My Solution to the Economic Crisis
It would also solve other impending crises, such as health care and housing crises.
What if we actually paid people what they brought to an employer or a business? What if we implemented paying people based on comparable worth, where the value of a person’s job (and their wage rate) would be determined by an evaluation of that job’s economic value to a firm? For instance, what if we paid sweatshop laborers in China a legitimate proportion of the retail cost of the item? Corporations have all of this information. But instead of benefiting the workers, corporations are more inclined to benefit their shareholders and CEOs by maximizing profit at the expense of people who actually make and sell all the STUFF they tell us we want.
The labor force is made up of people, it’s not the raw, natural material like cotton or oil used in the production process. Labor should not be treated as such. People are not there to exploit. If we start by paying people proportionately, they would be able to buy food and housing, health care, and all the other necessities of life.
