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Robot taxes and universal basic income: How do we manage our automated future?
Automation and artificial intelligence are set to replace humans in a wider array of jobs than ever before, so how does society deal with it?
As more and more jobs are becoming automated, the world faces a dramatic shift in the underlying structures of its labor economies over the next 20 to 50 years. The conversation is slowly becoming more prominent in the mainstream with several major figures highlighting the problem and proposing different solutions. Elon Musk maintains that the idea of a universal basic income is the best solution, while Bill Gates advocates for a robot tax.
It's undeniable, we are entering a revolution in our labor economy. Numerous recent reports have reached some confronting conclusions as to the effects of automation and artificial intelligence on our current work force. A striking report from Oxford University in 2013 estimated that about 47 percent of the total current US work force is at risk of becoming redundant due to automation or artificial intelligence. Another study in 2015 found that 45 percent of jobs in the US right now could be replaced by currently demonstrated technologies.
what are the unemployed and unemployable supposed to do? Starve? Die?
originally posted by: avgguy
We don't, in the next 20yrs we'll see the majority of Americans out of work. Hell the labor participation is only hovering around 60% right now.
originally posted by: ausername
I can see how they will attempt to create a social safety net for some of this but I think ultimately for the governments, corporations, billionaires and elite of the world eventually the conversation will turn to more effective ways to control population growth and ultimately reducing human populations.
How many are too many?
In the short term, it's an excellent way to eliminate the middle class altogether, everyone not at the top will have to get by on whatever the system provides.
originally posted by: avgguy
a reply to: Aazadan
Either way not enough people are working and paying taxes to support those who aren't. It's going to get ugly.
The issues you're seeing today aren't with tax rates, they're with wages. Wages have stagnated or gone down, in some cases pretty significantly. As a result, even 11% today seems far more impactful than 30% did back then.
originally posted by: 727Sky
This is not a light hearted subject that should be ignored IMO...
Alaska pays all their citizens a small percentage of their exported oil profits annually. Libya was a country that educated, provided housing, and even transportation for its' citizens before, we came, we saw and he died crowd decided to destroy the country..