The looming problem of Automation

meno (73)in #palnet • 5 years ago (edited)

A reflection on the looming problem of automation, job displacement, and the shortcomings of our current economic systems.

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5 years ago in #palnet by meno (73)

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felander (71) 5 years ago

deep thoughts as usual @meno...

UBI will be there but will take a while.
People that are also sitting outside of the crypto scene will miss out a lot as well.
And counting on politics to solve the situation will indeed not work. They count on the system to stay in power and are not looking forward longterm. They are looking short term because that gets you re-elected

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edicted (72) 5 years ago

I've been randomly watching the democratic debates recently...
they're always like,

"Job jobs jobs! I'm going to create more jobs!

Not a single one of them gives any indication of how that would happen... or if they do it's along the lines of stopping the outsourcing we're doing to other countries. Spoiler alert: a lot of those jobs aren't that great.

The best way to create jobs is to utilize the inefficiency caused by decentralization. Decentralization creates trust at the cost of efficiency. This is actually exactly what the economy needs right now. We no longer need to be efficient. We need trust. Desperately.

More than trust, we need the ability for low level workers to own a piece of the greater whole, without those gains being inflated away by a central authority. This should be an automatic process rather than one citizens have to opt in to (like buying and holding stock options). This way even if the citizen is terrible with money they're still taken care of.

UBI is very dangerous, especially in America, because we foster a gluttonous social construct that glorifies wealth and extravagance. UBI doesn't work if citizens aren't going to spend their money intelligently. What you end up with is a lot of misallocated resources.

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