Chapter 688: Repairing and Mending

  Chapter 673 – Mending and Repairing

The big power is not something that a few pawns can shake, and the introduction of cheap labor from abroad is not that simple, except for the support of the capitalists, everyone else is against it.

There is no other, only interests.

The influx of cheap foreign labor will not only affect the domestic salary system, but also affect social security. Everyone’s personal interests will be jeopardized, so naturally they will oppose it.

On this issue, the position of the Vienna government has always been very firm. The distinction between primary and secondary is made very clear.

It is impossible to neglect the foundation of the country just because of the interests of capitalists. Except for highly skilled people, ordinary workers are not welcome in Austria.

On a national level, the people of the country receive an income, and the money still stays in the domestic cycle; when foreign workers are paid, most of the rest goes out of the country, except for the necessities of life.

The outflow of wealth is definitely bad for the country’s development, and no government would welcome it unless there was a real labor shortage that had to be made up by foreign workers.

Austria’s labor shortage is only a temporary short-term labor shortage due to the war. As soon as the capitalists stop expanding blindly, this problem will cease to exist.

Openly imported laborers are not the same as those who sneak in to work as black laborers. The latter are illegally employed and can be deported at any time; the former have signed a contract and are legal laborers, so they certainly can’t be so rough.

To import a large number of foreign workers, once the post-war economic crisis breaks out, the domestic employment and labor remuneration system will be shattered, further aggravating the crisis in a vicious circle.

The government tried every possible means but failed to stop the blind expansion of the capitalists, and was actually affected by the labor shortage and curbed this expansion trend, this ending is quite a bit of comedy.

In the face of profit, all difficulties can be overcome. Labor shortage then cut corners, after Christmas, a war for talent broke out in Austria.

In order to recruit more workers, many companies offered normally unimaginable concessions, such as: free lunch, free accommodation ……

Against this background, the number of labor disputes received by the labor inspectorate in 1880 hit a record low, and social class conflicts tended to ease.

The rising cost of labor also drove up the cost of doing business, but this little problem is not worth mentioning in the face of war.

Under a favorable situation, the “golden age” kept appearing in the newspapers, and many people were optimistic that this was another period of capitalist economic explosion.

While the public was unaware of the seriousness of the consequences, Franz could not help but be alarmed. Prosperity was brought about by the war, and once the war was over, it could not be sustained.

While the income of the populace increased, prices were likewise slowly creeping up. Once the war was over, this monstrous prosperity could certainly not be sustained.

After the war, the economic bubble was burst, the overcapacity crisis erupted, market competition became more brutal, and corporate profits dropped dramatically.

With the capitalist’s knuckleheads, in the case of low profits, depressing labor costs is the inevitable result. Layoffs and lowered salaries are the most common means.

Income has been reduced, but prices have reached a high level, and the days of the people at the bottom will become more and more difficult, and a crisis is about to emerge.

Franz would not be able to sleep if he did not have a colony to drain the flood. Just the thought of the horrible wave of unemployment gave him chills.

After much hesitation, Franz decided to take the initiative to intervene in the market. When the government intervenes in the market, it has to consider the techniques, and direct intervention definitely won’t work.

Putting down the newspaper in his hand, Franz instructed his maid, “Notify the heads of the Ministry of Finance, the Ministry of Banking Supervision, and the National Bank to come over for a meeting tomorrow afternoon.”

“Yes, Your Majesty.”

After saying that, the sound of “ding ding ding ding” rang out, and the maid picked up the phone not far away and started dialing.

One had to admit that the telephone was one of the greatest inventions of the 19th century. Prior to this, in order to notify a meeting, one had to send someone to send a message, which could not be done without half a day’s work.

Nowadays, telephone transmission takes only a split second. Of course, this is the emperor’s prerogative, the telephone company to open a special line, there are special people twenty-four hours a day waiting, to ensure that the first time to complete the wiring.

In this era of artificial wiring, ordinary people want to make a phone call, or to obediently line up, wait half an hour is not too late, the peak drag on two or three hours, are normal operation.

Since it is a purely manual operation, the occurrence of some accidents, naturally inevitable, for example: the most common operator error, resulting in telephone tampering line.

Nowadays, the popular monthly call system, due to the telephone company personnel operating errors, resulting in delays in the call time the telephone company is not responsible.

There’s no way around it, it’s just overbearing service. These days, the phone belongs to the high-tech products, telephone company monopoly, love not to use.

No matter how bad it is, the telephone is much better than the telegraph. It is far more convenient to talk directly at home than to go to the telegraph company to send a telegram.

You want better service, upgrade to VIP. This is Franz’s idea, copied from the Big Penguin Empire. If you want to improve the quality of your calls, then go for kryptonite.

