But there are still Austerity, Cuts, increase of taxes and the Right to Food.
How inflation is changing the annual employee pay increase equation in 2022:
KEY POINTS :
A pay surveys show that 2022 wage increases will rise more than in recent years, but in the low 3% range, not as much as the current level of headline inflation in the US economy, which has reached 6.8%.
Companies continue to monitor inflation and the evolution of the data suggests that there is still room for a more significant increase in wages next year.
The good news: 99% of employers are planning raises, according to one survey. The bad news: There are several reasons why companies don’t set pay to directly match inflation.
AssumptaGH:
Why would an increase in wages result in a further increase in inflation?
TSASI:
I keep hearing that we need to be careful about raising people’s wages as it will result in further increases in inflation? I said everyone deserves a pay rise.
AssumptaGH
You know the impact this could have on inflation, which you know is the very thing that everyone is really worried about.
TSASI:
The same goes for the thought of training more entrepreneurs who supply the world with rich ideas and new knowledge to the market. We need to be really concerned about them before concluding that rising people’s wages are a risk to the economy.
Indeed, we always have to take care of many people of our time who delude themselves that satisfying their desires is what they live for.
AssumptaGH
We are also bombarded in our buying societies, with false need-inducing advertisements where our identities are then socially defined by our consumer habit. Before asking for wage restrictions, we need to consider all of these areas.
TSASI:
Ghana’s finance minister has also called for wage restrictions because he thinks it could lead to inflation.
Pay the bond? There are MPs and ministers who have a high salary increase. There are managers who bring home millions of cedis every year. There are companies that produce billions of Cedis every year. There are football players who earn billions, Formula 1 drivers, tennis players, DJs, musicians, boxers, car manufacturers.
The arms industry, also known as the arms trade, is a global industry that manufactures and sells weapons and military technology. It consists of a commercial industry involved in the research and development, engineering, production and service of military material, equipment and facilities. They also make billions in profit every year.
In the United States, 23.9 million children live absent from their biological fathers. Fatherless children in the United States of America represent:
â—Ź 63% of teen suicides:
â—Ź 70% of minors in state institutions:
â—Ź 71% of high school dropouts:
â—Ź 75% of children in chemical abuse centers:
â—Ź 80% rapists:
â—Ź 85% of young people in prison:
â—Ź 90% of homeless and runaway children.
It’s always been like this, it’s not even a coincidence. When you look back at the equation through the causes far enough, you’ll see that it was done deliberately to tear the family apart.
Wage increases have been pretty stagnant and inflation has risen massively, so why should a raise now drive it up? Anyone more knowledgeable on this please shed some light?
AssumptaGH
The transformation world leaders should aim for is the development of what we call the “greater self,” emulating the Mahayana Buddhist ideal of the bodhisattva, continually strengthening their compassion and taking action to alleviate the sufferings of others. In today’s world, the bodhisattva’s embrace needs to widen to be big enough to include not just other human beings but the entire planet, as we find ways to tackle global problems caused by human influence such as climate change and deforestation.
What is Inflation?
TSASI:
So far it is due to supply-side shortages (same amount of people bidding for less amount of goods). However, if everyone gets a 10% raise, people get extra money to spend, which helps drive demand.
So now it’s the same amount of people, but everyone is the richest 10% (nominal), bidding on an unchanged amount of goods. And the sellers think it holds, people can now clearly afford more and prices go up again, causing inflation.
AssumptaGH
It is indeed time to introduce an economic system that can work to erase the expressions of misery and agony from people’s faces and replace them with joy and gratification, an economy of happiness.
I am the principal of babies and Todds DayCare and I describe my work as fostering children: a philosophy, based on respect and concern for all life, that accords closely with the concept of sustainable development.
(1) Fostering these to have a stable family environment.
(2) We also help children and families who may be in difficult time.
(3) We support children and young people to achieve positive outcomes.
(4) It means helping the children to grow up to be able to create family and social harmony and equality, protecting their environment and ensuring prosperity.
The Buddhism I practise is essentially about bringing all these elements of life into balance, whether on a personal level, educational level or a community or global level. What this means fundamentally is that we cannot build happiness or prosperity upon the destruction or disregard of other life, including the natural environment, for ultimately we ourselves will suffer the consequences.”
SGI president Ikeda consistently stresses the importance of education. In a proposal authored in 2002,* he called for the establishment of a UN Decade of Education for Sustainable Development, commenting: “In the case of environmental issues, which can be so vast and complex information and knowledge alone can leave people wondering what this all means to them, and without a clear sense of what concrete steps they can take
To counter such feelings of powerlessness and disconnection, education should encourage understanding of the ways that environmental problems intimately connect to our daily lives. Education must also inspire the faith that each of us has both the power and the responsibility to effect positive change on a global scale.”
While in some more extreme approaches to ecological awareness, human beings are perceived as unwelcome parasites causing nothing but damage to the Earth and other forms of life, SGI’s outlook is that responsible and awakened human beings committed to creating positive value can be the most promising protagonists of change.
Barbara Paterson, a German SGI member who worked in Namibia in fisheries management, echoes this perspective: “Western thought tends to regard human beings and nature as separate to the extent that some believe that human beings are bad for nature.
In contrast, Buddhism regards life and its environment as deeply interconnected this provides the philosophical basis for my research toward a holistic approach to fisheries management that can help bring human society back into harmony with nature.”
As well as its activities based on promoting the practical application of Buddhist philosophy, the SGI has consistently carried out public education and awareness-raising activities that are often centered around exhibitions. In the field of sustainability, the stress is always on the positive impact that one individual’s actions can have. This is the main message of the Seeds of Hope exhibition created in 2010.
The SGI is active at several different levels in contributing to sustainability. Its representatives contribute to global discussions and debates on issues such as ways of making the Sustainable Development Goals (SDGs) accessible and inspiring to young people. There are also national-level initiatives in many countries from tree planting to cleaning up parks, and so on.
In Brazil, the SGI has extensive activities related to sustainability. Most visible among these is the Soka Institute Amazon Environmental Research Center near Manaus, which was opened in 1993. The center has restored degraded areas of forest, with an emphasis on planting methods that enable the human population and the forest to coexist, and runs extensive environmental education programs.
The SGI works with various partners at the local, national, and international levels. One partnership that has been ongoing for more than 15 years is with the Earth Charter movement. The Earth Charter provides a universal expression of ethical principles to foster sustainable development, and its values are entirely consonant with those of the SGI.
Overall, however, where the SGI is perhaps contributing most to sustainability is through its individual members and their contributions in their communities and workplaces. These individual efforts directly exemplify “human revolution” in action—the never-ending process of growth and development of the greater self on which SGI members ideally embark through their practice.
These are all individual journeys from lack of hope and disempowerment to empowerment and action. They illustrate determination to take responsibility for initiating change and a refusal to give up hope in spite of all setbacks.
I believe it is in this personally felt spirit of contribution that the real legacy of Nichiren and the spirit of the SGI are to be looked at. Thank you all
