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>So what good is basic income of $1000 if a burger costs $100 or rent costs $3000. Basic income would only become a reality when the costs to produce goods sig
by Lawtonfogle 12y ago
>So what good is basic income of $1000 if a burger costs $100 or rent costs $3000.
Basic income would only become a reality when the costs to produce goods significantly decreases due to automation. If the price of a hamburger is $100, then the price for a machine to automate production is going to be insane, at which point hiring people would be cheaper, meaning there would be jobs and no need for basic income.