The article questions the practical logic of universal basic income in an AI economy where the majority of labor is no longer needed. Practical questions ranging from exactly how much people should get to what to do with people who aren't working anymore are raised.
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33 sats \ 0 replies \ @Undisciplined 22h
It won’t matter because comparative advantage implies that there will always be work for people in a market economy.
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0 sats \ 0 replies \ @fourrules 21h
The only solution is participation income where verification and validation are decentralised and distributed, rather than bureaucratised. If we don't do that consciously the path of least resistance is a de facto participation income for client groups of the state, like approved artists, in the name of "basic income".
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