Chapter 239: You must be rich, and you must dare to spend money (Third update, please subscribe)
Obviously, there is never a perfect place in this world.
The crows in Borneo may be a little darker. But this is based on high wages.
No way, in order to attract immigrants, it is necessary to provide high wages.
Why from the 19th century until before the Anti-Japanese War, millions of compatriots went to Southeast Asia to survive? Isn’t it because the wages here are high?
But unlike other parts of Southeast Asia, Borneo not only needs to pay high wages, but also needs to pay pension funds. As early as the arrival of the first search team in North Africa, Li Yi'an drew on the pension insurance system of later generations and established a corresponding pension insurance system. Under the "Pension Provident Fund System", each employee pays 5% of the salary as a pension provident fund, while the company pays 10% of the employee's salary.
According to Li Yian's idea, in Borneo in the future, even those who are self-employed will have to pay pension insurance based on the basic value. It is necessary to establish a pension insurance system that covers everyone.
The reason why a pension fund system should be established is not just because of Bismarck’s sentence, “A person who looks forward to a pension is the most dutiful person and the easiest person to rule.”, but more importantly, it is ...to keep people.
A pension that cannot be transferred back to the country will make the vast majority of employees willing to stay in Borneo, instead of thinking about making money and returning to the country, using Borneo as a place to work and make money.
Of course, they will also look forward to returning home with their pensions when they retire in the future. Li Yian will not object to this. After all, their youth and children will be left behind at that time. In Borneo.
Therefore, in order to retain these domestic workers and turn them from workers into immigrants, it is necessary to establish a fully covered pension insurance system, and even a basic medical security system and various other social welfare security systems.
So when others come to invest in Borneo, they must accept this regardless of whether they adapt to it or not. If they cannot accept it, they can go elsewhere.
Compared to sacrificing the interests of workers for the investment of others, this extremely short-sighted thing is something Li Yian will never do. After all, he is well aware of the dangers of low wages and low benefits. This seems to be It can reduce production costs, but it actually overdraws a country's development potential. After all, a country's development depends on mass consumption, not the luxurious consumption of a few rich people.
The future of Borneo will not only rely on export trade, but also rely more on internal consumption. The prerequisite for consumption is not only to make the people have money, but also to establish an environment where people can have money. A social welfare security system that allows people to spend money confidently and boldly. Otherwise, people would not dare to spend money even if they have money.
And on the other hand, this policy is the only option to avoid hanging street lights. As a capitalist whose qualifications are the direction of development. Li Yian still cherishes himself very much.
Perhaps those people are not aware of this now, but Li Yi'an believes that in a few years at most, they will realize that Borneo has the best investment environment in Asia. After all, he has been committed to improving the investment environment in Borneo. From hardware to software, we are constantly improving.
However, if you want to develop the economy, it is not enough to just have industry. You also need a modern financial industry. Although when it arrived in Borneo, the Eurasian Development Bank also followed suit in Sandakan and opened a insurance company. The financial system is improving bit by bit.
But there is one problem that has not been solved.
Money!
To be precise, currency.
Until now, Borneo does not have its own currency. Whether it is North Borneo or Sarawak, the banknotes in circulation are the Malayan dollars of the Straits Settlements. As for the auxiliary coins, they are copper coins issued by the two places. North Borneo even has Silver quarters were issued, but only once.
Because the currency issue is related to the financial and social stability of Borneo, he has always been very cautious when it comes to issuing currency, but the currency issue has to be solved, and it is not until now that the problem has been truly solved.
“Is this our banknote?”
Looking at the beautifully printed banknote in his hand, Li Yian asked.
“Did we print it ourselves?”
"Yes, Sir Li, we hired the plate-making technicians from Germany, and even the banknote printing machines were moved from the German banknote printing factory. In terms of anti-counterfeiting technology, our banknotes are no worse than the Reichsmark."
< br>As the head of Borneo's financial system, Zhao Shijie is not a close confidant of Li Yi'an, but a banker recommended by Uncle Guo. Although he is not reused in the country due to his personality and other reasons, according to Uncle Guo, he is absolutely He is a financial talent.
Perhaps Uncle Guo has a problem with his character, but finance is indeed his strong point, and the people he recommends will certainly not be wrong.
