August 25, 2025 • 19 mins
(August 25,2025)
How do the richest people in the world avoid paying taxes. Buyers are test-driving homes with sleepovers. Why we’re leaving the office earlier but still showing up on time. How Palm Springs has learned to loves its wind turbines.
How do the richest people in the world avoid paying taxes. Buyers are test-driving homes with sleepovers. Why we’re leaving the office earlier but still showing up on time. How Palm Springs has learned to loves its wind turbines.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're listen Saints kf I AM six forty. The Bill
handles show on demand on the iHeartRadio f KFI AM
six forty handle. Here. It is a Monday morning, August
twenty five. As we continue with the show, question to
(00:21):
the richest people in America avoid paying taxes? Well, pardon me,
you've always thought they did. And as a matter of fact,
the Joint Committee on Taxation in Congress as the richest
of rich Americans pay an average of thirty four percent.
The reality is they pay less than that. A new
(00:42):
study just came out and concrete numbers have been now
put by economists to this question. The average rate the
richest Americans pay is twenty four percent, and that number
has fallen in recent years. And I'm going to remain
low because well, one of the reasons, probably the reason
(01:02):
is thanks to the President Trump. The new study, it
combines data on corporate earnings, private wealth, individual tax payments,
not tax returns. I mean that would wrap it up,
but no, those are obviously secret for everybody. And it
confirms that with the real rich, the tax is regressive,
(01:28):
not progressive. Our system is progressive taxes. The wealthier you are,
the more you pay as a percentage. Well, when you
hit a certain level of rich, then it starts going
the other way. So billionaires pay lower tax than millionaires do.
Matter of fact, they pay lower tax than a lot
(01:49):
of middle class professionals. The study by UC Berkeley the economists, well,
we're talking about the ultra ultra ultra wealthy. But more important, Lee,
let's just talk about normal billionaires. When we talk about
the ultra wealthy, uber wealthy, we're not talking one percent
or even point zero one percent, but point zero zero
(02:13):
zero two percent. We're talking to Larry Elson, Elon Musk,
Jeff Bezos, Trump himself, and to study these billionaires. Here's
the big one, these super rich Americans who run companies.
And there is a difference between the guys who create
(02:35):
companies and the people who run companies. Now, when you
talk about CEOs that make massive amounts of money thirty
forty million dollars a year, most of it is in
stock that they're getting them and it's still income, and
it's the income is deferred and they're going to pay
(02:56):
less taxes. When it comes to the Zuckerbergs of this world,
and these were with one hundred and eighty billion dollars.
They don't take a salary. They work for one dollar
a year because they take a salary. It's ordinary income.
All the rest of us. I mean, I get taxed
on my income. It's ordinary income. And in California you
(03:20):
get nailed federal taxes if you have a long term
investment like stocks or bonds and it's real real estate
is returning. It's not ordinary income, and it's at a
lower rate. Ordinary income is what you earn at your job,
(03:41):
and the Feds you pay a lot less. I think
it's twenty eight percent. If I'm not mistaken, I don't
have much income that I don't work for. As a
matter of fact, I don't have any. So I'm at
the marginal tax rate. And in California, California doesn't care
where your income comes from, passive not passive. They don't
(04:02):
give a rats. It's all tax at the maximum rate
in California. So California, once you hit I think one
hundred and fifty or two hundred thousand dollars a year,
you're paying the maximum rate of taxes with the Feds,
and California at fifty two percent. Isn't that special? The
ultra wealthy do not pay fifty two percent. First of all,
(04:27):
none of them are crazy enough to live in California,
which is why people moved to Texas, which is why
they moved to Florida, because you're not paying income tax there.
