Common Sense Of Contemporary American Economics And Politics

Economic Theories presuppose the consumer has money to spend on Goods and Services. However, business owners, who supply the Goods and Services of the Economy, notoriously under pay their employees, who are also the consumer, in an effort to maximize profits. Consumer Credit is required to temporarily provide a path to keep the Economy a float. Unfortunately, consumer credit results in a downward spiral of the Economy and the Economy eventually crashes. The crashes have been observed throughout history and generally result in a correction to the Theories of Economic Systems. Heretofore, the underlying problem, insufficient funds in the hands of the consumer, seems to have escaped the notice of those manipulating the complex calculations. In order to have an Economic System that works it is necessary to assure that every adult who wants a job can have a job that pays a living wage. Minimum wage laws have so far proved to be more problematic than successful. First of all, no minimum wage has ever equated to a living wage. Secondly, employers routinely find ways to circumvent the minimum wage laws. Action rather than force of law is the answer to this age-old problem. The Government needs to provide a job that pays, at a minimum, a living wage to every adult who wants a job. By doing this every business owner who needs employees to acquire profit from his or her business will be forced to pay no less than a living wage to their employees. Throughout history Governments have taxed their citizens to pay the wages of their employees. This practice would lead one to believe that Government Employee labor has no value of its own and can only receive value from the labor or business of private citizens. Nothing can be further from the truth. In fact, a Country’s value is derived in part from the results of the labor of the citizens who work for their Government. This value can be calculated and quantified and then used to fund an account from which Government labor can be paid. To preclude devastating effects to a Nation’s Economy the labor-supported money that funds the account can only be used to pay Government Labor. The value added to the Country by each Government Employee’s labor is rarely if ever equal to the wages paid to the employee. In some cases the value is higher than the wages paid and in some cases lower or quite possibly non-existent. The quantifying and calculating of the value of each Government Job is done and termed as a coefficient to the wage earned by each laborer performing that job. And then the earned wage is multiplied by the coefficient and deposited to an account within the Government from which only the wages earned by Government Employees is taken. At any time the Account reaches a zero balance then it will be necessary to pay Government Employee wages with collected taxes until the funds in the Account again rise. The collected tax dollars used to pay Government Labor can never be paid back to the General fund because this very action will open the door to abuse.