Friday, July 11, 2008

changing our money system

as people get old, they start to lose their eye sight. It will be hard for them to know the money that they have. Some of them must resort to glasses as their only window to the world. Not having these, and not being able to know how much money they have, is like a sighted person when he or she is in the dark trying to go somewhere. At that point, they are sad and angry because they cannot enjoy the things that others are doing.
Because of this, I believe that it is necessary to change our antiquated money system. Furthermore, I think that this would be a good solution to prevent job outsourcing from the US. According to cfr.org, by the year 2015, 473,000 jobs in the information technology industry will be off-shored. As we all know, getting a steady job is difficult enough. Now, imagine being blind and trying to get a job.
I believe that blind people would be able to benefit from inclusion in the work field because it would allow them to live more independently. On the same token, they would be able to manage their money more efficiently, and it would prevent people stealing or cheating from them. Also, people suffering from lack of sight would be working towards becoming productive citizens. According to an article, titled, "Blind Applicants Confront A Harsh Job Market," which was published on November 22 2007 in the Boston Globe, 70 percent of blind people are unemployed. If we compare this number to the 40 percent of sighted people who are unemploied, this would and should be able to tell us something. Changing the money would create more jobs and boost our sluggish economy.
According to a story titled,”Treasury Ordered to Make U.S. Bills Blind Friendly,” which was on NPR on November 29 2006, Judge James Robertson said, “only the United States prints bills that are identical in size and color in all their denominations. Every other issuer includes at least some features that help the visually impaired." Lets not forget that some of these countries such as Argentina, are not economically developed as the US. Despite this, The US government does not want to do this because it will cost at the most, an estimated 178 million Dollars for new printing presses and as much as 50 million Dollars for new plates; according to an article By EDMUND L. ANDREWS, published November 29 in the New York Times. If the one dollar bill was left as it is now, the government would not have to spend more than they have to. Also, blind people will have a better opportunity to spend money, which is just what our President is asking for as a way to contribute to economic growth.
If we could accommodate the blind, many jobs would not have to go to other countries and services wouldn't have to be cut as much as they are being cut now.
One way to update our currently outdated paper money system would be to put A tactile symbol. Another way would be to put a symbol that could not be removed such as a strip of metal shaped into the dollar amount. For example, if it was a twenty dollar bill, there would be the number 20 engraved into the bill.
If you want the economy to continue it's slow descent into one of the lowest in the industrialized world, don't change anything. However, if you want our parents and grandparents to have a nice life after they retire, and if we want our economy to shake out of this recession, so we, as well as our children, could have a better tomorrow, we should make changes to our monetary system.

Otterman, Sharon. “TRADE: Outsourcing Jobs.” 20 February. 2004. Council on Foreign Relations. 9 March 2006 .
Coombs, Christie. “Blind Applicants Confront A Harsh Job Market.” 22, November 2007.The Boston Globe. 9, March 2006. < Http:www.boston.com/news/local/massachusetts/articles/2007/11/22/blind_applicants_confront_a_harsh_job_market>
Kramer, Joy Melody. “Treasury Ordered to Make U.S. Bills Blind-Friendly.” All Things Considered. NPR. KCRW, Santamonica. 29 November. 2006

1 comment:

Anonymous said...

Good post. I agree with you 100 percent and I believe the government should take more consideration for the blind people. It makes so much sense to change the currency because it will only help boost the economy and at the same time the government will be helping the blind too; its a win win situation.