Thursday, March 15, 2018

How Tax Rates and Profits Can Lead to Expanding the Economic Base

Its great when corporations believe America has a competitive tax rate and are interested in further investment. Even better that investors receive higher returns on their investment and create more financial capital.  To make these benefits widespread corporations and their stock owners must reinvest this capital in American businesses to ensure that new jobs are created and the economic foundation expands. The profit and reinvestment cycle creates a whole host of  other"trickle" benefits through society.

There are a few things the expanding economic based can do for the economy. First, it can increase the amount of business and transaction volumes between businesses; secondly, it can create additional demand for skilled labor which in turn improves job expansion; third, it improves tax revenue through the amount of business and people paying taxes; and, fourth it pushes universities and trade schools to teach relevant skills thereby improving the potential for greater investment and innovation later on.

-Business Volume: The improvement in the amount of business within the system generating revenue. As the density increases so do the volume of transactions that lead to added value on products and services.

-Job Market: As businesses reinvest in U.S. businesses they hire more people and put demand on wages. The labor market gets better and more people are employed through demand and supply mechanics.

-Tax Revenue: More businesses and labor force participation rates equates to a higher volume of taxes. While the rate can be important it is more important to have higher profit companies and higher wage employees paying taxes to create tax revenue surpluses that can be reinvested into infrastructure. This in turn improves the functioning of current businesses and raise the attractiveness to investors.

Universities and Skills: Universities and skilled trade schools will offer students relevant opportunities to update their skills and obtain the education they need to fill current labor market gaps. As these skills become available, more companies are willing to move into the area due to a ready labor market with labor and intellectual capital.

This process doesn't function well if companies take their high profits and reinvest them overseas. It becomes a net outflow to the economy and we are not able to reap the benefits of profits. Likely, one of the criticisms of globalization and movement out of the U.S. market. Creating an attractive business environment would help ensure that businesses find the U.S. market as one of the most attractive investment locations when compared to other options.



Wednesday, March 14, 2018

Fast or Slow Repetitions to Build Muscle

When people hit the gym every day they want to maximize their benefits with the time they are investing. Being efficient seems to make sense when you have specific goals in mind. For some it is strength while for others it is bulk. Fast or slow repetitions will make a difference in which goal you actually achieve.

Fast Repetitions: Faster repetitions will get you strength. This is helpful for those who seek to create speed and strength for sports such as boxing, running, basketball and others that require fast twitch muscles.

Slow Repetitions: Slower repetitions will afford the opportunity build bulk. If you are looking to create a strong physique and seek to look "fit". As the slow down the repetition you are engaging slower fibers and creating more tears.

Which is better?

It depends on what you want strength & speed or bulk. There is a place for both and you can mix up some of your routines to train both types of muscle fiber. Repetitions that are slow should be somewhere around a second or two and slow should be three to four seconds. Working one a few weeks and then another could be helpful here.

Job Postings Tell Us Something About Needed Technology Skills from Graduates

One big question often asked is what technology skills do graduates need in order to find their first marketing job. There are lots of ways to look at this problem but using job postings is a great idea for understanding what employers are seeking. It is they who do the hiring so it is they who have some level of expectation from graduates.

After an analysis of job postings it was determined that basic skills needed by graduates was analytic skills, life long learning mindset, ability to work independently (Schlee & Karns, 2017). The categories were Excel (31%), other software (30%), project management (29%), database skills (27%), data analytics (24%), and web analytics (21%). Employers also wanted graduates to have some type of internship and experience.

What we see is that marketing graduates need general ability to function on their own and look at information critically. Yet they also need to use basic tools in the marketing industry successfully and have some experience doing so. Offering graduates these opportunities may well position them to align to job criteria.

Yet this may also be somewhat dependent on what type of job graduates expect to have, what area, and at what pay. However, as a basic entry point this knowledge is helpful because curriculum can be adjusted to provide more exposure to these needed skills. Still...the student will need to list that on their resume to have it noticed.

Schlee, R. & Karns, G. (2017). Job requirements for marketing graduates: are there differences in the knowledge, skills, and personal attributes needed for different salary levels? Journal of Marketing Education, 39 (2).

Albert Einstein's 129th Bday-What We Can Learn About Genius

The genius who invented the Theory of Relativity turns 139 today....assuming he was still alive. A few weeks ago I read a book on his life and thought it is not what you expect to find when thinking of genius. He didn't fit the standard prototype of a prodigal child and had some serious ups and down in his life. It was the way he thought that made the biggest difference.

Einstein was seen as a genius a little later in his life. Most people thought he was relatively dumb in his first part of his childhood. He wasn't even much of a good student and nearly failed a class. Yet later on in life he bloomed and started to write papers. Even then he had a hard time finding an academic post and continued to work in a patent office.

While very intelligent one of the most important things I believe he said was...

“We cannot solve our problems with the same thinking we used when we created them.”

Genius is a way of thinking it isn't the simple recall of information. Standardized tests only sometimes capture genius but usually miss out on more creative abilities and complexity of thought. As long as you can memorize steps you can give the right answers but genius sometimes have a problem with the standard answer. 

Whether you are in business or just solving personal problems you should learn that to tackle a problem and find a more holistic solution may require you to think about those problems in a new way. With some mental training and good brain circuitry you may be the type of person who can discover new ways of tacking an issue. 

Tuesday, March 13, 2018

Enjoyment of Contact Sports Like Kenpo and Boxing

There is something to be said of contact sports and the adrenaline that comes from engaging in them. While I'm not an adrenaline junky I do believe that such sports are useful on a physical and psychological level. While maybe not everyone's "cup of tea" I feel that putting them into your fitness activities can be helpful in the process of rounding out your personality and abilities.

The first think you can think of is the fitness side of it. Yes boxing specifically will get you into shape while much of the background work must be done at the gym. So it gives you a focus for your workouts. Getting better and stronger takes a level of commitment.

It is also a useful skill. While one should not walk around like they are a "god" among men it is a useful skill if one is attacked. We hope we live in a safe world but we sometimes come across physical intimidation by others who have not learned other ways of handling conflict in a non violent manner.

There is also the psychological aspect that comes with both fitness and the ability to defend oneself. There is higher inner confidence because you know you can hold your own. This is important in the way you talk, walk, think and engage with your environment. Confidence and arrogance are two different things and knowing the difference is important.

Ok...so the few stings of a practice beating with an opponent does sort of stink yet the overall benefits outweigh the few bruises you might receive. Learning against a bag is one thing but having a practice opponent is another. To get a feel for the weight of another person, seeing their movements, and preempting their attacks teaches body language skills.