50 Is the New 65: Older Americans Are Getting Booted from Their Jobs -- and Denied New Opportunities

[Turbineguy]

172. I'm reading a new book

"Eyes Wide Open" by Noreena Hertz. She goes into the "quant" mentality and its shortcomings. Some things just can't be precisely calculated or measured.

I once took an expensive technical course in Switzerland. As a result I made a number of much better decisions than I otherwise would have. Since history was changed, we have no way of determining exactly what the return on investment was. That's how it works.

There simply are not that many jobs where experience doesn't count. The important thing is that many MBA's making the decision to rid themselves of "expensive" employees do not know what these jobs entail. And since they got rid of their talent and cannot be seen as being wrong, they have to double down on the stupid and increase turnover at ever lower pay to compensate.

I suspect that the world is beginning to see where this is leading. In any case, the sooner the better.

In my management courses I talk about an "ideal organizational efficiency" which is not 100%, but things run smoothly and people are fairly happy. "In Class, On Schedule and Under Budget" as we used to describe it (in this context "In Class" means that the classification society, such as Lloyds of London, ABS or DNV has no negative issues with you).