This website is a day late & a dollar maverick, but it explains economic sustainability to the super-rich. They think they're in touch, but inevitably they self-insulate&isolate. To them, the system seems to be working. Look at the windfall that's funneling to them & inflating stocks instead of spreading into middle-class wages&spending.
Today the money supply is so concentrated, there's too little outside the financial sector in superfast & diverse circulation to stabilize the value of the massive monetary 'black hole' inside the financial sector in relatively slow & clunky circulation. This website outlines a market-oriented way to resorb that hematoma.
It's the biggest & oldest website on achieving full employment without runaway inflation but with maximum consumer confidence, marketable productivity and solid investments. It's retro but it loads fast & has no ads. See also our backgrounders.|
hope du jourtm – TIMESIZING instead of downsizing in the news (archives) -
(Free consulting to writers interested in setting novels or plays with higher technology and lower workweeks, 617-620-6851 x.Phil Hyde)
Google Search newsclips of what the world is doing right - and our latest ranking of leading countries: The core solution is so obvious, it's below the radar. Usually it's just one item on a list with few realizing it's the ink & paper. It's our closest candidate to the "Holy Grail" of economic design, the Single All-Sufficient Regulation, and despite *dismissal by 'experts,' it's the world's most common (but least publicized and yet-to-be fully exploited) response to downturn and it's reinvented thousands of times a day in every recession by businesses and governments. In each case, more jobs would have been lost without the hourscuts or furloughs -
WASHINGTON, D.C., USA - ...On Jan. 8, the U.S. House approved legislation that would change the definition of a full-time employee under the Affordable Care Act [back from 30] to 40 hours... - see whole article under today's date.
[But it is guaranteed a veto, so according to Republicans, the US now (finally!) has a full-time workweek of 30 hours - a mere 82 years after the US Senate, by a vote of 53 to 30, passed the Black Thirty Hour Work Week to end the Great Depression (April 6, 1933, S.5267) but a Democratic president, Franklin Roosevelt, blocked it in the House and so the Depression continued for another 8 years.]
WASHINGTON, D.C., USA - Many commissaries would have to cut their hours and days of operation — as much as 2 days a week, in some cases — under a draft Defense Dept. budget document that details proposed reductions in the commissary budget for fiscal 2016... - see whole article under today's date.
[Better hours & days cuts than job cuts, timesizing rather than downsizing!]
Shorter hours are happening anyway, but not the best way which maintains personal income and *vital consumer spending via emergency worksharing and sustainable timesizing. We simply can't perpetuate a pre-computer 40-hour workweek forever into the age of robotics. It may be fun to sneer at believers in the fixed "lump of labor fallacy" because "there's an infinite amount of work to be done," but where's the corresponding willingness to pay for it? - and without pay, it isn't, and doesn't, work. So we need to take charge of this workweek-trimming process, systematize it and make sure it happens in a way that absorbs the surplus of jobseekers, gets employers bidding against one another for good help, thereby harnesses market forces to flexibly maintain and raise wages and spending, leeches money out of the huge black hole of income and wealth in the top 0.01%, and gets those trillions back into circulation. Shorter hours is a strategy that is reinvented hundreds of times a day across the U.S. in this recession and thousands of times a day across the world in both public & private sectors, in every industry, and in a variety of ways. Many countries and U.S. states already have worksharing programs to cushion the transition to permanently shorter workweeks that automatically adjust to our rising levels of productive technology in the Age of Robotics. These programs currently are designed to be temporary. Here's what their permanent program will look like when they finally succumb to the inevitable.
less strategic GOOD NEWS (archives) -
• A recent budget proposal in Maine could make the state the first to put nonprofits on the property-tax rolls, Wall Street Journal, A1 pointer to A4.
[Time to get rid of the whole "nonprofit" loophole?]
doom du jourtm = today's headlines from helltm (archives incl. hope)
- here in the context of a robust solution (see hope du jour above), you can see the bad news and the impotence of today's "experts" as portrayed in the mainstream American narratives -
- editor's comments in [square brackets] by Phil Hyde firstname.lastname@example.org -
- headlines from *Porter Sq. Bks Cambridge MA USA & updating from Kate's Kaffé, Somerville MA USA -
growth-reversing DOWNSIZING in the news (archives) - you can't get growth (UPsizing) by downsizing but you can by timesizing -
A rift over financial struggles...
wall of CLOSINGS & BANKRUPTCIES (archives), lowerable by timesizing -
DISTRACTING OURSELVES from our most fundamental problem(s) - even at high levels -
...Bitcoin provides a decentralized [same as regular currency] and fully public (electronic transfers "fully public" in the age of black boxes? hahahahaha] way to record shifting balances. It's unlike any previous kind of money. (blowout header) .\.
