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About Us   ⇒   News   ⇒   2023   ⇒   1   ⇒   17
Break the rules like an artist
Jan
17
2023
|
Welcome to the future from Foresight Friday

 

 
“Learn the rules like a pro, so you can break them like an artist.”
– Pablo Picasso
 
Foresight Friday
Following trends that are shaping potential futures
 
Good day,
 
Welcome to the future... the year is now 2023.
 
For my work and for the Institute for Economic Evolution, this promises to be an active year based on what's coming in the first few months. On February 6th, I will be presenting to the Economic Club of Tampa and on March 15th, participating in a Human Resources Tampa panel discussion about the future of work. Additionally, I will have an article published later this month in Compass magazine for the Association of Professional Futurists, and my pre-print article making a case for design and speculative economics continues to generate interest during the peer review process. In late March I will be headed to the Creativity, Knowledge, Cities Conference in the United Kingdom.
 
As we navigate potential futures, I would like to highlight two areas that we can look at for signals of what may lie ahead.
 
Social Sector: Twenty-first century philanthropy
Philanthropy–or more accurately, the social sector–will increasingly play a larger role in creating societal and economic change. MacKenzie Scott is influencing giving strategies and funder expectations through Yield Giving. Unintended consequences of broader trends in wage transparency and union resurgence are putting pressure on the status quo at nonprofit organizations, where unions are forming and low wages have been exposed.
 
These all create an opportunity for the social sector to move from heartstrings, hunches, and galas to data-driven investments in social capital cultivation.
 
A key component of our Design Economics Framework is the inclusion of the social sector in design and speculative economic modeling. Through social sector economics, data will begin to illuminate the invisible hand that remains a magical fixture in legacy economics.
 
Future of Work: The influence of converging forces
Our dialog about the future of work must expand this year. While professional office workers reevaluating their relationship to work and the movement for livable wages across the country and industries have taken center stage, a number of other factors are going to increasingly play a role in the future of work.
 
The securing of fragile supply chains by reshoring American manufacturing will create more jobs and eventually address rising prices–which raising interest rates does not seem to be doing. The explosion of COVID in China and the continuing Russian war on Ukraine will continue to disrupt global stability–as energy, manufacturing, and food production remain threatened. All of these factors will influence who will be working and from where.
 
I am beginning to examine the impacts of changing demography, spreading nationalism, and general geopolitical shifts. I look forward to sharing insights on how the economics of measuring human value, especially social capital, will evolve under these pressures.
 
We are living in a future that only recently arrived–a present day that is different yet similar in a variety of ways to what we may have imagined.
 
One of the strengths I see in this emerging world is that more of us are learning the rules of an inherited system that we will be empowered to break and remake.
 
Gratefully,
 
 
Visionary. Economist. Hacker.
"I see distant horizons clearly and work meticulously towards them."
813.240.0739
 
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