Part 10/15:
- Residual Wages & High-Value Jobs: Certain professions—healthcare, education, statutory roles—are harder to automate and will likely persist, but their share of household income will decline without scaled policy interventions.
Shapiro underscores the importance of property rights, democratic rights, and potential new rights (such as algorithmic or data rights) as pillars that can supplement declining labor rights, maintaining societal stability.
Practical Strategies and Policy Proposals
Given the accelerating pace of change, societal stakeholders—from policymakers to industry leaders—must act swiftly. Key proposals include:
- Measurement & Data: Using existing datasets on income sources (wages, property, transfers) to inform strategies.