“I really have to thank Germany.”
Once again, Li Yian couldn’t help but express his gratitude deeply, sincerely.
At the same time, I also deeply felt the principle of "everything rises when a whale falls". After the collapse of the Third Reich, just a little bit of residue was enough to eat Borneo to death. From factories to technology, from scientists to engineers, almost all come from Germany.
If you don’t thank Germany, you are still a human being!
Thank you, thank you. Real problems cannot be avoided.
“Now that money is printed, there won’t be any problem with credit!”
The reason why Li Yian asked this was because he knew that the most important thing about currency is not whether it is exquisite, but its credibility. For Borneo, the difficulty may even be greater. After all, the company has always used It is the U.S. dollar, so the currency it issues is to replace the U.S. dollar in the market.
Why does the company issue US dollars?
Isn’t it because at the beginning, Americans paid for the search team’s wages? It has become a common practice here. Moreover, when recruiting workers domestically, it is more convincing to use US dollars.
It is not easy to replace the US dollar now.
“It’s not difficult, Chief Li. Our currency and credit have been established a long time ago.”
Zhao Shijie said with a smile.
“When you came back from North Africa, the 5 million yuan coins you brought back, weren’t they the credit of the dollar? Compared with US dollar banknotes, our coins are still the most circulated in the market. After all, , the purchasing power of one dollar banknote is still very strong. In fact, most of the time, US dollar banknotes are basically not used, and coins are used more often.”
The coins that Zhao Shijie mentioned were the companies Li Yian used. A batch of 50-cent, 20-cent, 10-cent, 5-cent, and 1-cent coins are manufactured in Italian factory equipment. The coins are made of aluminum, copper and nickel. The materials are similar to the cents, but the pattern becomes Chinese. The style of Panlong.
The essence of making these coins is to consider that the currency circulating in the markets of North Borneo and Sarawak is mainly coins, and those coins are benchmarked against the Malaysian dollar. Because the salaries of officers and soldiers are paid in US dollars, this brings about exchange rate issues, so in order to facilitate the officers and soldiers' shopping, of course, in order to control the financial market.
As soon as Borneo was recovered, coins were exchanged for coins. The new coins were equivalent to the US dollar. In the past few months, the issuance of coins has increased from 5 million yuan to 10 million yuan. Yuan.
"Whether it's the market or the officers and soldiers, they have long been accustomed to using "dragon money" for shopping. Now we are just issuing "dragon banknotes" to replace the US dollars in the market step by step. That's fine, of course. Our "Dragon Banknote" must be freely convertible, and anyone can exchange U.S. dollars in the bank without hindrance."
Zhao Shijie called it "Dragon Sand" because the pattern on the banknote is a five-claw. The Panlong looks somewhat similar to the Millennium Notes of later generations. In fact, the earliest drawing was drawn by Li Yi'an, which basically imitated the "Millennium Dragon Notes".
As for the back, it is a bit different. Most of them are New Year pictures of many children and many blessings, which looks very festive. This is an adjustment made by Li Yi'an in order to establish a correct view of fertility - conveying the view of having more children through money.
“Now, the biggest problem with our currency is that the currency value is too high, which will definitely have a certain impact on our future exports. After all, a lower currency value is more conducive to exports.”
As a financial expert, Zhao Shijie certainly understands the disadvantages of high currency value, but there is no way around it. After all, those coins are equivalent to cents, and banknotes can only be equivalent.
Nothing is perfect in this world. In another world, almost all countries will deliberately lower their exchange rates in order to export. For example, China spent ten years lowering the exchange rate from 2 yuan to one dollar. To more than 8 yuan, it is said to be a return to the actual currency value, but in fact it is to increase exports.
In order to stimulate exports after the war, Japan directly set the currency value to 360 to 1!
As for South Korea, it’s almost the same.
“Let’s do it step by step, occupy the market first, and let our currency circulate. As for the issue of currency value, we will consider it in the future! Moreover, as long as our products are good enough, even if the currency value is higher, Don’t worry about sales.”
Li Yian said directly.
"Right now, the most important thing is to let our currency circulate and let the market accept our banknotes!"
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(End of this chapter)