Final Conclusions

Abstract

This chapter presents conclusions of the book in a concise form. Although precise forecasting is impossible, an approximate forecasting is necessary. The end of work will occur, if the slogan of elastic labour market will be uphold, resulting in a continued positive feedback in the mechanism of capital replacing labour. We are already observing a global megatrend of minimization of the cost of work; next three waves of informational revolution will accelerate this megatrend. In order to counteract the end of work, we need a negative feedback stabilizing the effects of the positive ones. Such a feedback might be achieved by a degressive taxation of the incomes of enterprises, decreasing with the increased ratio of labour salaries in the income. This might be an essential reform of capitalism, but it has twofold advantage. It provides for creation of new professions and new working places together with stimulating mass demand that is a foundation of the capitalist system. Moreover, it provides for a sustainable redistribution system. However, such a reform requires an international agreement which will probably take much time.