Daily Tao – Rise of the Robots: Technology and the Threat of a Jobless Future – 4

To round off the book, Martin Ford speaks about the threat of increasing unemployment and how this actually empowers corporations, who can easily switch between states or countries that offer them the best tax policies and subsidies.

One solution he speaks about is that of a Universal Basic Income. He believes that states/countries should set up their Sovereign Wealth Fund and use these proceeds to fund it. Such an idea should be worth testing out as human output continues to get more productive than ever.  Universal Basic Income can be set at extremely low levels, and we can use that to test out the impacts on employment and mental health on the populace.

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