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"?Doubt.
mitthrowaway2|10 months ago
UBI is distributed by the government directly, so it's basically a question of what gets taxed, how much inflation results, and whether that inflation and taxation proves more unpopular than the UBI is popular.
Analemma_|10 months ago
ben_w|10 months ago
In optimistic scenarios, if AI can do so much that nobody's even getting paid to make robots, then AI are making robots that also makes the cost of living lower.
In practice, I think that the path from here to there is unstable.
User23|10 months ago