Workers of the world, good news! You have been rebranded as “stakeholders”
Stakeholders for a cohesive and sustainable world.
At the moment this is like believing that your Aunt Mary is you Uncle.
In other words, everything is going to change when the Coronavirus disappears.
What I find somewhat amazing is that the current coronavirus pandemic has created this eureka moment of enlightenment.
To be brutally honest receiving a round of applause for your heroics is all jolly good but before we learn how to identify the values of others, we should make sure that we understand our own values and that is that the value of everything from the smallest ant to the very air we breathe is all interconnected.
It’s not one of the enduring green mysteries of all time.
Its called treating people decently and valuating the world we live on.
Up to now too many at the top whether it’s in government or industry seem incurious about the realities of life for people lower down the valued charts.
Valued workers thanks to COVID-19 is all the rhetoric across media. BEFORE THE CORONA VIRUS IT WAS ALL ABOUT austerity working for a miserable PAYCHECK.
NOW IT ALL ABOUT CONTRIBUTING STILL ON A MISERABLE MINIMUM NO CONTRACT WAGE TO THE GREATER GOOD OF SOCIETY.
(60 percent were ALREADY struggling to make ends meet each month.)
When all the employee costs are subtracted from the employee’s assets, the remainder is the employee’s value.
Now it appears that we are rethinking, what work is done, how it is done, and by whom. After we get back to living this will be more than an interesting question.
In the profit-focused world while people demonstrate their values every day the sense of purpose up to now has been overlooked and underpaid with the basic living wage reflecting this elusive, and, perhaps, somewhat arbitrary value.
There is no doubt that there is going to be not just a recession in the economies of the world but a depression.
This is not just because of the pandemic, that will leave vast groups of citizens jobless but also because of robotic automation and climate change.
Even Donal Dump ( the climate changer denier) has recognised this by breaching the American dream of making oneself rich without government assistance.
Last month U.S. lawmakers agreed to send direct payments to citizens as part of its historic $2 trillion stimulus package. Most Americans will receive cheques of up to $1,200 for an individual earning up to $75,000 a year, with an additional $500 per child.
Cash is the best thing you can do to improve health outcomes, education outcomes and lift people out of poverty. It’s the only solution to an economy where “a small group of people are getting very, very wealthy while everyone else is struggling to make ends meet. Meanwhile, hedge funds have got their dancing shoes on.
With automation, a depression of global magnitude and now a pandemic, not to mention climate change a guaranteed income is inevitable.
All are destroying the employment market therefore citizens should have simple, straightforward financial assistance that minimizes bureaucracy.
Universal Basic Income. Universal Basic Income (sometimes called Unconditional Basic Income, Citizens Income or just Basic Income) is a proposed economic system in which all adults within the economy receive a guaranteed basic income irrespective of whether they have a job or not.
The intention behind such a payment is to provide enough to cover the basic cost of living and provide financial security.
It would cost less to administer such a program than with traditional welfare and the payments could help stabilize the economy during recessionary or depression periods.
(The unprecedented fall in GDP, investment, consumption, and economic activity will cause lasting scars on the economy – higher debt, business closures, permanently lost income, and new barriers to global trade will cause a prolonged economic downturn.)
It would remove the problem with existing welfare programs that keep people “trapped in poverty.
The argument against it is if everyone suddenly received a basic income, it would create inflation.
Most would immediately spend the extra cash, driving up demand. Retailers would order more, and manufacturers would try to produce more. But if they couldn’t increase supply, they would raise prices. Higher prices would soon make the basics unaffordable to those at the bottom of the income pyramid. In the long run, a guaranteed income would not raise their standard of living.
It would be too expensive. It could remove the incentive to work.
However, it is important to remember economies are adaptable. No matter how bleak the situation is, human resourcefulness can help economic activity bounce back.
How would a universal basic income be funded?
Larger-scale basic income initiatives could require central banks to create new money, as they did for quantitative easing programs after the 2008 global economic crisis.
It is remarkable that in postwar Britain the support for those living in poverty was closer to average earnings than it is today. This is the very simple fact that lies behind the record levels of personal debt, rising use of food banks and increasing destitution that we see in the UK.
( Who needs Trident replaced at an expected cost of £31 billion. Another £10 billion has been put aside to cover any extra costs or spending over the estimate.
Who needs HS2 at an estimated cost of £106bn.
Who needed two new aircraft carriers with a price tag of £6.2bn.
How needs to spend 2% of GDP on defense
Who needs a new Hinkley when most countries are going green.
Who needs Brexit which is already around £130bn cost to the economy, and a £70bn cost still to come: )
Of course, a whole new system would take longer than the urgency of the coronavirus situation requires.
However, the virus is exposing many of the flaws in sick pay and wider welfare system that leave people financially vulnerable when ill. Universal Credit is clearly not suited to the urgent support needed by many.
With as much as 80% of the population of the world liable to be infected means that planning for the long term will be necessary. Until a vaccine is developed.
The coronavirus epidemic could last until next spring even a year is entirely plausible. In this context that the question about the organization of human society post-COVID-19 becomes relevant and urgent.
Before I continue at this point it might be best to face the truth and confess ignorance for what the year or years ahead might bring.
No longer can we afford a lackluster attitude to the poverty of the majority, while a few enjoy a decent quality of life.
An increasing concentration of political power and financial elite has up to now influences the rules by which an economy runs.
The need for shared prosperity and security requires co-ordinated national and global response. If not we could be looking at leaderless mass responses that will serve no one.
When this Pandemic is over corporate priorities will revert, recalibrate their priorities, but for the rest of us, the ramifications of all of this apart from the tragic loss of lives (Coronavirus kills on an average of just 18.5 days) must go where no man has gone before.
Regardless of how health care is funded, all countries face similar challenges – namely, how to meet the rising demand for services and transform care in response to an aging population and changing patterns of disease. This is leading to increased pressures on services and funding challenges in countries around the world.
It’s currently unknown what exact procedures would be given to a patient with suspected COVID-19. And, depending on your symptoms, you could have a quick 15-minute visit to urgent care or an urgent visit to the ER — not necessarily both.
In the USA Coronavirus testing might be free, but the hospital trip may set you back thousands.
Depending on where you are the average cost of COVID-19 coronavirus patients may reach more than $20,000.
It all comes down to what treatment and what medical coverage you have.
Paying people a living wage and convincing them that you are listening to them is not the current UK Living Wage is £9.00 an hour. The current London Living Wage is £10.55 an hour.
Salary is a fixed cost, which may increase annually as an employee becomes more valuable to the employer.
Your organization’s workplace values set the tone for your company’s culture, and they identify what your organization, as a whole, cares about.
The average cost for burial is £4,321.
We all have our own workplace values these values must come to life.
Remember that we human race has never been able to eradicate any disease except smallpox, let’s hope that out of this one we eradicate inequality.
All human comments appreciated. All like clicks and abuse chucked in the bin.