well if the marginal value of labor goes to zero, only those with capital will be able to survive. we may need to think about what kinds of redistribution are socially acceptable.
Minimum wage is barely (in many cases not even barely) enough to live on. Raising minimum wage is a herculean task that rarely succeeds. Federal minimum wage hasn't been raised in 16 years. But we'll have not only a livable UBI in 20 years, but one that's enough to "retire to a life of leisure"?
We can't even get universal health care or a decent minimum wage through the opposition from our oligarchs, and those are much, much smaller asks than UBI. Why on earth would you expect UBI to be possible, never mind inevitable?
jes5199|10 months ago
PaulDavisThe1st|10 months ago
ziddoap|10 months ago
Doubt.
Analemma_|10 months ago