4. New Mechanisms for Financial Security: If full employment is unrealistic for most countries, we need new mechanisms that replace what the JOB provided, e.g. financial security, meaning, and purpose. During COVID-19, mass payments were made to families, hinting at the potential for a universal basic income or similar systems. With less income from jobs, last week we shared the latest research on Universal Basic Income. (You can still vote on whether you think it is a good idea). We might also need Universal Basic Services too, with states providing more diverse public services.
5. More Support for Entrepreneurialism: Lifelong Learning Budgets, Universal Basic Income and Services all cost public money, where will this come from? Well these smaller organisations making more profits with less people will be asked to pay more taxes, that’s a given. With less formal jobs and less interest in having a boss and working in an office 5 days a week. More people will develop their side hustle, start businesses and find other ways to pay the bills. This has become easier with Digital Platforms. We have groups of Solopreneurs using Shopify or Etsy, or Playbourers (play and labour) making a living entertaining or providing insights.