Sunday, August 27, 2017

Zero-Gain Zero-Loss

Recently I had a discussion with a successful Black entrepreneur. He said that Black economic empowerment (BEE) was unfair. I asked him what he meant. He said that (some) companies employed Blacks at 20% higher salary. With the higher salary, together with the employee's sub-standard performance (he said), the employee was zero-gain zero-loss for the company. They were superfluous -- but the advantage to the company was BEE accreditation. OBSERVATION: However, compare this with the perspective of The Economist: "Since well-educated blacks are scarce, companies fight over them. For instance, a large industrial firm, Barlow, offers newly-qualified black accountants roughly 20% more money than their white colleagues ..."

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