Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

America is running out of jobs. It's time for a universal basic income.
The Week ^ | 09/09/2014 | Ryan Cooper

Posted on 09/09/2014 11:43:55 AM PDT by DannyTN

The politics of a guaranteed income get a lot easier when you acknowledge that the U.S. is no longer the land of opportunity

...

However, there are other trends that may be interacting with and exacerbating this original sin. Automation and globalization had already largely hollowed out America's manufacturing employment base; most jobs created during this "recovery" have been in crappy low-wage work. And when one takes automation to its obvious logical end, it's hard not to conclude that robots will soon be putting just about everyone out of a job.

... As someone with a nice, stimulating job, I agree that work can help people flourish. But in an economy that is flatly failing to produce enough jobs to satisfy the need, a universal basic income will start to seem more plausible — even necessary.

(Excerpt) Read more at theweek.com ...


TOPICS: Business/Economy; Government
KEYWORDS: communism; guaranteedincome; jobs; miltonfriedman; minimumwage; negativeincometax; obamarecession; obamataxhikes; ubi; universalbasicincome; welfare
Navigation: use the links below to view more comments.
first previous 1-20 ... 121-140141-160161-180181-193 last
To: Bobalu
Hey, it worked on Star Trek!

(Seriously...do I even need a /sarc?)

181 posted on 09/09/2014 10:31:55 PM PDT by gogeo (If you are Tea Party, the Republican Party does not want you.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: aimhigh
Ya, we heard that promise many times in the 1970's under Jimma Carter...

Yes, the groundbreaking advances in solar power have been 10 years away for the past 35.

182 posted on 09/09/2014 10:36:26 PM PDT by gogeo (If you are Tea Party, the Republican Party does not want you.)
[ Post Reply | Private Reply | To 51 | View Replies]

To: expat2
The problem is that the regime used the money to keep non-productive bureaucrats in jobs, instead of using it to stimulate the productive private part of the economy. That was against everything Keynes recommended...

Not true.

John Maynard Keynes said that it didn't matter, that for purposes of aggregate demand there was no difference between government and private employment.

183 posted on 09/09/2014 10:39:26 PM PDT by gogeo (If you are Tea Party, the Republican Party does not want you.)
[ Post Reply | Private Reply | To 56 | View Replies]

To: SoothingDave

You are part of the problem. Well meaning (I guess) but foolish.


184 posted on 09/09/2014 10:46:48 PM PDT by gogeo (If you are Tea Party, the Republican Party does not want you.)
[ Post Reply | Private Reply | To 93 | View Replies]

To: goldstategop
An income guarantee is not welfare...

Of course it is.

It is welfare by its very nature.

185 posted on 09/09/2014 10:52:04 PM PDT by gogeo (If you are Tea Party, the Republican Party does not want you.)
[ Post Reply | Private Reply | To 121 | View Replies]

To: gogeo
Not true. It is not so much a question of who spends it, but what it is spent on.

"Fiscal stimulus raises the market for business output, raising cash flow and profitability, spurring business optimism."

Keeping regulatory bureaucrats in their jobs does not add to the productivity of the nation, but in fact subtracts from it, since regulatory bureaucrats are a drag on the private sector.

186 posted on 09/10/2014 6:04:01 AM PDT by expat2
[ Post Reply | Private Reply | To 183 | View Replies]

To: varyouga
Even “the elite” may become a thing of the past..

I'll wager the software to replace politicians would be relatively easy. For most, a See 'n Say would suffice.

187 posted on 09/10/2014 6:16:37 AM PDT by polymuser ( Enough is enough.)
[ Post Reply | Private Reply | To 132 | View Replies]

To: KeyLargo
flying car

Military drones are really practice flying cars. Currently their mission is to kill people but once they've mastered that they will be used to move people.

188 posted on 09/10/2014 8:55:28 AM PDT by Reeses
[ Post Reply | Private Reply | To 124 | View Replies]

To: expat2
Keynes didn't speak to the regulatory effect of bureaucrats, nor does Keynesian theory. All that matters is that money is spent, people are employed, said people then spending the money they earned.

Rational people understand that Keynesian Theory is a recipe and wedge for big government...which is why FDR embraced it and why college faculties still teach it...and it makes a huge difference whether employment comes in the form of government or private employees.

Only rational people...which is why you have the Pelosis of the world praising the macroeconomic effect of unemployment checks.

Keynesian Theory rests on the premise that it doesn't matter.

189 posted on 09/10/2014 11:40:31 AM PDT by gogeo (If you are Tea Party, the Republican Party does not want you.)
[ Post Reply | Private Reply | To 186 | View Replies]

To: gogeo
Keynesian Theory rests on the premise that it doesn't matter.

Please show me where Keynes said this. I know that is what the modern socialists believe, but you need to show me where Keynes clearly stated that point to win the argument.

190 posted on 09/10/2014 3:15:16 PM PDT by expat2
[ Post Reply | Private Reply | To 189 | View Replies]

To: cynwoody
Doing nothing about it is the free market option. And, no, it will not be a disaster, except for those who are unfit or unwilling to adapt. A century ago, farmers were 31% of the labor force. Today, they're less than a percent. But the country as a whole is far richer.

To use your reasoning: a century ago the United States had much smaller government, and today we have massively larger government, but the country as a whole is far richer.

191 posted on 09/14/2014 10:49:02 AM PDT by Age of Reason
[ Post Reply | Private Reply | To 154 | View Replies]

To: Age of Reason

Government, above a certain small size, is a net drag on the economy.

If the US labor force were still distributed today the way it was a century ago, the US would still be poor. However, if the size of the government were still that of a century ago, the US would be much richer than it is now.


192 posted on 09/14/2014 12:32:07 PM PDT by cynwoody
[ Post Reply | Private Reply | To 191 | View Replies]

To: Age of Reason
Just look at the political mindset of Google, and what that company thinks your fate should be, what your life should be like.

They and their ilk are re-engineering everything in our society and culture according to their ideals.

It's like some kind of cult of technology despotism.

https://www.youtube.com/watch?v=bp9KBrH8H04

193 posted on 09/14/2014 12:36:11 PM PDT by cynwoody
[ Post Reply | Private Reply | To 178 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 121-140141-160161-180181-193 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson