This video shows some interesting findings related to individual and firm motivation. Pretty much, theres this one Australian software company that gives its workers 24 hours to work on whatever they want. Theres no limit other than it has to be in someway related to their field of expertise and (I assume) related to the company, and no incentive like a cash bonus for coming up with the best results. They found that in this 24 hour period, productivity vastly increases and the outcomes from these periods are extremely useful to the company. The researchers, and host of this video, chalks it up to be due to the incentive of having autonomous purpose. Similarly, the video also notes on research that shows if you pay people just enough to take the issue of money off the table (i.e. they can meet all of their normal daily needs), performance vastly increases. Lastly, the host speculates a world in which highly intellectual people are innovating and inventing without cash reward, and then giving their creations away to the general population for free. Indeed, some people already do/did this, like the creators of Linux, Wikipedia, etc. The host infers they do this due to Challenge, mastery, and making a contribution. Apologies for the disorganization, but this got me thinking about society as a whole. Hypothetically, what if in society the governments provided the goods for an individual to just meet their daily basic and societal needs, and instead of forcing them to work in a capitalist system following strict, monotonous, and directed orders by managers, they were free to pursue whichever goals, whichever purpose, they wanted, with the condition that they share it with everyone? According to the research conducted as seen in this video, productivity would be higher for everyone than it is now. Yes, Im arguing for communism. And the issue Ive always had with communism is that without the incentive for making money to buy their needs and wants, a person would grow stagnant and unproductive. But this research suggests the opposite, that this agency over their own production without having to worry over the provision of daily wants and needs actually leads to higher productivity and innovation. Thoughts? Watch the video before responding if you have the time to. It explains everything better than I did. https://youtube/watch?v=dgKKPQiRRag
Posted on: Wed, 02 Apr 2014 01:46:06 +0000
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