Category Archives: Of Interest

Having a robot boss would eliminate biases (and a whole lot more!)

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I recently read on Harvard Business Review that robots are now becoming managers. All I can say, is that I hope they get paid well. After work, the robots hang out at a bar that specializes in “oil tasting.” No, not olive oil either. Just kidding about the oil tasting. The robots only use a highly refined type of synthetic “designer oil.”

Robot managers are better than humans in various ways.
1. You can’t have a personality conflict with a robot, unless you program it to have a difficult personality (which would be interesting.)
2. Robots can analyze large amounts of data to come up with good decisions that would be too vast for a human to compile.
3. Robots don’t mind working overtime just as long as they get their union mandated 15 minute oil break.
4. Robots don’t quit their job or have maternity leave so long as you hire a guy robot with a solid work ethic (and solid circuits.)
5. Robots don’t make intuitive decisions based on biases. Decision making would be more fair.
6. Many human managers are mediocre and fail to inspire their workers which leads to disengaged workers.

In my opinion, disengaged workers are the biggest problem that management has to deal with. The biggest part of the problem is that workers don’t feel appreciated or part of the team. Personality clashes or lack of compatibility are part of that. Having a robot doesn’t seem to solve this problem as a robot cannot stimulate that joy of working on a team with other humans.

I personally feel that robots should be used to assist managers at managing, but should not replace them completely. With more robot managers to help out, you might need less human managers. But, the main theme that I have seen in management is the ability to choose the right people, train them and bring out their best. A lot of bringing out someone’s best has to do with how often and how well you interact with them. A robot cannot interact with a human in a meaningful way unless you can program a personality into it (which might be a reality sooner than you think.)

It seems clear that a robot manager could decide purely based on numbers what to do, when to do it, and the most efficient way to do it. But, human concerns require a more intuitive touch that a robot would only be able to handle the numerical side of. So, yes, let’s use robots, but use them in proportion and use them the right way!

By the way, this blog entry was not written by a robot!

Should Native Americans lead the solar energy industry?

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I am seeing so much news about the protests at Standing Rock these days. It seems that modern society has an endless thirst for fossil fuels, but has no understanding about the permanent damage we are doing to our planet. The Native Americans in the Dakotas do understand the damage and that is why they are protesting. But, to end our dependence on fossil fuels, there need to be affordable alternatives. Solar and wind are easy alternatives that could become a lot more widespread if people would spread them.

Since Native Americans have a philosophy of loving the earth and animals, it seems only reasonable that they dominate the solar energy field. They would believe in it the most strongly, and also serve as a good example to others. If the world seems people using solar energy and wind power in America, the rest of the world will gradually follow, even if it is more expensive.

If solar becomes mainstream, there will be more research into more efficient ways of building solar infrastructure and the price of the solar equipment will go down making it affordable. Another factor to consider is that solar energy is much more cost effective if the energy is used when and where it is produced.

Solar energy is much more easily produced in the American Southwest where it is sunny 95% of the time. However, the Germans have been successfully using solar energy for 30% of their winter energy needs when it is snowing, raining, or cloudy. If Germans can use solar in the winter, then anyone can use it successfully.

The other thing to remember is that there is terrible unemployment in Native American parts of the country. Having a solar industry where they live would give much needed jobs. So far the only successful industries in native areas have been casinos and jewelry. It would be nice to see people making money at doing something wholesome like alternative energy instead of gambling which is detremental to the human race.

What types of stocks should you be buying?

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I always warn my friends not to trust funds. When you buy shares of a fund, you don’t know what you are getting. There are too many stocks to get to know any of them. To me it is safer only to have six to eight stocks and know their behavior well. Some stocks crash in a recession while others hold steady like Coca-Cola. If you have a fund with 500 stocks, you might be fooled into thinking you are “safe.” But, when the market crashes and you lose 80% of value, I’ll be holding on to KO (coca-cola) stock which only loses around 25% in a bad crash. Coke holds its value when the market fizzles.

My basic ideas for investing include the concept that whatever you buy should hold its value during the worst of times including war, famine, drought, depression, unstable interest rates, etc. I like stocks that stay steady during a stock market crash. I also like stocks that deal with very basic products that people will always need. Here are some of my basic categories for investing.

Food & Water
Coca-Cola and Pepsi are the two best conglomorates for food and bottled water. In a bad water shortage or war, these two companies will survive well while others will perish. They also do well in stock market crashes.

