Labor, bioeconomy, and presence of income

By treating labor like any other tradable good, orthodox economic models ignore various features that define the specificity of the labor market (disponibility, solvability, alienation). Taking into account such features, as the new situation generated by the emergence of cognitive capitalism forces us to do, requires a major change in paradigm. In the new «bio- economic» paradigm, classical distinctions between production and reproduction, consumption and production, leisure and work tend to vanish, while labor increasingly appears as a common good. The most important input being life itself, a just retribution of productive forces must now include a retribution for living, i.e., a universal, unconditional and guaranteed basic income. © Association Multitudes.