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RE: Elon Musk Foresees us Adopting Some Form of Universal Basic Income

in #basicincome4 years ago

Eh, i'm skeptical of the pessimism around automation. Given the historical record we should be biased positive that it'll continue enriching our lives and creating new industries:

https://steemit.com/economics/@finpunk/debunking-pessimism-about-automation-global-inequality-continues-to-collapse

It's possible we encounter some sort of "this time is different" scenario where AI starts doing all human work for us, but i'd imagine that'd also be accompanied by super abundance and then maybe UBI is trivial and ubiquitous...

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I can understand that side of the argument. I somewhat liken it to 'limited resources' in the sense that when one such resource runs out, we need to the find another to achieve the similar function. In this sense, it would be the creation of 'new sets of jobs' to replace the ones that were lost to automation.

While I can't say I know anything for sure, I do see the more exponential progress of technology possibly beginning to catch up with us. It very well just be a matter of retraining versus the jobs flat out being lost. It'll be interesting to see what occurs over the next handful of decades.

yeah we'll see. it's possible an AI singularity sort of thing completely outpaces our ability to reallocate the displaced, it just hasn't yet happened. all we have to go on so far with tech innovation is that it continually boosts productivity, wages, employment, creates new industries, etc. Possible that trend reverses, but i think it's more likely that people are overreacting and erroneously extrapolating :)

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