[No, it's not. It's just a rose by another name, or more likely a sow's ear turned into a silk purse. It's like those who want a new universal language, nevermind the "success" of Esperanto, or those who want a new GDP, nevermind the unemployment rate...]
Despite bitcoin's difficulties, it represents the future of money. Digital currencies will disrupt global finance [already disrupted], transform the way we pay for things [already transforming] and, just maybe, make the world a fairer place. (subhead)
[Utopians will do ANYthing that "just maybe" might happen to magically make the world a fairer place except guarantee that it becomes a fairer place by defining "fair share" at the most basic level, employment, and designing and implementing a system to deliver that share (in terms of a flexible range, not a rigid point) automatically.]
The euro fell to its lowest against the dollar in more than 11 years, while U.S. stocks gave up ground, WSJ, A1 pointer to B1, B5.
The Dow fell 141.38 points to 17672.60.
When you use margin, there is no margin for error...
[Trade agreements with third world countries that have little or no labor standards? No it's not a big leap at all. But they get a lot of help from poor suffering masochistic victim-self-stereotyped union members who can't think two moves ahead in chess -]
[Until these millions of poor suffering victims get smart & strategic enough to get back on their power issue = cutting the workweek (& converting overtime into jobs!) to reduce disempowering wage-depressing labor surplus, they're toast, road kill, death spiraling... Meanwhile, where's the national income going now that it's not going into wages and spending? -]
..."Week one we had a speaker's election that didn't go as well as a lot of us would have liked.
Week two we got in a big fight over deporting children, again something that a lot of us didn't want to have a discussion about.
Week three we're now talking about rape and incest and reportable rapes, incest for minors but not for women of the age of majority.
I just can't wait for week four," said Rep. Charlie Dent, R-Pa. "My own view on this stuff is, I prefer we as a Republican conference avoid these very contentious social issues."
[Repubs in long overdue death spiral? "Throttle back, throttle back!"]
[Another bigbiz-funded attempt to claim a labor shortage in the midst of global overpopulation and impoverishment? Maybe if The Market raises wages above subsistence?...]
[Great, now they can call for a summit to discuss establishing an international committee to summon trade ministers to a frank discussion to possibly stimulate the financial markets some more, and hope that somehow their economies will improve. Or, they could just directly convert chronic overtime into training & hiring and trim the workweek till there was enough convertible overtime for full employment and maximum consumer spending.]
[Au contraire, shale is dead for the moment. Just ask the Province of Alberta or Canada's all-eggs-in-one-basket PM, Harper.]
Saudi Arabia' King Salman['s] reign begins amid a thorny set of economic and social challenges, WSJ, A1:1 pointer to A1:2, A6.
design features bibliography site map LINKS time trilogy I II III the big question the big goal blog
makework the history of the American workweek 30-hr. bill business 'cycles' courses legislation guarantee
contradictions in mainstream economics class in America growing disparity worst case plan economic design
How? By adjusting the workweek down & up - instead of firing & hiring - based on a comprehensive blueprint for a green economy
& a new worktime economics where, 100 years from now, people will be...
Timesizings 3rd way is centrist and deep green, not just light or pinkish green like the Green Party's grocery list of ad hoc, unintegrated & unprioritized issues. Timesizing satisfies the right with smaller government and bigger firmer markets & the left with a simpler stronger social safety net that makes the right clean up their own recessions instead of continuously inducing them by privatizing and concentrating profits & nationalizing and centrifuging losses. Our Timesizing solution is based on working models, American history (especially 1933), on economic design, on ecology, and on worktime economics, linguistics, Limits to Growth, and Buckminster Fuller. The deep green center is the future, and we strategize for the next 100-500 years, not just the next quarterly report or four-year presidential term. Our site is always under construction. *Asterisked links take you *outside our site.
(in deteriorating stages) (in stepped enhancements)
Pie in the sky? Click on Design Solutions for rebuttals of Impractical! Unconstitutional! Socialist! Uncompetitive! Inflationary! Anti-small business! Lump of Labor Fallacy!...
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