Using generated data as a measurable source of generated labour = earned income = value:
To the one we face in the digitally-networked post-AI global society, where the forecast includes a 30% cut in jobs : creating permanently unemployed citizens : with all associated stigma and risk of loss of self-worth produced by the sweeping social change that this entails:
The concurrent consideration could be to change the Nature of Work (how we “earn”), where “using IoT to gather volunteerable data” shifts the value of Personal Capital, from:
(Mode A) Physical Labour (“capital”) = traded for earned Wages; and
(Mode B) Service Labour (“capital”) = traded for earned Fees; many professionals (lawyers, doctors, clergy, home care-givers) use Mode B.
(Mode C) Data-Creating Labour (“capital”) = trading for earned Value, and
(Mode D) Data-Creating Labour (“capital”) = trading for earned Net Tax Credit Compensation Value.
This fundamental data value re-think, coupled with changes to tax law, creates the possibility that growing segments of society will adopt “Mode C” and “Mode D”.