Basic Products
Proctor & Gamble, Johnson & Johnson and other companies that deal with basic grocery store or drug store products seem pretty stable to me.

Basic Technology & War Technology
IBM, LMT (Lockheed Martin) and RTN (Raytheon) are companies that sell technology or weapons that the government needs in peace or war, but especially in war. You have to plan for war, especially these days when there will be wars and rumors of wars.

Banks
Banks sometimes have very low price/earnings ratios which is wonderful, especially if they offer good dividends. The danger is that banks can lose their value in a bad crash while the stocks that sell commodities basic to survival stay steady. Banking stocks also can fluctuate with interest rates which is a great way to make a quick profit if you play the market correctly.

Oil & Transportation
The problem with oil and transportation stocks is that in a crash, people use less oil and have less products to transport. Oil and railroad stocks can make you a nice profit, but owning too much can be a danger when the economy slows down.

Airlines & Auto
These two are very unstable, but have very low P/E ratios. Warren Buffet bought some Delta Airlines a few months ago and has gotten a 37% appreciation in such a short time. Warren pays attention to hundreds of stocks and is always ready to buy when he sees a bargain.

I put most of my money into the top four categories and put less into medical, innovative technology and other types of stocks as they are too unpredictable. I love the prospect of having a gain, but not if it involves too much risk. I put less than 10% of my money into volatile stocks as a safety precaution. But, with stable stocks, you can make good money if you profit from the small ups and downs in the market. If you can make a 4-8% profit on stocks with a short turnaround of a few days, weeks or months, that is a way to make a very nice profit at the end of the year if you play your cards right.

At the current time of December, 2016, I am selling, or have sold most of my bank stocks and bought more food oriented stocks as they went down in price and have become more affordable. The bank stocks went up as the public thinks that Trump being in office will enhance banks ability to make money. The public might just be right!

Value Investing — how much cash to keep around

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For the last few years I have been trying to master the art of value based stock investing. I tried Warren Buffet type stocks, but had limited success. I decided that what you buy is as important as when you sell. I purchased CBI too late. Warren had already sold his shares, but I didn’t even realize it because I have no way to get news of what Warren Buffet owns until after the fact. The stock crashed, and I had to hold on to it for along time with hopes that it would come back up — and it just did.

My main stock strategy consists of assessing values of solid companies and having a mix of banks, food, and tech companies. I do not buy much outside of these sectors. I’m paranoid of a horrible depression where the only companies to survive are the ones that deal in food and bottled water such as Coca-Cola and Pepsi. When one stock goes up and another goes down, I sell a little of the one that went up and buy a little of the one that went down. To implement this strategy successfully you need to like a stock enough to keep buying it when it goes down. That means you don’t lose faith in it. Only really solid companies qualify for this type of investing such as Coca-Cola, IBM, Wells Fargo, etc.

But, what I realized was that I didn’t keep any cash on hand. If some stock went down all of a sudden and I needed to buy it, I had to sell something else at a possibly inopportune moment to get the cash together. I’ve recently decided to try to keep a certain percentage of my assets in my investment account in cash, so that I’m ready to jump on an unexpected opportunity. I keep my eye on the stocks I’m ready to buy. But, instead of buying what I like. I decide upon a threshold price to buy a particular amount. If I have cash on hand, I can put in a buy order for an amount slightly lower than what its trading for and get a really good price.

There might be five stocks I’m interested in trading slightly above the assigned value that I gave them. I might put in a buy order to the particular stock that is closest to the desired price. And then a few days or weeks later, perhaps another stock might be closer. By using this strategy of using assigned values and buy orders I can get a buying price roughly two or three percent lower, as well as a slightly higher selling price using selling orders.

Some people trade stocks with the desire to make a killing. I just am happy to get a good dividend and make between 4-12% on a fast trade. I might buy and sell in a few days, weeks or months and make this percent only to turn around and get another undervalued stock and try to do the same thing. The strategy so far is effective. The only problem is me — I’m not an expert investor. But, I’m sharpening my instincts daily and watching the market every morning tracking forty of my favorite stocks.

Warren Buffet’s stock algorithm cracked?

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I am not a very seasoned investor and I don’t know Warren Buffet’s entire stock algorithm. But, I have a good idea about parts of it.

