other words, the faster new money moves the faster prices in the existing cycle of production adjust. Fast adjustment is bad if it interferes with production ( planning ) cycles. So instead we pay interest and sell government debt so that we inflate away the interest at about the same rate that prices adjust in the economy.