pay ratio

anonymous asked:

A thought I've had a few times: automation should be an exciting prospect, the possibility of freeing people from the necessity of labor (while still allowing people to labor when they feel so inclined). But instead, with how our system is set up, automation is a terrifying idea, because the machines will take our jobs and then I won't be able to feed myself or my family.

Incredibly valuable thoughts here. This is why groups such as the French Socialist Party and other left-wing parties in Europe have adopted policies of oversight over automation and its effects on the workforce. These are things where we can’t simply allow for capitalism and technological advancement to create “disruptive” innovations without intervention.

Dealing with this issue would involve things free-market capitalists don’t often like to hear; planning and management overseen by the greater populace through the state. In a social democratic society, these new innovations would be reviewed by an economic regulatory bureau to determine it’s potential for harm to workers before being applied universally and upending entire industries.  Instead, if these automation ideas were put in place, they’d be carefully managed and phased in to allow the workforce time to retrain and seek new opportunities. 

- @delendarius

I have a slightly different outlook on this, while I believe that it would work, it seems like it would slow the rate of economic growth by literally slowing the pace of innovation.

So, what do we do instead?

We create a universal basic income and a maximum pay ratio coupled with a robust safety net and high taxes on unearned income (any income not coming from labor such as profit, investments, and dividends).

The Universal Basic Income should be based on the taxes from unearned income, divided evenly amongst the population. This way, any profit generated from technological innovation would only serve to increase the incomes of the whole populous. There will be people that lose jobs due to technological innovation, but the financial benefits of technology should be shared by them as well.

The Maximum Pay Ratio will ensure that the wealthy cannot just appoint themselves board positions with high salaries in order to steal profits. You require that no one person can be paid more than 25x the lowest paid person working for their company. If you noticed, I said lowest paid person, not lowest paid employee. This would include everyone in the supply chain, outside contractors, factory workers, everyone that contributes to their company through work in any way. If an executive can justifying paying someone three dollars a day in another country to work, they will only be able to make $75 a day themselves. if an executive wants to make $1 million a year, their lowest paid person would have to make $40,000 a year.

This will also ensure that any pay increases will spread to everyone, not just the executives.

A robust safety net would include things like universal healthcare, free college, and one year 100% unemployment insurance. This would mean anyone who loses a job due to technological advancements would be able to spend a year either looking for work, starting a business, or retraining for a new field. The retraining would be free since college tuition would be. 

The high taxes on unearned income would serve two purposes, to fuel this proposed system and to motivate companies to reinvest profits into wages, research and development, and infrastructure. If they have spent the money on other purposes, it is no longer profits and is thereby, no longer taxable. This will prevent large extractions of wealth from the economy for personal enrichment. 

With a system like this in place, we would not need a government body around to slow progress. The people would be cared for while getting economic gains from technological innovation shared with them. They would also have a robust safety net to help them into a new career. 

Obviously, my answer is an ideal system while what @delendarius has proposed is a way to modify the existing system without massive changes. It is very likely that we will have to pass through this type of regulatory system before we could even dream of my idealized system. 

- @theliberaltony

anonymous asked:

Okay i m sorry i know it's old af and i m not tryna start shit lmao but i just would like to know why you support the international women day ? Like just know why you think it's good ? I, as a female hate this shit and i think it's a very stupid and hypocritical celebration day


the first c-section to be performed in england was done in the 1880s by a woman…who had to fake her identity as a male to become a doctor. the first astronauts, who were white men, were sent to space by a group of incredibly talented and intelligent black women…who are only receiving praise for it recently. that was in the 1960s. you can thank madame curie for so many of our scientific discoveries. hillary clinton is the reason transgender people can change their gender identities on legal documents, which she didn’t even take any public credit for (y’all still wanna attack her for some “emails”, though, bc she’s clearly “just as bad” as trump…and those “emails” wouldn’t even matter if she was a man, bc mike pence is getting away w/ using his personal email as we speak).

but it doesn’t really matter, right? because asian women still make only 90% of what every man makes…and that’s the highest women:men pay ratio, not even coming close to the ratio between latinas and men, which is nearly 1:2. and how about the double standards? a man who sleeps w/ several women is a stud, a woman who sleeps around is a slut.

how about the fact that the american government wants to take away a woman’s right to abort? how about how our current president is under investigation for the rape of a 13 y/o girl and blatantly believes it’s alright to “grab a woman by the pussy”? that the majority of female (and male) rape victims are terrified to come forward for the fear of being told they were “asking for it” or “lying for attention”, and our society 100% supports it, bc brock turner is a free man?