Warren Buffett famelessly said, famously said, my secretary pays more
taxes as a percentage than I do because she makes
(04:52):
ordinary income. And when you own these companies, the quote loopholes,
we're talking about depreciation, paper losses that are allowed to
be deducted. You can carry those forward, so you can
lose money in a given year and it turns out
(05:13):
that the next year you can deduct that money or
the losses. And there are many of those loopholes. Depreciation
on buildings, for example, you own commercial buildings, and how
many of us own commercial buildings, Well, you get depreciation
on that building. Granted it's over many, many years, but
that means that is a tax write off. So is
(05:35):
it fair? Who knows? By the way, roughly thirty percent
down from well, let me go on, let me put
it this way. I want to go another way on
that one. The Tax Cuts and Jobs Act that was
passed in twenty seventeen during the first Trump administration brought
down the tax rate what thirty percent before that among
(06:01):
the wealthy, and the Big Beautiful Bill Act extends those
tax cuts, creates more business loopholes if you want to
call it loopholes, depends on you know, if you're taking
advantage of it, they're not loopholes. And lower taxes on estates.
And that's the other one of inheritance tax, which I've
(06:23):
always wondered that is so unfair. Inheritance tax which basically means,
let's say you leave an estate of a million dollars
and there are used to be you pay one hundred
percent or you pay the amount of I think it
was fifty five percent on inheritance. In other words, let's
(06:44):
say I'm inheriting ten million dollars, which I'm not. Well,
if it weren't for the exemption, I'd be paying five
of that to the government. Instead, I'm exempted. Do you
know how much you're exempted to your exemption? Eleven million dollars.
Not too many people leave more than eleven million dollars
(07:07):
to inheritors, children, family, that sort of thing. So at
least that part, well, it's the Republicans, the Conservatives who say,
come on. And they're right, because you've already paid tax
on that money. You have earned it, put pay tax,
and then put it into your savings. And now when
(07:27):
it goes to your kids, they pay tax on the
money that's already been tax Is that fair? Absolutely not.
But the exemption is so huge that at least that
takes away some of the hurt, or a lot of
the hurt, or most of the hurt, or all of
the hurt. If you're inheriting less than eleven million dollars, Okay,
(07:49):
we're done. By the way, paying inheritance taxes really means
that when you earn the money, you really don't keep
the money. You're you basically are renting your money and
then it goes back to the government. All right. Test
driving You always test drive your house, or you test
drive your car. I mean, you're not going to jump
into a car and buy its side unseen. And even
(08:12):
I used to do mattress commercials I still do occasionally,
and you test drive your mattress. Right, you go to
the mattress store and you jump on the bed and
the salesperson is telling you about how great the bed is,
and you know, look at this, so okay, that is
that the way to test the bed. If you really
wanted to test the bed, you go at night, you
put on your pjs, you put all the covers and
(08:36):
sheets on, and that's where you spend the night and
maybe you stoop on the bed with your spouse so
you know how it works. That's test driving a mattress.
How about test driving a house that makes more sense
than anything. That's the biggest investment of your life. And
(08:56):
you're going to live there, and do you go through
and see how hot the stove is right, what's the
flame like? How easy is it for you to turn
the air conditioner on? And how quickly is it cool?
And is there enough water pressure? And do the toilets
(09:17):
flush and they don't make noise? I mean, on and
on and on living there for a few days. Actually,
there are people that want to live there for a season,
a month or two to really get to know the house.
And it's become a thing now you rent it. I mean,
if you're ultra wealthy and you're looking at a multimillion
(09:38):
dollar home and you're a serious buyer, maybe you're apt
to say, okay, you can stay a few days, either
pay rent or in some cases, don't pay rent just
to sort of try it out. But for the most part,
buyers or sellers don't want you to live in the house.
