Re:Cities Experiment with Remedy for Poverty: Cash, No Strin...
by carapace on Tuesday September 29, 2020 @11:54AM
(#24629334)
The whole point of UBI is that production has become so easy that the average person can't find work.
Think about it: the whole point of technology is to do less with more, and technology works and it get better over time.
It's "works as intended" for machines to do the work that machines can do. And the realm of "work that machines can do" is continually growing.
Eventually you have infinite supply of everything and everyone is unemployed and unemployable, so they have no money so there is no demand.
Infinite supply and no demand.
One solution is just to print money and give it to people. It's basically a quota on the output of the magic replicator machine from Star Trek.
I don't know if it will work, but it sounds better to me than just letting people live in tents downtown like they're doing now. (I'm in SF and it's gotten pretty gnarly here. There are "for rent" signs and people living in tents all over the place. Think about how nuts that is...)
Think about it: the whole point of technology is to do less with more, and technology works and it get better over time.
It's "works as intended" for machines to do the work that machines can do. And the realm of "work that machines can do" is continually growing.
Eventually you have infinite supply of everything and everyone is unemployed and unemployable, so they have no money so there is no demand.
Infinite supply and no demand.
One solution is just to print money and give it to people. It's basically a quota on the output of the magic replicator machine from Star Trek.
I don't know if it will work, but it sounds better to me than just letting people live in tents downtown like they're doing now. (I'm in SF and it's gotten pretty gnarly here. There are "for rent" signs and people living in tents all over the place. Think about how nuts that is...)