Will robots such as these assembling Porsche’s take your job? Maybe. But other ones will be created. (AP) Welfare: In recent weeks, the idea of a "universal basic income" has shown surprising popularity across the political spectrum, from left to right. The only real question is why, since it’s such an awful idea.
For the left, the superficial case for a universal basic income, also called a guaranteed income, is that not everyone can compete in today’s high-tech, advanced economy. With the advent of robots, automation and artificial intelligence and the job losses that will ensue, or so the argument […]
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