You know, if I were to buy a house again,
and I just did as you know, I sold the
(10:00):
Persian Palace, and here I am in my new place,
and I bought it virtually sight unseen because there was
nothing on the market. It hit it checked all the
boxes that I wanted, and so moving in and man,
I found all kinds of problems. And if I had
lived here for a month, I may not have bought
(10:23):
it because the cost of repairing and redoing basically made
my house. No, not twenty percent, maybe ten percent more expensive,
Oh no, probably twenty percent more expensive than I wanted
to spend. That's a hit. I mean, that is a
(10:45):
big hit. So one real estate agent. This is a
Wall Street Journal article that I picked up, wanted to read,
I wanted to share with you. There is an agent
who represented a buyer looking at a fourteen million dollar
home and in Hollywood Hills, eighty five hundred square feet. Okay,
that's a big house. And the buyer said, you know what,
(11:09):
I went an overnight state before I buy it and
the agent said, good luck, and guess what the seller said, Yes,
So they had to buy a one day policy insurance policy.
I have no idea what a one day policy is
or how much it would cost for a fourteen million
dollar home. Yeah, I would say it's a chunk of money.
(11:32):
And they just lived there for a day, tried everything out,
and didn't buy the house. Turned out that the prospective
buyers didn't want a house that big. And how do
they know, Well, they lived in it and realized it
really didn't work. And by the way, there was the
(11:53):
same thing as the other side. There was a couple
who were looking at a six hundred thousand dollars four
bedroom home in Yeah, where do you find that? In
New York's Hudson Valley is where you find that? And
the clients had only lived in a together in an apartment,
and do we buy a house that needs cosmetic upgrades?
(12:17):
So they signed a contract for an overnight's day. The
buyers brought their mattress Linen's, and they were open about
what they were going to do. They tested the water pressure,
the air conditioning, the night time cricket chirping. Turns out
the house I have, I have neighbors who, let's say,
(12:37):
are loud and they throw a lot of parties. Now
I happen to be okay with that. The only problem
with them throwing parties, I don't get invited enough. But
that's me. But anybody else would have gone crazy, and
they wouldn't have known that buying the house. So that
(12:58):
couple had not bought the house either, someone else came
in and buy it. Test driving a house. How much
sense does that make? That's becoming more and more popular.
It makes all the sense in the world. I would
do that if I had to do it over again,
I do that. Would I buy this house? Yeah? I
probably would. Anyway, as the last half hour of the
(13:19):
show and this segment, I want to do something that's
kind of fun. I don't know if you ever heard
of productivity theater. It's a thing, and in the post
pandemic workplace, there's actually less pressure to be at our
desk for eight plus hours a day, so we reduce
our attendance. Okay, you still do the same amount of work,
(13:41):
but you reduce your attendance. That's not a good idea.
With productivity theater, we feel less conscious about leaving in
the afternoon by the way, we've accomplished most of our task,
we've had face to face with the boss and others,
and sometimes we logged back from home in the evening.
(14:03):
So slipping out before five o'clock is kind of understood.
It's not a sign of slacking up. Now. Showing up
late is a very different story. So let's say you
work instead of eight hours, you're working seven and a
half hours. Half an hour earlier at the end of
the day is very different than half an hour later,
(14:23):
even though it's still the same work product. Let's say
you're we start at eight o'clock, or your your shift
or your work hours are eight to five. Well, showing
up at eight thirty is not a good idea because
it feels like you're you look like you're lagging behind
(14:46):
colleagues who arrive sooner colleagues. That's productivity theater, where visibility
is key to playing the role of a dedicated employee.
