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A comment on Tech giants Elon Musk, Sam Altman push universal basic income concept. Parent comment

Re:Tech giants Elon Musk, Sam Altman push universal basic in... by aianus on Sunday May 28, 2017 @03:23PM (#14435708)
You don't need to work more hours you just need better machines to make the average hour worked more productive. If the productivity went up 10% you could give everyone a UBI of 10% of GDP without any additional hours worked.
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Re:Tech giants Elon Musk, Sam Altman push universal basic in... by candiodari on Monday May 29, 2017 @01:39AM (#14437586)
Sorry - wrong answer.

The machines were mostly moved to China because of climate policy (and lower wages, and despite QE credit being easier in China) (TLDR: we moved all factories to be coal powered regions (~20x more polluting than oil, ~2e12 times more polluting than nuclear), because our nuclear and oil powered power plants were too polluting).

So this argument might have worked 10 years ago, but today too much of the economy has nothing to do with machines (other than laptops running excel spreadsheets).

Try again ?

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