I could go on for days, but if you think it’s a “stupid and hypocritical celebration day”, you are clearly very ignorant and need to learn some female-appreciation. girls who don’t care about female rights and ambition make me very sad. I don’t think you disliking international women’s day makes you a bad person by any stretch or means, but if you don’t know why we need a day of celebration for women, I am disappointed. but to be honest, I’m even more disappointed that you even have to ask what my opinion on it is.

The next Labour government will transform the workplace

Labour’s 20 point plan to end the ‘rigged economy’ in work

Labour is backing a comprehensive programme to strengthen rights at work, make sure new jobs are good jobs, and end the race to the bottom in pay, conditions and job security.

Low pay and insecurity have mushroomed under the Conservatives. Labour will invest in the jobs and industries of the future, and take action to enforce a floor under employment standards across the board – so that all jobs are decent jobs.

The next Labour government will bring in a 20 point plan for security and equality at work:

·  Give all workers equal rights from day one, whether part-time or full-time, temporary or permanent – so that all workers have the same rights and protections whatever kind of job they have

·  Ban zero hours contracts – so that every worker gets a guaranteed number of hours each week

·  Ensure that any employer wishing to recruit labour from abroad does not undercut workers at home - because it causes divisions when one workforce is used against another

·  Repeal the Trade Union Act and roll out sectoral collective bargaining – because the most effective way to maintain good rights at work is through a trade union

·  Guarantee trade unions a right to access workplaces – so that unions can speak to members and potential members

·  Introduce four new Bank Holidays – we’ll bring our country together with new holidays to mark our four national patron saints’ days, so that workers in Britain get the same proper breaks as in other countries.

·  Raise the minimum wage to the level of the living wage (expected to be at least £10 per hour by 2020) – so that no one in work gets poverty pay

·  End the public sector pay cap – because public sector wages have fallen and our public sector workers deserve a pay rise

·  Amend the takeover code to ensure every takeover proposal has a clear plan in place to protect workers and pensioners – because workers shouldn’t suffer when a company is sold

·  Roll out maximum pay ratios – of 20:1 in the public sector and companies bidding for public contracts - because it cannot be right that wages at the top keep rising while everyone else’s stagnates

·  Ban unpaid internships – because it’s not fair for some to get a leg up when others can’t afford to

·  Enforce all workers’ rights to trade union representation at work – so that all workers can be supported when negotiating with their employer

·  Abolish employment tribunal fees – so that people have access to justice

·  Double paid paternity leave to four weeks and increase paternity pay – because fathers are parents too and deserve to spend more time with their new babies

·  Strengthen protections for women against unfair redundancy – because no one should be penalised for having children

·  Hold a public inquiry into blacklisting – to ensure that blacklisting truly becomes and remains a thing of the past

·  Give equalities reps statutory rights – so they have time to protect workers from discrimination

·  Reinstate protection against third party harassment – because everyone deserves to be safe at work

·  Use public spending power to drive up standards, including only awarding public contracts to companies which recognise trade unions

·  Introduce a civil enforcement system to ensure compliance with gender pay auditing– so that all workers have fair access to employment and promotion opportunities and are treated fairly at work

 John McDonnell MP, Labour’s Shadow Chancellor, said:

 “These policies will be the cornerstone of the next Labour government’s programme to bring an end to the rigged economy that many experience in workplaces across Britain.

“The scandal of six million people earning less than the living wage, and four million children growing up in poverty are not inevitable. It only takes a change of government to bring these outrages to an end.

“The measures we are planning will make that possible, update our country for the 21st century and prepare us for the economic challenges ahead.

“They will also underpin the values we want to see in the British economy, and underline the scale of Labour’s plans to transform the workplace from the shop-floor up to the boardroom.

“When voters go to the polls on 8th June they should know that if they vote Labour, they will be voting for a change in the balance of power not only in society but in their places of work.

“It will mean tearing up the Tory status quo that allows most people’s wages to fall behind prices, and allow them to start to share in the wealth they help to create.

“Only a Labour government led by Jeremy Corbyn will stand up for the many in our offices and factories, while the Tories are only prepared to protect big business and a wealthy few.”

Rebecca Long-Bailey, Shadow Secretary of State for Business, Energy and Industrial Strategy, said:

“Labour’s 20 point plan on employment rights seeks not only to extend the rights of workers but enforce them too. For too long people have fallen through the gaps in the law or suffered because the law is simply inadequate, we intend to stop this. This election offers a clear choice: do you want a labour market run for the many or the few.”