Labor Day

Today, the 1st of May, is Labor Day in Turkey.

Primarily as the result of fast technological progress, economic returns have recently been shifting from sources of labor to sources of capital. I think this trend will continue in the future.

As a result, programs which protect sources of labor from short term adverse consequences and help prepare them for new opportunities, like new skill trainings, social safety nets, and unemployment benefits, become increasingly important. As this trend continues, new programs may also emerge.

It is our collective responsibility to protect and improve the collective human condition. Labor Day is a great reminder of this.

Also published on Medium.