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RESTORE
PROSPERITY
POVERTY IN THE
CHALLENGES
JOBS
FOR ALL POVERTY AND LACK of JOBS More people on welfare than full time workers Video: Bad Laws are our main problem Video: Does Capitalism Benefit the Rich over the Poor? HOMELESSNESS AND TENT CITIES "Homelessness has skyrocketed across California. We have the nation’s highest homelessness rate and the nation’s highest homeless population." FOOD INSECURITY In
2016, an estimated 1 in 8 Americans were food insecure, equating to 42
million Americans including 13 million children. [i]. “ZONING OUT THE POOR” “ regulations that make it difficult to operate home-based and other very small businesses. Bad laws that keep people from making a living. EMPLOYMENT BENEFITS BEYOND PAY “summer jobs program significantly reduced violent crime” PART OF THE PROBLEM THE MINIMUM WAGE LAW REDUCES Our Sacrifices to the “minimum wage god” are costly! · Lost opportunity for many, 109 million on welfare, · Reduced working hours, lost jobs, · Wasted lives for some who cannot find their first job and turn to crime, · Protectionism costs jobs; just say no to protectionism. · Export of our products is excellent opportunity, discussed more below. SITUATION THE JOBS LADDER Why Athletes (and Actors) make more than jobs that are more essential? PICTURE THIS LADDER · At the top rung of the pay scale are sports figures and movie stars. The higher the quality the shorter the supply of people with those talents; Their pay is regulated naturally by the supply and demand scale. Because of their talent they command high pay. · On the second rung picture a CEO (chief executive officer). These people rise to the top because of their IQ and wisdom and memory and decision making ability. Again, pay is regulated by supply and demand. · On the third rung picture; doctors, lawyers and accountants. These people are highly trained, well disciplined. Again, pay is regulated by supply and demand. · Supervisors or bosses; these persons usually move up the ladder to get to their level of pay because of their ability to manage their fellow employees. Again, supply and demand wages. Many of the above jobs (except for the top rung jobs) require a college education. · Picture fast food employees, they probably start at a minimum wage level that is government regulated. At least sometimes the employer reduces hours to control the cash flow of the business. Picture with me that two rungs are missing at the bottom of the ladder! These obstacles are created by excessive regulations · Young persons with education or rich parents have no problem overcoming the missing rungs. · The poor are “legislated” against getting that first job and many turn to crime. WE NEED MORE JOBS IN Prior to about 1970 our imports and exports were close to balance but now our exports are far below our imports. With supply and demand wages entrepreneurs could supply jobs for almost everyone. “On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency.[4] This action, referred to as the Nixon shock,” That Nixon action and the minimum wage has cost us our export jobs! How to get our jobs back · Not gold but, adopt the Constant Value Dollar proposed Constitutional Amendment · The above action is not enough we must reduce the cost of living too. We can start the action to reduce the cost of living by adopting the Government Pay Proposed Constitutional Amendment. This amendment would be phase in over a 50 year period. ·
The above proposed amendment, if adopted,
would reduce government pay at all levels of government; federal, state and
local. This would start to bring down the cost of living and would enable us
to create jobs that could fill the Herbert
G. Peters US
Senate California
2018 Copyright
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