James Fulton
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- Goldman Sachs21 min
Daniel Susskind, Author of "A World Without Work"
Economist Daniel Susskind argues that the 21st century faces a crisis of scarcity for well-paid work driven by technology rather than a lack of tasks, creating distinct challenges in inequality, concentrated power, and the erosion of meaning derived from employment. While dismissing Malthusian pessimism, Susskind predicts that technological expansion will eventually double global GDP per capita within decades, prompting a necessary policy shift from traditional labor market regulation to "leisure policies" and the rapid adoption of Universal Basic Income to address the immediate collapse in demand exacerbated by the pandemic. To navigate this transition, he advises young professionals to either cultivate non-routine interpersonal skills that resist automation or acquire technical expertise to design automated systems, warning that current educational models remain dangerously misaligned with future economic realities.