“It’s like a bachelor party for your career! Or having someone buying you dinner and then assume that means he’s owed sexual intercourse! Anyway, apparently telling people to take a vacation before they come to work for you is becoming a thing now.
Writing this week in Slate, Will Oremus reports on this phenomenon, telling the tale of Jason Freedman, the CEO of a San Francisco-based commercial real estate search engine company called 42 floors. Freedman offers what he calls paid “pre-cations” to new hires, explaining, “It’s like, ‘Yeah, have a great time! And when you get back here, work your ass off.’” The point is, that sounds terrible.
As Oremus points out, we are already a vastly overworked nation. We put in considerably more hours than we did a generation ago — and most of us are doing it while facing what the New York Times last year called “flatlined” wages. A new study released last month revealed that Americans take only about half the vacation time they’re entitled to, missing out on the equivalent of “over 500 million” days off a year. Why? Because they’re afraid of repercussions, an anxiety reinforced by what MarketWatch notes is “company culture and lack of encouragement from management to take time off.” People are reluctant to take vacations for fear they’ll be revealed as expendable.”
See more at: http://www.salon.com/2014/10/01/the_pre_vacation_is_a_trap/
Well now, what a problem we have here. In the article above you can see how taking paid leave is something that most people simply cannot do, because it could mean the end of their job. Getting a job is a big problem in this world and when you do have a job you will do anything to keep it, because you need the money to survive in this world.
This gives employers power over the employees. There are many people looking for jobs, so if you are deemed replaceable you will simply be replaced. So if it means you have works your ass off every day and not take any leave then there is nothing you can do about it unless you risk getting fired. This leads to bad work situations and over worked, overstressed employees. This will only get worse unless something changes.
A solution that will end this fear and anxiety of losing a job if you take your leave which you are in fact entitled to would be the Living Income Guaranteed. This will give power to the employees and create a dignified work environment. With the minimum wage being double the Living income people will have enough money to live. This will stop the abuse of employees, because they could simply leave and find a better place to work so the employer will need to treat his employees with care to keep them working there.
Workers will feel supported and cared for by their employers, which will result in individuals that no longer feel pressured and enforced to only be a profit-making machine, but will feel happy and content to realize that their work is being truly remunerated and that their time and contribution to the corporation is being valued as the life-time investment it actually is. A well remunerated individual will create a happier and fulfilled society that is no longer afraid of not having sufficient money to feed their family, it will be the beginning of a new era of quality work that dignifies the lives of human beings that genuinely desire to improve their lifestyles.
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The economy in any given location, can be likened to the dynamics of water. If the water in a river flows, then the river is healthy, life thrives in its waters and supports the surrounding terrestrial ecosystems.
Water evaporates from the Earth’s surface, transforms into clouds, travels with the wind, and lands in a new area where it can support life.
When water stagnates, it can become stale. Bacteria and disease start brooding and life stops thriving. Water, and more specifically flowing water – is an essential element and resource in sustaining life.
In our society, we have made the primary element that supports life: ‘money’. If you have money, you can eat, you can drink, you can live in a nice house, you can educate yourself, you can start new ventures, you can support a family, you can participate in leisure time. Money is used, and money is spent – and each expense in turn becomes a flow of income for someone else in society.
Money like water – can be stored for the future. Water-grabs in the form of excessive damming can threaten the vitality of an entire ecosystem: as water is held back, not enough water flows and the area that was once supported by its flow is now faced with a condition of lack, resulting in the degradation of the environment. Dams, when properly regulated and monitored, can be a beneficial factor in the environment. In the same way, we know that saving money can be beneficial to get us through a future ‘rainy day’. However, when we hog money, like water, we create averse conditions within the economic environment (=ecosystem) around us.
The Marginal Propensity to Consume, Save and the Multiplier Effect
Within the realm of economics, you may sometimes hear of the term ‘multiplier effect’ and ‘marginal propensity to consume’ or ‘marginal propensity to save’. Although these terms sound daunting, their meaning is actually very simple.
All these above-mentioned terms, relate to changes in the economy when an influx of income (and resulting spending) occurs.
Whenever we have money/an income, we will tend to save some of it and spend the rest. The amount we spend in contrast to how much we save for each unit of additional income, is our ‘marginal propensity to consume’ (MPC). If our MPC is 0.8, then this means that for every additional increase of income, we will spend 80% of it. In turn, the ratio of how much we save over how much we spend for each additional unit of income, is our ‘marginal propensity to save’ (MPS). If our MPC was 0.8, then our MPS is 0.2, which means we will save 20% of any additional income.
When you have little money, your propensity to save will be very low as money will primarily be spent on everyday needs. As your income goes up, your propensity to save will go up as you feel secure enough to ‘put something away’ and still be able to tend to your everyday needs. Once you’re well off, you will be more likely to save a higher portion of additional increments of income, leading to a lower marginal propensity to consume.
