Go back in time and be a chaebol

Chapter 238 To be rich, you must dare to spend money (Third update, please subscribe)

Obviously, nothing in this world is perfect.

The crows in Borneo may be a little darker. But this is based on high wages.

There is 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 saying, "A person who looks forward to a pension is the most responsible person and the easiest person to rule.", but more importantly... to retain people.

A pension that cannot be transferred back to the country will make the vast majority of employees willing to stay in Borneo, rather than thinking about earning money and returning to the country, using Borneo as a place to work and earn money.

Of course, they will still look forward to waiting to retire in the future and go home with their pension to take care of themselves. Li Yian will not object to this. After all, their youth and children stayed in Borneo at that time.

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.

Therefore, 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 with 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 may seem to reduce production costs, but In fact, it 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 people have money in their hands, but also to establish an environment where people can spend money with confidence and boldness. There is a social welfare security system, otherwise, even if the people have money, they will not dare to spend it.

And on the other hand, this policy is the only option to avoid hanging streetlights. 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 in Sandakan and opened an insurance company. The financial system is improving bit by bit.

But one problem has never been resolved.

money!

To be precise, currency.

Until now, Borneo has not had 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. 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."

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 definitely a financial Talent.

Maybe there is something wrong with Uncle Guo's character, but finance is indeed his strong point, and the people he recommends will certainly not be wrong.

"I really need to thank Germany very much."

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 are 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 the money is printed, there won't be any problem with your credit, right?"

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 the wages of the search team, and 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 500 million yuan of coins you brought back, wasn't it 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 US dollar banknote It is still very strong. In fact, most of the time, US dollar bills are basically not used, and coins are used in more situations.”

The coins Zhao Shijie mentioned were a batch of 50-cent, 20-cent, 10-cent, 5-cent and 1-cent coins made by Li Yian using the company's factory equipment in Italy. The coins are made of aluminum, copper and nickel, and are made of the same material as cents. It's similar, but the pattern has changed to a Chinese-style dragon.

The essence of making these coins is to consider that the currencies circulating in the markets of North Borneo and Sarawak are 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.

Immediately after the recapture of Borneo, coins began to be exchanged for coins. The new coins were equivalent to the US dollar. In the past few months, the issuance of coins has increased from 500 million yuan to 1000 million 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 Banknotes" must be freely convertible, so that anyone can exchange U.S. dollars in banks without hindrance."

Zhao Shijie called it "dragon sand" because the pattern on the banknote is a five-clawed dragon, which looks somewhat similar to the later millennium commemorative banknotes. In fact, the earliest pattern was drawn by Li Yi'an, which basically imitated the "thousand-year-old dragon". Jubilee Dragon Banknote".

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 nothing he can do about 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, RB directly set the currency value to 360 to 1!

As for South Korea, the same is pretty much the case.

"Let's do it step by step, first occupy the market and let our currency circulate. As for the currency value, we will consider it in the future! Besides, as long as our products are good enough, even if the currency value is higher, there is no need to 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)