An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, July 2, 2019
Universal Basic Income - Life After Automation
A.I. is more efficient than generals commanding a war, more efficient than city traders, and can do much of what lawyers and accountants do. Everyone will be affected by A.I., except for builders, plumbers, and electricians - for now!
Automation is set to be one of the major issues facing humanity in the future. So how do we solve the problem? Andrew Yang has a decent proposition: Universal basic income. In this video, we check out the pros and cons of this future.
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