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If Our Debt of Leisure Must Be Repaid, Should We Not All Fish Today?

Consider the following story:

Two villages grow beside a lake, one to the east and one to the west. The lake is almost paradise for there is no need for shelter or much other sustenance.  The villagers simply must fish the lake each day for food and take leisure.  At the beginning of time when the fish are few in numbers, everyone must fish many hours. But as the fish populate the lake, the townspeople on both sides of the lake find they have more time for leisure.

The fishermen in the eastern village are a driven clan, choosing not to take leisure but to catch more than enough fish for their own needs, and to offer their excess fish to the western village.  To entice the west, the eastern village offers to give more fish today and to take less fish back from the west at a later date to settle the debt.

The people of the western village find the offer irresistible because they can receive many more hours of leisure now knowing that some day when they must repay the fish, they will have to fish fewer more hours than the leisure that they gain today.  They even imagine that the fish in the lake might continue to grow so numerous that when the eastern villagers eventually ask them to repay the fish, the western villagers' children will have learned to catch many more fish, and may not even have to work more hours to repay the debt.  So the western village willingly accepts the offer of fish from the east.

 As the eastern villagers begin to deliver fish, the western villagers learn that some of their village's fishermen are no longer needed.  When the western village's catch is combined with the basket of fish borrowed from the east, the western village has more than enough fish.  The western village elders meet by the campfire and decide that their less skilled fishermen must sit on the bank, looking pitifully toward the lake and the other fishermen, and take full leisure.

The less skilled fishermen take full leisure even as the debt of fish grows ever larger to the village on the east side of the lake. The less skilled fishermen are willing to catch as many fish as they can even knowing that with less skills, they eat more than they catch.  Yet, the less skilled fishermen must take full leisure each day and share in the basket of fish that has been borrowed.   Nonetheless, the elders have spoken.  They must sit out the catch and watch the villagers from the east deliver fish to their shore.  How did the village elders of the west come to this wise conclusion?

I enjoyed the magical context of "Who Moved My Cheese" and wrote my fishing village story, trying for a similar simple imagery. To provide some insight on the America's structural unemployment issue, I did take the liberty of starting with a uniform landscape; one combined currency and product, and two distinct villages.

The elders in the story agree on a wrong conclusion, to have able bodied fishermen sit on the bank of their economy when they could obviously reduce their village's debt burden. The perplexing question to ponder from the story is why they or any nation that has trade imbalances would come to the "elders" conclusion.

Certainly adding more products to the mix allows less able fishermen to find other talents. But within the constraints of the story, with no other options and being unable to fully contribute their own sustenance, it still makes sense for the fishermen to fish. The west village let all eat till satiated. Having all people fish would lessen the charitable burdens of others in the village.

Adding more products to the story opens up more possibilities to reduce the trade deficit. Through innovation, we can create foreign demand for our products and command a higher than commodity price. I hinted at this possibility when I suggested that the children might be able to catch more fish in less time and pay back the east with innovation inflated fish dollars. Innovation is a product of America and must be guarded.

But within the constraints of the story, with no other options and being unable to fully contribute their own sustenance, it still makes sense for the fishermen to fish. The west village let all eat till satiated. Having all people fish would lessen the charitable burdens of others in the village.

 In addition, having one product for the story is sufficient if we make the assumption that utopian free trade existed for these two villages. I suggest that in one world market dominated by multinational corporations, "utopian free trade" is the ultimate trajectory point. We have a long path to that point I know. However, America is already experiencing the effects of traveling down this path.

 In my utopian market, all products have become a commodity and, therefore, neither community has a product advantage over another, other than transport distance and geography. In the story, utopian trade existed. The elders of both villages agreed on a market clearing price of fish. Investment capital freely flowed to keep both villages fully employable with boats, fishing gear and bait. All trade secrets were fungible and, therefore, neither village had any technology innovation advantage. Access to raw materials and skilled labor was unconstrained. Profit sharing between workers, management, shareholders, and government was equal for both villages, they shared fish to satiation. Neither camp showed any civil unrest, government instability, uncooperative weather, natural disaster risks, or harm for the environment. They coexisted sharing the one lake peacefully. Demographics of both camps were similar, so neither carried, for example, the burden of an excessive aging population. The means of exchange was also transparent and constant, fish in boats.

The difference between these two communities therefore was in their motivations. The east was willing to accept less than the west for their work and to produce more than they needed, saving the results of their labor in future currency. The west was willing to trade later labor for current leisure given that 1) later labor was less work than they would currently have to work for the same fish and 2) the potential that the work might be borne by future generations and that they might escape the work altogether.

