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(G) efficiently |
| (B) Even so |
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(H) As a result |
| (C) worth |
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(I) contribute |
| (D) equally |
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(J) encourages |
| (E) informs |
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(K) by means of |
| (F) due to |
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(L) trustworthy |
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Time is Money
The time-based currency offers a fairer solution to work.
Everyone's life is precious, so
why do some people—doctors, managers, or CEOs —
get
so much more money for their time than other people like teachers, cleaners, and
garbage men? Most people say it is ___1___ their special skills and education, but
others believe this system is flawed.
They believe that everyone's time is ___2___ important, and to reflect that,
they have established a
different payment system :
the time-based currency.
This payment system begins with the idea that one person's time is ___3___ as
much as another person's time. Every hour of work earns one time dollar, which
can be exchanged for
another time dollar from someone else. ___4___ , everyone's time has exactly the
same value. In the real-world economy, a gardener may
have to work for three hours to be able to ___5___ a tutor.
Using a time-based currency, they simply trade an
hour for an
hour.
This system allows people to exchange services ___6___ , and offers incentives to
help each other when one isn't so busy, in
return for help when they are.
Importantly, a time-based currency ___7___ people to do community work such as
childcare, which is usually poorly paid
or unpaid. Because
of this, and because most schemes are
localized,
time banks introduce people to each
other, as well as build and support communities.
Of course, there are problems. Actually keeping the
bank's records takes
time and needs someone ___8___ . Also, there is little incentive for well-paid
workers such as dentists to ___9___ to the scheme, so
professional services
are not always available.
___10___ , the idea is
gaining
in popularity, and there are now over 50
registered time
banks in the US, and more worldwide. With
time, this currency that treats everyone as an equal will reach more
people.
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Sponsored Links
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Answers 1(F)
2(D) 3(C) 4(H) 5(A)
6(G) 7(J) 8(L) 9(I)
10(B) |
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Time is Money
The time-based currency offers a fairer solution to work.
Everyone's life is precious, so
why do some people—doctors, managers, or CEOs —
get
so much more money for their time than other people like teachers, cleaners, and
garbage men? Most people say it is due to their special skills and education, but
others believe this system is flawed.
They believe that everyone's time is equally important, and to reflect that,
they have established a
different payment system :
the time-based currency.
This payment system begins with the idea that one person's time is
worth as
much as another person's time. Every hour of work earns one time dollar, which
can be exchanged for
another time dollar from someone else. As a result, everyone's time has exactly the
same value. In the real-world economy, a gardener may
have to work for three hours to be able to afford a tutor.
Using a time-based currency, they simply trade an
hour for an
hour.
This system allows people to exchange services
efficiently, and offers incentives to
help each other when one isn't so busy, in
return for help when they are.
Importantly, a time-based currency encourages people to do community work such as
childcare, which is usually poorly paid
or unpaid. Because
of this, and because most schemes are
localized,
time banks introduce people to each
other, as well as build and support communities.
Of course, there are problems. Actually keeping the
bank's records takes
time and needs someone trustworthy. Also, there is little incentive for well-paid
workers such as dentists to contribute to the scheme, so
professional services
are not always available.
Even so, the idea is
gaining
in popularity, and there are now over 50
registered time
banks in the US, and more worldwide. With
time, this currency that treats everyone as an equal will reach more
people.
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