Currencies can become effective when they are in circulation.
Currencies can become effective when they are in circulation. This point
Giving or loaning funds to other countries does not mean a transfer of wealth. It means circulating one’s own currency to someplace where it is in short supply. Or, it means that the distribution of one’s own country’s currency has expanded into other regions
When the country receiving the given or loaned funds has a currency system that is different from yours, the act of giving or loaning may mean nothing but granting credit.
What matters here is whether the volume of the currency will increase or decrease, whether the given or loaned funds will return to your country, and how the funding will affect the value of the currency.
If a country does not give or loan funds to other countries, it means that the country itself is limiting the range of the distribution and volume of its currency or is constraining its currency’s functions.
A country must decide whether the funding is right or wrong depending on what it expects to gain by giving or loaning its own currency, i.e., what is the purpose of giving or loaning funds.
A country should not judge this issue superficially, such as being afraid of transferring its wealth to others.
People can't enjoy affluent living if their work and pay are not well balanced.
This also means that the way workers live forms the backbone of the production capacity of a society.
A falling birthrate and aging population might upset the balance between the production capacity of an entire society and payments to individuals. If the ratio between the numbers of workers and non-workers becomes unbalanced, the balance among income, production, and expenditure will be lost. This will result in making the society poorer overall. The increase in the non-working population will cause an imbalance between production and distribution.
Also, putting too much emphasis on productivity means that you are considering income only as a cost.
Then, you will lose your perspective on whether the balance between work and pay is fair or not.
To judge whether a person’s pay is fair or not, look at whether the person is guaranteed a minimum living wage. The minimum standards of pay are set by totaling the costs of daily necessities.
Contemporary economics tends to make an issue of the cost side of pay and overlooks other aspects such as distribution or necessity. Put another way, pay is the cost of labor. When you put too much emphasis only on the productivity of labor cost, you are motivated to minimize the labor cost. As a result, the amounts of pay will converge at minimum levels. This means that factors such as age, experience, and individual living requirements will be eliminated without being considered at all. This is a denial of the human aspects of labor.
This is the standardization of labor. If you look at labor only from the aspect of cost-effectiveness and try to pursue this aspect, you will result in forcing machines and humans to compete with each other.
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