The needs of a wife are nothing like that. A close human bond demands a tolerance, an ability to adjust, to moderate one’s own actions and to accept criticism, even unreasonable behavior at times, to listen to all kinds of chatter and hear the real message behind the words. Above all, it needs the sharing of self, the dreams and the fears, the laughter and the pain. It means taking down the defenses, knowing that sooner or later you will be hurt. It means tempering ideals and acknowledging the vulnerable and flawed reality of human beings.
A proper profit sharing formula results in increased productivity that can pay the workers a reward that is not inflationary. Profit sharing has been practiced by this company (popularly known as Johnson Wax) for over 50 years. Through all kinds of economic weather, it has helped greatly to promote productivity.
Profit sharing in the form of stock distributions to workers would help to democratize the ownership of America’s vast corporate wealth which is today appallingly undemocratic and unhealthy. The Federal Reserve Board recently published data from which it is possible to estimate the degree of concentration in the ownership of publicly traded stock held by individuals and families as of December 1962. Preliminary analysis of these data indicates that, despite all the talk of a “people’s capitalism” in the United States, little more than one percent of all consumer units owned approximately 70 percent of all such stock. Fewer than 8 percent of all consumer units owned approximately 97 percent—which means, conversely, that the total direct ownership interest of more than 92 percent of America’s consumer units in the corporation-operated productive wealth of this country was approximately 3 percent. Profit sharing in a form that would help to correct this shocking maldistribution would be highly desirable for that reason alone.… If workers had definite assurance of equitable shares in the profits of the corporations that employ them, they would see less need to seek an equitable balance between their gains and soaring profits through augmented increases in basic wage rates. This would be a desirable result from the standpoint of stabilization policy because profit sharing does not increase costs. Since profits are a residual, after all costs have been met, and since their size is not determinable until after customers have paid the prices charged for the firm’s products, profit sharing as such cannot be said to have any inflationary impact upon costs and prices. [Testimony before the Joint Economic Committee of Congress on the President’s Economic Report, February 20, 1967.]
“No, Don Camillo; you didn’t exactly steal it. Peppone had two cigars in his pocket. Peppone is a Communist. He believes in sharing things. By skillfully relieving him of one cigar, you only took your fair share.” [“Night School,” The Little World of Don Camillo , New York: Pellegrini & Cudahy, 1950, p. 36.]
Profit sharing…represents the “test of the market,” and, as such, provides a flexible and accurate norm of performance. Since profit sharing involves a test of the market, rewards are only paid when they can be afforded. This is an important advantage over incentive plans that operate on the cost side of an organization.
Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II…wage rises could be financed out of inflationary price increases. But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation. Thus a new way of finding fluidity will inevitably be imposed on management and labor alike. The profit-sharing, or “progress” sharing union contract is the only possible way of satisfying labor and the consumer without saddling industry with fixed costs that in depression periods can kill off marginal companies like flies.
I am on the Federal Reserve Board in Richmond and…have felt for many years that we must discover a more effective way of combating the cancer of inflation…. We in business had better get smart enough to come up with a plan that will strengthen free enterprise…. I am more convinced than ever that the only way to resolve some of the basic ills that have brought about two digit inflation is for business to devise new means of rewarding employees with compensation over and above regular rates of pay…. It seems to me that the concept of profit sharing as a means of extra compensation has been grossly overlooked and under publicized as an important plan of attack to bring inflation under control.
Two grand tasks have been assigned to the English people--the grand Industrial task of conquering some half, or more, of the terraqueous planet for the use of man; then, secondly, the grand Constitutional task of sharing, in some pacific endurable manner, the fruit of said conquest, and showing all people how it might be done.
Now there grows among all the rooms, replacing the night’s old smoke, alcohol and sweat, the fragile, musaceous odor of Breakfast: flowery, permeating, surprising, more than the color of winter sunlight, taking over not so much through any brute pungency or volume as by the high intricacy to the weaving of its molecules, sharing the conjuror’s secret by which—though it is not often Death is told so clearly to fuck off—the living genetic chains prove even labyrinthine enough to preserve some human face down ten or twenty generations . . . so the same assertion-through-structure allows this war morning’s banana fragrance to meander, repossess, prevail. Is there any reason not to open every window, and let the kind scent blanket all Chelsea?
Time sharing: The use of many people by the computer.
