The birth of the Industrial Revolution did not yield immediate wealth. If anything, it caused several decades of turmoil, much like digitalisation and globalisation are doing to jobs today. Historians call this Engels’ Pause, a moment in time when advanced technological changes greatly reduce incomes. Noting that "mainstream policies in Western societies are based on the operating models of the industrial age," this article on SITRI argues in favour for new policies for the digital era, and how "digitalisation opens new opportunities for everyone to produce value and make a living."
Economies all over the world are in the midst of many great changes and uncertainty.
Most importantly, digitalisation, globalisation and an ageing population will break the traditional connection between growth, productivity and well-being in an unforeseen manner. Political leaders all over the world struggle to grow the economy, increase exports and create new jobs. A higher employment rate in paid employment is a generally accepted goal. In 2017, politics is still founded on the idea that increasing labour in the market results in growth.
In this paper we argue differently. Digitalisation, globalisation and ageing seem to be breaking the connection between growth and well-being.
This article was triggered by the contemporary experiences of the authors. We were tired of hearing economists talk about how necessary growth and productivity are for well-being. We don’t believe in this story any more.
|Tiny 'nuclear batteries' unveiled|
|China Cloning 500 Pigs a Year|
|When the Wrong Hastag Can Get You Killed by an Assassination Drone|
|The Thankless Job of World Domination|
|Fake Name Generator|
|“Research that could engineer dinosaurs back into existence within the next five to 10 years.”|
|“A man-powered machine that creates scarfs in 5 minutes.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“Are the puppets coming for our jobs?”|
|Google Map Shows You the Most Photographed Areas of the World|
|How to Avoid Jury Duty|
|The (Very Scary) People of Public Transit|
|“The only thing worse than assuming that carbon removal will save the day is assuming it will save the day.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|What Computers See When They Watch a Movie|
|“A machine meant to hurl rockets into space.”|