CMV: Automation will continue to increase productivity and minimize employment, but the U.S. will NEVER see anything like a basic income.

CMV: Automation will continue to increase productivity and minimize employment, but the U.S. will NEVER see anything like a basic income.

Hi /u/SajunBecker . I’m wrapping up my master’s degree this year and have taken a decent number of courses pertaining to labor economics and macroeconomic development. Thus, if you’d like any more detail than what I’m providing (going to try to keep things short, for everyone’s sake), please feel free to ask! 🙂

So, basically there’s a few things going on here. First, as a few others have already pointed out, we do technically have some forms of pseudo-basic income (social security, AFDC, Food Stamps, subsidized housing programs, etc. are all efforts to combat unemployment and poverty and thus efforts […]

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