Yes, Warren Buffet likes a company that has been around for a very long time that will not go out of business. Yes, he looks for good margins of operation and return on equity. He looks for companies with a “moat” where competitors cannot just run them out of business. But, there are things about Warren Buffet’s stock buying practices that you might not be able to guess just by crunching numbers. He looks for P/E ratios, but also low P/B ratios as that is statistically the best indication for the greatest increase in stock price in the long run.

Conglomorates
Warren Buffet likes conglomorates that buy up smaller companies as he finds them steady and a good business model for the future. In the tech world, IBM seems to be the best conglomorate as they are huge and buy up smaller companies. Google and Facebook are in the process of becoming conglomorates too, but they lack the same stability as IBM who made it through the great depression which is a huge achievement for a company. I’m not sure if companies who made it through the last depression will make it through the next one — but, in my opinion, they are a better bet than new companies.

Good Vibes
What? Is Warren Buffet a hippy now? If you read about Warren Buffet, you’ll know that his sidekick Charlie Munger used to go around to companies and walk around and talk to people. He could tell very quickly if people were happy at the company, and if they looked like they were working efficiently. My stock algorithm never predicted what Warren would buy until I started meditating on companies. What does this mean? I regularly meditate to get an idea of the mental state of the management and workers at a particular company. Some companies are more aggressive, while some have stress, happy people, anger, or other emotions. If I am going to invest lots of money in a company, I want to see happy and productive workers in my vision. Warren’s picks for companies don’t always measure up with numbers (although they don’t do poorly either,) but they do quite well when I meditate on them. WFC, KO, IBM, AXP, PSX and KHC all did splendidly in my meditation and I bought stock in each company as well as others.

Premonitions
I have been testing my psychic skills in the market. My accuracy rate was about 65% which is not bad. Anything above 50% is super. But, sometimes the cmpanies with the good vibes are not the ones that you will make money on. Sometimes it is companies that took a temporary dip in value that are going to bounce back and make you a quick 10% that are the ones to invest in. I meditated to see which companies I thought would do the best in the next four years. Warren Buffet’s picks yet again did quite well in my meditations, particularly IBM, KO and a few others. I also thought that Starbucks and Facebook (companies Warren doesn’t touch) will also do well in the next few years. Not to sound funny, but I take pleasure in owning SBUX and FB — it makes me happy! I’m convinced that Warren is very psychic and has an excellent sense of human nature. It seems clear that Warren knows long ahead of time which stock will not only go up, but go up a lot. I truly believe he is a 21st century oracle, and understanding what makes him tick could unleash the secret to your success!

Are the British the most sensitive to quality in outsourcing?

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Is the UK the most sensitive to quality in outsourcing? It would appear so. I just did some analysis on my stats for my outsourcing directory. I do a cleanup of my outsourcing directory every several months. The cleanup involves removing companies that are out of business, fixing expired phone numbers and replacing them with current numbers, demoting companies with bad phone habits to the bottom of the list, and more. The result of my work is having the top ten or so companies on my list being top notch which makes life easier for those searching for great outsourcing companies.

The question is, how does my work affect my web stats? I took readings for click averages from many companies at various times of the year. I took readings before I did cleanups and after. Countries like the UAE and Saudi Arabia clicked more when there were more total listings while the UK drastically preferred to use my directory immediately after I did my cleanup. In fact, the click rate from the UK went steadily down month by month after I did my cleanup. The minute after I did another cleanup after roughly 100 days, the clicks went back up again! Blimey!

So, it seems that the Brits are the most sensitive to quality of any nation while those in the Middle East and India often prefer quantity. Is it possible to please everyone?

Do you handle money well?

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A friend tried to introduce me to a woman. But, I learned that the woman wanted to control all of the money. I like to control money because I trust myself and feel I am reasonable at it as well. Also, I feel it is the man’s job to control the money, not the woman’s, but try explaining that to Chinese women who want to control everything!

If you marry a woman, you need to be on the same page about money. And if you run a business, you need to be sensible about handling money as well. Here are my pointers.

1. Don’t acquire debt.
Having debt is bad. Debt requires you to make monthly interest payments which can really zap your resources. Additionally, debt can become runaway debt which is very dangerous. Borrowing money for interest is forbidden in many religions and exactly for this reason as it can cause economic slavery. If you buy a building for your business, in that situation, you might need to borrow. But, try not to borrow a large percentage of the proceeds. Try to have a large portion of the equity to keep yourself stable.

