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RE: Universal Basic Income is our future, at least according to Mark Zuckerberg

in #basicincome8 years ago (edited)

For a super majority of people, their only capital they own is their ability to work. When that ability to work is lost by injury or disease, society has decided to provide a safety net called welfare to assist these people. Now a new threat is starting to rise. This new threat is automation. Automation reduces the value of this "ability to work capital."

If with accelerating automation the value of this type of capital is significantly reduced. What kind of capital should we replace it with?