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Robots and UBI: How to solve the coming automation crisis

Robots and UBI: How to solve the coming automation crisis

(13:00) Inequality is expected to keep rising as wealth goes to those who own the robots.

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Guest: MB (138 days ago)
Latest comment:

Imploding and world order breaking down. I think this is a bit alarmist. Robots will do our work and build things that is sold to us humans (Robots don’t buy stuff, yet!). Fast forward a few years to when everyone is jobless because of robots. Who is going to buy the stuff that robots make or services they provide? no one right? So either the companies close and we end up with no more robots but we all still out on our arses. Then one of two things will happen at this point a) A society reboot as we start to make stuff we need ourselves all over again up until automation process starts being reintroduced again – and we repeat over and over or b) As more people lose their jobs the state will have to pay more benefits to more and more people. To maintain this more tax income will be needed which indirectly, and I suspect unknowingly, will be affectivly be a robot tax. I suspect, not unlike quantitative easing, this will be greater tax than needed to simply provide poverty line existence such that we have spare cash to buy stuff – boosting sales and increasing tax income thereof. When everyone is finally jobless then this benefit will be, all but in name, UBI but not introduced by some controversial change in government policy. UBI - Its coming whatever the Numpties in power are capably of comprehending at the moment.

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Latest comment:

Imploding and world order breaking down. I think this is a bit alarmist. Robots will do our work and build things that is sold to us humans (Robots don’t buy stuff, yet!). Fast forward a few years to when everyone is jobless because of robots. Who is going to buy the stuff that robots make or services they provide? no one right? So either the companies close and we end up with no more robots but we all still out on our arses. Then one of two things will happen at this point a) A society reboot as we start to make stuff we need ourselves all over again up until automation process starts being reintroduced again – and we repeat over and over or b) As more people lose their jobs the state will have to pay more benefits to more and more people. To maintain this more tax income will be needed which indirectly, and I suspect unknowingly, will be affectivly be a robot tax. I suspect, not unlike quantitative easing, this will be greater tax than needed to simply provide poverty line existence such that we have spare cash to buy stuff – boosting sales and increasing tax income thereof. When everyone is finally jobless then this benefit will be, all but in name, UBI but not introduced by some controversial change in government policy. UBI - Its coming whatever the Numpties in power are capably of comprehending at the moment.

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