Friday, December 22, 2017
Universal basic income
Robert Reich explains it in this brief video. As automation increasingly replaces labor, how will people afford to buy anything? UBI is one solution that is again gaining traction. He provides studies that giving UBI to people with no strings attached leads them to keep working and use the UBI to increase their paltry minimal earnings doled out stingily by the corporate overlords. UBI will become critical though when there are little to no jobs left due to automation.