Return   Go on

9.4 Interpretations of the performance matrix

In my demonstration model a performance matrix was given seemingly effortless. It should not only contain information about the performance of all workers in society in their current profession but also about their potential performance in all other professions. It thus represents a huge amount of information. The question now arises whether this matrix or its informations are present in society which means whether it can be gathered in any way. As interesting as this information would be for a model calculation of a real economic system, I am assuming that for the foreseeable future no usable values will be compiled in any information source so that it can be used for scientific or economic-political purposes.

Nevertheless, this information exists in the minds of the members of society and accordingly has an effect on a real labor market. So every young professional thinks about what its special skills are when choosing their profession, if one has a choice and also has more or less reliable information about how much can be earned in the different professions. Even if you are thinking of changing your career, you have to think about it: In which areas do I have which skills - immediately available, after a certain familiarization with the new job or after a possible retraining? The knowledge of one's own abilities thus represents one line in the productivity matrix p. This means that the information in the performance matrix is present in society at the points where it is needed for action, namely for individual fluctuation decisions, so that this information also has an effect on the labor market without anyone knowing the entirety of this information.

However, it must be taken into account that in the case of fluctuation decisions it is not the actual skills that initially have an effect, but the skills reflected in the self-perception which can differ from the actual ones. Only at a much later point in time after starting a new job there is feedback as to whether the expectations have actually been met and whether, in the event of an error, a new fluctuation decision may be necessary. So for the process of optimizing the labor market to work everyone should assess their personal skills as correctly as possible - this is a general interest of society. It also results in an objective interest of society in really good career counseling. This should not be limited to persuading jobseekers to work wherever possible where there is a current labor shortage, but rather to provide help to perceive one's own abilities and inability as far as possible free of economic-political calculations. In addition, this counseling should provide well-founded information about possible income in the various professions.

Return   Go on