Good post Ed. You must give good value or you are going under. Good value means working hard at keeping up with your market, sticking your neck out and putting up with the foibles of customers, suppliers, government and taxes. Who would deny you your wages plus a profit? If your profit is obscene your customers will naturally find another supplier. If it is modest you will stay in business. A guy like you has what it takes to run the show and be the owner. Your employees perhaps do not. Or they would have started a business themselves. I suspect you get paid more than most of your enployees. I don't resent you. I applaud you for it. The competition in management in a place like JD or Pillsbury or GE or Ford is intense. And only the best and brightest become managers and CEOs. In that world, like in the MLB, NFL or Hollywood the top echelon is rewarded hugely. Beyond our scale. I see a lot of resentment toward the Captains of industry but little towards the likes of Angelina Jolie and Alex Rodriguez. Why?
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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