It's it's really interesting. The study just came out, by
the way, on this when office workers clock in and
(15:06):
out helps quantify the nature of today's more flexible work habits,
the performance of the nature. So New Yorkers step away
from their desks thirteen minutes earlier than they did in
twenty nineteen. In Dallas, they leave earlier by eighteen minutes,
in San Francisco twenty six minutes. And why Well, first
(15:31):
of all, most social stuff happens in the afternoon, extra
curriculars with the kids. You're going home, making dinner, I mean,
morning you go to work, and so our personal lives
are more varied afternoon and evening, which is why morning
routines are not relatively unchanged, nor should they be for
(15:53):
you to be winning the productivity theater game. And bosses
are off early birds. That's just what they do. They
come in early and if you come in afterwards, hmmmm,
So how do you get their attention? Well, you come
in earlier than they do, and okay, now we have
(16:16):
their attention. According to JLL Vice chairman Kevin Keey Kelly,
that's a big company that studies employment more than any
corporate policy. The single biggest predictor of someone's attendance is
their manager's behavior. There's a voice in your head you
(16:38):
get to the office after you don't get to the
office after nine o'clock, that's not looking good. You don't
want to get to the office after your colleagues do
notwithstanding an equality work you do a Andrea Durler, who
leads a research at a human resources software maker, interviewed
(16:59):
fifty managers and said one of their greatest challenges is
assessing people's productivity. Now, certain jobs like sales, that's easy
that you can measure very easily, but in absence of
a measurement model, what managers tend to do is fall
(17:19):
back on signs of achievement, such as the number of
hours someone is seen working. And if someone bails out
early in the afternoon, you know, and maybe you're not
throwing away that as a manager, but you don't care
someone coming in half an hour later in the morning. Man,
(17:41):
that shows up. So productivity theater. It may seem like
someone is gaming the system, but yeah, it is and
it works. You want to optimize your hours for maximum visibility,
getting credit for contributions that otherwise go unnoticed. You want
(18:07):
to be seen doing a lot of work. And how
are you seen, well you're seen at the office. This
is another downside to working remotely and why so many
so many companies have asked people have a requested have
forced people to come back to work five days a
week because bosses want to see you, they want to
(18:29):
see you work, they want to see you at meetings.
As opposed to having these zoom meetings. Zoom meetings are
much more effective. They go much quicker, there's a lot
of less, there's much less bsing. But you know, how
(18:49):
do you suck up to a boss on a zoom meeting?
You don't personal meetings. Hey you're looking good day. Well,
I can't say that to a woman boss because otherwise
you're fired instantly and there's a lawsuit. But hey, you
look pricky today, and uh, you know, wow, what a
(19:12):
job you're doing. This is you sucking up to a boss.
By the way, bosses don't normally do that. Okay, you've
been listening to the Bill Handle Show. Catch My Show
Monday through Friday six am to nine am, and anytime
on demand on the iHeartRadio app.
You're listen Saints kf I AM six forty. The Bill
handles show on demand on the iHeartRadio f KFI AM
six forty handle. Here. It is a Monday morning, August
twenty five. As we continue with the show, question to
(00:21):
the richest people in America avoid paying taxes? Well, pardon me,
you've always thought they did. And as a matter of fact,
the Joint Committee on Taxation in Congress as the richest
of rich Americans pay an average of thirty four percent.
The reality is they pay less than that. A new
(00:42):
study just came out and concrete numbers have been now
put by economists to this question. The average rate the
richest Americans pay is twenty four percent, and that number
has fallen in recent years. And I'm going to remain
low because well, one of the reasons, probably the reason
(01:02):
is thanks to the President Trump. The new study, it
combines data on corporate earnings, private wealth, individual tax payments,
not tax returns. I mean that would wrap it up,
but no, those are obviously secret for everybody. And it
confirms that with the real rich, the tax is regressive,
(01:28):
not progressive. Our system is progressive taxes. The wealthier you are,
the more you pay as a percentage. Well, when you
hit a certain level of rich, then it starts going
the other way. So billionaires pay lower tax than millionaires do.
Matter of fact, they pay lower tax than a lot
(01:49):
of middle class professionals. The study by UC Berkeley the economists, well,
we're talking about the ultra ultra ultra wealthy. But more important, Lee,
let's just talk about normal billionaires. When we talk about
the ultra wealthy, uber wealthy, we're not talking one percent
or even point zero one percent, but point zero zero
(02:13):
zero two percent. We're talking to Larry Elson, Elon Musk,
Jeff Bezos, Trump himself, and to study these billionaires. Here's
the big one, these super rich Americans who run companies.
