Sir, I refer to Tim Harford’s “ Basic income or basic jobs? ” June 29. The theme has become more fashionable because of robots and artificial intelligence, but the lack of jobs is not a new concern.
In 2003 in an Op-ed I wrote: “There’s a hint of all coming to a standstill in the theory about how globalization will optimize the world economy, by ensuring that merchandise will always be produced at the lowest marginal cost. What good does it do us to have products where the cost of the labor component gets smaller by the minute, if workers […]
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