Thursday, February 23, 2017

A Way-Out of the Middle-Class' Financial Malaise

It comes from the history of the Ford Motor Company... 

The Ford Monetary Infusion
As I understand it, Ford, the founder of the Motor Company, wanted his workers to afford buying a Model T Ford off his assembly line.  To make that possible, he dramatically increased their take-home pay!

Lest that sound too bizarre an answer to today's flat wage scale, certain European countries are toying with plans to pay their "unemployable" citizens (so-deemed by applying relevant social criteria) a living stipend, e.g, through the social security system.  Their point being automation and AI decision-making have made "hard-work" no longer a highly-prized human value.

Now, it is already apparent that workers who have remained behind in geographical areas where there's just no jobs today--though at one time there were--are just the right candidates to receive the living stipend.

And lest the reader think that the concept violates a well-known adage that implies a worker's hands must be busily employed or society would be harmed, the "employable" could help out by doing good--cleaning up city streets and parks, working at day-care centers and soup-kitchens, and creating works of art for display around town.

Back to the Main Ford Idea!  
What if corporate associations were to create a fund to supplement their workers' salary?  Obviously, the workers would come to rely on the added amount and come to spend it, thereby increasing each nation's GNP.

 

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