[TheFuture]

The market rate for investment bankers is more attractive than my job. Doesn't mean I can just be an investment banker tomorrow. Or a nurse.

If I live comfortably on my basic income doing whatever, how do I become qualified to work? Remember we have college grads who aren't qualified to work, and they've spent their entire lives being educated.

[dragonwriter]

> The market rate for investment bankers is more attractive than my job. Doesn't mean I can just be an investment banker tomorrow. Or a nurse.

If the supply-demand imbalance is sufficient and durable, people looking for nurses / investment bankers / etc. will pay currently-unqualified people with the relevant basic aptitudes to train for those jobs (with a post-training commitment to accept employment if offered, or in the form of loans with guaranteed forgiveness and job placement with satisfactory completion of training, or in some other form.)

> If I live comfortably on my basic income doing whatever, how do I become qualified to work?

Living comfortably on basic income isn't going to be possible as long as the economy has substantial labor needs. BI is essentially the public holding equal, dividend bearing shares in the commons, for which taxes are use rents. The limit on the value of BI is basically that of the existing capital (including land) contribution to productivity; the potential comfort and value from BI grows with capital (e.g., via automaticn) displacing labor in production.

What BI can be is a means of managing the transitions in the economy as automation progresses.

[ihateloggingin]

Well put.