Artificial Intelligence Masterclass
Post-Labor Economics Lecture 03 - "That which gets measured gets managed!" (2025 update) | Artificial Intelligence Masterclass
May 21, 2025
Discover the intriguing dynamics of post-labor economies where advanced metrics redefine success. Explore the Economic Agency Index and its role in measuring household buying power amidst increasing automation. Dive into the importance of local economic control and community-driven initiatives like cooperatives to combat techno-feudalism. Reflect on the challenges of job guarantees in an automated world and the ideological contrasts shaping the future of work, all while emphasizing the need for tailored economic models.
45:35
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Quick takeaways
- The podcast emphasizes the importance of evolving Key Performance Indicators (KPIs) to better reflect economic health as automation reshapes the job market.
- A new Economic Agency Index (EAI) is proposed to assess household buying power by incorporating property income, emphasizing the need for diversified income sources in post-labor economies.
Deep dives
The Importance of Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) play a crucial role in measuring and managing economic performance, particularly in analyzing large-scale systems like national economies. Traditional metrics such as GDP and unemployment provide a broad overview but often obscure the finer details of economic health. Emphasizing a focus on demand resilience rather than just raw production is essential; as the landscape evolves, new KPIs must emerge to reflect shifts caused by automation. This shift underscores the need for comprehensive measurement systems that accurately track economic stability and individual household performance beyond simplistic metrics.
