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A comment on 12-year study will look at effects of universal basic income. Parent comment

Re:12-year study will look at effects of universal basic income by JoeAltmaier on Monday May 07, 2018 @11:50AM (#17013705)
In some countries, rising automation means there are no jobs to be had, or that skilled persons fall down the ladder until they're working unskilled jobs. We pretend its 98% employment, but folks with degrees are working food service.

A 'jobs program' in this environment is doing no good. There are already 30M people in service jobs (The lowest paid), and they're being automated away right now. We can't retrain them all to be engineers; we don't even need 30M more engineers. What are we to do? The solution won't be 'do what we did before' because, we've never been in this situation before.

Oh, wait, in England they were in this situation when weavers were replaced by textile mills. Their solution: let the weavers starve and die. Maybe not the answer we want today.

[ Parent | on HN ]
Re:12-year study will look at effects of universal basic income by josefresco on Monday May 07, 2018 @11:56AM (#17013752)
"In some countries, rising automation means there are no jobs to be had"

Source on this claim? Interested in the topic and would like to read more.

[ Parent | on HN ]
Re:12-year study will look at effects of universal basic income by JoeAltmaier on Monday May 07, 2018 @04:38PM (#17016296)
In the US, automation is growing explosively. When factories 'come back to the USA' from India or China or wherever, its not because they're paying enough to attract Americans; its because they automated and don't need (hardly) anybody.

Further, bank teller and fast-food worker are the next to be automated away. Its happening everywhere, with touch-panel counter service.

[ Parent | on HN ]