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You don't need to work more hours you just need better machines to make the average hour worked more productive. If the productivity went up 10% you could give
by aianus 9y ago
You don't need to work more hours you just need better machines to make the average hour worked more productive. If the productivity went up 10% you could give everyone a UBI of 10% of GDP without any additional hours worked.
- deleted 9y ago[deleted]
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- deleted 9y ago[deleted]
- candiodari 9y agoSorry - wrong answer. The machines were mostly moved to China because of climate policy (and lower wages, and despite QE credit being easier in China) (TLDR: we moved all factories to be coal powered regions (~20x more polluting than oil, ~2e12 times more polluting than nuclear), because our nuclear and oil powered power plants were too polluting). So this argument might have worked 10 years ago, but today too much of the economy has nothing to do with machines (other than laptops running excel spreadsheets). Try again ?