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> There's only so much productivity we can utilize. What happens when we've saturated? Unemployment. There's only so much productivity we can utilize _at a giv
by curryst 6y ago
> There's only so much productivity we can utilize. What happens when we've saturated? Unemployment.
There's only so much productivity we can utilize _at a given price point_. It's possible wages could fall instead, although there's definitely a floor to that.
That's one of the interesting implications of UBI; it would theoretically make it easier to find free or close to free labor. I still don't think it would be plentiful, but I would guess there will be an uptick in the number of people like amateur astronomers who will sit and watch the sky at night for free.