Ryan Avent in the Guardian asks how we might live with purpose and identity in a post work future where robots do many of our jobs.
Perhaps part of the answer might be in timebanking, and the ideas of Edgar Cahn. By using the common currency of an hour, timebanking not only creates a system for sharing and exchanging resources without the need for money, but enables everyone to be (and feel) valued for the contribution they can make to society.
Work is not just a means for distributing purchasing power. It is also among the most important sources of identity and purpose in individuals’ lives. If the role of work in society is to shrink, other sources of purpose and identity will need to grow. Some people will manage to find these things for themselves: pursuing passions too uneconomic to live on or engaging in voluntarism, just as many retirees find satisfying ways to fill their days. But others will find themselves at a loss.