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A comment on Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario. Parent comment

Re:Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scen... by yardie on Monday July 06, 2026 @03:37PM (#48809461)
It won't work because it's unnecessary. If these boneheads are right AI will drive the price of goods down. Price of labor goes down. It's deflationary. UBI is a backstop against inflation. And really just there so that rich people's money is worth something.
[ Parent | on HN ]
Re:Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scen... by hn_acc1 on Monday July 06, 2026 @04:22PM (#48809988)
UBI can also be a backstop against deflation, can't it? If no one has income, it doesn't matter if bread costs $1 per loaf instead of $3-5 now - no one will be able to afford even $1 eventually, after they've sold their house at a loss, sold their car, sold their laptop, iphone, etc.
[ Parent | on HN ]