Minouche Shafik: We need to rewrite the social contract to meet new demands

The welfare state is based on men going to work, women staying at home, jobs for life, and secure pensions. All of those certainties have disappeared, says Minouche Shafik.

Every society has norms, institutions, policies, laws, and commitments to people who need support. In traditional societies, such obligations are borne mostly by families and kin groups.