Showing posts with label child labour. Show all posts
Showing posts with label child labour. Show all posts

20 February 2014

Rafts of ants and investment banks in distress stay afloat by "banking" on their young

Ant colonies and banks "employ" their young to improve survival chances
George ILIEV

1. Ants build floating rafts using their eggs in the foundation:
When threatened by flooding, ants build floating rafts using their own bodies and put their eggs in the foundation of the raft to increase the buoyancy of the structure. This does not damage the chances of survival of the unhatched ants in the eggs.

2. Investment banks retain the most junior people in mass redundancies:
The youngest recruits are the cheapest employees, which justifies the investment banking practice of retaining these people when cost-cutting requires mass redundancies. It is rare that the new recruits would be let go before the higher-earning mid-ranking employees.

3. Next generation often serves the present generation:
The young exist for reasons beyond merely as a vehicle to pass on your genes (or corporate culture) to future generations. In the two cases above, the young are employed to increase the chances of survival of the present generation... which isn't too different from the traditional family model where children would work on the family farm from a very young age. The ants just take it to a new level of utilitarianism - using the generation that hasn't hatched yet.

Photo: Ants (Source: Wikipedia)

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