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russell | 9 years ago

I have often wondered what happens when large scale technological unemployment occurs, or even the threat of it. I think we have seen the result in the 2016 Presidential election with the election of Donald Trump, probably the least qualified president since Harding. He's a psychopath, for god's sake. And his cabinet is beyond comprehension.

The possible result is an attack on all branches of the executive except the military. Replacement of Social Security and Medicare by virtually worthless vouchers, elimination of the departments of Education, Housing, and Energy. emasculation of the EPA. And on and on.

This could be as self-destructive as an armed uprising with fewer deaths (maybe).

Many of the issues are easy to fix. Remove the wage cap on Social Security taxes. Convert to health insurance to Medicare. Some of the unemployment issues can be mitigated by making the workweek 30 or 32 hours. Turning truck drivers into nurses or medical technicians takes a few years of training. Many of them are smart enough to do it. The current stumbling block is that they must have income support during the education period. Giving someone $100K to manage the transition doesnt seem like much to me.

Fundamentally increased productivity and wealth should lead to more leisure and a better standard of living for everyone. Eventually everyone should get a minimum guaranteed income so they have time to pursue their education, raise families, be artists or novelists.

See https://en.wikipedia.org/wiki/Mincome for an experiment on a guaranteed income.

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