John was the CEO of ACME Toothpaste and he was always looking for ways to make his factory more efficient. One of the areas he was looking into was the problems caused when an empty box somehow made its way to a store without containing a tube of toothpaste. When a large box packed with individual boxes of toothpaste arrived at a store, the store would check in the big box and then unpack the individual boxes onto the shelves. If one of the individual boxes was missing a tube of toothpaste, it caused a lot of inconvenience for the store and the company because of the amount of time it took to straighten out the accounting, refunds, etc. On top of all that, empty boxes made the toothpaste … [Read more...] about The $500,000 Solution to a $12 Problem
Archives for February 2018
College Degree And Income Potential
Everyone "knows" that college graduates make more money than people without a college degree. So, if you take everyone with a college degree and put them in bucket A, and put everyone without a college degree in bucket B, the average wage of bucket A will be higher than B. So, does that mean you should get a college degree in order to get higher income? Does getting a college degree actually help you earn more money? No. It doesn't. The real thing that will help you earn more is acquiring valuable skills. Many people acquire skills in college, so it isn't surprising that college graduates on average make more money. However, if you put everyone who has valuable skills in one … [Read more...] about College Degree And Income Potential