Despite impressive progress in robotics and machine intelligence, those of us alive today can expect to keep on labouring until retirement. But while Star Trek-style replicators and robot nannies remain generations away, the digital revolution is nonetheless beginning to wreak havoc. Economists and politicians have puzzled over the struggles workers have experienced in recent decades: the pitiful rate of growth in wages, rising inequality, and the growing flow of national income to profits and rents rather than pay cheques. The primary culprit is technology. The digital revolution has helped supercharge globalisation, automated routine jobs, and allowed small teams of highly skilled workers to manage tasks that once required scores of people. The result has been a glut of labour that economies have struggled to digest.
Labour markets have coped the only way they are able: workers needing jobs have little option but to accept dismally low wages. Bosses shrug and use people to do jobs that could, if necessary, be done by machines. Big retailers and delivery firms feel less pressure to turn their warehouses over to robots when there are long queues of people willing to move boxes around for low pay. Law offices put off plans to invest in sophisticated document scanning and analysis technology because legal assistants are a dime a dozen. People continue to staff checkout counters when machines would often, if not always, be just as good. Ironically, the first symptoms of a dawning era of technological abundance are to be found in the growth of low-wage, low-productivity employment. And this mess starts to reveal just how tricky the construction of a workless world will be. The most difficult challenge posed by an economic revolution is not how to come up with the magical new technologies in the first place; it is how to reshape society so that the technologies can be put to good use while also keeping the great mass of workers satisfied with their lot in life. So far, we are failing. (((
Preparing for a world without work means grappling with the roles work plays in society, and finding potential substitutes. First and foremost, we rely on work to distribute purchasing power: to give us the dough to buy our bread. Eventually, in our distant Star Trek future, we might get rid of money and prices altogether, as soaring productivity allows society to provide people with all they need at near-zero cost.
For a good while longer, wages will continue to be the main way people come by money, and prices will be needed to ration access to scarce goods and services. But in the absence of any broader social change, pushing people out of work will simply redirect the flow of income from workers to firm-owners: the rich will get richer. Freeing people from work without social collapse will therefore require society to find ways other than pay for labour to channel money to those not on the job. People might come to receive more of their income in the form of state-led redistribution: through the payment of a basic income, for instance, or direct public provision of services such as education, healthcare and housing. Or, perhaps, everyone could be given a capital allotment at birth.
These sorts of arrangements don’t magically materialise as machines become more powerful. They must be brought into existence through political action….