2. Spend in moderation
Some people spend all of their money on nice cars, clothes, frivolities. I am not like this. have fun, travel, and maintain my health and comfort with acupuncture, massage and eating out, etc. However, I save money every month. I keep money in the bank, stocks, bonds, gold, etc. This is a great way to be stable in any economy. If business gets bad, I have money to fall back on for a very long time

3. Have liquid assets.
Every month, I save a little bit and add it to my nest egg. I keep a lot of money liquid instead of putting it all in a house because you never know when you need to take your money out. It makes more sense to buy a house after you have a few hundred thousand in liquid assets. But, others rarely manage their finances this way and they pay for it in the long run. If you lose your job, you still need to make house payments which is hard if you have no savings. So, have lots of liquid assets and be financially stable.
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4. Diversify your savings
My recommendations for diversification includes buying: Stable stocks, gold, having cash, safe bonds, etc. Stocks should be in four or more industries, but I don’t think it is necessary to have stock in all fifteen industries othewise you’ll focus too much on the industry and not enough on which stocks actually make sense to buy.

5. Safe diversification vs. risky diversification
Stock “experts” always want investors to diversify a little too much. It is good to have money in different industries, but there are other points to consider. If you are in 20 different industries in stocks that are all volatile, during the next crash you will lose everything. Some people like buying indexes as it is “safer,” but if your entire index crashes by 80% in the next depression, how safe are you really despite what all your upper middle class educated friends might claim? They are not financial experts despite their PhD. If they were financial experts, they would not be upper middle class, they would be wealthy and hanging around the country club instead of talking to you!

I put my investments in Banking, Food & Beverages, and general Medical manufacturing like Johnson & Johnson. These are stable industries that we always need. I consider the auto industry, transportation, and airlines to be very risky. But, just because you invest in banks doesn’t make you safe. Some banks like Wells Fargo are stable and have a good growth rate while Citibank might fold in the next decade or two.

6. Know your stock metrics
If you invest in stocks, there are several metrics you need to understand to take the guesswork out of the stocks.

Growth: How fast has the industry grown in the last 30 years?

Stability: How stable is your industry in a recession?

Profit margin & return on investment tell you how efficient the management is compared to other companies in the same industry.
P/E ratio is the most important metric as that tells you how much income you get for each dollar invested.

P/B: However, P/B ratio tells you how much the assets of the company are worth compared to the price of the stock which is a good metric as an indication of future growth potential according to the experts.

Equity: I also look at equity ratios as I consider companies that are too high in debt to be risky.

Earnings Stability: Last, companies that have irratic earnings don’t see safe. I look for companies whose income is stable and grows slowly over time.

7. Bonds should be safe
If you are an expert in junk bonds, good for you. But, for the rest of us, we need to be able to bank on our money. Safe bonds might include bonds for nations that are not too high in debt like Chile or Peru. Companies like Disney, Coca Cola, Wells Fargo, etc., are very stable and offer high rates on long term bonds. Wherever you invest, check the credit rating of the company or country. Also, get a few different bonds from different sources just in case one goes belly up.

8. Invest in your business
I believe in investing little by little in my business. I do not make sudden investments. I invest in good writers and pay them by the piece. I invest in programming little by little. I also buy a new computer from time to time. Advertising is a constant expense. When you invest little by little, you can get a better sense of what the investment is getting you rather than betting your life on something that might never happen. if you want to start a huge BPO, instead of investing in a huge office, learn the business from the ground up. Start in your living room and work your way up slowly. That is financially stable. You can get wiped out and lose your life savings if you try to grow too fast!

Regions & countries with stagnant populations have stagnant economies.

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In the United States for example, the states that experience the most immigration have the best economies. States like California, Connecticut, New York, etc. have booming economies. States like Mississippi that have had the same people for the last few hundred years tend to have slower economies. There is a correlation between population movement and wealth. Part of the correlation is that wealth attracts new populations from other regions. The other part of the equation is that people who move tend to be more highly motivated and hence will work harder in most cases than local born people.

In California for example, the first generation Mexicans here will work under the worst conditions for minimal pay in the fields, kitchens, or painting houses for example. Their children are hard workers as well, but prefer cleaner work conditions. People in America who are fourth generation have a work ethic, but are more picky about what they do. But, in sluggish states where people have been in the same region for ten or more generations, sluggishness (and hospitality) seems to be a way of life for many.

