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Mike | Abundance š
@abundance
Iām a big believer in the concept that serious problems require serious solutions. For that reason, whenever I hear people say that Universal Basic Income (UBI) can solve the problem of job automation, I tend to be skeptical. Maybe UBI is a solution that could work for a couple of years, but itās definitely not a long-term solution. Those who believe it is a solution are missing one key element: politics. The naive view may be that since automation would lead to mass unemployment, there would be a majority of people who support UBI, and therefore the government would want to enact it. But that is not how power works in politics; with greater automation economic and industrial power would be more concentrated in the hands of corporate interests. These interests would have a lot more sway in government policies than they already do today (if you can believe that). So any politician who wants to finance their election campaign would need.. Read more š https://paragraph.xyz/@abundance/why-ubi-wont-work
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Vanessa Williams
@fridgebuzz.eth
Although I find the idea of UBI very appealing, I think that in reality it would be more like āBasicā in the book/TV series āThe Expanseā. Most people were not needed for work, which was a privilege of the well-connected. Everyone else lived in poverty on āBasicā. I look at my own governmentās support for people on disability: itās far below what that same government claims is the minimum required to live! They recently increased the benefit due to public pressureāby $6/day. š«¤ So UBI could well just create a permanent underclass, barely surviving and with no future. š
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Mike | Abundance š
@abundance
Afraid that's the most likely scenario..
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