As long as the kryptonite can be changed to smooth, even if it’s a customized 24-hour personal line service. Private customized premium deluxe packages, unless it’s a special case, it’s a guaranteed connection for five minutes or something like that.

As for ordinary users complaining about the poor quality of service, then I can only apologize. In the era of artificial wiring, there is no way to talk about service quality.

Can’t blame the phone company for treating it differently, it’s just life. The telephone this kind of high product, simply not ordinary people can afford to use, even the vast majority of the middle class can not afford to use.

As the newspaper said, “To determine whether the other party has money, see whether he has a telephone at home.”

The richest people are all VIP users of the phone company, and as long as they have a phone, they are all middle class and up.

With an entry fee as high as five hundred Shenduan, and a monthly minimum phone bill of thirty Shenduan, all ordinary people were directly eliminated.

Don’t mind the price, because of the relationship of spreading the network in the whole country, actually the telephone company is still losing money to make money.

If it wasn’t for the sake of capturing the market, it was estimated that like many European countries, telephones were only exclusive to big cities.

The high fees are actually paying for the research and development and promotion of new technologies. The monopoly operation is both a compliment to the researchers and developers and a reality of helplessness.

No core technology, to pay royalties, infrastructure investment costs are too high, the prospect of profitability is not optimistic, so many unfavorable factors add up, it is simply not the average business can afford to play.

In the context of continuing to lose money, profitability is far from the foreseeable future, talk about anti-trust actually in the blind bullshit.

It’s easy to stand on the moral high ground and shoot your mouth off, but the problem is to solve the problem. It’s easy to break up a monopoly, but then what?

Enterprises can not see the prospect of profitability, no motivation, not in the research and development, promotion of new technologies, the consequences can be much more serious than monopoly.

Each era has its own characteristics, and the most suitable is the best. The so-called monopoly hinders the progress of science and technology, in fact, is also relative, before the monopoly also promote the progress of science and technology.

Of course, this is limited to science and technology. The premise is based on scientific and technological innovation, relying on more advanced technology to capture the market, and obtain a monopoly.

Even in later times, there are still a few monopoly groups, relying on technological advantage. There is no way, the peers do not give strength, and failed in the market competition.

You can’t just not want people to advance technologically for the sake of anti-monopoly, and stand still and wait for competitors to catch up.

The issue of side effects is not in Franz’s mind for now. You can’t stop eating just because you might choke to death.

These problems are better left for future generations to solve, now it is better to work hard to climb the technology tree and stand out in this most cruel era.

……

Finance Minister Karl: “Your Majesty, we are now in a period of rapid economic development, and a sudden contraction of the monetary fund will easily cause market turmoil.”

No wonder Karl was not worried, the government seldom intervened in the market during the free economy era, nor did it know how to intervene in the market.

Doing something that has never been done before and involves a great deal, normal people will have questions in their mind.

Franz shook his head, “There is no need to directly contract the silver root, we just need to standardize the approval and issuance of loans to protect the depositors’ money.”

The same thing, a different way of saying it, produce different results.

The government’s direct and brutal intervention, or mandatory ordering of banks to contract their monetary base, will surely be met with a strong backlash. If it intervenes in the name of regulating loan disbursement, the situation is different.

The latter is itself one of the government’s functions, and protecting the depositors’ financial security is another high-minded reason that no one can oppose.

While regulating loan disbursement, it is natural that some of the loans with incomplete formalities and falsified information will not be approved.

Usually these loans are also high-risk loans, to prevent the issuance of these loans, not only essentially shrinking the silver root, but also to protect the depositors’ financial security.

It is not obvious now, and when the crisis breaks out, every extra God’s Shield cash may be a life-saving straw for the bank.

Franz doesn’t want to see a massive bankruptcy of domestic banks, and then have the government forced to pick up the slack and run the treasury into debt.

Alex, Minister of Banking: ”Your Majesty, we still lack a legal basis for this, and the government has not clearly defined the scope of regulation for commercial loans.

If we intervene blindly without detailed criteria, it is easy for abuses to occur with dire consequences.”

Since the suppression of the March Revolution, the Austrian government has started the road of legal reform,**** will all be busy for thirty years, and still has not been able to completely refine.

A lot of problems are found over before patching. Franz are accustomed to tinkering, the construction of the legal system itself is in the continuous groping to improve, one step is simply not realistic.

“This issue, I will greet the Legislative Committee. You guys are responsible for cooperating, collecting more cases, and coming up with an implementation rule as soon as possible.

The imperfect parts will be slowly patched up later. When some loopholes are plugged, there will be fewer of them, and this is a long-term endeavor.”

……

(End of chapter)