Showing posts with label worker's rights. Show all posts
Showing posts with label worker's rights. Show all posts

Universal Basic Income—The Unfinished Business of the Feminist and Labor Movements



What do a housewife in Chicago and a factory worker in Detroit have in common?

No one wants to pay you for your labor.

You read that correctly—your work has no economic value. Society needs you to work, or civilization will fall, but we're not gonna pay you on our dime. Various politicians might give lip service to the importance of the family or the right for workers to earn a living wage, but in the plain truth is, for most of history, caregivers and laborers have been viewed as nothing but slaves. That we even paid a living wage to our labor class from the early 1940’s till the early 1990’s is a miracle, and a first in modern society.

It might seem harsh to call our caregivers and laborers slaves, especially since the Feminist and Labor Movements of the early 20th century did so much to change that outlook, but the truth still remains. For even though Feminists would like to deny it, raising children takes time and attention which means an employer’s and children’s needs are often at odds. And even though the stock market hates it, the men and women doing the most labor-intensive work in our society actually need to eat and sleep under a roof at night.

While Feminism made strides in opening doors for women to get their slice of the economic pie, they have yet to solve the problem that children need to be raised and that work of caregiving deserves a living wage. And while Unions popped up all over the land fighting for justice for those who work the factory line, build our roads, extract and mine our minerals, put out of fires and protect us from harm, they’ve lost ground in the past twenty years, no longer able to extract living wages, retirement, safe work conditions and other benefits from employers, and instead leaving those who do the most dangerous work in our world behind in poverty.

I think about this a lot and how a Universal Basic Income might finally grant ALL those who work the freedom to choose their masters. I’ve written about UBI from a feminist perspective, a technological perspective, as well as an economic perspective. I’ve even suggested that money isn’t even real, at least not the way you think. My study of wages, money and reward has led me to the unseemly fact that all civilizations, including the one we now find ourselves living in, were founded on unpaid labor both within the home as well as the most labor-intensive part of the economic pipeline—those jobs that need the most physical effort.

Consider this, the first law on the books against slavery was made in 1777 CE, when the state of Vermont outlawed it. The first nation to outlaw slavery was England, in 1807 CE.  Slavery is one of the cornerstones of human society and there’s evidence that it existed long before writing. Most experts agree that the concept of owning another person only became affordable with the advent of towns and cities, where surplus food from the countryside was stored, which may have started as far back as 10,000 B.C.E. Thus for at least 12,000 years, the idea of owning a human was completely acceptable. Slavery is even older than currency, and while we no longer allow slavery in most of the first and second world economies, our monetary systems were based on a significant portion of the work being free. Owned humans provided labor in two key areas: the raising of children and household maintenance (mostly women) and the extraction of raw materials for the creation of goods, and the building of infrastructure (mostly males).

In the female realm, marriage contracts provided this free labor. Women were sold by their fathers to potential husbands (the exchange of a dowry), and then mated to produce and raise children. In addition to birthing and raising children, wives also took care of the home, the elders, prepared food and provided free labor for the social structures needed within the community. In exchange, they were given food and a home.

Of course, there was sometimes romance and love in this situation, but monetary policy cares nothing about love. The economic conditions of the marriage arrangement at its most basic is one in which the husband provided food and shelter for a mate who provided children and the labor of the home. Women in most societies didn’t chose who their husband would be, their family did. And within that economic system the labor of the home was unpaid, and still is to this day. As wealthier classes came into existence, wives of rich merchants or nobles for example, were able to purchase slaves, usually women, to help them run the household. This would free the women of the upper-class to educate themselves and eventually they would be the ones to see the economic inequality within marriage, and begin to fight for the liberation of women, starting with women of privilege.

Yet to this day, women of means need lower-class women to do the work of the home so that they can “lean into” the workplace and make their fortune, and too often, the lower-class women that make it possible for some of our sisters to break the glass ceiling struggle to make ends meet. Since the liberation of women into the workplace, and all of the property, fertility and divorce rights that went with it, the work of the home is at best a minimum wage job with no unemployment, retirement or health benefits, whether providing care for the children, or cleaning the house. And for those women who chose to do this work themselves, the wage is zero.

In the male realm, slaves were used to do the hard work of extraction, whether in the mines or in the fields, or building infrastructure, such as roads, monuments and aqueducts. Men were sometimes born into slavery, but more likely taken by war into slavery. Slaves were the great prize in any battle. Their unpaid labor is what fueled our economies for centuries upon centuries. The Sumerians, Greeks, Egyptians, Romans, Mongols, Europeans, you name it, all of those empires were founded on the unpaid labor of male slaves. Their back-breaking work was the origin for all goods, and still is. We can’t have computers without the mines, and someone has to extract the minerals. Google Lithium Mine Workers and enjoy the story of the tech industry's slave labor.

We’ve made strides to use technology to advance this aspect of labor, yet until the 1800’s, the business plans for all enterprises had at their foundation slavery—the extraction of everything from bananas to chocolate, to sugar to gold was done by unpaid slaves. Hence, the most grueling aspects of business were done for free. The only obligation the slave owner had was to house and feed their slaves, to the extent that they wanted productivity from their purchase. Hungry men can’t crawl on their bellies all day in the coal mine tunnels. Men without shelter won’t live very long. Thus, the labor wasn’t exactly free, just like the women doing the work of the home, the men doing the work of the fields needed food and shelter, and their owners provided it.

