Re:The threat of technological unemployment
by ska on Tuesday December 27, 2016 @04:26PM
(#13266339)
It is perhaps more realistic to think if those direct science grants as a subsidy to industry - it provides the fundamental research (i.e. much of the high risk hard work) results cheaply to industry, which captures most of the value later. The corporate R&D grants I think you are correct on, though.
Interesting idea, I think to some degree we already do this in an roundabout manner. We provide subsidizes (corporate tax exemptions for R&D) and billions of dollars of direct grants to scientific research for example, that can be thought as a wage subsidy for scientists. We definitely need to increase the EITC, and expand it to singles and couples without children. The EITC is probably one of the best ideas to counter an increasingly automated economy.