In 1996, this high tech candidate took on Kennedy’s global name and $2M campaign fund & won 16% of the vote. Dubbed “The UnKennedy,” Hyde won 450 times Kennedy’s votes per dollar. In 1998, Hyde was the one major-party candidate in the race when Joe Kennedy bowed out on March 13.
Hyde’s issue is the big one that the media say politicians miss - the fact our “economic boom” overworks full-timers, multiplies part-timers and under-employed, dissolves our middle class, starves our consumer markets and fires our pensionable employees just before retirement. Our self-sedating “low unemployment” serves only to mask rising economic anxiety. The issue for American CEOs and businesspeople is that we are wasting a potentially huge domestic customer base that if activated, would leap our economy into the next millennium with a GDP hundreds, maybe thousands of times what it is today and a growth rate that would make current figures look sick - with less ecological impact.
Government today ignores an imbalance at the center of the economy - the extreme concentration of skills, employment, income and wealth. It has recreated a Black Hole economy similar to 1928 with a huge Wall St. bubble and a downsized American workforce and customer base. It scrambles to fix cascading imbalances everywhere but the center. It strains to create enough artificial jobs to employ everyone at our arbitrary and frozen maximum load level of 40 hrs/wk/person - unenforced. Our current approach forces taxpayers to recreate all the work obsoleted by every new technology. It gives us a micromanaging bureaucracy that generates endless inefficient job programs, enterprize zones, block grants, industrial policy, corporate welfare, red tape, public debt, taxes, and partonage jobs.
By balancing the center with one new groundrule, Hyde’s Timesizing approach gets rid of thousands of old regulations, and lets us dismantle government and taxes intelligently. The approach is bipartisan and it’s called timesizing - it stops downsizing our companies and our customer base and stops upsizing government and corporate welfare. It gets everyone working smart, not hard. It involves spreading and sharing smart work in the private sector with no government makework in any way, shape or form. Its triple strategy (1) converts overtime into training and good jobs and (2) if needed to fully employ everyone, expands overtime conversion by adjusting the workweek downward without loss of pay. (3) It keeps the workweek flexible and determined not by expert guesswork but by an under-employment rate that goes be\yond today's count-nothing unemployment rate to include forced part-time, forced self-employment, unemployment, welfare, disability, and crime. If the 40-hr/wk level that we’ve frozen since 1940 does not allow everyone to be comfortably self-supporting, we resume our previous, much longer history of adjusting our workweek downward. Unemployment and AFDC tax cuts make the process painless for business (plus, for small business, graduated applicability).
These are three of timesizing’s four “program modules.” The fourth plugs the leaks posed by CEO incentives, quicksilver capital, central bank functions, and trade and population policies. Thus timesizing outlines a sustainable self-balancing program that can be repeated over the next 500 years in progressively more comprehensive areas (skills, employment, income, wealth, credit...).
Timesizing is based on the waves of work-saving technology that have raised employee productivity thousands of times since 1940 without raising pay in similar multiples (except for CEOs, whose multiples have been much higher) and without reducing work one iota. It restores and automates a dynamic balance between production now supercharged by technology and advertising, and consumption now downsized by Wall Street. It delivers technology’s promise of more pay and less work for all. It gets politicians and high-pressure salesmen out of the economy and, building on the separation of Church and State, goes on to separate State and Market.
Hyde is an independent who runs as a moderate Republican to help him find conservative feedback for his economic design process. He’s a fiscal conservative and a social liberal. He has designed timesizing to reconcile these seemingly conflicting goals. He believes we should be moving toward regular public referendums to temporarily resolve controversial issues to our current, ever-evolving standards - we already have the necessary technology. Though in high tech, Hyde campaigns the old-fashioned way by walking every street - last year Somerville, this year Cambridge.
Hyde’s timesizing approach engages market forces to raise wages and dismantles minimum wage laws, giving trainees a smooth stepladder into the job market. Wage raises gradually match postwar leaps in worker output and provide domestic markets for that output. Inflation is countered by market-integrated volunteerism. The income gap closes and the middle class comes back. Consumer spending expands. Government is dismantled and taxes cut responsibly. Timesizing offers family time to rebuild family values - the kind of time we had 30 years ago when one working parent could support the whole family.