Europe’s population seems to be stagnating as well. New ways of doing business are not always embraced. The language differences make international trade more complicated. And last, the national divide and the countries going in and out of unions also make Europe a tough place to get things done. In North America, you can get products from Mexico to Canada in hours by truck. The manufacturing and distribution is very efficient and companies are always using new techniques. We embrace new foods, new cultures and new ways of doing things in America while Europe seems to be stuck in tradition.

The immigrants in Europe offer a hope to boost the decaying population whose growth is negative. But, Europe doesn’t know how to handle immigration. They don’t embrace differences, they don’t accept others, foreigners live in ghettos, and it is harder to find work. If you accept immigrants without assimilating them it creates a polarized society.

The other problem with Europe is that they don’t pick their immigrants well. If you pick hardworking decent people from the Middle East and integrate them into society, you will end up with prosperity. Europe is not intelligent enough to be able to figure this out. Instead, they let in ruffians, terrorists and bums and wonder why their girls are getting raped, and why attacks are happening all over France and other areas. Europe picked the wrong people, segregated them, and then suffered the consequences. Do you think Europe will figure out that they need to pick the right people and be a little more accepting of them?

How Much is the Transaction Fees for Bitcoin Transfers?

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Transaction fees are always processed and received by the miner. When a new hash is used to generate a successful bitcoin block, all the transactions information is included in the block together with transaction fees which are collected by the miner. The miner is free to assign bitcoin fees as he pleases.

The person making a bitcoin transaction has a voluntary will because he can include any costs to the transactions or not at all. However, no new bitcoin miner necessarily needs to accept transactions and create a new block when created. Therefore, the transaction fees is an incentive levied on the bitcoin user to ensure that a transaction is included in the next generated block.

It is overseen that the collective transaction fees out of cumulative effect allow new block creators to make earn more coins than those mined from new bitcoins that are created from new blocks over time. This is an incentive levied to allow for the trial to create blocks even when the newly created blocks amount to zero in future.

In the past, the sender used to pay the full amount of bitcoin network transactions. The fee was deducted from the received amount. The recipient often considered it as an incomplete transaction.

Network security is one of the most important services miners provide. This big network of hash rates is covered by miners to keep bitcoins safe from hackers and bad actors. These miners need some little cash for this purpose to pay for their hardware costs, electricity and other bills. ASIC mining hardware keeps the bitcoins secure through the working proof. Therefore, these miners get paid through bitcoin’s block combination transaction fees and rewards.

Block rewards is a significant income that provides the miners an income. They start at 50 bitcoins per block the previous number is 20 bitcoins per block. It dropped to 12.5 bitcoins per block this year.

Classical Hip Hop — a radio show about Jazz, Rap, and Classical Music.

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I was having this dream that the symphony’s soloist couldn’t make it to a concert, so they hired a street musician named Ned to play funk saxophone with the symphony. In my premonition, the audience loved Ned so much they put thousands of ones in Ned’s saxophone case which he left on stage (at Carnegie Hall) and he was able to get off the streets for a few weeks.

In real life a few days later after this premonition, I was at Walt Disney Concert Hall which I inappropriately call “Symphony Hall” since I’m an East Coaster origionally. There were several world class school bands playing who were the best of their class. One band had 63 members and came all the way from Malaysia to play music that was far harder than any high school band could possibly master. Last, there was a professional wind ensemble of 101 members called Symphonic Winds from Woodland Hills, California.

Symphonic Winds of Los Angeles area was so good, I could tell while they were tuning up that they were top notch. Their performance was so good that I was blown away (pun intended). Their performance went from a accoustical gale to an symphonic typhoon which filled the whole hall with glorious sounds. After the performance, I wondered if the musicians had a scotch to “unwind” (another inexpensive pun on wind instruments — sorry.)

But, what if there were a radio show called classical hip-hop. The theme song would have a hip-hop drum beat with a funk saxophonist taking turns playing or dueling with a classically trained violinist and pianist playing contemporary sounding music. What an odd sound idea. But, the diologue of the DJ’s would be even more interesting.

JAZZY: (gravely voice) Hi, this is jazzy Fred, comin’ at ya in New York. How y’all doin today? We have a lively program from some cool classical cats like Vivaldi, Levi-Strauss, and more.

EDWIN: Ah yes, the harmonious sounds of the Baroque era. By the way, that is Strauss, not Levi-Strauss. You wear Levi-Strauss’ work, you listen to Strauss.

JAZZY: Oh… Gotcha. Well, anyway, you know what time it is.

EDWIN: Actually, I don’t, I left my watch at home and I’ll be damned if I know where I left it.

