Tax companies a % of what they save by reducing head count. Salary, benefits, insurance, everything. They still save $, but not as much - they pay into a fund for UBI. And eliminate loan interest tax deductions for loans (totalling) over $X (some reasonable threshold that doesn’t penalize middle class mortgage holders).
And to the poster above, UBI is for everyone, so those still working get UBI plus a paycheck - that’s how it’s fair.
We are NOT economically prepared for the renaissance coming. And our octogenarian leaders don’t even understand how to set up a printer. Something’s gotta give or the economy will collapse. Some estimates are up to 25% of jobs in the next 10 years.
The basics of Supply and Demand. If automation means more consistent and bigger Supply, then prices will* come down and more of the Demand will be able to afford the goods and services in the Supply. Larger supply means cheaper prices, possibly to the point where value becomes basically meaningless.
*assuming that Supply isn’t artificially limited by the owners of industry to protect their own profits. If only someone wrote a series of books and pamphlets about how the owners would do everything they can to protect their profits.
Well, the hypothetical is essentially a post scarcity “economy”, if there is zero demand for “work”, then work would have to be uncoupled from livelihood in some way.
A crap outcome would be to meaninglessly keep toiling at work that we could automate because we are afraid of dealing with consequences of a big labor surplus.
However, this is a hypothetical, and even if it starts becoming a reality, it’s going to be awkward when we can’t meaningfully have “work” for everyone but we still need work for some people.
I will agree that the hard core antiwork folks that say today we could get by with everyone only doing what they wanted for fun are unrealistic. However it’ll be… Interesting to see how we might navigate possibilities.
I’ll take “How to completely miss the point of what I wrote” for 1000 Alex.
I never said anything about anti-work* and I literally addressed the point about how high production and automation and plentiful Supply drives prices down.
*Which it seems like you’re assuming people won’t do any labor and instead it’s people won’t work bullshit jobs that don’t actually do anything productive and can actually more choose what they work on instead of working for the benefit of the industry owners
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Tax companies a % of what they save by reducing head count. Salary, benefits, insurance, everything. They still save $, but not as much - they pay into a fund for UBI. And eliminate loan interest tax deductions for loans (totalling) over $X (some reasonable threshold that doesn’t penalize middle class mortgage holders).
And to the poster above, UBI is for everyone, so those still working get UBI plus a paycheck - that’s how it’s fair.
We are NOT economically prepared for the renaissance coming. And our octogenarian leaders don’t even understand how to set up a printer. Something’s gotta give or the economy will collapse. Some estimates are up to 25% of jobs in the next 10 years.
The basics of Supply and Demand. If automation means more consistent and bigger Supply, then prices will* come down and more of the Demand will be able to afford the goods and services in the Supply. Larger supply means cheaper prices, possibly to the point where value becomes basically meaningless.
*assuming that Supply isn’t artificially limited by the owners of industry to protect their own profits. If only someone wrote a series of books and pamphlets about how the owners would do everything they can to protect their profits.
deleted by creator
Well, the hypothetical is essentially a post scarcity “economy”, if there is zero demand for “work”, then work would have to be uncoupled from livelihood in some way.
A crap outcome would be to meaninglessly keep toiling at work that we could automate because we are afraid of dealing with consequences of a big labor surplus.
However, this is a hypothetical, and even if it starts becoming a reality, it’s going to be awkward when we can’t meaningfully have “work” for everyone but we still need work for some people.
I will agree that the hard core antiwork folks that say today we could get by with everyone only doing what they wanted for fun are unrealistic. However it’ll be… Interesting to see how we might navigate possibilities.
I’ll take “How to completely miss the point of what I wrote” for 1000 Alex.
I never said anything about anti-work* and I literally addressed the point about how high production and automation and plentiful Supply drives prices down.
*Which it seems like you’re assuming people won’t do any labor and instead it’s people won’t work bullshit jobs that don’t actually do anything productive and can actually more choose what they work on instead of working for the benefit of the industry owners
The folks that don’t want them building guillotines in their spare time. Remember kids, guillotines cure economic anxiety.
The highly automated factories?