|  | Economic:
To produce the goods and services that we need in the world requires people and machines. However, because of the ever-increasing sophistication of machines, it is more economic for companies to employ more technology and fewer people to produce what they require. The result is that to produce a given quantity of goods, let’s say cars to the value of €1,000.000, fewer people are being employed as each year passes, to produce this given turnover. Putting it simply, the number of people employed in relation to the turnover is decreasing each year, and it will continue to decrease.
The obvious solution is to agree internationally to increase that ratio, which is presently decreasing, until we reach full-employment in the world. We can do this in a way that will save employers money, reduce the amount of time we all spend at work, without reducing what we earn, and in a way that will benefit each state.
For example, a 2% annual increase in the size of the work-force, relative to the turnover, will actually cost the employer less, if the amount of social insurance paid by the employer were decreased by 2.2 percentage points annually. The cost goes down by 2.2% because of the decrease in the social insurance and it goes up by 2% at the same time, because of the increased size of the work-force.
See Table
For every 2% increase in the employment ratio there will be a corresponding 2% decrease in the time spent at work. This will mean that in every factory, office and shop, the number of man-hours to be worked will not change, the only difference will be that more people will work shorter hours, they will get paid the same as before, but it will cost their employer slightly less.
See Table
The loss of revenue to the state will be compensated for in a number of ways, in less social and unemployment assistance, increased Income Tax, VAT, Corporation Tax, and other taxes; these factors will more than compensate for the loss of income to the state from the reduction in the Social Insurance, enabling Full Employment Globally in six to eight years.
See Table
See full explanation of the overall approach to Full-Employment in the 12 Page Document
|