And there is a difference between the guys who create
(02:35):
companies and the people who run companies. Now, when you
talk about CEOs that make massive amounts of money thirty
forty million dollars a year, most of it is in
stock that they're getting them and it's still income, and
it's the income is deferred and they're going to pay
(02:56):
less taxes. When it comes to the Zuckerbergs of this world,
and these were with one hundred and eighty billion dollars.
They don't take a salary. They work for one dollar
a year because they take a salary. It's ordinary income.
All the rest of us. I mean, I get taxed
on my income. It's ordinary income. And in California you
(03:20):
get nailed federal taxes if you have a long term
investment like stocks or bonds and it's real real estate
is returning. It's not ordinary income, and it's at a
lower rate. Ordinary income is what you earn at your job,
(03:41):
and the Feds you pay a lot less. I think
it's twenty eight percent. If I'm not mistaken, I don't
have much income that I don't work for. As a
matter of fact, I don't have any. So I'm at
the marginal tax rate. And in California, California doesn't care
where your income comes from, passive not passive. They don't
(04:02):
give a rats. It's all tax at the maximum rate
in California. So California, once you hit I think one
hundred and fifty or two hundred thousand dollars a year,
you're paying the maximum rate of taxes with the Feds,
and California at fifty two percent. Isn't that special? The
ultra wealthy do not pay fifty two percent. First of all,
(04:27):
none of them are crazy enough to live in California,
which is why people moved to Texas, which is why
they moved to Florida, because you're not paying income tax there.
Warren Buffett famelessly said, famously said, my secretary pays more
taxes as a percentage than I do because she makes
(04:52):
ordinary income. And when you own these companies, the quote loopholes,
we're talking about depreciation, paper losses that are allowed to
be deducted. You can carry those forward, so you can
lose money in a given year and it turns out
(05:13):
that the next year you can deduct that money or
the losses. And there are many of those loopholes. Depreciation
on buildings, for example, you own commercial buildings, and how
many of us own commercial buildings, Well, you get depreciation
on that building. Granted it's over many, many years, but
that means that is a tax write off. So is
(05:35):
it fair? Who knows? By the way, roughly thirty percent
down from well, let me go on, let me put
it this way. I want to go another way on
that one. The Tax Cuts and Jobs Act that was
passed in twenty seventeen during the first Trump administration brought
down the tax rate what thirty percent before that among
(06:01):
the wealthy, and the Big Beautiful Bill Act extends those
tax cuts, creates more business loopholes if you want to
call it loopholes, depends on you know, if you're taking
advantage of it, they're not loopholes. And lower taxes on estates.
And that's the other one of inheritance tax, which I've
(06:23):
always wondered that is so unfair. Inheritance tax which basically means,
let's say you leave an estate of a million dollars
and there are used to be you pay one hundred
percent or you pay the amount of I think it
was fifty five percent on inheritance. In other words, let's
(06:44):
say I'm inheriting ten million dollars, which I'm not. Well,
if it weren't for the exemption, I'd be paying five
of that to the government. Instead, I'm exempted. Do you
know how much you're exempted to your exemption? Eleven million dollars.
Not too many people leave more than eleven million dollars
(07:07):
to inheritors, children, family, that sort of thing. So at
least that part, well, it's the Republicans, the Conservatives who say,
come on. And they're right, because you've already paid tax
on that money. You have earned it, put pay tax,
and then put it into your savings. And now when
(07:27):
it goes to your kids, they pay tax on the
money that's already been tax Is that fair? Absolutely not.
