Online Peer Production: Catalyst to the Next Workplace Revolution
by dchestnut | on November 2, 2012
Online peer production coupled with vision can usher in a revolutionary transformation of the mainstream workplace.
First of all, according to Don Tapscott, author of Wikinomics, Mass Collaboration Changes Everything, the definition of Peer Production is as follows:
In it’s purest form, it’s a way to producing goods and services that relies entirely on self-organizing, egalitarian communities of individuals who come together voluntarily to produce shared outcome.
In some peer production communities, participation is voluntary and non-monetary. They participate because they want to. For example, Wikipedia is a very popular where individuals voluntarily to do research in specific subject areas and post it to Wikipedia. No one commands or order individuals to research and submit articles. They do it because they want to contribute. Another example is the Linux open source software development platform where software programmers voluntarily submit code to the software development project. Again, no one orders or commands programmers to submit code. They do it because they want to contribute.
In return for their efforts, volunteers often receive non-monetary awards such as industry recognition, notoriety and/or professional contacts that may lead to professional employment.
Peer Production plus new thinking can lead to a large scale revolution in the workplace
With the definition of peer production in mind, consider the following scenario as to how peer production may be deployed to completely revolutionary the workplace as we know it. First, review the definition of the Income Reengineering Process:
The real time, collaborative and interactive economic research into how to apply the internet and other information technology to aggressively and systematically integrate entrepreneurship and wealth focused principles, processes and compensation models into the mainstream workplace to the point where we eliminate paycheck to paycheck dependence on a large scale and shift employee thinking and focus away from just “earning a paycheck” to running their own business under the roof of employers with the support of employers. The resulting workplace compensation model is called the Empowered Employee Compensation Model or EECM. The EECM replaces hourly wages and salaries with ten (10) new income resources and benefits with the potential to usher in a 3-fold increase in the aggregate standard of living for both employees and employers.
In an effort increase the aggregate standard of living, the Income Reengineering process idealizes an aggressive and systematic transition from the old “industrial age” workplace compensation infrastructure to compensation more representative of the evolving information age. The end result is the complete obsolescence of traditional hourly and salary based compensation infrastructure in lieu of ten (10) new income resources and benefits packaged under what is referred to as the Empowered Employee Compensation Model (EECM).
Next, consider the fact that the Empower Employee Compensation Model consist of the following income resources and benefits:
Primary Income Resources
- Productivity Based Compensation
- Ownership Equity
- Residual Income Equity Benefits
- Salaries/Wages (temp to zero)
- Virtual Wages
- Virtual Dividends
- Virtual Bonds
- Virtual Stocks
- Private Retirement Plan
- Group Medical
Now, virtual wages, virtual dividends, virtual bonds and virtual stocks are referred to as the virtual income machines. The virtual income machines are conceptualized as large scale wealth building resources that will be delivered to the general public via the internet so that grassroots individuals can easily secure wealth building resources to pay down bills, build-up savings and generally build a financial foundation leading way from paycheck to paycheck dependence in lieu of working under the umbrella of the EECM.
Because of this wealth building solution, the virtual income machines represent the primary catalyst to making the Income Reengineering Process a reality. With this in mind, the virtual income machines are resources produced via large scale online peer production. In other words, online peer production is the catalyst to the virtual income machines and the virtual income machines are the catalyst to the Income Reengineering process
The business models are comprehensive, but in general, large scale, internet centered peer production can usher in a workplace revolution that can rival the industrial revolution in scope. This serves as a testament to the power of online peer production when peer production is coupled the vision embodied by the Income Reengineering Process. You can learn more about Income reengineering and the associated principles and processes at IncomeReengineering.com.