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RE: Is a Universal Basic Income Inevitable ?

in #life • 7 years ago (edited)

Universal Basic Income is definitely inveitable.

In Economics there a 4 factors of production:
-Labor.
-Land.
-Capital.
-Enterprise.

Technology is replacing human labor, and should be a factor of production.

Therefore, if people can't exchange their labor for money,
Universal Basic Income is a necessity.

7 years ago in #life by
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     7 years ago  

    And what preserves the value of money if it is just handed out for free? Universal basic income will not work. I explain why here: https://steemit.com/politics/@ericarthurblair/universal-basic-income-slavery

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       7 years ago  

      Before the Industrial Revolution close to 99% of people were farmers. I can imagine someone back then telling: "Technology is replacing human labor, farmers cannot exchange their labor for money, UBI is a necessity". Yet here we are now, working billions of jobs not in existence back then.

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