The other question you need to ask in order to understand this future scenerio:. Shipping costs will significantly decrease, what will consumers and shareholders spend the extra money on? Who knows what they will spend the extra money on, could be healthcare, boats, TVs, whatever. But new jobs will be created in these expanded industries. It really, really bothers me the constant "x technology will drive x people out…
Shockingly enough, a UBI has been a libertarian concept for nearly half a century. If UBI had some reasonable limitations, like say 10% of the GDP divided evenly amoungst those who apply, it would provide a hard bottom to poverty while leaving huge incentives to find gainful employment. I'm not saying it wouldn't quickly turn into 51% of the people voting themselves 100% of the money (which would quickly become worth…
Can you recommend any reading on this?