[eanzenberg]

Not. Even. Close. Call me when shelter, food, and water costs are so low that any able person can attain each for minimal work. The fact that electricians and construction workers are still in high demand and get paid 80k+ shows how far away we are.

[JoeAltmaier]

5 million Americans receive housing for free or substantially federally assisted right now :https://www.census.gov/hhes/povmeas/methodology/supplemental...

How can that be? What direction is this going? How soon until everybody is subsidized in some way? (There are 2000+ federal housing assistance programs right now).

Market value for construction workers is misleading when the market is skewed. Because we currently play a game where people who want houses, have to hand over green coupons to people who build houses, isn't the whole story. Consider that all this money-trading is by the 99%, who own a small fraction of the money. What if the 1% threw their money into the game? It would skew the prices and wages until some equilibrium was reached, maybe have no real effect on housing at all.

So the real question is, how do we motivate our workforce to create wealth (housing, food etc) for everyone? We have excess capacity to do this (Iowa creates enough food alone, to feed 2 USAs). Why aren't we doing it? Automation will make it not even take people at some point to accomplish it.

The money game will run out of steam at some point. Whether the robot overlords just give us all what we need, or let us starve, is up to our choices in the next couple of decades.

This is all tounge in cheek (sort of); but because today we use money to guide resource doesn't mean it will continue to be useful to do that.

[eanzenberg]

I don't think you understand how money works. Remove money, and people will trade items for items. Money is the intermediate unit of your effort and time. "We" motivate our workforce in a natural way by choosing how we trade our (effort and time) for items they have. The value of those items changes as supply and demand changes anyways. The reason "we" are not letting Iowa feed us is because we don't want to eat 3 meals of corn all day every day. How would you "motivate" them to? Force? Which single entity would decide all these things? You, our new overlord? Sorry, I'll take my chances with the current, awesome, system ^_^

[JoeAltmaier]

That misses the point of the discussion again. People trade for things because of scarcity. This new 'post-scarcity' economy won't/can't/shouldn't work like that, at least for the necessities of life. The whole question is what to do when folks DONT trade for things.