I don't have a lot of sympathy for MBA- holders, at the best of times. Their training is all about maximizing profits for businesses at the cost of quality for consumers. So many of our complaints about modern life can be laid at the feet (can be blamed, that is, in case you were wondering what laying at the feet meant) on some MBA: "Shrinkflation", the proliferation of commercials on pay-TV, the pestilence of junk-mail—and direct- mail advertising, the weird billing practices of supposedly not-for-profit organizations; MBAs are the engines driving all of these.
Musk may as well be an MBA; I don't think he has any applicable knowledge of any commodity, except investment. The Real Estate driven market crash of 2007-2008 was a result of MBAs gambling on mortgage insurance.
The rash of corporate takeovers, sophisticated cheating on taxes; in fact any screwy business practices are all blameable on MBAs. It's my belief that what MBAs learn in MBA School is nothing but screwy business practices.
Why the business world has stopped hiring MBAs is difficult to see, but an obvious reason could be that they've priced themselves out of being hireable. They've been well known for commanding huge salaries; now business executives are leery of making that kind of ongoing salary commitment, when a $15 an hour minimum wage is impending. At least the minimum wage folks are flipping essential burgers, while the MBAs would look like parasites most of the time, even if they're brilliant at ripping off senior citizens online!
Arch
No comments:
Post a Comment