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How does basic income square with competitiveness. Imagine that there is a thing called an automatable job, that is a job that can be done by a robot who is goi
by devoply 10y ago
How does basic income square with competitiveness. Imagine that there is a thing called an automatable job, that is a job that can be done by a robot who is going to replace a human. Imagine you tax a company based on the number of robots they have doing automatable jobs. You take this money and you give it to former workers for free as basic income. Now the question is competitiveness. Is a company any more competitive for having automated such a job rather than letting the former worker get paid for free? How does automation square with competitiveness. I don't really think it does. Competitiveness increases are only possible in cases where there are cost savings. If there are none, then how is your company any more competitive. You might as well as let the worker keep doing the job rather than automate it. This then I think has far reaching implications about how such an economy looks like and why anyone would choose to work in such an economy... other than the fact that you let companies keep more money and give less money to unemployed workers. But that then cuts into consumption. And only enriches the small minority who already hold most of the wealth further. Sooner or later you do get to a point where no one is working and everyone is getting paid and there is little point in the economy.
Automation also makes productivity into a commodity because all machines are equally as productive. Legislations such as patents make no sense in such an arena.
- bitJericho 10y agoSounds wonderful doesn't it? Everyone free to pursue their dreams while robots feed and clothe us.