But the exemption is so huge that at least that
takes away some of the hurt, or a lot of
the hurt, or most of the hurt, or all of
the hurt. If you're inheriting less than eleven million dollars, Okay,
(07:49):
we're done. By the way, paying inheritance taxes really means
that when you earn the money, you really don't keep
the money. You're you basically are renting your money and
then it goes back to the government. All right. Test
driving You always test drive your house, or you test
drive your car. I mean, you're not going to jump
into a car and buy its side unseen. And even
(08:12):
I used to do mattress commercials I still do occasionally,
and you test drive your mattress. Right, you go to
the mattress store and you jump on the bed and
the salesperson is telling you about how great the bed is,
and you know, look at this, so okay, that is
that the way to test the bed. If you really
wanted to test the bed, you go at night, you
put on your pjs, you put all the covers and
(08:36):
sheets on, and that's where you spend the night and
maybe you stoop on the bed with your spouse so
you know how it works. That's test driving a mattress.
How about test driving a house that makes more sense
than anything. That's the biggest investment of your life. And
(08:56):
you're going to live there, and do you go through
and see how hot the stove is right, what's the
flame like? How easy is it for you to turn
the air conditioner on? And how quickly is it cool?
And is there enough water pressure? And do the toilets
(09:17):
flush and they don't make noise? I mean, on and
on and on living there for a few days. Actually,
there are people that want to live there for a season,
a month or two to really get to know the house.
And it's become a thing now you rent it. I mean,
if you're ultra wealthy and you're looking at a multimillion
(09:38):
dollar home and you're a serious buyer, maybe you're apt
to say, okay, you can stay a few days, either
pay rent or in some cases, don't pay rent just
to sort of try it out. But for the most part,
buyers or sellers don't want you to live in the house.
You know, if I were to buy a house again,
and I just did as you know, I sold the
(10:00):
Persian Palace, and here I am in my new place,
and I bought it virtually sight unseen because there was
nothing on the market. It hit it checked all the
boxes that I wanted, and so moving in and man,
I found all kinds of problems. And if I had
lived here for a month, I may not have bought
(10:23):
it because the cost of repairing and redoing basically made
my house. No, not twenty percent, maybe ten percent more expensive,
Oh no, probably twenty percent more expensive than I wanted
to spend. That's a hit. I mean, that is a
(10:45):
big hit. So one real estate agent. This is a
Wall Street Journal article that I picked up, wanted to read,
I wanted to share with you. There is an agent
who represented a buyer looking at a fourteen million dollar
home and in Hollywood Hills, eighty five hundred square feet. Okay,
that's a big house. And the buyer said, you know what,
(11:09):
I went an overnight state before I buy it and
the agent said, good luck, and guess what the seller said, Yes,
So they had to buy a one day policy insurance policy.
I have no idea what a one day policy is
or how much it would cost for a fourteen million
dollar home. Yeah, I would say it's a chunk of money.
(11:32):
And they just lived there for a day, tried everything out,
and didn't buy the house. Turned out that the prospective
buyers didn't want a house that big. And how do
they know, Well, they lived in it and realized it
really didn't work. And by the way, there was the
(11:53):
same thing as the other side. There was a couple
who were looking at a six hundred thousand dollars four
bedroom home in Yeah, where do you find that? In
New York's Hudson Valley is where you find that? And
the clients had only lived in a together in an apartment,
and do we buy a house that needs cosmetic upgrades?
(12:17):
So they signed a contract for an overnight's day. The
buyers brought their mattress Linen's, and they were open about
what they were going to do. They tested the water pressure,
the air conditioning, the night time cricket chirping. Turns out
the house I have, I have neighbors who, let's say,
(12:37):
are loud and they throw a lot of parties. Now
I happen to be okay with that. The only problem
with them throwing parties, I don't get invited enough. But
that's me. But anybody else would have gone crazy, and
they wouldn't have known that buying the house. So that
(12:58):
couple had not bought the house either, someone else came
in and buy it. Test driving a house. How much
sense does that make? That's becoming more and more popular.
It makes all the sense in the world. I would
do that if I had to do it over again,
I do that. Would I buy this house? Yeah? I
probably would. Anyway, as the last half hour of the
(13:19):
show and this segment, I want to do something that's
kind of fun. I don't know if you ever heard
of productivity theater. It's a thing, and in the post
pandemic workplace, there's actually less pressure to be at our
desk for eight plus hours a day, so we reduce
our attendance. Okay, you still do the same amount of work,
(13:41):
but you reduce your attendance. That's not a good idea.
