because people, men especially, are hard wired to work and contribute to society, and ubi would not resolve that

i bet there would be a wave of substance abuse and suicides

but i don't think that is going to happen either

i think, technology will continue to improve, and make our lives easier in some ways, and i'm betting the amount of poor people will increase

B-b-b-but inevitable Utopian Communism!

xD

they say, income inequality is increasing. meaning, the rich are richer, but most of us don't get richer. ok. but technology continues to improve. our lives continue to get easier/fuller because of that. think, smartphones automobiles refrigerators internet. the trend in capitalism is fewer people in absolute poverty (steven pinker). so just play that out over time. i'm not convinced automation will leave us with "nothing to do". people will still need to eat and we'll figure it out.

we'll figure it out aided by our more advanced technology

we have seen how smartphones have already brought new kind of jobs e.g., uber, could new technology bring other opportunties? e.g., automated farming equipment that is cheap and affordable? or other things we don't envision yet

@Eno_ You've got it wrong, income inequality is not really a problem

the rich get richer but the poor also get's richer

I highly doubt full automation will happen.

if you read my message i am arguing for why it isn't a problem

the idea of capitalism that lifts all boats

o

yeah, but people have the wole idea wrong

capitalism produces technology, that technology improves our lives, that's wealth

Capitalism isn't meant to let rise

it's supposed to make them fall

hmm?

in nominal terms

They're supposed to rise in *real terms*

despite nominal wages rising, if prices fall etc real wages will rise

which is what Capitalism is about

right. if a widget is cheaper to produce thanks to improvements in technology

Yeah

i think smartphones are a great example, computers in general

Increasing in supply, a higher purchasing power of the dollar.

Mhm

deflation is good

i think this is an argument for not increasing the minimum wage

the worth of human labor will perhaps go down but we want to give people a chance to sell their labor, so they can earn at least something

if deflation is happening. having $100 from your cheap job is better than having $0 from no job.

if you increase minimum wage, you will increase the rate of automation, you will accelerate the communist dyst/ut/opia

alternatively, we should let the market figure out the new types of labor that come about from the new technology, at whatever their worth, and not interfere with minimum wage as it may well be less than that

the more we interfere in the economy, the more *we need to interfere*, look at venezeula

and its a downward spiral

one measure causes problems so introduce new measures to fix the problems etc. everything goes to shit

Yeah minimum wage is bad

i'm arguing for not touching what we have. i wonder would happen if we just removed it though.

if it ain't broke though... idk