It is within this structure of unpaid labor that currency was born. And in many ways, we’re still operating in the same way, for even though we’ve come to accept, in part, that humans can’t be owned, that we should be compensated for our labor, and have a choice as to where we invest our labor, our monetary system still trends towards free and unpaid labor as the foundation of its success. Wages and benefits are the largest portion of any profit and loss statement. Reducing those costs is the easiest way to raise profits.

We have the understanding that all men and women are equal under God, but have yet to create an economy where all labor is paid. It’s the economic need for slaves that made the early Greek philosophy of the rights of the individual dangerous. This is why they gave Socrates a cup of poison hemlock, at some level they knew where “know thyself” was going. For once the individual human is glorified, then the issue becomes which humans are to be free? Citizens? Slaves? Women? What do you do when the rights of the individual are in direct conflict with the economy in which you live?

When America outlawed slavery, it fell to the employer to make sure the laborer was paid enough to provide his own food and shelter. Emancipated slaves lost the protection of their masters but gained the freedom to choose who they would work for. The transition wasn’t pretty, and many people were taken advantage of in the early Industrial Age. Enter the Labor Movement. And we’ve been struggling to make the balance sheet work ever since. The end of slavery flooded the paid labor market with freed slaves. Later the Feminist movement would add educated women to the labor pool, and now labor is cheap. So cheap it can no longer pay for food and shelter. In the end, supply and demand will always have its way.

This is why the Labor Movement worked so hard to make sure that the profits created by the work of human hands be distributed to the workers themselves. Yet today, many working-class men and women find themselves unemployed, with no one ensuring they have food and shelter. People who broke their backs, some literally, to give us the world we live in, are ignored, unseen. The economic system might have bent for a while to ensure the dignity for those who labor, but as soon as it could ship the jobs overseas where slavery still exists (China, Burma, Taiwan), businesses did just that, and our government looked the other way. It’s only a matter of time before those slaves are replaced by machines. Consider Foxconn, the maker of iPhones. In 2010, their workers began committing suicide. The answer? Better wages, or working conditions? No, the solution was robots to replace at least 60,000 of them in 2016. Even the low-paid Chinese worker with no union rights is too expensive. Better to replace them with machines.

What then to do with our unemployed laborers? What to do for the caregivers that earn less than a living wage? How do we create a world where their work matters? The work of extraction and building must continue, even with machines at our sides. And the work of caring for children and our elders is important work. Often laborers and caregivers are the heart and soul of their communities. Do we let them go hungry, so that the coders and financiers of the world can make millions and break glass ceilings?

I find it strange that we’d rather pay a low-income woman money for sub-par childcare, but not pay her money to raise her children herself. We’d rather subsidize an out of work laborer with food stamps, than pay him a living wage to fix up houses in his neighborhood, clean up rivers and lakes polluted by industry, or use his body to protect his people and then reward him for it (just think of how we treat our veterans). Universal Basic Income, especially when combined with Social Credit projects such as the one Democratic presidential candidate Andrew Yang  proposes, can take the ideal that all of us are free one step further. This is the unfinished business of the great worker and women’s movements of the 20th century. Universal Basic Income is the completion of the promise to the caregivers and the laborers of our nation. It’s the only way to create an economy that is no longer at odds with human rights, and instead works FOR the people, rather than against it.

Capital Lust, Not Capitalism, is Destroying the Earth and the Economy





I don’t like the word capitalism, but not because I’m against the free market. Open trade and markets provide wealth and raise the standard of living for the majority of people in democratic societies. Free markets also allow the exchange of ideas and innovations without the meddling of governments or religion.

No, the reason I don’t like the term capitalism to describe free enterprise is because the term itself narrows the focus of free enterprise on capital, which is both the money needed to launch a business, as well as the money generated by the endeavor. Capital is of course important, without it, there would be no enterprise. But business doesn’t run on capital alone, no matter what modern Wall Street tells you.

For a free market to truly work, there are two more areas to consider: Labor and Land.

No business functions without labor. Whether machines or people, the free enterprise system needs workers. These are the folks who take the big idea and make it real. No invention has ever seen the light of day without labor, and often large amounts of it.

In addition, most businesses need raw materials, which come from the land. They also need a place to house their business and that too requires land.

Therefore the free market needs three things to thrive: Capital, labor and land.

The news is full of examples of how capitalism is failing us and the environment. The recent oil spill in the Gulf of Mexico is a perfect example of this. Why would Shell let this happen? Will the reason for the spill be similar to the BP debacle where it was shown that they’d skimped on maintenance to enhance the bottom line? Then there’s the famous Foxconn manufacturing in China, where all of our iPhones are made and workers make$1.85/hour yet Americans spend $399 to own the phone the workers so painstakingly make shiny and beautiful at the cost of their health, lives and dignity. Or the 1,100 workers who died in Bangladesh in 2013 making clothes that sell here in America for hundreds of dollars, but for which they received less than $2 an hour and in the end lost their lives.

