What if governments just gave money to people?
That’s the big question that Thomas Weisskopf , professor emeritus of economics at the University of Michigan, is asking. Since automation is replacing human-powered labor in fields like manufacturing, robust employment may be a thing of the past. A permanent surplus of labor has massive consequences, driving down wages and even contributing to social unrest. According to Weisskopf, such a dramatic problem demands a dramatic solution. An automated welding arm Weisskopf said in using “basic income grants,” an amount of money would be handed out to every citizen “without any conditions whatsoever.” […]
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