Does good character really matter? Is telling the truth important when a lie will avert punishment or help you gain status and wealth? Are personal ethics a benefit or impediment for those trying to climb the corporate ladder? In the real world, does the end justify the means?
These are questions that humans have asked for centuries, but they’re especially significant today as many wonder whether the values and morals that have historically governed human behavior are still relevant in a cutthroat society.
A review of historical figures might suggest that character — the set of morals and beliefs that influence how we interact with others and feel about ourselves — seems to have little effect on people’s ability to gain fame, wealth, or power. In fact, quite the opposite is sometimes true:
Adolph Hitler, Joseph Stalin, and Ayatullah Khomeini have all appeared on the cover of Time magazine as “Person of the Year,” despite causing millions of deaths and unfathomable hardship for their countrymen.
Political leaders regularly lie to their constituents and pad their wallets by selling their votes to the highest bidder.
Corporate CEOs eliminate or reduce benefits that affect thousands of workers to add an extra dime to quarterly earnings per share while boosting their own income to historically high levels.
Yet while a lack of character might allow the rise of despots, egotists, and ruthless men and women from time to time, history has proved time and again that such leaders ultimately fail. As Harvard Business Review puts it, “Hubris and greed have a way of catching up with people, who then lose the power and wealth they’ve so fervently pursued.”
The desire to accumulate physical objects seems to be inherent, present in the little girl who collects Barbie dolls or the late-night TV host who keeps 126 classic cars and motorcycles in a specially built garage. For some, the motive to search for and acquire a specific item is the sheer fun of the activity. Others seek mementos that stir memories of the past. Fewer still acquire rarities for investment, hoping for enormous profits over time.
Some collectibles are only available to the super-rich due to the cost of acquiring and keeping their purchases safe and secure. What was once available only to kings and queens is now owned by captains of industry, successful financiers, and entertainment moguls. Though individual collections can be worth millions of dollars, well beyond the financial capability of 99% of humanity, they remain fascinating to the majority. Exhibitions of a rare collection draw thousands of visitors, each eager to view the individual pieces up close and personal.
For a look at 10 of the most noteworthy types of collections in the world, check out the following list:
The Consumer Price Index, or CPI, increasingly affects Americans of all ages, incomes, and location. Yet few citizens understand how it’s calculated, how it’s used, or its strengths and shortcomings.
The CPI is one of the most important figures calculated by the Bureau of Labor Statistics (BLS). It reflects the rate of inflation that has occurred from one period to another, allowing you to understand why your dollars buy less today than yesterday. The Federal Reserve uses the index to set monetary policy, and Congress considers it when determining cost-of-living adjustments to federal benefits and taxes.
Here’s what you need to know to understand the CPI and how it affects our nation’s economy — and your bottom line.
What Is the CPI?
Simply stated, the Consumer Price Index is a weighted measure of the change in prices paid by typical consumers for a representative collection of goods and services over time. The BLS uses a combination of sampling data and statistical analysis to establish the price for a fixed category of goods and service consumed by a family unit during a specific period. A comparison of the index price for two calendar dates provides a close approximation of inflation between the two periods.
Three separate, though related, Consumer Price Indexes are published each month:
It’s good to be the boss. People in charge of an organization not only make more money, but they also have happier family lives, are more satisfied with their work, and worry less about their financial futures, according to a 2014 Pew Research report. Those in the top levels consider their employment a “career,” not just a job that pays the bills.
So what can you do to get a promotion to those top levels? There are a number of steps you can take to improve your chances of advancing your career, whether with your existing employer or a new one. Your long-term success depends on having as many options as possible and being prepared when an opportunity arises.
11 Ways to Advance in Your Career
Getting to the top of the corporate food chain becomes increasingly more difficult in the higher tiers of management. In many organizations, average performers in the lower ranks can expect some promotions by merely being competent and building tenure. Attaining more senior positions or advancing at a faster rate, however, requires the following strategies, at the very least.
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