This post was originally written for my previous blog.
The vast majority of all companies have multiple sources of income. That way the loss of a few clients or a decline in sales is not fatal. This is so fundamental no one really thinks twice about it.
Just like companies, people have many parties fighting for their money, but unlike companies, the vast majority of all people have only one source of income - their salary. This is also so fundamental no one really thinks twice about it.
Why do the folks who build companies make sure they have a redundant set of revenue streams, while the rest of us settle with only one? Why do we put all our eggs in one basket?
One could argue that clients and sales are probably more volatile than an employer, but you could also argue that is taking a risk that may prove high.
Obviously this is why we have unions, unemployment funds, welfare funds and all sorts of insurances, but maybe they are all the result of a system that is inherently broken - a system that we are all to blame for.
Sun 16 June 2013
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