In Levelling Level, we discussed what everyone’s genuine basic requirements to function and survive at a basic level are.
The Foods, Goods & Services that provide for everyone’s basic requirements are essential.
Essential Foods, Goods & Services are what each of us need. They are not what we want.
What we need and what we want are two very different things.
The Basic Living Standard is a benchmark that means anyone who genuinely wants to work to live, rather than live to work has the choice to do so. That in return for providing the most basic functionality to fulfil the most basic role, the individual can live and maintain their own Personal Freedom through material independence.
The Basic Living Standard is not inflationary. Therefore, the Basic Living Standard Wage is not inflationary.
If a person wants more than the Basic Living Standard, they will have the option to gain more through the accumulation of skills, experience and/or time served that they can then offer to fulfill the needs of business and/or the community.
People can fulfill a role that needs a greater level of skill or experience once they have it, but the role cannot change or be awarded a higher wage, just because it’s what that person wants.
If the principles of The Basic Living Standard are always being adhered to, the highest wage within any organisation will find its own natural ceiling. However, this will take time and in the first instance, it is suggested that the highest paid employee or income earner within any organisations should not receive a gross income larger than the Basic Living Standard Wage any greater than five times (5x).
The following Table provides a suggested breakdown of how the BLSW should be apportioned:
|The Esssentials:||% Proportion of Income / Time (Suggested)|
|Savings, Investments & Other Eventualities||15|
|Taxation and/or Community Contribution||10|