Re UBI will just be inflated away if universal, because actual production would fall...
I've always thought UBI was explicitly about "in a world of technologically-mediated unemployment." Presumably, when robots or AI are so good they're replacing a lot of jobs, robots are ALSO good enough to be doing a lot of the production. Then you jus…
Re UBI will just be inflated away if universal, because actual production would fall...
I've always thought UBI was explicitly about "in a world of technologically-mediated unemployment." Presumably, when robots or AI are so good they're replacing a lot of jobs, robots are ALSO good enough to be doing a lot of the production. Then you just need to allocate some percent of that production for the UBI pop in question.
After all, how valuable *really* is it to have some moke staffing a line as a burger or gas station cashier, or restocking at a big box store, or whatever. Those are obvious "better done by robots" jobs, as soon as the robots are up to par, and that's the supermajority of jobs at this level. So working less in that world is good and expected, and that world is coming pretty soon.
Housing is the real issue then, because that's probably the last thing we'll figure out how to produce cheaply or easily, even with GPT-8 galaxy brains working on it.
Part of the problem we have now is that wages have not kept up with increasing productivity for a long time. UBI can also be seen as a reaction to that, trying to reverse some of the damage, even before the robots come for our jobs.
If we are unable to redistribute wealth better it seems unevitable that we will see more and more social unrest, destabelizing the whe whole of society. We can already see this happening it seems.
I belive the added money supply (money printing) is how modern democracy tries to adress the lack of redistribution, without adressing it, currently. And that this might cause even more problems and inflation in the future than UBI would ever do.
Re UBI will just be inflated away if universal, because actual production would fall...
I've always thought UBI was explicitly about "in a world of technologically-mediated unemployment." Presumably, when robots or AI are so good they're replacing a lot of jobs, robots are ALSO good enough to be doing a lot of the production. Then you just need to allocate some percent of that production for the UBI pop in question.
After all, how valuable *really* is it to have some moke staffing a line as a burger or gas station cashier, or restocking at a big box store, or whatever. Those are obvious "better done by robots" jobs, as soon as the robots are up to par, and that's the supermajority of jobs at this level. So working less in that world is good and expected, and that world is coming pretty soon.
Housing is the real issue then, because that's probably the last thing we'll figure out how to produce cheaply or easily, even with GPT-8 galaxy brains working on it.
Part of the problem we have now is that wages have not kept up with increasing productivity for a long time. UBI can also be seen as a reaction to that, trying to reverse some of the damage, even before the robots come for our jobs.
If we are unable to redistribute wealth better it seems unevitable that we will see more and more social unrest, destabelizing the whe whole of society. We can already see this happening it seems.
I belive the added money supply (money printing) is how modern democracy tries to adress the lack of redistribution, without adressing it, currently. And that this might cause even more problems and inflation in the future than UBI would ever do.