In order to stop inflation, and to promote domestic economic growth, the following three-fold program, I believe, is imperative: 1) Controls on the money supply through continuing fiscal and monetary measures. 2) A massive educational and action program designed to enlist government, labor, and management collaboration to increase productivity at both the micro- and macro-economic levels. 3) Development of “noninflationary flexible reward mechanisms” for sharing the productivity gains and profit gains with all factors of production/distribution. Well designed and communicated profit sharing programs can play a unique role in helping the United States in its present battle against inflation both as an “organizational” incentive capable of motivating everyone in the company to increase productivity and reduce costs: and as a “flexible reward mechanism” to give all factors of production/distribution the opportunity to earn “more” on a non-inflationary, as-earned, basis directly related to the enterprise’s ability-to-pay.
One ideological claim is that private property is theft, that the natural product of the existence of property is evil, and that private ownership therefore should not exist… .What those who feel this way don’t realize is that property is a notion that has to do with control — that property is a system for the disposal of power. The absence of property almost always means the concentration of power in the state.… So many of the new nations which were established as democracies after the second world war, during the decolonizing process, have now changed their system to state-socialism. Small elites run them, and they aren’t sharing societies. They aren’t even socialist. The power of the state has been merged with business property) and you have the greatest concentration of power that’s possible. [ Nation’s Business , February 1976.]
This blissful paradise we were sharing, our strange arrangement, was drowned by my dismal reality. I was not one he could hold.
Our economic assistance must be carefully targeted, and must make maximum use of the energy and efforts of the private sector…. Economic freedom is the world’s mightiest engine for abundance and social justice…. Developing countries need to be encouraged to experiment with a growing variety of arrangements for profit sharing and expanded capital ownership. [Speech on foreign policy presented to the American Legion, February 22, 1983.]
One of the proven ways of getting workers more involved with their jobs is by dovetailing employee profit-sharing and stock ownership plans with greater responsibility sharing…. Trade unions in this country should…consider these arrangements much more carefully than they have up to now…. Expanded employee profit participation and stock ownership would provide workers with a greater measure of economic and social independence, thus stimulating increased productivity….
The breakdown in collective bargaining in recent years is due to the difficulty of labor and management trying to equate the relative equity of the worker and the stockholder and the consumer in advance of the facts…. If the workers get too much, then the argument is that that triggers inflationary pressures, and the counter argument is that if they don’t get their equity, then we have a recession because of inadequate purchasing power. We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold…. If the workers had definite assurance of equitable shares in the profits of the corporations that employ them, they would see less need to seek an equitable balance between their gains and soaring profits through augmented increases in basic wage rates. This would be a desirable result from the standpoint of stabilization policy because profit sharing does not increase costs. Since profits are a residual, after all costs have been met, and since their size is not determinable until after customers have paid the prices charged for the firm’s products, profit sharing as such cannot be said to have any inflationary impact upon costs and prices…. Profit sharing in the form of stock distributions to workers would help to democratize the ownership of America’s vast corporate wealth. [Testimony before the Joint Economic Committee of Congress, February 20, 1967.]
Property is surely a right of mankind as real as liberty. Perhaps, at first, prejudice, habit, shame or fear, principle or religion, would restrain the poor from attacking the rich, and the idle from usurping on the industrious; but the time would not be long before courage and enterprise would come, and pretexts be invented by degrees, to countenance the majority in dividing all the property among them, or at least, in sharing it equally with its present possessors. Debts would be abolished first; taxes laid heavy on the rich, and not at all on others; and at last a downright equal division of every thing be demanded, and voted. What would be the consequence of this? The idle, the vicious, the intemperate, would rush into the utmost extravagance of debauchery, sell and spend all their share, and then demand a new division of those who purchased from them. The moment the idea is admitted into society, that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence .… [ The Works of John Adams , “A Defense of the Constitutions of Government in the United States of America,” by Charles Francis Adams, Vol. IX, Freeport, NY: Books for Libraries Press, pp. 376-377.]
The current search for new educational funnels must be reversed into the search for their institutional inverse: educational webs which heighten the opportunity for each one to transform each moment of his living into one of learning, sharing, and caring.
The joy of life discovered by the Greeks is not a profane type of enjoyment: it reveals the bliss of existing, of sharing \x97 even fugitively \x97 in the spontaneity of life and the majesty of the world. Like so many others before and after them, the Greeks learned that the surest way to escape from time is to exploit the wealth, at first sight impossible to suspect, of the lived instant.
