The greatest flaw of capitalism is employment. Employment is defined as an arrangement by a corporation where individuals submits to the three great sins of capitalism: fixed time, fixed place, and fixed pay. This arrangement deprives individuals to the most important resources one needs to become rich: money and time.
Last Updated: Saturday, May 18, 2019
First published: Monday, October 15, 2018
In my previous article, I defined employment where it applies to contractual arrangement where an individual needs to go to work at a fixed time period, at a fixed place location, for a fixed pay (salary). These 3 "fixes" are the Three Great Sins of Capitalism.
Fixed time period means an individual needs to be in the office during the Golden Hours. The period of time from the morning to late afternoon (usually 9 AM to 6 PM) of a working day (usually Mondays to Fridays).
Fixed place means an individual needs to be at location which is usually the office where the person is contracted to report to work.
Fixed pay puts a ceiling of income potential to an individual no matter how much (or how little) efficiency and productivity an individual works.
The definition of employment, in the context which it is enslavement of individuals and is a curse to capitalism, applies only to contractual requirement of an individual by a corporation where the conditions of fixed pay, fixed place and fixed pay are fulfilled.
Employment in this context does not apply to contractual positions where an individual can choose to work whenever and wherever he or she wants. When an individual can manage his or her own time and decide the best different locations to work, it empowers him or her to have unlimited opportunities and therefore there is no ceiling to income potential.
We need to look at history. In the past, we did not have the Internet and the telephone. During those days, we had to go to an office to work so we can interact with our co-workers because meetings and direct face-to-face communications were the only means of communications.
We need to understand history in order to realize that the practice of going to work at a fixed time period at a fixed place location is a remnant of the historical requirement of working. That is because in the old days we simply had no means to communicate with our co-workers if we don't go to work.
Today, we have mobile telephones and the Internet with modern communications applications with features such as multi-party video-conferencing, instant messaging, document sharing and so on. These are modern technologies which empower individuals to be even more effective and productive to interact with co-workers, clients and vendors and can be even be intercontinental.
It is a shame today that even with the advent of modern communications technologies, the historical practice of going to work is still common. In other words, the reason why we need to go to work is a practice carried-on from the historical period when we did not have the Internet or even the telephone.
We not only waste hours of commute time, but also wasting the energy and fuel of cars and trains that transport us between our homes and offices. Further, instead of living in non-urban areas, we concentrate and live in cities, just because we need to go to an office to work.
Human civilization has come a long way. In the past, masters owned slaves, and ownership were complete - 24 hours of lives of each day of slaves belonged to their masters.
Today, our society has defined a period of time I call the Golden Hours. During this period, almost all business activities happen and nothing else really happens after this time frame. It is the time from about 9 AM till about 6 PM on every Monday to Friday. This is the most important time frame of your life. If you use it efficiently and productively, you can advance your career, do lots of business, and make lots of money.
On any given work day where it is not a national holiday, the Golden Hours is about 8 to 10 hours a day. Each week, it is about 40 to 50 hours. And on a monthly basis, it is roughly about 140 to 180 hours.
Make no mistake, you have only 140 to 180 hours every month to work and ownership of these hours is ownership of your life. The employer and employee relationship is an evolution of our historical slavery system. Employer owns the employee during the Golden Hours time period, and employee are expected to submit to employer to do things for the employer.
An employee is expected to submit to his or her employer during the Golden Hours period. An employee is not expected to do additional business during this Golden Hours to make more money, because after all, during this time period he or she belongs to his or her employer.
The employer compensates the employee for a fixed pay, and in some cases, some overtime and bonuses. For whatever amount the employer pays to the employee, the employer makes multifold the profit. That means if a company is paying some bonuses to employees, the shareholders are probably reaping multiple times the reward.
The employer expects him or her to work during this Golden Hours and does not expect him or her any ability to make more money beyond what he or she is being paid for by the employer.
Further, many employers forbid employees to moonlight in their employment contracts. Though it is not legally enforceable in many countries, it is a practice to intimidate and control the expectations of their employees. Employers shamelessly want to own their employees and demand loyalty through legally unenforceable practices through such intimidation tactics because most people do not understand the labor law framework and rights.
Full ownership of Golden Hours by an employer puts an income ceiling on an employee and blocks out potential opportunities for the individual to make more money. Full ownership of your Golden Hours is full ownership of your life.
In an employment arrangement, you will usually have a boss, supervisor or manager who will judge you. Your bonus and promotion is in the hands of this evaluating person judging based on his or her bias, preferences, philosophies and criteria.
In most employment arrangement, it is a full-time work agreement. That means you only have a single source of income. Worst, it is a non-residual income which means when you quit the company your income will stop completely. You could have built some products for your employer and the company could continue to sell them for residual revenues, but you are entitled to none of those profits.
Saying no to employment is a journey which may be take you 5 or 10 years to become self-employed or an entrepreneur. You'll need two essential skills: technical skills of your trade; and business skills.