I'm not quite where you are wealth-wise but definitely I have had that moment several times recently where I am re-evaluating hiring out work I would have just done myself in the past. I didn't have some big windfall, but pretty much earned and saved my way to wealth. Now it is hard to not do things like fix my own cars as well as bring my own lunch. I do them out of habit now. That's the discipline. Anyways, you don't want idiots working on your cars and you don't want to eat at restaurants all the time.
It makes no sense to me why the CEO and higher ups of the company I work at still work there. They are already set for life many times over. I can only speculate that they share a character flaw that they all see as virtuous. However it isn't--they are impeding someone's chance to "make it" in life, especially the older executives who could have stepped aside a decade ago or more. Even if you just look at the absurd salaries, it doesn't paint a pleasant portrait of greed in America.
There is a great absurdity to life in America. We basically work for the appearance of something that ends up being eaten away to a large degree. Taxes and inflation keep the goalposts moving away but we don't rebel because it's a magic trick and who doesn't like magic?
I don't work because I enjoy it but because it is a means to an end that is a better formula than some other arrangement. I would happily volunteer my time, travel, read, or simply do nothing if I could.
“t makes no sense to me why the CEO and higher ups of the company I work at still work there. ”
My theory is that they simply like their work and get satisfaction from it. They get paid a lot but they also work a lot and I can’t imagine anybody doing this to themselves if they didn’t genuinely like it.
If that were the case, most executives would stay put for decades and take pride in their company. Executives are mercenaries, staying for a few years and moving once someone offers a bigger slice of pie. Lots of people are addicted to exponential growth and wealth and blinded by the damage this behavior wreaks on everyone else.
The work argument is bullshit too. I'm convinced with a few months of hands on training, any passionate and competant person can do the job of a CEO. It is really a job that lacks any qualifications beyond managing a small network of people. CEOs don't work 100x as hard as someone working full time and a second job to make 1% a CEOs pay.
We know the medically "sitting back, and enjoying your retirement" results in a quick death. Doctors now tell people entering retirement to "stay busy". It doesn't matter if you build birdhouses, play chess, or any of the other million things you can do, but don't sit back and relax.
I think most CEOs - used to working extra hours/hard have the least idea what they would do after they retire.
My sibling and their significant other are those sorts of people - both made it very high up their respective professions by their early 30's, but when it's time for the Christmas get together, it's a pissing contest about "Oh, I'm only working 70 hour weeks, so I've had some relaxation the last little while." There's little identity outside of work, amassing the cash, then taking vacations with the money, and turning around and doing it all again.
There is a much higher rate of sociopathy among corporate executives [0]. It’s still a small rate probably, but it also likely means that some fraction of the people seeking these positions are doing so to derive sadistic pleasure from authority and power. Yes, they also want wealth, but they may persist even after money is no longer important because the position gives them power to soothe narcissistic & sociopathic tendencies.
I think doing something and then learning that you are good at it is pretty intoxicating in general. People who make it to the upper levels of a company are extremely good at playing the games you have to play and there is a lot of external validation in it too. I am just a little tech lead but I also get a kick out of my team of a few performing well. I can't even imagine how exhilarating it is to have an influence on hundreds or thousands of people and to play with millions and billions of dollars.
> It makes no sense to me why the CEO and higher ups of the company I work at still work there.
I expect a large number of middle/upper-middle class people would already be made for life if they just moved to a low cost area/country and simplified their lifestyle.
It makes no sense to me why the CEO and higher ups of the company I work at still work there. They are already set for life many times over. I can only speculate that they share a character flaw that they all see as virtuous. However it isn't--they are impeding someone's chance to "make it" in life, especially the older executives who could have stepped aside a decade ago or more. Even if you just look at the absurd salaries, it doesn't paint a pleasant portrait of greed in America.
There is a great absurdity to life in America. We basically work for the appearance of something that ends up being eaten away to a large degree. Taxes and inflation keep the goalposts moving away but we don't rebel because it's a magic trick and who doesn't like magic?
I don't work because I enjoy it but because it is a means to an end that is a better formula than some other arrangement. I would happily volunteer my time, travel, read, or simply do nothing if I could.