Universal Basic Income

[GUBU]

Like Teresa said, your spending becomes my income and my spending becomes your income. When a huge portion of us no longer have the option of being able to spend, most of us will be left without a source of income. I don't know if universal basic income is the answer. But I do know that absolutely fucking no one in the chain of command at Olive Garden or any other company is going to stop and think hmmm.... if we eliminate 90% of our staff through the use of technology and machines, the economy will suffer and no one will be able to afford to buy our products anymore so I guess we'd better not do that and just keep the employees employed instead. No one is going to do that. Ever.

No, what the boyos at the top will be thinking is "we cut staff by 90%, that'll push costs down at least 30%, pushing profits through the roof Q1 through Q3, meaning the share prices will skyrocket by the time my options to buy at 5% of today's prices can be optioned. I'll make it big, and when I go in five years once my second term is up, my pension will also be sky high (as it's tied to both pay and bonii). Who cares if the company folds ten years down the line?"