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If you have to accept a pitiful wage in order to barely subsist, that is effectively forced labor. In practice, the only alternative is to starve. Which is why
by Al-Khwarizmi 11y ago
If you have to accept a pitiful wage in order to barely subsist, that is effectively forced labor. In practice, the only alternative is to starve. Which is why a labor market without basic income or some other kind of safety net is not a free market at all.
Not everyone can learn everything, but even if that were possible, if everyone in the world knew e.g. how to code decently, coding would be a minimum-wage job too. There is just not enough demand for jobs to make everyone valuable, and automation is just making this more pronounced.
- atemerev 11y agoThis is why world population growth is dramatically slowing down (not exponential, not even linear — it is now sublinear, and expected to stop completely around 2050).
- fche 11y ago"a labor market without basic income or some other kind of safety net is not a free market at all" No, you're just redefining "freedom". It does not mean "freedom from consequence from choices". It means "lack of compulsion to make particular choices".