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Date: 2024-07-16 Page is: DBtxt001.php txt00003359

Profits up, society down is not sustainable
An economy is founded on economic activity. The health of an economy depends on the nature of the economic activity, and central to this are 'jobs'. In money profit accounting the profits are best when a job produces a lot but costs a little ... in other words low wages are better than high wages. The fact that low wages result in poverty and a class of working poor does not matter in money profit accounting for an organization. In TrueValueMetrics (TVM), while a wage is a cost for an organization it is an important revenue for an individual, the family and the community. Up to a point, more wage is better than less wage in terms of social impact. More and more individual wage is not better and better. Two people earning $20,000 a year is better than one person earning $40,000 a year, for example. Unemployment ... no wages in a community is an economic death sentence. Priority must be jobs that produce value and give wages to workers. Maybe 'job money' is needed.

For more on this contact Peter Burgess ... peterbnyc@gmail.com
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