He termed it man-hour-per-kg in contrast to a more typical $/kg cost-centric measure. In The Performance Economy, Walter Stahel introduced the concept of measuring the value of products by their labor input. Revaluing productive labor would also help address these structural inequalities. Stagnant or shrinking economies put a premium on accumulated wealth and allow inequalities to carry on undisturbed. In low-growth scenarios however the opposite is true. Through inflation, taxation and generational fragmentation, the power wielded by the super-rich in the medium term is balanced by a fast growing economy or a fast growing population. In high-growth populations and high-growth economies, the importance of accumulated wealth is gradually eroded. In discussing the aspects of urban labor it is important to address the inequality conundrums that arise. The share of national income paid to workers has been declining in many countries. Repair and maintenance of existing products is an important pillar of the future: the increased direct cost more than makes up for negative externalities of constant product replacement. The future of labor should be represented by an educated, fulfilled and well-paid working force. Automation alters the character of work, changing not just the skills but also the attitudes and roles of workers in the process of production. The Taylorist paradigm cannot work in this new context. While the manufacturing economy provided a stable route to the middle class, the current services economy is sharply fractured between low-paid service workers and the high-paid creative class. The impact to the typologies of work in the labor market have been difficult and have had serious consequences to social and economic inequality. The global economy has been shifting away from manufacturing and towards services for the past thirty years. In our mobile and interconnected world that paradigm has changed. International companies are addressing various niches Netherlands based provides an on-demand service model for coffee-makers, dishwashers, washing machines and even mattresses.ĭuring the strong growth of the 1990s there was a shortage of low-skilled labor that made even fast-food restaurants pay signing bonuses. Some countries have moved beyond the easy pickings of the service economy with Uber and AirBnB being the brand names of the first decade of the on-demand economy.
This means that typically companies that sell consumer products will organize iterations around ( planned ) obsolescence in generating demand for future products. In order to keep growing the company needs to keep selling. If, on the other hand a company is in the business of selling products, it’s incentives are realigned. In simple terms - if the company owns the product, it has strong incentives to make it work better and for longer. Continuity of ownership incentivizes companies to design reliable and repairable products which maintain their value for longer than consumer products. The transition from ownership-based products to on-demand services is a trend that seems to be growing.
This issue on the future of work is 700 words long and it takes ~2.5 minutes to read.
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