Letters in Economic Research Updates
Human Economic Value (HEV) and Jobket: Pioneering Economic Vitality and Ownership in the Employment Market
Abstract
Puyan Efatmanesh
This paper introduces and examines two pioneering concepts, Human Economic Value (HEV) and Jobket, which together propose a groundbreaking framework for economic transformation and social reorganization. HEV posits a model where individuals are allocated a lifetime economic value of $1 million, ensuring fundamental financial security through universal basic income, and covering essential needs such as housing, education, food, and healthcare. Jobket, a novel fusion of ‘job’ and ‘market,’ enables individuals to invest a portion of their HEV in employment, thereby transitioning from mere employees to active shareholders in their places of work. This integration not only promises a new level of commitment and engagement in the workforce but also allows individuals to build their net worth beyond the initial HEV, effectively transforming every citizen from a potential economic liability into a vital asset of the national economy. The paper aims to critically evaluate the synergistic potential of HEV and Jobket in revolutionizing employment, wealth distribution, and societal organization. It further explores the role of HEV in addressing poverty, fostering economic stability, and promoting societal progress, particularly through the mechanisms of universal basic income and incremental education incentives. Through this exploration, the paper seeks to offer a comprehensive analysis of how HEV and Jobket can collaboratively pave the way for a more equitable, prosperous, and resilient society.