Tag Archives: tax

The Future of Productivity and Culture

Productivity will continue to increase – and at an increasing rate. This trend inevitably leads us to the average person only working a small amount to support their basic needs. While this will be true on average, in reality we will most likely see a few individuals working very productively and supporting the needs of growing groups of underemployed people.

Social safety nets will become easier to support (assuming that the standard of social safety does not increase faster than the improvements in productivity). Vast portions of the population will stop working. Cultural differences will become pronounced as individuals and groups ‘specialize’ in non-work activities. Quality and breadth of entertainment, interpersonal interaction, and self-expression will greatly improve.

There will be a growing conflict between the highly productive individuals and companies and the large numbers of people who are underemployed. Managing this conflict will be a major political task.