| ▲ | yardie 2 hours ago | |
It won't work because it's unnecessary. If these boneheads are right AI will drive the price of goods down. Price of labor goes down. It's deflationary. UBI is a backstop against inflation. And really just there so that rich people's money is worth something. | ||
| ▲ | hn_acc1 an hour ago | parent [-] | |
UBI can also be a backstop against deflation, can't it? If no one has income, it doesn't matter if bread costs $1 per loaf instead of $3-5 now - no one will be able to afford even $1 eventually, after they've sold their house at a loss, sold their car, sold their laptop, iphone, etc. | ||