Universal Basic Income may be a necessity one day.
With the automation of the industry and service sectors (ironically sped up by demands for increases in minimum wage), who’s going to be left with a job to earn money to buy anything?
“With the automation of the industry and service sectors (ironically sped up by demands for increases in minimum wage), who’s going to be left with a job to earn money to buy anything?”
It is being overhyped for the benefit of the Demo party and their fondest wishes for a universal income. They have been working on this since the 1970s. One of Ted Kennedy’s favorite programs which never happened.
Some tasks will be done by robots but not all. Much of the switch over to robots has already occurred and will continue. It started in the late sixties and has continued. The robots now used don’t look like robots but they are most senses of the word.