Part 3/14:
The speaker advocates that for a post-labor economy, metrics should emphasize demand resilience, capturing how demand is sustained through property, ownership, and asset income, rather than solely through wages and employment levels.
Introducing the Economic Agency Index (EAI)
A central proposal is the development of the Economic Agency Index (EAI)—a measure designed to gauge household buying power rooted in ownership, going beyond wages to focus on income streams from property holdings like dividends, rents, interest, and capital gains.
Components of EAI:
Property share income: Returns from ownership (dividends, rent, interest, capital gains)
Wages: Earned income, which is natural but less reliable in automation