Here is a parable I made in 2010 about such a problematical society with ultimately just one top rent-seeker owning all the automation: "The Richest Man in the

Here is a parable I made in 2010 about such a problematical society with ultimately just one top rent-seeker owning all the automation: "The Richest Man in the World: A parable about structural unemployment and a basic income" https://www.youtube.com/watch?v=p14bAe6AzhA https://www.youtube.com/watch?v=p14bAe6AzhA A related longer article expanding on such ideas: https://pdfernhout.net/beyond-a-jobless-recovery-knol.html https://pdfernhout.net/beyond-a-jobless-recovery-knol.html "This article explores the issue of a "Jobless Recovery" mainly from a heterodox economic perspective. It emphasizes the implications of ideas by Marshall Brain and others that improvements in robotics, automation, design, and voluntary social networks are fundamentally changing the structure of the economic landscape. It outlines towards the end four major alternatives to mainstream economic practice (a basic income, a gift economy, stronger local subsistence economies, and resource-based planning). These alternatives could be used in combination to address what, even as far back as 1964, has been described as a breaking "income-through-jobs link". This link between jobs and income is breaking because of the declining value of most paid human labor relative to capital investments in automation and better design. Or, as is now the case, the value of paid human labor like at some newspapers or universities is also declining relative to the output of voluntary social networks such as for digital content production (like represented by this document). It is suggested that we will need to fundamentally reevaluate our economic theories and practices to adjust to these new realities emerging from exponential trends in technology and society." I just read Andrew Yang's "The War on Normal People" from 2018 that covers a lot of the same ground as in that article and in a clearer and more persuasive way (but does not outline quite as many possible solutions): https://en.wikipedia.org/wiki/The_War_on_Normal_People https://en.wikipedia.org/wiki/The_War_on_Normal_People "Focusing on domestic issues, the book discusses technological change, automation, job displacement, the U.S. economy, and what Yang describes as the need for a universal basic income (UBI). Yang argues that "as technology continues to make many jobs obsolete, the government must take concrete steps to ensure economic stability for residents of the United States," including the provision of a UBI, which is one of three central policies of Yang's 2020 presidential campaign."