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What is Artificial Scarcity

Maintaining Social Well-Being and Meaningful Work in a Highly Automated Job Market
Purposeful limitation of production of particular products (or services) in order to raise prices and / or demand.
Published in Chapter:
Self-Actualizing and Self-Transcending in a World of Less Available Work: Exploring Complements and Substitutions
Shalin Hai-Jew (Hutchinson Community College, USA)
DOI: 10.4018/978-1-7998-2509-8.ch007
In a time of the Fourth Industrial Revolution (4IR), with an anticipated world of much less available work, due diligence requires that people identify what needs of theirs are met via work ideally in a pre-4IR sense and then to revamp their lives based on partial work, complements, and substitutions, to ensure that their needs are completely met. This work uses a six-level version of Maslow's hierarchy of needs focused on what work enables for people, beyond survival needs. This follow-on work explores how the prior research may be applied to mapping an individual's needs, identifying what needs are met via work, and then exploring potential complements and substitutions, in a practical walk-through. The focus is particularly on needs beyond survival ones, and especially on the top two levels of the hierarchy of needs for self-actualization and self-transcendence (both of which enable personal definitions of what those mean).
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