I can go on and on with examples. Steel mills shutting down. The loss of the middle class. Shipping jobs overseas. Technological unemployment. All of these point to a failure on the part of our economy, but is capitalism to blame?

What if Capital Lust was to blame?

Capital Lust is the obsession within the business community to focus solely on the profits at all costs, to the detriment of labor and land. Capital Lust is what drives a company to reduce benefits, or cut back on safety measures, or lower wages, or dump toxic chemicals into the water rather than clean up their waste, so that they experience continuous profit increases. Capital Lust is the worship of capital over all else.

And unfortunately, Capital Lust is what rules the global economy.

How did we get here? Business owners have always been greedy. Money has a way of bringing out the worst in us. However I think a more modern form of raising capital might be the issue today—The Stock Market.

“Stock is a term used to symbolize an investor's ownership in a company. Those who own stock are commonly called stockholders or shareholders. As a shareholder, an investor theoretically owns a percentage of everything the company owns or owes. The company's profitability, or lack thereof, determines whether its stock is traded at a higher or lower price. While trading of debt and commodities has its origins in the Middle Ages, the modern concept of a stock market began in the late 16th century.” 

Stocks literally paved the way to the new world and financed almost all of the trade ventures of that time. Eventually, traders in London in 1773 took over a coffeehouse as a means to physically trade stocks between the companies, founding the London Stock Exchange. In 1770 traders in Philadelphia would do the same.

Stocks as a means to raise large sums of capital gave us the Industrial Revolution. With this form of investment much technological and social progress has been made. There is no doubt that as a means to supply cash into the free market, stocks are truly important assets.

But what about shareholders? With time, shareholders have demanded more and more profits from companies. Stocks are assumed to always increase in value, exponentially. No one wants to be the one who says, “Well, we’ve hit the limit. Profits can’t rise anymore so stock prices will remain steady.” No one. Every company has to continue to increase in value. There are a few ways to do this—increase productivity, increase price, increase market share or decrease expenses. In a world with finite resources when it comes to labor and land, eventually the opportunities to increase diminish and the only way forward is to decrease expenses.

Shareholders now govern the actions now of the company. Since most CEOs are paid via stock, they too want to see the share values rise. So do the traders. So they manipulate markets. They lobby for laws to allow them to take on shadier investments, they work with bankers to increase credit within the market place to give the impression that increased consumerism is occurring, even though wages have been stagnant for decades. And finally, they create hype and bubbles to give them a momentary abundance of capital, and then cash out just before the bubble bursts.

Stocks have encouraged new forms of Capital Lust within our modern market. Stocks are longer pieces of paper that you can exchange with another person, and instead are traded in microseconds by artificial intelligence programs called algorithmic trading systems written by brilliant software engineers affectionately nicknamed quants. Thus stocks are more virtual reality than anything else, yet stock prices govern the lives of many.

By ignoring labor and land, modern capitalism isn’t really a free market. Companies are deemed too big to fail in this situation and thus, true competition is vanishing. In addition, workers are losing rights daily while the environment is polluted in new and more elaborate ways as we mine and harvest the Earth for our precious metals, oil and gas to run our industry.

What to do? Here’s a strange idea, how about we make some rules about what sort of company can be traded publicly on the NYSE? This law would state that only those companies who have fair and safe labor practices and that follow all EPA guidelines for land use, NO MATTER WHERE THEY OPERATE IN THE WORLD, can seek capital in the form of stocks in any publicly traded stock exchange. Imagine it.

These sorts of companies already exist. We call them socially responsible companies and many investment firms have offered Socially Responsible Investments for decades. I myself rolled my 401K into a SRI seventeen years ago. Do I make 10% each year? No. But they do get returns around 6% and I haven’t lost a dime either. Even during the 2008 crash, my funds increased in steady value because none of the companies in the fund participated in the subprime derivative mess. When my husband saw how much better my SRI funds performed than his regular funds filled with polluters and abusers of workers, he also switched.

In reality, companies that care for land and labor are safer bets in the long run. Their growth might be more realistic and the returns lower on average, but they’re still able to make money while also caring for land and labor. SRI companies are balanced free market enterprises.

In a world where all sorts of laws are passed to make the acquisition, manipulation and hoarding of capital easier, why not demand that companies treat labor and land with dignity if they wish to play the capital game? Show us a business plan that cares for labor and land while still making a profit, and you can use the stock market for access to capital. Too hard to do? Hogwash. Use those impressive MBA degrees to figure out this puzzle.

And if a company is found using Chinese slave labor, or one of their factories crashes on their employees’ heads, or a pipeline spills methane into the air for months, their stock can be frozen until they’ve remedied the problem, not only in the now, but also in their business plan going forward. Oh, won’t the shareholders hate that?


I love the free market and hate to see it abused by Capital Lust in this way. Greed will always exist, which is why we need government to protect us at some level. By restricting access to the stock market to only those companies with a balance between honoring labor, land and capital, we just might see a whole different future.