Three Big Ideas for a Future of Less Work and a Three-Dimensional Alternative
Summary
It is evident throughout history of capitalism advancement of technology has a deep impact on
replacing the human labours. It is necessary to devise a strategy which will benefit both the creators or owners of technology and labour market. There should be a big idea to maintain an equilibrium of fastening economy and three-dimensional labour-oriented interests like job generation, income stability and leisure. The concept of universal basic income (UBI) and federal job guarantee (FJG) strategies might be decisive in job creation and job guarantee to balance the socio-economic differences by public investments to develop infrastructure facilities, promoting social and welfare services, decreasing the working hours which helps in work-life balance. These strategies might bring in the paradigm shift to encourage for working population to support to increase the standard of living and second by creating work friendly environment by realigning the working hours and benefitting the automated companies to increase the shareholders wealth.
Bibliography Eastlund, C., 2019. . Law and Contemporary Problems, 82(3), p. 43.