Comments by "looseycanon" (@looseycanon) on "Upper Echelon" channel.

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  2. yeah, saying that DEI and ESG are both useless is straight moronic. Yes, DEI has it's problems, but they are more in implementation than in it itself. Different DEI approach are appropriate for certain departments within a company. There's a reason, why SAP hires autistic people for programming and financial positions. Folks with autism are better with systems and it is them, who help develop that piece of software. SAP is the leading ERP software for major corporations, btw. A diverse sales department can achieve better results, because as good as a salesman can be, if he also has better insight into te community he want's to sell into, he will have better results, because he'll evade cultural issues, that would offend potential customer and know, what cultural aspects of his client to exploit to sign the deal. Therefore, having highly diverse sales staff opens new markets and makes sales within them more efficient. high salary expenses in a company are also a good thing, because high slaries mean, that their employees can actually consume, thus driving demand for other companies goods and services, who them selves are in a certain fraction clients of the initial employer. Paying out high salaries accross the company is these days viewed as bad for the company, because in short term it increases costs, but in actuality, racing to the lowest salary possible and firing people is just hollowing out the market and undermining future sales. Everything produced has to be consumed eventually. That is the one law of markets that can't ever fall. That is the ecnomic fundamental, that has been forgotten by businessmen and politicians alike. Environmental stuff is bit of a double edged sword.The problem currently is, that companies can get outright fined or pay extra tax for what is perceived as envrionemntally unfriendly, again, lowering company profits. You have carbon tax, etcetera... It would appear, that the tide is changing on this particular thing electorally, but it will take time to throw all the environemntalist politicians out and there is the problem of pro environmentalist elites (who fly private jets). In the meantime, it's better for companies to preempt these fines and invest in themselves into production processes, that are ESG compliant.
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