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Issues related to jobs and income

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Message Farid Khavari

Some jobs are wealth-consuming (transferring) jobs. We need these kinds of jobs, of course--medical care and government, for example, and so on--we can't live without them.

But just like a family needs to bring home more money than it costs to live, our economy needs more wealth-creating jobs than wealth-consuming jobs. Adding wealth-creating jobs to the economy naturally creates more jobs in the future. Eliminating a wealth-creating job, or adding a wealth-consuming job, eliminates more jobs in the future.

WHAT ARE SUPER JOBS?

SuperJobs create more wealth than any other kind of jobs, by providing products and services that pay for themselves and permanently reduce costs for the customer.

Everyone knows - at least 99% of us do - that costs of everything go up faster than incomes. Insurance, interest, health care, energy, homes, cars, food, clothing--the cost of everything goes higher and higher. Sooner or later, your costs of living are more than your income, and you get poverty.

Any solid economic plan needs to focus on the many ways we can increase wealth and economic security by reducing costs, not just for government, but for everyone. The key is our small businesses, who are the first to hire people when their products and services are needed.

Permanently reducing costs creates far more wealth for a person--and the economy--than simply increasing income. That's what SuperJobs do.

Examples of these jobs would be making and installing decentralized solar- and wind-energy systems, which give the customer permanent savings on electricity, or hurricane-proofing homes to give customers permanent savings on insurance. Productivity-inducing Super Clinics are another example. These kinds of products and services eventually save much more money than they cost - so they add/create more wealth for people and the economy - than other products and services.

When people save money on costs, they have more money to spend on other things. This is how SuperJobs create more and more jobs and make our economy stronger.

DOES MINIMUM-WAGE INCREASE HURT BUSINESSES AND REDUCE EMPLOYMENT?

No, it does not. That's just propaganda. That's what Republicans want you to believe. As an economist I can tell you that raising the minimum wage always creates MORE jobs, not less.

Rick Scott says he "cringes" whenever he hears the words "minimum wage."

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Farid A. Khavari, Ph.D., is a noted economist and independent candidate for Florida governor in 2014. He is the author of 10 books including Environomics: the Economics of Environmentally Safe Prosperity (1993) and Toward a Zero Cost Economy (more...)
 

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