Saturday, September 10, 2011

Freshman Economics

It's the day after the President's jobs speech and I'm picking up my 9th grader and his buddy from school... I say to them, "dudes, I have a question for you; let's say you own one of the top two restaurants in town, and are in need of a cook... Three people apply:

There's John; he's one of the area's best chefs and currently works for the other one of the top two...

Then there's Jane; who recently lost her first chef's job due to her employer going out of business... Their food was, uh, well, they're out of business...

And lastly there's Jim; who just got laid off at another local restaurant... They say he's a pretty good chef, but, well, he got laid off...

So whom do you hire?"
They, without hesitation and in unison reply, "John"...

I say "good answer. But what if I told you that Jane's been unemployed for 7 months, and Jim's a veteran... Which, in either case, would win you a very nice, one-time, several thousand dollar tax break?

Now whom do you hire?"
They, with a half-second hesitation and in unison reply, "John"... (not at all concerned with the amount of the tax credit)...

I say "why?"... The hitch-hiker answers, "if your food's the best, your customers will keep coming back. You'll make a lot more money that way."

I then ask, "so what if you didn't need a new cook, but the government was going to give you a big chunk of money for hiring one anyway (if he/she's a vet or been unemployed for 6+ months), would you?"

They, (still not concerned with how much) without hesitation and in unison reply, "NO"... (a smirky teenager that's-a-stupid-question kind of "no")... Asking why would have been an intellectual insult and inspired more smirkiness, so I didn't...

So how is it that a couple high school freshmen have a better business sense than the authors of The President's jobs bill? You think maybe it's because they lack political instinct?

1 comment:

  1. The president has never been in business for himself and maybe the kids are smarter and see the long range picture better than our president....

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