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PEOPLE / THOUGHT LEADERS
BOB BLAIN
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TO DO ... update images to be more relevant to the subject matter
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About Bob Blain ... Emeritus Professor of Sociology at Southern Illinois University Edwardsville.
'http://www.siue.edu/~rblain/'
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This log plot of currency exchange rates for 90+ countries against the GDP/hour worked gives an idea of how much the relative values of money and wages are distorted.
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TPB Commentary:
One of the big problems is that money and hourly remuneration behave independently, which does not matter very much when goods and services are produced and consumed in the same money area. But when the economy is global, massive distortions are introduced. At the same time, some people get paid inordinate amounts of money for their time at work, which is good for those that benefit, but not at all for the vast community of workers who get short-changed.
Money Now: No Unit Defined
Currencies have no standard unit, only numbers and names: 2 pounds, 100 yuan, 5,000,000 kwanza,
2 dollars, 5 euro. etc.
To know what these monies are worth, we need to live in the country.
We must judge the value of money inductively by seeing many prices to reach a general conclusion.
That is why money and prices are always subject to inflation and deflation.
Time on money?
Join me here to learn how to make money work more accurately than it does now.
I learned how with the help of thousands of my students over more than 40 years of teaching
and research as a university professor of sociology.
Cooperation
R. (Bob) Blain
P.O. Box 644
Edwardsville, Illinois 62025
rblain@charter.net
1-618-656-5706
Bell the Cats
Without a standard, money numbers are out of control.
In a program on CNN on March 6, 2008, Ben Rooney noted that three well known CEOs were
paid $460 million over five years That's each $15,333 an hour.
Money is not corn. It cannot grow. If some people receive more, other people must receive less.
Bell those cats; express their incomes in years!
To convert millions of dollars to years of work at $50 an hour, just add a zero.
Thus:
$1 million = 10 years
$10 million = 100 years
$100 million = 1,000 years
$460 million = 4,600 years.
We have a minimum wage; we need a maximum wage.
$100 an hour would be $200,000 a year, more than four times as much as the U.S. median income of $46,000.
A World Governor
Not a person ... not a bureaucracy ... a world wage, price and money standard.
A money certificate that is denominated in houts worked
The hour meter governs us all.
Money governs us all.
Time governs us all.
We can unite them to be our governor, not a person, not a bureaucracy, a standard of price, as
simple as that.
Hard to believe, isn't it? Just put 'Hour' on money and everything is going to be all right?
If pilots were flying without altimeters and having many accidents, we could change the pilots. But that would not solve the problem.
Better to give them altimeters.
Today, money operates without a standard. The hour on money will give us the standard we need.
We can cooperate more easily and effectively, guided by the visible hands of the clock worldwide.
Let us agree that our standard of a fair price is: 'An hour of money for an hour of work.'
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New Economic Thinking ... Blain
Some thoughts on alternative money ... Ideas on money developed by the economist R. (Bob) Blain in 2009
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Open file 0278
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