After Your Job Is Gone
1st June 2013
It’s always hard to say whether economic changes are cyclical or structural, but I think it’s fair to say that there’s a slowly accumulating consensus that technology is now destroying jobs faster than it’s creating them, and that the resulting two-track economy is here to stay…and growing steadily more disparate.
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In other words, the US government is already quietly paying a significant fraction of the American population not to work. If jobs keep disappearing, while the overall wealth of America and the world keeps increasing, then we can expect initiatives like that to keep expanding. George Monbiot is the latest to propose a basic income, which “gives everyone, rich and poor, without means-testing or conditions, a guaranteed sum every week.”
I’m just a little ray of sunshine today, am I not?