Another fallacy these techies believe is that there tech eliminates jobs. So they feel guilty about that.
That idea has been around since even before the industrial revolution. And it’s false.
Hayek and Friedman provide rebuttals to this idea.
“That same week, an article appeared in the Atlantic making a “conservative case for a guaranteed basic income.””
This is a fallacy IMO. Do Conservative Freepers believe this?
I can hardly believe a conservative article was published in The Atlantic.
[ Another fallacy these techies believe is that there tech eliminates jobs. So they feel guilty about that.
That idea has been around since even before the industrial revolution. And it’s false.
Hayek and Friedman provide rebuttals to this idea. ]
One problem is that if you have an economy with a perpetually debasing currency ie. A Fiat based currency, one has to keep working more hours to keep up with inflation even if productivity goes waaaay up.
If we didn’t have a our inflationary currency you could easily have families with a single breadwinner. but we have seen as they burden people with more taxes and the most cruel tax of all, inflation, you have to have TWO or MORE members of a family fully employed either full time or at least one full and one part time to makes ends meet...
And that is WITH the benefit of labor saving technology, in a way tech is a double edged sword, tech in our case is only treading water above inflation, and when tech stagnates we all drown. Without Tech we would have a Re-Set 100 years ago...
Kill inflation and reset the economy and you could easily have single breadwinner families and parents with far more time for their kids and with less need for constant employment by people, there would be less unemployment eventually.