That's more than a wee bit different than the parent's scenario.
It's about interaction with the formal economy. Making a complicated camera or the social network to share its photos might not be necessary for survival, but it is the result of a series of conscious economic decisions to satisfy some human desires by all parties involved.
Unemployment simply means someone providing nothing in that sphere.
Interestingly, it's happening even now. Much of the apparent decline in unemployment seems to be coming from people dropping outside of the workforce permanently, not people having their desire to participate in the economy satisfied. What happens if/when this trend continues to 60%? 50%? 40%?
My ideal solution would be a basic income guarantee and a cultural acceptance of people working only in the gray or uncompensated sectors, but we'll see if the political impetus for that ever occurs.
Edited to add: well, apparently author leads up to the same suggested solution I do. A thousand jackass points for me =)
It's about interaction with the formal economy. Making a complicated camera or the social network to share its photos might not be necessary for survival, but it is the result of a series of conscious economic decisions to satisfy some human desires by all parties involved.
Unemployment simply means someone providing nothing in that sphere.
Interestingly, it's happening even now. Much of the apparent decline in unemployment seems to be coming from people dropping outside of the workforce permanently, not people having their desire to participate in the economy satisfied. What happens if/when this trend continues to 60%? 50%? 40%?
My ideal solution would be a basic income guarantee and a cultural acceptance of people working only in the gray or uncompensated sectors, but we'll see if the political impetus for that ever occurs.
Edited to add: well, apparently author leads up to the same suggested solution I do. A thousand jackass points for me =)