Elon Musk says we need universal basic income because ‘in the future, physical work will be a choice’ – Musk is creating a robot that would do mundane tasks, so humans don’t have to. This would take away many service jobs, though, which is why humans would need guaranteed income.

I’m generally in favour of UBI, but it’s worth noting it isn’t a cure to all of the social ills that would result from a fully automated economy. Right now, even the people who occupy the very lowest rungs of the social ladder have some modicum of power within the capitalist system, because they can choose to withhold their labour, and this power is magnified when exercised collectively. In the fully automated economy, even this small power is denied them.

I see a pretty bleak potential future here. Such an economy could be one of such staggering inequality, that it […]

Full Post at www.reddit.com