Vail Daily letter: Universal basic income and the Industrial Evolution

Vail Daily letter: Universal basic income and the Industrial Evolution

Intrigued as I am by the financial direction of our country, I’ve recently studied articles about the effects of Silicon Valley upon us all. The interface of technical advancement today is closely parallel to the U.S. and British "revolutions" from 1766 to 1870. Layoffs were then a cultural reality and families displaced.

In England, criminal offenders were offered a choice: Suffer in an overcrowded jail cell, or travel to Australia and work off your sentence building roads and bridges in "paradise."

Today in Finland, initial trial plans are afoot for a 2,000-person test of the "IT displaced" to be paid a […]

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