With productivity theater, we feel less conscious about leaving in
the afternoon by the way, we've accomplished most of our task,
we've had face to face with the boss and others,
and sometimes we logged back from home in the evening.
(14:03):
So slipping out before five o'clock is kind of understood.
It's not a sign of slacking up. Now. Showing up
late is a very different story. So let's say you
work instead of eight hours, you're working seven and a
half hours. Half an hour earlier at the end of
the day is very different than half an hour later,
(14:23):
even though it's still the same work product. Let's say
you're we start at eight o'clock, or your your shift
or your work hours are eight to five. Well, showing
up at eight thirty is not a good idea because
it feels like you're you look like you're lagging behind
(14:46):
colleagues who arrive sooner colleagues. That's productivity theater, where visibility
is key to playing the role of a dedicated employee.
It's it's really interesting. The study just came out, by
the way, on this when office workers clock in and
(15:06):
out helps quantify the nature of today's more flexible work habits,
the performance of the nature. So New Yorkers step away
from their desks thirteen minutes earlier than they did in
twenty nineteen. In Dallas, they leave earlier by eighteen minutes,
in San Francisco twenty six minutes. And why Well, first
(15:31):
of all, most social stuff happens in the afternoon, extra
curriculars with the kids. You're going home, making dinner, I mean,
morning you go to work, and so our personal lives
are more varied afternoon and evening, which is why morning
routines are not relatively unchanged, nor should they be for
(15:53):
you to be winning the productivity theater game. And bosses
are off early birds. That's just what they do. They
come in early and if you come in afterwards, hmmmm,
So how do you get their attention? Well, you come
in earlier than they do, and okay, now we have
(16:16):
their attention. According to JLL Vice chairman Kevin Keey Kelly,
that's a big company that studies employment more than any
corporate policy. The single biggest predictor of someone's attendance is
their manager's behavior. There's a voice in your head you
(16:38):
get to the office after you don't get to the
office after nine o'clock, that's not looking good. You don't
want to get to the office after your colleagues do
notwithstanding an equality work you do a Andrea Durler, who
leads a research at a human resources software maker, interviewed
(16:59):
fifty managers and said one of their greatest challenges is
assessing people's productivity. Now, certain jobs like sales, that's easy
that you can measure very easily, but in absence of
a measurement model, what managers tend to do is fall
(17:19):
back on signs of achievement, such as the number of
hours someone is seen working. And if someone bails out
early in the afternoon, you know, and maybe you're not
throwing away that as a manager, but you don't care
someone coming in half an hour later in the morning. Man,
(17:41):
that shows up. So productivity theater. It may seem like
someone is gaming the system, but yeah, it is and
it works. You want to optimize your hours for maximum visibility,
getting credit for contributions that otherwise go unnoticed. You want
(18:07):
to be seen doing a lot of work. And how
are you seen, well you're seen at the office. This
is another downside to working remotely and why so many
so many companies have asked people have a requested have
forced people to come back to work five days a
week because bosses want to see you, they want to
(18:29):
see you work, they want to see you at meetings.
As opposed to having these zoom meetings. Zoom meetings are
much more effective. They go much quicker, there's a lot
of less, there's much less bsing. But you know, how
(18:49):
do you suck up to a boss on a zoom meeting?
You don't personal meetings. Hey you're looking good day. Well,
I can't say that to a woman boss because otherwise
you're fired instantly and there's a lawsuit. But hey, you
look pricky today, and uh, you know, wow, what a
(19:12):
job you're doing. This is you sucking up to a boss.
By the way, bosses don't normally do that. Okay, you've
been listening to the Bill Handle Show. Catch My Show
Monday through Friday six am to nine am, and anytime
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