Keynes would have been happy to know that his theory of savings and investment is visible in ergonomic furniture
It occurred to me some days back that I should revisit some of my Economics tutorials, which I had consigned to the closet long time back. As I flipped the pages of my notebook, my attention settled on a diagram that explained the Keynesian Theory of Investment. John Maynard Keynes was a doyen of macroeconomics, and he argued that: “investment is determined by the confidence that entrepreneurs have about future profits.” Though the theory was critiqued, I personally feel that it befits a company owner’s decision of investing in ergonomic furniture.
Now let’s look at ergonomic furniture from an economist’s point of view. Profit is the only motive behind investment, and it brings the four characters of land, labour, capital, and enterprise on the same script. Ergonomic furniture is one such investment that guarantees profitability, and though it’s a high expenditure initially, the savings it brings along are worth the money. As an entrepreneur or a manager, you must ride high on confidence. Only then will you foresee profits, and only then will you equip your workforce with the requisite profit-making tools.
Let’s be honest, ergonomic furniture is an expensive proposition, and the costs might intimidate you initially. But looking from an economist’s point of view, you need to put an infrastructure in place that brings the best out of your land, labour, and capital. And for that, your labour or the employees should be fit, healthy, and motivated. That’s where ergonomic furniture comes into play like a mentor.
Ergonomic furniture such as desk chairs, sit-and-stand desks, and stools enrich the persona with a good posture, ideal backs and spines, pliant wrists, and well-functioning forearms. Now comes something which would have made Keynes gloat over his theory had he been alive; and that’s confidence. A fit and healthy workforce exudes confidence, and if an astute manager is able to foresee that, he will happily invest in ergonomic furniture.
Why ergonomic furniture is a good investment?
From the point of view of an economist of Keynes’ stature, saving is the result of investment. I can’t help but admire the claim of ergonomic furniture companies that their products lead to long-term savings for a company. Now let’s see how does ergonomic furniture, which is a considerable investment, lead to savings.
1. It improves posture
Any economist would likely agree on the importance of posture, be it the economy, or an individual. Like an upward moving economy, a company with an upward growth curve is plotted by an upright workforce. If you’re getting bamboozled by the Economics jargon, then let me put it simply that employees with a good posture are the most productive. They’re the happiest as well, as the good posture becomes a part of their lives. Ergonomic furniture provides a good posture and keeps the workforce productive.
2. It keeps the back and spine fit
I’m sure Keynes would have loved the fact that ergonomic furniture increases productivity by assuring a healthy back and spine for the employees. Again, it’s all about confidence, and any employee would love a fit and confident workforce. Ultimately, it all comes down to profitability, and entrepreneurs would vouch for ergonomic furniture if they anticipate productive employees.
3. It’s mood uplifting as well
Ergonomic furniture looks very appealing as it’s made of leather, mesh, and other materials. The colours, themes, and hues have a therapeutic effect on those who use it. And it goes without saying that ergonomic furniture keeps you in a happy state of mind as it gives a good posture and a fit and healthy back. Astonishingly, the Keynesian point of view of confidence is once again reflective here.
4. It enhances savings
What would have left Keynes or any other notable economist delighted is the fact that ergonomic furniture enhances savings, primarily in the form of reduced medical bills. Healthy and productive employees don’t fall ill that frequently and the money saved on medical claims can be reinvested in the business. It can be used to increase perks for employees, increase shareholders’ wealth, and acquire more assets. From any economist’s viewpoint, economies of scale are glitteringly visible here.
5. It stokes returns-on-investment (ROI)
ROI will hardly abandon you if a productive and confident workforce keeps up the company’s tempo. Let’s take a look at what Keynes propounded once again: “investment is determined by the confidence that entrepreneurs have about future profits.” I think it’s not necessary to laud ergonomic furniture anymore. It should be accepted as a fact that employees using ergonomic furniture are slated for oomph and a productive attitude.
Economic theories aren’t born out of the blue. Stalwarts such as Keynes coin them with market intelligence, foresight, and wisdom. I wonder why the Keynesian theory of investment has attracted some criticism. I could see it in motion in the form of ergonomic furniture.