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yup...wikipedia is such a fine resource.
you solved the problem then...it works JUST fine..
doesn't it?

The point is that most people's visceral reaction that giving everyone money will cause a massive productivity loss and create dependency is not borne out by what little evidence there it's on the subject.

productivity loss is not the issue.
all production will be automated.

He's saying that people won't stop being Productive and quite the opposite.