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A comment on Car Dealers Wince at a Site to End Sales Haggling. Parent comment
Capital costs will rise when we run out of cheap energy, but I doubt that will be sufficient.
IMO, the ethical way to get there is through a basic income guarantee (http://en.wikipedia.org/wiki/Basic_income_guarantee).
With it, minimum wages could be abolished. Then that flood of low-paying jobs will materialize, not out of thin air, but out of China. It will, likely, also bring back jobs in shoe repair and the like.
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Capital costs will rise when we run out of cheap energy, but I doubt that will be sufficient.
IMO, the ethical way to get there is through a basic income guarantee (http://en.wikipedia.org/wiki/Basic_income_guarantee).
With it, minimum wages could be abolished. Then that flood of low-paying jobs will materialize, not out of thin air, but out of China. It will, likely, also bring back jobs in shoe repair and the like.