Across the globe, not all employees are equal. Within and across the countries, deep divides continue to add to the frustrations of people, despite flourishing economic growth and widespread advances in living conditions.
Unfortunately, growing inequality and frustrations are even felt by citizens in some of the world’s richest countries. Peoples’ chances to earn a decent living continue to depend on their ethnicity, race, gender, and other socioeconomic circumstances.
How does the world continue being unequal?
Governments are supposed to protect the vulnerable by harnessing pressing issues like urbanization, climate change, migration, and the growth of technology to create sustainable societies. However, most prefer adhering to outdated policies that leave most people feeling insecure and divided.
In many countries, high skilled workers are the ones mostly profiting from revolutionary technologies. The gains from these technologies are sometimes only captured by a small number of individuals or companies.
Even though joblessness is often associated with technologies like automation, it is mostly due to the inability of lower and middle-class workers to access training opportunities allowing them to access better work opportunities.
Globalization has made it easier for people to seek job opportunities around the globe. These opportunities are mostly available to those with technical skills and high-level positions within conglomerates. It has become extremely expensive for companies and employees to make international salary transfers.
However, migrant workers are also part of the global economy. They play an important role in the economy of the countries they are moving to, but also help support their families back home. Many of these are undocumented for several years, and the banking system doesn’t allow undocumented migrants access to a bank account.
Interestingly, taxes have not kept the same concept of globalization; differences in taxation are huge. In developing countries, taxation is often very low when compared to that of developed countries. Higher tax rates do not necessarily result in more revenues for countries, and the higher the burden, the more citizens seek ways to minimize it.
Multinationals also try to minimize their income tax liability, often causing friction between their market and resident countries. Even though developing countries rely on these taxes for development, foreign investors are prone to move on if they feel they are taxed too heavily.
Bypassing outdated systems
Jobchain®, the corporation that developed the first employment platform that pays in cryptocurrencies, allows job seekers to bypass slow and outdated systems to participate in the global economy. Companies and professionals can connect globally, and employees are paid in cryptocurrencies.
The pros of receiving their salaries in cryptocurrencies include zero transfer charges and the easy management of funds without ever needing a bank account. Employees receive their salaries instantly because they don’t need to rely on banking hours. JOB is a cryptocurrency that continues to increase in value, so salaries are not reliant on the volatility of traditional currencies.
Furthermore, Jobchain takes advantage of advanced blockchain technology allowing guaranteed payments through smart contracts which reduce the intervention of third parties. Work experience can be stored on the platform, and both employers and employees can be ranked.
Idea behind Jobchain
The vision of the company, according to its founder José Bay, is to provide a sustainable platform that uses blockchain and digital technology to uplift working citizens. “Many people aren’t aware that nearly 1.7 billion people globally have no access to bank accounts or social security,” said Bay. “Our platform allows them to find jobs, earn cryptocurrencies, and secure their future.”
While working for the International Atomic Agency, José Bay, the Spanish-born businessman, traveled the world extensively. His business idea was inspired by the needs of millions to feed their families. He decided to take the plunge and leave the security of his job.
Even though he didn’t initially encounter much support, he self-funded his idea and persisted. Doors soon started opening.
Today, the company rejoices from the successful launch of JOB, Jobchain’s digital currency. Jobchain recently revealed that JOB was the cryptocurrency with the largest increase in 2020. The platform won the International Blockchain Contest in Romania and has been selected to list with LA Token.
Late in March, Jobchain listed with Bittrex, one of the top cryptocurrency exchanges in the world. It is available with Bitsa and Bitnovo, a type of prepaid Visa, and JOB tokens are accepted worldwide.
Considered one of the most significant blockchain influencers in Spain, José Bay is a man of deep values and believes in giving back. Bosting global employment is his dream, something that is becoming a reality for millions.
