Regarding the "workers who are worth nothing" - Zero Marginal Product workers: http://marginalrevolution.com/marginalrevolution/2011/01/scott-sumner-on-zero-mp

Regarding the "workers who are worth nothing" - Zero Marginal Product workers: http://marginalrevolution.com/marginalrevolution/2011/01/scott-sumner-on-zero-mp-workers.html http://marginalrevolution.com/marginalrevolution/2011/01/sco... http://marginalrevolution.com/marginalrevolution/2010/07/zero-marginal-product-workers.html http://marginalrevolution.com/marginalrevolution/2010/07/zer... From a societal standpoint, it's absolutely horrible. This train can't go on forever. At some point, the chorus of "basic income" from the large number of chronically unemployed will become too loud to ignore. For places that already have one, a recalibration towards an "Arts, Sports, and Lesiure society" should already be starting.