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a huge amount of work today is done by people instead of machines because people are cheaper than machines. If you make people more expensive than machines, th
by fps 10y ago
a huge amount of work today is done by people instead of machines because people are cheaper than machines. If you make people more expensive than machines, the machines will do the work, and the people can stick to doing something they actually want to do (like playing with their kids, working on a hobby, or exploring the world)
Look at the response to a higher minimum wage - McDonalds, which typically runs a store with 8 to 10 people at $7/hour discovered that most of those jobs could be automated (with better results) for the capital expenditure equivalent of less than $15/hour. So now there are McDonalds stores that run with 2 people instead of 10. People still get their hamburgers, but now orders are taken by a computer screen, hamburgers are assembled by a machine instead of a person, etc.
Lawnmowers, street sweepers, taxi cabs, factory lines, farms can all be nearly fully automated these days, but it's cheaper to put a person there right now.
- shostack 10y agoI didn't get into this aspect but you're spot on. This upward pressure on prices for certain services could drive innovation into automating them, which benefits society as a whole. It could also transform jobs such that you no longer need a gardener to mow your lawn, but rather a lawn mower drone controller who parks his truck in a neighborhood, and manages a fleet of mowing drones for all his customers there. This will produce a constant back-and-forth impact on labor markets as jobs are automated, then new jobs are created as a result, and then those jobs are automated. Having the basic income in place allows society to remain functioning while this happens and makes it more able to weather the changes and adapt.