JAZZY: Well, you’ll find it — player.

EDWIN: Actually, I’m more of a listener than a player.

JAZZY: I hope you don’t mind Edwin, but I invited a cool cat up to the studio to hang with us. We go way back.

EDWIN: I wish you hadn’t done that. I’m unfortunately quite allergic to cats.

JAZZY: Well I bet you ain’t allergic to this cat. Boy you should hear him play.

EDWIN: I have a long string right hear, I’m sure we will have ample fun watching this feline play with it.

JAZZY: Here he is. Shorty — how you doin?

SHORTY: I’m doin all—- right….

EDWIN: Hello Mr. Shorty, I was going to inquire as to whether or not you had been neutered, but I see that the question no longer needs to be presented to you.

SHORTY: Neutered? After my first wife cranked out triplets, I considered it now that you mention it. But, my wife wasn’t down with that.

EDWIN: I see. Well just give her a stiff drink and perhaps she’ll appear to be more down.

SHORTY: When I first met Jazzy, I asked him if he played jazz or if he played it straight. He asked me what playing it straight meant. I explained to him that meant classical music. He was sober in those days.

EDWIN: Well indeed yes, there is nothing worse than curvy music, especially in this day and age. But, modern classical music does tend to be rather dissonent. I’m not sure if there is anything straight about it.

SHORTY: So, Jazzy, how do you like my new threads?

EDWIN: Now I see why you call him a cat. He likes threads so much, he must be a cat in human form.

JAZZY: Nah, ya-see, calling a brotha’ a cat is a manner of speaking. It just means a guy who likes to hang out.

EDWIN: So, would a “cat” then chase tails?

JAZZY: Oh my God. You actually used an experession that we would use for the first time. This is a triumph for classical hip-hop, where worlds collide.

EDWIN: Yes, where worlds collide, but without all of the predicted meteor showers and the like.

If you are sluggish paying people you owe – metaphysical realities

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The beginning of the month was very sluggish in sales. I knew our industry was slow, but it had never been this slow in over ten years. Since I “study” metaphysics by observing reality, I was thinking that perhaps there is a metaphysical solution to this problem. Sales had been down by 40% and I was not sure if I would have to change the way I do business to compensate for this loss. However, I noticed one thing. I was behind paying my programmer by a few weeks. I owed him $3000. The minute I wrote the checks and put them in envelopes, the incoming money flow shot up immediately.

Another thing I noticed is that tything or giving money to reputable charitable organizations really helps keep your income up. Metaphysically speaking, if you help others, and sacrifice your heard earned money for the sake of someone else’s welfare, the universe will help you succeed. The universe’s goal is to help the worthwhile people make their way up the totempole and keep the selfish people at the bottom.

So, if business is slow, or you need better luck, be better about paying people, tything, and do daily prayers as well!

Does it make sense to have a minimum wage or raise it?

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It seems nonsensical to have a minimum wage. In a free market economy wages are set by supply and demand. The minute some socialist government like the government of the United States wants to start meddling with wages, there will be a lot of unemployment. Young boys who have never had a job are not worth minimum wage. They’ll sit around unemployed and then get into selling drugs while illegal Mexican immigrants take the jobs that those young boys were morally entitled to. Although the illegal immigrants are paid under the table, they are paid a market wage which is about $4 per hour which is a lot less than the $10 per hour in California. Now, they want to raise the minimum wage.

Minimum wage means unemployment for blacks and more illegal immigration which brings crime, drugs, kidnappers, mafia, and more. Having minimum wages increases the chance that employers will have to break the law out of economic necessity. After all, how can you hire Americans and give them benefits, when your competition is hiring illegals for $4 per hour with no health insurance?

Since America is a country that is selective about which laws they enforce, you should have less laws. Less laws means less problems enforcing whatever laws you keep. If they enforced illegal immigration laws, there would be fewer workers which means higher market value wages. In that case, the market wage for restaurant work and other cheap labor might be $12 to $15 per hour without government meddling.

What about having a maximum wage? Nobody has ever talked about it before. Maybe doctors shouldn’t get paid more than a certain amount. Maybe a clerk at McDonalds shouldn’t make more than $15 per hour no matter how good they are. I feel we are regressing deep into socialism while China has become a playground for capitalists. Invertendo is the word my spiritual Master uses to describe this situation where we become the opposite of what we were and someone else becomes what we were instead.