The multiplier effect, refers to an effect in the economy where an increase in spending will bring about a ripple effect which results in a greater amount of value as an outcome than the initial amount spent. In a way, one can look at it as ‘returns on an investment’. Here, we can go back to the example of the river, where additional flowing water in a river is not just ‘additional water’. It is also the drinking water for animals downstream whose presence is absolutely vital to the local biome [See ‘How Wolves Change Rivers’ to see how a change in a single variable can have a huge impact]. The same way, money spent in the economy is not just ‘some money spent’, but also the income of another human being who in turn can utilize this income to employ the services of someone else and again contribute to someone’s livelihood.
We can see from the following excerpt, that these propensities matter when it comes down to economic health and vitality:
“Wall Street banks handed out $26.7 billion in bonuses to their 165,200 employees last year. That amount would be enough to more than double the pay for all 1,085,000 Americans who work full-time at the current federal minimum wage of $7.25 per hour.
Purveyors of luxury goods always welcome the Wall Street bonus season, but a raise in the minimum wage would give America’s economy a much greater boost. To meet basic needs, low-wage workers tend to spend nearly every dollar they make. The wealthy can afford to squirrel away more of their earnings.
All those dollars low-wage workers spend create an economic ripple effect. Every extra dollar going into the pockets of low-wage workers, standard economic multiplier models tell us, adds about $1.21 to the national economy. Every extra dollar going into the pockets of a high-income American, by contrast, only adds about 39 cents to the GDP.”
This article nicely illustrates the power of money movement, and where this ‘current’ is the strongest.
By bringing Living Income Guaranteed into the economic picture, we can bring in a gush of fresh new water and transform our stagnant pool into a thriving flowing river. Besides fulfilling our moral duty towards our fellow men through securing each one’s Basic Human Rights, we also put into motion a new economic drive from which will sprout new opportunities of innovation and entrepreneurship.
It becomes possible to have a nice life and to enjoy the latest comfort and tech that science and creativity have to offer, whilst simultaneously making sure that everyone’s livelihood is guaranteed. The principle behind an economy like this is really a simple one: Give, as you would like to Receive.
By changing the money composition in the economy by a fraction, we can bring about tremendous changes. These changes in turn, will bring about their own effects. Even if one might not agree with a Living Income Guaranteed for political reasons, we cannot ignore the ample economic benefits that are coupled with its implementation; to name but just a few: economic growth and expansion, higher living standards, better skilled labor force, lower debt levels and better employment conditions. These in turn translate into social, cultural and psychological benefits such as lower crime rate, lower levels of stress, increased personal freedom, social cohesion, enhanced personal growth and development and overall happiness.
Let’s unleash the wave of economic, social, cultural and personal potential with Living Income Guaranteed.
It sounds cool when the company sends you the letter about the raise in your salary yet when taking the inflation into account which is two times higher than the raise we then realize that our purchasing power has actually diminished. And that’s what has been happening for many many years now where the human labor is slowly but surely devalued.
It is a slow process where the change is not very noticeable ensuring that there is no reason in peoples minds to have any uprising and claim for their rights. Corporations keep doubling their profits while people that do the actual labor remain stuck in the mode of survival and constant fear to try and move for any change.
When I hear people having a conversation about the guys on top and how they exploit us a common statement keeps appearing in the end ” aaa it’s a useless fight”. That’s how deeply we have accepted our condition, because as far as we see it’s always been that way and always will be. You can try and go against the big guys and possibly win few percent increase in your salary or some little improvement in your working conditions but beyond that is a no go area, useless to even consider. So yeah the programming is surely deep where alternatives don’t ever enter the conversation in any way, only sometimes in a form of a joke.
I would like to bring, however, a new consideration, which is not actually new but is basically disregarded due to effective brainwashing which was pushed by those that fear and understand that this consideration does actually make sense and that if this idea would reach people without being filtered through the imposed filters of fear, majority would agree and most likely push for the realization of this idea.
Nationalization of Resources
Yes, it has been portrayed as something unholy where we have been made to prefer the free market to take care of things for us without realizing that free market only allowed a few to freely abuse all others. Government is bad, too much corruption and abuse, we keep reading daily in the newspapers and of course that is a problem because even there we have completely abdicated our responsibility to make any decisions or have any say in what happens with our daily affairs. Still in many ways government still works for the people while corporations are only interested in the well being of their shareholders.
Isn’t it strange that those shareholders are sitting somewhere far away from all the real processes that happen daily while common people work their assess off to keep the company running, yet they don’t have a share in this company, nope, they are no shareholders. They get only the tiniest piece of cake, it’s called a crumble which again, as I mentioned above, gets tinier with each passing year. How is this fair? How can this be allowed to continue unquestioned and ever even considered?
There is a need to start the process of bringing this awareness back into the minds of people by explaining through past examples about the benefits of having resources nationalized and how this can work for all people. What changes need to be done within governments in order to avoid any abuse and how to best allocate this huge increase in available resources that could really accomplish great things in bettering lives of all human beings of let’s say that specific country.
Suggestion is to start looking at our global initiative called Living Income Guaranteed which besides this suggestion has other crucial points, ideas which upon their realization would, through mathematical determination, bring enormous improvement in the quality of peoples lives. There is still much work to be done and the more of us join and participate the faster we can move and end the current accepted slavery once and for all.