Now why do so many people envy the employees of state-owned enterprises and public institutions?Is it really that good?

In the current economic climate, stability may be more important in people’s employment choices.This is why many people prefer public units.It’s human nature.However, this is not for everyone.The unique characteristic of state-owned enterprises and public institutions relative to private enterprises and foreign enterprises (including joint ventures) should be stability.Possible advantages include higher standards, better benefits and a lower pace of work.I say “probably” because it is true that some private and foreign companies are better than state-owned enterprises and public institutions, but this is not universal.First, people naturally seek security.Security comes not only from the present, tangible reality, but also from some certainty of the future.For example, if you put 10,000 yuan in a state-owned bank, you will certainly get principal plus interest when you withdraw it next year.But if you put $10,000 into a stock, it could go up or down in a year. It’s pretty uncertain.So many people feel safe to deposit their money in the bank because it is safe.In the past few decades, many elders (and arguably most of the world) have wanted their children to have an “iron rice bowl,” perhaps topping the list is the civil service.This is why the need for security drives people to seek career stability.But the past few decades have also been a very special era, special in that the economy of our land has continued to grow rapidly.In the context of the economy, there are too many opportunities to make money, whether starting a business or working part-time.In terms of starting a business, some friends may despise those self-employed people who set up roadside stalls, but in fact, many vendors who set up stalls to fry stinky tofu and fried chicken skewers can buy two houses within ten years or so.Do the characteristics of catering is hard, but the gross profit is quite huge, a little makes a mickle is very considerable.Not to mention other big deals.In terms of working, a decade or two ago, many people’s first choice for employment in first-tier cities was foreign companies, while better university graduates looked down on state-owned enterprises.This is because foreign companies have good benefits, high standards, great room for promotion, and focus on strength rather than background.Foreign companies are chosen for specific reasons at specific times: others are much better than us, make much more money, and are certainly able to offer better terms.The larger size and presence of foreign companies in the international market certainly provide more opportunities for advancement.But there have been two major recent shifts in fundamental logic that have led many people to adjust their employment preferences.First, China’s economic strength, especially its quality, has improved. Both domestic state-owned and private enterprises can compete with foreign companies in terms of benefits and other competitiveness.Second, the impact of the epidemic on the overall economic environment, some sectors are facing great difficulties.First, the improvement of our economic strength, it is true that a considerable number of foreign enterprises in the labor treatment of the competitiveness of the decline, and then the attraction of talent decreased.Even in some sectors, our state-owned or private enterprises have pushed out some former world giants and become new giants themselves.This is a very practical reason, if the business efficiency of state-owned enterprises is good, treatment can be better than foreign companies.For example, energy state-owned enterprises have always been the golden rice bowl in the eyes of many compatriots.Second, the impact of the pandemic is indeed a very big reality factor.The barrier to the flow of people is a huge impact on the service industry.Industries such as catering, retail, tourism and transportation have been particularly affected.For private enterprises, if investors fail to hold up, of course, entrepreneurs will suffer the biggest loss, and migrant workers will also face unemployment and re-employment difficulties.For example, when the city was shut down for several months at the beginning of the epidemic, it was difficult for many people to maintain normal life.At this time, a lot of people found that public units drought and flood security, even if a year, wages are not wrong, the basic life must be guaranteed.At this time, human nature to the pursuit of security, must occupy an overwhelming position.So far, there is no definite end to the epidemic, and many people are impressed by the memories of the initial lockdown, so it is no wonder that people admire the stability of state-owned enterprises and public institutions.However, there are two points to note here, especially for those of you who are obsessed with stability and security.First, the economy is cyclical.There is no such thing as can only go down and never go up, and there is no such thing as can only go up and never go down.The business cycle, too, cannot go on forever.The major economic cycle is based on the revolutionary changes of major basic science and technology to industries and lifestyles. It starts with the birth of technology, the development of new products and services, the large-scale promotion and popularization, and finally the saturation and gradual decline of the market. Some people in the economic and investment circles believe that the cycle is about 60 years.No one knows when the next big scientific and technological kick off of the new economic cycle will happen.But it shouldn’t be too far.Technological accumulation in areas such as new energy, artificial intelligence and communication technology is in full swing. Once major breakthroughs are made, a new economic cycle will start.At that point, massive investment and industrial development will kick in, and a batch of lucrative opportunities will come along.The biggest characteristic of state-owned enterprises and public institutions is stability, which also means that in good times, pay will not rise significantly.At that time, the probability is that the people of state-owned enterprises and public institutions are extremely entangled in whether they want to go into the sea.Second, on an individual level, a highly stable environment can sometimes be dangerous.Our ancestors taught us very early on that when things go to extremes, they will reverse, and Yin and Yang will change.The high stability environment, especially some institutions, tends to turn people into “hothouse flowers” in the workplace.The danger here lies in two fundamental reasons: first, the authorities do not have unlimited resources, and they have to measure their own income and expenditure, not to mention there are too many places for them to spend money;Second, the development of technology, especially the development of artificial intelligence, more jobs will be replaced by machines in the future.State-owned enterprises, public institutions and even the civil service will streamline their forces if it is cheaper to use machines than to hire people, on the grounds that the authorities do not have unlimited resources.At that time, who can guarantee that there will not be new laid-off workers in these places?The popularity of mobile payment and ETC has caused a large number of expressway toll collectors to change their jobs or even lose their jobs.Therefore, as the old saying goes, “Thirty years in the east and thirty years in the west, the wind is changing.”Nothing in the world is permanently good, and certainly nothing is permanently bad.When the economy is bad, we envy the stability of the iron rice bowl;When the economy was good, we envied the year-end bonuses handed out by private enterprises for dozens of months.It’s not even necessary.The most important thing is always to continuously improve personal value, to make myself a needed talent who can create significant value in any economic environment and any historical background.That is true stability and security.(Full text.Welcome to follow)

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