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The unemployment part really concerns me. We are going to be automating so many people out of jobs and there is going to be no work or only minimum wage jobs ou
by tomc1985 5y ago
The unemployment part really concerns me. We are going to be automating so many people out of jobs and there is going to be no work or only minimum wage jobs out there for them. Whatever field the majority of them train to will be slammed with pay cuts as a glut of new workers gets added to the pool.
We really need to start implementing universal basic income
- chii 5y agoThe cost of UBI isn't low: so let me ask - what's the cost of retraining those displaced by automation to another job? Is it more, or less than the cost of UBI? Why is it assumed, a priori, that those displaced people cannot be retrained for some other useful job?
- tomc1985 5y agoBecause we will be destroying way more jobs than will be making and more than will be available. It will be highly disruptive to other labor markets and will cause a race to the bottom for workers' salaries.