Collective bargaining has become a dog chasing its own tail, with inflation eating up wage increases before workers ever get a chance to spend them. Even the union leaders who bring home the fattest contracts these days are concluding that some new stabilizing element is needed to keep the extra purchasing power from draining out of their members’ pay envelopes.[p]The welcome fruit of this discontent may be a growing concentration on wage plans geared to sharing efficiency, as measured by productivity or profits, in place of the sterile “battle for the buck.” [Labor Editor, New York Times ]
The position which Christianity from the very beginning took up with regard to Judaism served as the first lesson in comparative theology, and directed the attention even of the unlearned to a comparison of two religions, differing in their conception of the Deity, in their estimate of humanity, in their motives of morality, and in their hope of immortality, yet sharing so much in common that there are but few of the psalms and prayers in the Old Testament in which a Christian cannot heartily join even now, and but few rules of morality which he ought not even now to obey.
Until several months ago…I viewed ESOP as simply a new variation of the old “profit sharing” schemes which often had served as a bulwark against effective unionization…. The comments you (L.O. Kelso) made on 60 Minutes (March 16, 1975)…impelled me to seek additional information about two-factor theory and ESOP…. I have concluded that (ESOPs) make a helluva lot of sense, and that unions could have served their members far better than they have if they had made an effort to secure a second income for their members through negotiating employee stock ownership programs. [Business Manager, Local 5-6 Gas Workers Union July 24, 1975.]
Belief has its structures, and its symbols change. Its tradition changes. All the relationships within these forms are inter-dependent. We look at the symbols, we hope to read them, we hope for sharing and communication.
I really believe that if there's any kind of God, he wouldn't be in any one of us — not you, not me, but just this space in between. If there's some magic in this world, it must be in the attempt of understanding someone else, sharing something.
Business and labor are both in the same boat and it is almost suicidal for workers to think they can prosper by making it less profitable (or completely unprofitable) to employ them. Most glaring example of this kind of suicide is the Maritime Union which was so successful in getting all the wage increases it demanded that the American flag vanished from the seven seas…. Railroad labor has been almost equally successful in pricing itself out of the market…. Admittedly these may be extreme examples of labor pricing itself out of work, but union leaders would be wise to recognize before it is too late that they are harnessing the profit motive to disemployment when they force wage increases far in excess of productivity gains…. [S]uccess will depend on the employers’ willingness to offer such generous profit sharing that every worker will realize that his own bread is richly buttered on the same side as his employer’s and will have a maximum incentive to maximize productivity and minimize waste in order to increase his own income.
Time-sharing is the junk-mail part of the computer business.
In a little over 100 years we have moved from an economy where most people were motivated and rewarded by profits to one where millions of our fellow citizens are wage-earning employees who are not so motivated or rewarded…. [The corporate form of business organization lacks for employees the element of personal involvement in the fortunes of the enterprise that is inherent in partnerships and family farms that once accounted for the employment of almost everyone…. Millions…work for wages alone. They do not share in profits or losses except indirectly in ways not apparent to them…. The sharing of success as measured by profits…makes each individual feel he is a responsible member of the group. Profit sharing is the recognition of the importance of the individual, whatever his job, to the success of an enterprise.
Our present inflation is the end result of wage costs having been pushed above market level…. Wage increases above market level (which is productivity level) result only in higher prices (or unemployment), giving government no choice but to turn the money crank sufficiently to cover the price rises. The expansion of the money supply causes the inflation which is now proceeding at an ever accelerating rate….turning off the money supply suddenly will not stop an inflation without severe unemployment, unless the prices of all factors in the market are flexible—which is no longer true since labor has the power to push wages ever upward…. Nor will coercive wage and price controls stop the inflation.[p]Nor will voluntary price control work unless labor unions willingly control wages, which they will not do unless assured of receiving a satisfactory quid pro quo…. Wage increases need to be brought within productivity increases…. [L]abor will cooperate fully only when it is given adequate incentive to do so…. [This] means profit sharing with the entire spectrum of workers included…. [P]rofit sharing would provide the grand alternative to Karl Marx, who wanted to destroy private ownership and deny man’s need to own things. Capitalism should provide the reverse: individual ownership for everyone, paid for out of his own productivity and in proportion to it. [Needs citation.]
