Many are claiming self-driving cars are the future. But if two-thirds have a vote on the matter, self-driving cars are not going to be reality. The majority has been wrong before. Last week I wrote about how split Americans are on supporting a limited UBI program and how fewer still were willing to pay for … Continue reading First UBI…now this?
A recent mail survey is drawing unsurprising conclusions about American’s willingness to fund a Universal Basic Income program for those who lose their jobs due to job-displacing Artificial Intelligence (AI). Note the distinction: According to the survey report, researchers did not ask about American’s willingness to fund a truly universal basic income. Instead it focused on a … Continue reading Americans split on UBI
Nearly all the respondents saw a future where there are so few jobs, competing enterprises and viable capitalist markets, consumerism dwindles as no one can buy anything. Productivity costs due to automation drop precipitously and, with automation destroying wage-earning opportunities, capitalism collapses into some future systemic state.
Robotification is not the panic-inducing fear it might seem according to the number one private think tank.