Our ancestors must have been gullible enough to work for anything less than a cost-of-living wage. A worker needs a place to sleep, something to eat, clean clothes to wear, and, when mature, a family to support. Craftsmen can always exchange their products for these needs, just as farmers can exchange their goods. To make the exchange of goods easier exchange bank checks can be issued with standard values among the exchange members.
Who can live on a wage that is beneath the cost of living? A daily wage should support one's needs for that day at least. A weekly wage should support one for a full week, etcetera, and so forth. Wages are not charity that should be given to workers as the boss sees fit. Workers have needs. They need to satisfy these needs with their wages. We need a minimum daily and weekly wage that satisfies our needs!
Craftsmen and farmers need a fair value return on their investment in time to produce their contributions for the marketplace. They cannot exchange a bed for a dozen eggs any more than a farmer can exchange a cow for a set of sheets. Fair exchange rates of time for time need to be established. Making a bed takes too long to exchange for eggs. Growing a cow takes too long to exchange for sheets.
To facilitate these exchanges of labor for hire, goods for exchanging a bank check can be issued with time values. An hour's labor can be the smallest check, with a day's labor larger and a week's labor the largest. The average time to make a piece of furniture or grow a farm animal to maturity for harvest can be set as the time value of these items. Even a laborer could exchange their time for goods then, too.
How long will it be until our time is valuable enough to exchange for goods in the marketplace only time can tell...
No comments:
Post a Comment