We already have an income floor in the US paid for by taxes - it's for people over 65 and the disabled and it's called Social Security. I don't see how Social Security and the concept of a universal basic income differ all that much.
It seems we're in denial about how much automation is going to take over jobs done by humans in the next few decades. Machines are often much cheaper, they don't get sick or take vacations and they don't file costly worker's compensation claims.
If there are fewer jobs with a decent wage than there are able-bodied people, you're going to have a crap economy, there's no two ways about it. My spending is your income and your spending is my income.
I'm interested to see how it goes in some of these localities that are trying out universal basic income. Although I doubt it will come to the US as the wealthy would never allow it and they run the show here, sadly.
-Teresa
It seems we're in denial about how much automation is going to take over jobs done by humans in the next few decades. Machines are often much cheaper, they don't get sick or take vacations and they don't file costly worker's compensation claims.
If there are fewer jobs with a decent wage than there are able-bodied people, you're going to have a crap economy, there's no two ways about it. My spending is your income and your spending is my income.
I'm interested to see how it goes in some of these localities that are trying out universal basic income. Although I doubt it will come to the US as the wealthy would never allow it and they run the show here, sadly.
-Teresa
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