I appreciate Prof Broadbent's well argued position. But there needs to be widespread agreement among a number of key countries before this kind of change can happen, and in the short term any small player who insists on it is apt to suffer consequent disadvantages.  Valid though Dr. Broadbent's position is, it is really only peripheral to the central economic problem of our times: that labour has no significance in the objectives of any enterprise in our economic system - it is merely one of a number of production inputs, which any smart enterprise would love to optimize right out of existence, and increasingly are able to do. So what we really need is some economic genius to invent and popularize a new model for the way we compute the legal bottom line in every enterprise.  Human beings, aside from owners, need an assured place the actual OBJECTIVES of enterprise, else we are all doomed to become ever more troublesome cast off and obsolete parts.