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by dTal
1904 days ago
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>Which means less labor supply, which means higher labor prices... ...which means higher prices of good and services, which means that the basic income you had previously settled on is no longer sufficient to survive on. How sure are we that there's a stable equilibrium? |
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Only if automation never happens. Clearly that ain't the case, per this very comment section and the topic thereof.
Indeed, automation's going to continue anyway, because as automation costs fall they'll eventually undercut labor costs - even those artifically suppressed through coercive means, as is currently the case in any (capitalist or otherwise) society lacking a socioeconomic safety net like UBI. So sooner or later something like UBI is necessary either way (that, or making people do pointless busy work, which is both paternalistic and grossly inefficient).