Message from @Dysk
Discord ID: 554258176145489929
certainly sports as well
everyone would be retired but could volunteer to do unnecessary jobs likely. it would be 100% voluntary, unless you count peer pressure
it could be fun tbh
Then we could devote all our time to the advancement of human knowledge
yeah
Which would be super cool
Oh yeah then we might end up with transhumanism
Which would be interesting to say the least
Hey Morty, check this out!
@Leo (BillNyeLand) Visitor that automation advancing in rapid ways is the very long term, the UBI will cause inflation due to the reason above. I don't think Vat is a good way of "reducing overspending", not that all spending done naturally isn't "over" or "under", the best way is to abolish the fed and let the market control the interest rates, this will incentivise savings as the supply of real loanable funds will be low and interest rates will be high.
Yeah UBI is not tested but thats most likely what will happen, read above on why people getting $1k a year would cause problems.
@!AAmazing Hoping This is incorrect.
A labour force will always exist.
Despite what people say, a labour force will always exist and full automation will not happen. People will be working with more jobs we don't even know of today.
if full automation did happen and human labor was worth zero in the economy that would be really bad too imo
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
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