Profit sharing should be exempted from…wage-price restrictions because it is not a cost of doing business (as are pensions and other fringe benefits) but a method of distributing the results of a successful company operation, extremely useful in motivating employees towards increased productivity.
Suppose a nation, rich and poor, high and low, ten millions in number, all assembled together; not more than one or two millions will have lands, houses, or any personal property; if we take into the account the women and children, or even if we leave them out of the question, a great majority of every nation is wholly destitute of property, except a small quantity of clothes, and a few trifles of other movables. Would Mr. Nedham be responsible that, if all were to be decided by a vote of the majority, the eight or nine millions who have no property, would not think of usurping over the rights of the one or two millions who have? Property is surely a right of mankind as really as liberty. Perhaps, at first, prejudice, habit, shame or fear, principle or religion, would restrain the poor from attacking the rich, and the idle from usurping on the industrious; but the time would not be long before courage and enterprise would come, and pretexts be invented by degrees, to countenance the majority in dividing all the property among them, or at least, in sharing it equally with its present possessors. Debts would be abolished first; taxes laid heavy on the rich, and not at all on the others; and at last a downright equal division of every thing be demanded, and voted. What would be the consequence of this? The idle, the vicious, the intemperate, would rush into the utmost extravagance of debauchery, sell and spend all their share, and then demand a new division of those who purchased from them. The moment the idea is admitted into society, that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence. If “Thou shalt not covet,” and “Thou shalt not steal,” were not commandments of Heaven, they must be made inviolable precepts in every society, before it can be civilized or made free. [ Defence of the Constitutions of Government of the United States , 1787; The Works of John Adams , edited by Charles Francis Adams. 10 vols. Boston: Little, Brown & Co., 1850-56.]
Could there be a better answer to the stupidity of Karl Marx than millions of workers individually sharing in the ownership of the means of production. [1975 radio commentary.]
On the basis of his work each person is fully entitled to consider himself a part owner of the great workbench at which he is working with everyone else. A way toward that goal could be found by associating labor with the ownership of capital [through[ joint ownership of the means of work, sharing by the workers in the management and/or profits of businesses, so-called shareholding by labor, etc. [ Laborem Exercens . 1981.]
Imagine all the people Sharing all the world... You may say I'm a dreamer But I'm not the only one I hope someday you'll join us And the world will live as one.
Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.
Sally: C'mon, Ted, all I'm asking you to do is share your feelings with me. Ted: ALL? Do you realize what you're asking? Men aren't trained to share. We're trained to protect ourselves by not letting anyone too close. Good grief, if I go around sharing everything with you, you could hang me out to dry. Sally: It's called "trust," Ted. Ted: "Sharing"? "Trust"? You're really asking me to sail into uncharted waters here. -- Sally Forth
Marriage is not merely sharing the fettucine, but sharing the burden of finding the fettucine restaurant in the first place. -- Calvin Trillin
I feel like I am sharing a ``CORN-DOG'' with NIKITA KHRUSCHEV ...
Time-sharing is the junk-mail part of the computer business. -- H. R. J. Grosch (attributed)
compuberty, n: The uncomfortable period of emotional and hormonal changes a computer experiences when the operating system is upgraded and a sun4 is put online sharing files.
incentive program, n.: The system of long and short-term rewards that a corporation uses to motivate its people. Still, despite all the experimentation with profit sharing, stock options, and the like, the most effective incentive program to date seems to be "Do a good job and you get to keep it."
Time sharing: The use of many people by the computer.
"And it's my opinion, and that's only my opinion, you are a lunatic. Just because there are a few hunderd other people sharing your lunacy with you does not make you any saner. Doomed, eh?" -- Oleg Kiselev,oleg@CS.UCLA.EDU
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of misery. -- Churchill
FORTUNE DISCUSSES THE DIFFERENCES BETWEEN MEN AND WOMEN: #17 Shoes: The average man has 4 pairs of footwear: running shoes, dress shoes, boots, and slippers. The average woman has shoes 4 layers thick on the floor of her closet. Most of them hurt her feet. Making friends: A woman will meet another woman with common interests, do a few things together, and say something like, "I hope we can be good friends." A man will meet another man with common interests, do a few things together, and say nothing. After years of interacting with this other man,
psychiatrist, he'll finally let down his guard in a fit of drunken
sentimentality and say something like, "You know, for someone who's such a
jerk, I guess you're OK."