Labour, Employment and Property in the Post Industrial Economy of the European Union

Alberto Majocchi
April 2021

The paper starts from the post-war economy, characterised by Keynesian policies of demand support, welfare system and multilateralism. In the economy of technological revolution and globalisation, it is necessary to find new reference points and tools. Work and employment are now based on knowledge and innovation; at the same time, the technological revolution requires transformation of the time and characteristics of work. Opportunities are opening up for a labour of civil commitment and a labour army, intended for social purposes and with the perspective of attaining full employment. The carbon dividend linked to the goal of climate neutrality can create resources for a European citizenship income for the weakest section of the population. The technological revolution has also enabled a change in the nature of ownership, with a collaboration between financial and human capital. It has also opened up innovative possibilities for the production of public goods and the creation of public assets. These objectives can be pursued by building a federal Europe, a potential model for the world as a society of civil rights, based on social responsibility, environmental protection and – through major investments in education – equal opportunities for all its citizens.

Keywords: carbon dividend, labour, employment, property, citizenship income, technological revolution.

Alberto Majocchi is Emeritus Professor of Public Finance, University of Pavia, and Vice-President of the Centro Studi sul Federalismo, Turin

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