Final Conclusions

Andrzej Piotr Wierzbicki ()
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Andrzej Piotr Wierzbicki: National Institute of Telecommunication

Chapter Chapter 9 in The Future of Work in Information Society, 2016, pp 67-69 from Springer

Abstract: Abstract This chapter presents conclusions of the book in a concise form. Although precise forecasting is impossible, an approximate forecasting is necessary. The end of work will occur, if the slogan of elastic labour marketElastic labour market will be uphold, resulting in a continued positive feedback in the mechanism of capital replacing labour. We are already observing a global megatrend of minimization of the cost of work; next three waves of informational revolutionInformational revolution will accelerate this megatrend. In order to counteract the end of work, we need a negative feedback stabilizing the effects of the positive ones. Such a feedback might be achieved by a degressive taxation of the incomes of enterprises, decreasing with the increased ratio of labour salaries in the income. This might be an essential reform of capitalism, but it has twofold advantage. It provides for creation of new professions and new working places together with stimulating mass demand that is a foundation of the capitalist system. Moreover, it provides for a sustainable redistribution system. However, such a reform requires an international agreement which will probably take much time.

Keywords: End of work—inevitable or not?; Dangers of elastic labour market; Megatrend of minimizing cost of work; Degressive CIT; Creating new professions and working places; Stimulating mass demand; Sustainable redistribution system (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-33909-2_9

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