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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
by yardie 2mo 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 2mo agoUBI 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.