Millions of jobs have been lost in the last few months and more coming in the future. Goldman forecasts the jobless rate will climb to 9 percent by late 2009 in US with the current rate hits at 6.5%. The seasonally adjusted jobless rate for the three months ended Oct. 31 for Hong Kong climbed to 3.5 percent.
For fear of the social problems and a longer term of depression brought by massive unemployment, it has been a very high priority of many governments to seek for the immediate solutions in saving or creating jobs to sustain our economic activities without further depression.
The President Elect, Obama announced recently to save or create 2.5 million new jobs in the next two years. The Hong Kong government also announced many new openings in its own departments including temporary jobs.
Jobs lost need to be created again. Unemployed people need to be employed again.
Job loss is resulted from the sudden or slow demand of the products or services of the company concerned that the income of the company cannot support the current level of work force.
The logic should follow that job creation is due to the demand of the products or services of the company concerned that the activities are justified for the new job openings. We can only save or create job by creating or improving the demand of the products or services that people would like to exchange with money so to create income for the company as well as for its work force.
If we simply create jobs that people get employed so they have income for consumption to support our other industries without identifying the values of such job creation by itself in the first place, we could create out of exchange condition as the job saved or new job creation may not produce value to the companies or the community concerned. You could imagine the scene as what we have experienced recently; if we continue to save jobs in many financial institutions that continued to develop investment products with high leverage and inflated prices. For the long term survival of our community, the products or services need to be valuable and exchangeable in fair term and jobs created under such circumstances can be sustained.
So the questions to ask are:
(1) What products or services can we create to produce, deliver and exchange with other activities that are valuable?
(2) Can we produce or perform with value?
(3) Can we provide a fair exchange field that we can exchange our products or services with others domestically or internationally that the rights of each party is protected?
Our living standard can no longer be supported by gain with high leverage investment vehicles and debts anymore as you can see from our recent financial tsunami; which in fact reflected the lack of our basic answers to the above three questions to cause massive job loss in many countries in the first place. So you see it could be a illusion to save or create jobs so to maintain the same living standard without comparable value of one’s products or services to be exchanged with.
Our problem started from a deviation from the basic, and the problem can be solved if we go back to the basic.
Yes, we want job creation and the economy is doing well. But in order to achieve this, we need more than just "job creation".
Please ask yourself what valuable products or service can you provide to your company or community that is needed and wanted. The economy will do well and continue so if we provide valuable products or services that are exchangeable in our community. Let's start really producing with value!
For fear of the social problems and a longer term of depression brought by massive unemployment, it has been a very high priority of many governments to seek for the immediate solutions in saving or creating jobs to sustain our economic activities without further depression.
The President Elect, Obama announced recently to save or create 2.5 million new jobs in the next two years. The Hong Kong government also announced many new openings in its own departments including temporary jobs.
Jobs lost need to be created again. Unemployed people need to be employed again.
Job loss is resulted from the sudden or slow demand of the products or services of the company concerned that the income of the company cannot support the current level of work force.
The logic should follow that job creation is due to the demand of the products or services of the company concerned that the activities are justified for the new job openings. We can only save or create job by creating or improving the demand of the products or services that people would like to exchange with money so to create income for the company as well as for its work force.
If we simply create jobs that people get employed so they have income for consumption to support our other industries without identifying the values of such job creation by itself in the first place, we could create out of exchange condition as the job saved or new job creation may not produce value to the companies or the community concerned. You could imagine the scene as what we have experienced recently; if we continue to save jobs in many financial institutions that continued to develop investment products with high leverage and inflated prices. For the long term survival of our community, the products or services need to be valuable and exchangeable in fair term and jobs created under such circumstances can be sustained.
So the questions to ask are:
(1) What products or services can we create to produce, deliver and exchange with other activities that are valuable?
(2) Can we produce or perform with value?
(3) Can we provide a fair exchange field that we can exchange our products or services with others domestically or internationally that the rights of each party is protected?
Our living standard can no longer be supported by gain with high leverage investment vehicles and debts anymore as you can see from our recent financial tsunami; which in fact reflected the lack of our basic answers to the above three questions to cause massive job loss in many countries in the first place. So you see it could be a illusion to save or create jobs so to maintain the same living standard without comparable value of one’s products or services to be exchanged with.
Our problem started from a deviation from the basic, and the problem can be solved if we go back to the basic.
Yes, we want job creation and the economy is doing well. But in order to achieve this, we need more than just "job creation".
Please ask yourself what valuable products or service can you provide to your company or community that is needed and wanted. The economy will do well and continue so if we provide valuable products or services that are exchangeable in our community. Let's start really producing with value!
