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RE: TimeBanking: Alternative Community Driven Economies
Isn't highly skilled labor legitimately more valuable than unskilled labor? Shouldn't a heart surgeon make more per hour than a ditch digger?
Isn't highly skilled labor legitimately more valuable than unskilled labor? Shouldn't a heart surgeon make more per hour than a ditch digger?
It's a valid point, one that we debated ourselves. That said, we need something new and this is a step in the right direction, even if it is not entirely equitable. It's also an opportunity for someone with highly sought after skills to knowingly undersell their services in a conscious effort to help strengthen their community (and maybe build one in the first place.)
I had missed an important point on my intial read-thru:
Before I had noticed that, I wondered what differentiates time banking from any other currency? While there are details that would differ even it wasn't time-backed, as soon as you start weighting the value of the service per unit time, you lose a lot of what makes this fundamentally different. Having said that, I don't know if it will succeed, but it's certainly interesting and I'm inclined to root for it.