Wednesday, January 25, 2023

Every plague has a rebound and so. Chaos Precedes Order (and Chaos again)

What is going on these days are normal there are rebounds after a plague. Inflation lost jobs, job growth and etc. It's like the laws of nature a correction, in time! It will be ok just go with the changes!

*****"Every new beginning comes from some other beginning’s end." - Seneca.

Despite the chaos that was the year 2020, we can look forward to a period of order again. Every system tends from an ordered state to a disordered state and back again. The year we experienced, was certainly a period of chaos that will precede a period of order. Many of our grandparents lived during or in the aftermath of World Wars. Some of our parents lived through the aftermath of those periods too. Throughout their lives, they experienced highs and lows, peaks and troughs, chaos and order.

This current period of chaos is accentuated because we have enjoyed an anomalous period in history, one of relative stability of the post-war period. We grew accustomed to sustained order, despite the chaos we experienced from the 2008/2009 financial downturn.

When we are experiencing chaos, it can be all encompassing, we can forget that there is order ahead. Our guest on Innovation Show 253 is John Rogers, John reminds us that the devastation of the “Black Death” was the chaos that preceded the Renaissance.

The Black Death Preceded the Renaissance

The bubonic plague or “The Black Death” of 1347 to 1351 was one of the deadliest epidemics in human history. The disease killed an estimated 75 million people, including up to 50% of the European populations affected. It was called the Black Death because of the black spots the bubonic form of the plague caused on the skin.

The plague, which was almost always fatal, spread most rapidly in cities, where people were in close contact with each other. To avoid the disease, those wealthy enough to leave the city fled to the country. Due to the sudden shortage of labour, innovations in production methods and farming took place. This is reminiscent of the current pandemic, in the absence of physical presence, innovations and acceleration of digitisation has swept through numerous industries. Digital connectivity (Zoom), online shopping (Amazon) and logistics (drone delivery: Manna Aero) have all benefited from the shift in the tectonic plates of disruption.

Of course, the Black Death, like Covid-19 was only part of the chaos of that period. The crisis of the late Middle Ages was a series of disasters in the fourteenth and fifteenth centuries beginning with the great famine, including climactic upheavals of warm periods and mini ice ages and war and political instabilities and religious upheavals.

If the Black Death was a symbol of the chaos of that period, it was followed by one of the most magnificent times in human history. The Renaissance marked a transition from the Middle Ages to a time of great social change. The word Renaissance is a French word that means Rebirth. Sometimes, the systems that prevailed needed to self destruct to be reborn and this is what appeared to have happened then and perhaps now. As Picasso said, “Every act of creation begins with an act of destruction.” This creative destruction must be accompanies by a shift in consciousness, from one of competition to one of collaboration. This is what happened during the Renaissance, what our guest on the Innovation show, John Rogers, the author of “The Renaissance Campaign” calls mixed tables.

Collaboration: An Accelerant of Order

In his 2014 book, Frans Johansson introduced what he called “The Medici Effect”.The effect is derived from the Medici Dynasty, an Italian banking family that came to power in the 14th century. The family used their considerable wealth to fund art, literature with the ultimate goal to accelerate cultural change. Johansson argued that innovation occurs when people from diverse industries, cultures, and disciplines collaborate and mix ideas from their various fields. This concept is what John Rogers calls a mixed table.

“If we truly want to advance society, intelligent, insightful people must be able to share their real thoughts without fear of backlash, and a mixed table, done well, can pro-vide that opportunity.” – John Rogers Episode 253 of The Innovation Show

Rogers has used this technique for decades as a way to innovate and seek solutions for wicked problems. Mixed tables involve the mixing of people from diverse disciplines such as creative fields like movie directors to army generals and business executives. The desired outcome is holistic thinking and thus complete solutions.

Chaos and order are bedfellows, they exist in a never ending cycle. When we understand this we can enjoy the order when it arises, while preparing for the chaos that will inevitably arrive. When we are in a period of chaos, we can manage it and take solace in the knowledge that order is on its way. Perhaps this period of chaos is akin to the crisis of the late Middle Ages. That crisis triggered a Renaissance. Perhaps we can trigger another Renaissance. https://theinnovationshow.io/plagues-precede-rebirths-chaos-precedes-order-and-chaos-again

Tuesday, January 24, 2023

Walmart pay going up $12 to $14!

 Not being able to hire people from the wages being too low or hiring from a bad labor pool of people willing for the low pay for a reason does need to change. You get what you pay for. The wages are too low in a future of most workers not going to be able to afford a EV yet alone to afford to charge it. All around the wages are too low! Like the last times the wages have gone up many people spend more money making more sales to everyone! We are all still here unless we all died and got reincarnated the last times the wages went up! More pay needs to get into the hands of the workers or no future!

****Walmart, America’s largest private employer, said Tuesday that it will raise its minimum wage from $12 to $14 an hour as it tries to retain store and warehouse workers in a tight labor market for lower-wage industries.

Walmart has 1.7 million workers in the United States, 94% of whom are hourly employees, according to its latest annual securities filing. The company hired hundreds of thousands of workers during the Covid-19 pandemic to meet strong consumer demand for groceries and other goods.

In many areas of the country, particularly southern states that have not adopted higher wage laws, Walmart’s starting wage often serves as the local minimum wage. The company’s move is likely to have a ripple effect across the service industry.

Walmart for decades been a target of criticism from labor groups for low pay, but it has been raising wages in recent years. Its latest move will close the gap with Amazon (AMZN), Target (TGT), Costco (COST), and other rivals. Amazon (AMZN) and Target (TGT) have a $15 minimum wage, while Costco (COST) starts at $17 an hour.

Walmart’s wage hike reflects pressure on chains to raise pay in a battle for labor. Walmart is trying to keep pace with rivals as well as cities and states that have been raising their minimum wages. The federal minimum wage has been $7.25 an hour since 2009. Washington State has the highest minimum wage in the country at $15.74.

While dozens of companies, including Walmart, have laid off corporate staff in recent months, demand for service industry workers remains strong. Walmart currently has nearly 30,000 store jobs listed on its hiring website.

The number of job openings stood at 10.5 million in November, according to the latest Labor Department reading, very high by historical standards and far more than the 6 million unemployed people looking for a job that month. There were more than 1 million job openings in the retail sector.

“The labor market remains competitive, particularly at this level. Hourly workers are still hard to find, and companies are continuing to compete for them by raising wages,” Andy Challenger, the senior vice president at outplacement firm Challenger, Gray & Christmas, said in an email.

Walmart US chief John Furner said Tuesday in a memo that the company’s wage hike will “ensure we have attractive pay in the markets we operate.”

The company’s move also comes as many low-wage workers need larger paychecks to deal with rising costs of food, housing and other inflation pressures. https://www.cnn.com/2023/01/24/business/walmart-raising-wages/index.html