that is the main problem

Just abolish the minimum wage.
Boom. Automation isn't a problem.

You can't get the money to pay for it

We shouldn't try to stop automation though @psyxypher

I mean I think a minimum wage is a good idea so it gives people a certain baseline

the minimum wage hurts the economy anyways

We should encourage it and try to help the people it takes out of work @psyxypher

We're not trying to stop automation. We're just not subsidizing it by making hiring people impractical.

putting an arbitrary limit on what people can get paid is just not a good idea. it causes all kinds of issues in the long run

That's the issue with the minimum wage; it's a violation of our right to work for less than minimum wage.

because many of these things are interconnected when it comes to the economic structure

We should be aiming to reach a point where most of the
is automated and not many people need to work

I can't imagine that going well.

UBI would prevent mass unemployment from being a problem

so... Wall-E

To an extent

TEL wants WALL-E IRL

I want to reach Utopia

<:pepelaugh:544857300179877898>

It's possible and it is what we should be aiming for

I was more thinking of something involving bringing back old style gladiator games because there's so many bored people.

@The Electric Lizard Utopia is just dystopia.

when i was first researching a UBI, i found this study insightful. https://rooseveltinstitute.org/modeling-macroeconomic-effects-ubi/

@psyxypher ?

But those are contradictory terms

Hold up for a second.

Utopia isn't completely possible but we can take efforts to get closer to it

Would you mind if I got a video for reference?

Ensuring very few people have to work would be a stop towars it

@psyxypher Not reallu

https://www.youtube.com/watch?v=cDeMzg31T2I

UBI wouldn’t solve the Main issue of Americans being Financially Illiterate

@The Electric Lizard Thank ye.

Adeptus, you've hit it on the nose.

We don't need them to be

If you took all the money, and then you give every Person $100,000, those who were once Wealthy will likely become wealthy again, and the Poors will lose it all immediately

No one understands basic economics. I'm willing to bet most of the people in my town have never heard the term "Price Ceiling" before.

@psyxypher The problem with this video is that it describes a very Authoritarian society which in my view could never really be a Utopia

The Society being described for example forces people to work for 2 years

That doesn't really seem like a Utopia

That's *always* how it starts.