News for hackers. Stuff that matters.

A comment on Universal Basic Income Will Likely Increase Social Cohesion. Parent comment

Re:Universal Basic Income Will Likely Increase Social Cohesion by um_ya on Saturday October 24, 2015 @12:45AM (#10442471)
You don't get "money" from technology, you get utility from technology. You don't give people money for the productivity of technology... That's like having your washing machine pay you for the money it's saving you on hiring somebody to wash it by hand. The value is in the cost saved from using a technology, not the money you receive from it.
[ Parent | on HN ]
Re:Universal Basic Income Will Likely Increase Social Cohesion by eru on Saturday October 24, 2015 @04:24AM (#10442890)
Exactly. But money is easy to create: we can just print it. Creating utility is real. Money is nominal.
[ Parent | on HN ]