 Skipping whether the west village's motivations were pure, one issue must be explained for the story (and our current trade imbalance) to be logical. Why would the western villagers not allow the able bodied fishermen to fish on behalf of their village? It certainly would be less burdensome on the other villagers who would have to fish later to make up the debt that could have been lessened if they fished. How could this decision have been reached?

Read more at jobvoucherplan.com

About the Author

Clifton Carothers is the president of both U.S. Air Ambulance and EPI-Center, Inc.  He has created a job voucher plan that can put America to work now.  You can find out more about his job voucher plan on http://www.jobvoucherplan.com or about his companies at http://usairambulance.net and http://epi-center.us

Which 2 year diploma sounds better: Hospitality, Tourism and Leisure or Hotel management?

Im about to apply to college and I have 2 program choices: Hospitality tourism & Leisure, and Hotel management. Half of the courses between the 2 programs are the same. However hospitality focuses more on attractions, theme parks and resorts. Hotel management focuses completely on hotels. If someone works in a five star hotel, is it easy for them to transition to a resort management kind of job?

Its definitly all up to you, of course you can transfer from a 5 star hotel to resort, its all in your attitude.
Though, trust me when I say travel, tourism and hospitality is proabley one for the funes and rewarding industrys you can get into!


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Jo Barr, Blacks Leisure Group at Careers In The Outdoors 2011.

Jobs for Foreigners in Philippines now available at Yats Leisure Clark Philippines

 

Yats Leisure has job openings for foreigners in Philippines interested to work in the hospitality industry

 

If you are foreigner living or planning to live in the Philippines, looking for a job that is no on expat terms and willing to work hard to prove yourself, you can approach Hong-Kong-based company Yats Leisure which is engaged in the development and operation of leisure and hospitality properties.   At present, Yats is focused intensely in developing their properties in the Clark Subic region.

 

YATS International Group of Companies has been operating in the Philippines since 1999 focusing on development of real properties and leisure estates.  With funds coming from Hong Kong, YATS has invested over US$20 Million in various projects and acquisitions in the Philippines.  The bulk of its leisure developments are inside the elite confines of Clark Freeport, Pampanga, which is about 45 minutes from Manila via the North Luzon Expressway. 

 

YATS is most prominent in Clark Freeport where it owns and operates a number of hospitality/tourism outlets.  Clearwater Resort and Country Club for example, is a 13-hectare estate designed to revive the US suburban lifestyle left behind by the American forces when Clark was the largest off-shore American airbase.  This is a family club which can almost be characterized as a country park surrounding a fresh water lake with a small number of basic hotel rooms and plenty of space to spend a lazy day.  It is also a very popular venue for weddings and corporate events.  http://www.ClearwaterPhilippines.com

 

YATS Restaurant & Wine Bar is both a gourmet restaurant and a business club in one.  As a restaurant, it serves anything from executive business meals to top-end fine dining menus featuring the best ingredients flown in from all over the world.  As a business club, members and guests frequently use its private and semi-private venues for business discussions.  Many important deals are sealed over a glass of wine at YATS.   YATS Club operates four outlets in Clark from casual dining to bistro and fine dining.

 

The YATS Wine Cellars has achieved a bit of fame amongst wine enthusiasts not only in the Philippines but also in Asia and other parts of the world.  Its 40000-bottle wine collection features not only legendary labels but also an incredible selection of matured vintage wines that are priced at delightfully attractive levels.  A lot of the wines can now be found at the newly opened Clark Wine Center, a 2-storey independent structure surrounded by 1.5ha of grassland.  The roof-deck lawn is a favorite venue for small wine parties.

 

As a real property developer, YATS holds titles to freehold properties in Pampanga and Tagaytay areas as well as leasehold rights of choice properties inside Clark Freeport.  These properties are up for outright sale and joint venture development projects.

 

Sales and Administrative office of YATS is in the Philippines Stock Exchange Center (Tektite) in Ortigas, Metro Manila.  For inquiries, please call (632) 633-1566, visit http://www.YatsLeisure.com or email [email protected].

 

Thank you for taking the time to visit our web site.

About the Author





 

Sales and Administrative office of YATS is in the Philippines Stock Exchange Center (Tektite) in Ortigas, Metro Manila.  For inquiries, please call (632) 633-1566, visit http://www.YatsLeisure.com or email [email protected].

 


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