andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2017-08-31 12:00 pm
danieldwilliam: (Default)

Re: Pulling up the ladder

[personal profile] danieldwilliam 2017-08-31 02:31 pm (UTC)(link)
You have.

I have mixed feelings about basic income. On one hand I think it's diffcult to implement until after we have widespread practical general robotics and machine intelligence and the massive deflation in the cost of goods and services that come with that. I think the amount of basic income that our fiscal systems can afford at the moment is probably insufficient for anyone to live an adequate life on. On the other hand, a basic income or something very much like it (such as most people retiring on a good pension at 40) is probably the best long-term outcome to steer towards.

On the third hand I'm mindful of the lump of labour fallacy and the likelihood that as goods and services decline in cost this extra income creates new job opportunities at higher wages. And this interacts with things like reservations wages, savings rates and returns on capital (and therefore may turn out to promote lots of people to give up paid work early and draw a pension - which looks a lot like a basic income.)

In any event I fear that an ilitterate Bangladeshi subsistance farmer who never even got the chance to work in a sweatshop is going to have a hard time arguing her case for inclusion in the grand cornucopia of robot wealth.

Or rather a fairly straightforward case, just a hard time getting anyone with access to robots to care.

Or maybe not, maybe some combination of Comic Relief and Bill Gates will lend her the money to buy some robots.

The Marxist in me says to watch our for widespread changes in politics and law and cultural norms as the mode of production starts to change