Solution page 9.1:
Employees of Issuers
A powerful feature of the Producer Credit System is that employers would naturally want to set pay scales in their own Producer Credit as if it were at exact par with the value unit. Therefore the weekly paycheck of everyone in the company would vary in real purchasing power directly according to the buy/sell ratio of their employer’s Producer Credit.
A fixed wage payment of 1000 nominal units could be worth more or less than 1000 actual value units, depending on the buy/sell ratio of the Issuer’s Producer Credit at the moment.
Accordingly, everyone in the company would be affected proportionate to their payscale. Most would be acutely concerned about keeping up the value of the Credits they get paid in. The only way to do that is by maintaining balance-of-trade.
This really puts everyone - workers, executives and shareholders - in the same boat.
back
|