Sunday, October 31, 2010

Idea of Compensating Differential

Just as I was reading through the definition of "Compensating Differential" today, I was wondering how would this really work?

Wiki says: "Compensating differential is a term used in labor economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job. A compensating differential, which is also called a compensating wage differential or an equalizing difference, is defined as the additional amount of income that a given worker must be offered in order to motivate them to accept a given undesirable job, relative to other jobs that worker could perform. One can also speak of the compensating differential for an especially desirable job, or one that provides special benefits, but in this case the differential would be negative: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs."

If this works, then the next time when you need a pay hike, tell your supervisor, that the job you are doing is undesirable... Would you be paid more? :P

Friday, October 15, 2010

Attention Span Of a Rodent

It all actually started with "How can a common joe feel empowered?" and "Selling Progress to this generation". Generation is mentioned here, not to address any specific age group. Its everyone who is by far living in the same time and year.

This generation has a very bad attention disorder (should I include me?..Anyhow thats not the point)

Lets consider, Mumbai attacks (2008) that took place recently for instance. The good part was media covered that the people of Mumbai were able to go ahead with their regular life the very next day of the attack. But, on further thought, Does it not look like that people forget everything instantaneously. (Am not arguing here whether that was the right thing..)

People do crib about lot of things /politics / infrastructure and do not do any further on the same and just go ahead with their life...

So..Why do people now, have an attention span of a rodent? Does he not bother? Or Does he quit bothering?

When some common joe tries to do something about solving the issues, which may for example be doing his best contribution in terms of money or service, approaching a collector or minister, the latter is more interested in clicking a picture with him rather than using him for any efficient purpose.. Let go the common man, this does happen to celebrities too. hahah...

How can he be empowered? Leaders of this generation (not the politicians, not the administrative function, but the education institutions and sensible media group) should shove this into the common man's throat by increasing his attention span...

Thursday, October 14, 2010

Interesting Blogging Statistics :-)

Blogging is a very powerful tool to express your thoughts and say "Hello World". Their are millions of blogs available and the people / countries contributing to it are displayed in the chart...

Whats the purpose to display the statistics?

It gives a more meaningful approach to why do I want to blog. Try and add into the pool of bloggers..I guess :-P

Why have I come here?
This piece of interesting statistic along with the cool looking pie chart shows that people are interested to look into blogs (Money, fame, technical, political, sports, news, weather, research, stocks, current affairs, social networking, blogging, health, food, business, family, friends, fame, travel, leisure, adventure, life and what not...)... I decide, I will contribute my part to it, trying to add value to the blogging community. I hope my posts make an appeal to you and can change the way we live... REVOLUTIONISE... :-)

Who Am I?
The About Me section will explain a bit... Iam here, to enjoy blogging, express my view on world, to know your thoughts on my views... Its going to be a mirror that I would look into. Your encouraging and healthy contributions are much appreciated..

What Am I going to do different here?
I would try and talk about worldly views from my perspective, provide facts, encourage constructive comments, try and add value to the society... (I will also have guest bloggers in here who can entertain and impress you with their talks)...

Whats my blog about?
Varied.. Posts will address different and varied audience.. Will label my blogs appropriately as possible..

Whats next?

Start Blogging...:-)