r/BasicIncome

▲ 76 r/BasicIncome+1 crossposts

Now is the time to introduce UBI

Jobs are being replaced by AI at an accelerating rate, and people have nowhere to go to earn income. Monetary flows are still massive, but they just don't reach the people at the bottom. I think UBI is very appropriate in this situation. Or who will buy the groceries?

But in all seriousness, we are moving towards ab economy where UBI will be real because AI and robots handle all the low level tasks, so UBI can be distributed in the form of a small amount of necessary goods such as food, basic supplies etc. So we can start slowly testing the waters and now seems to be a good time.

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u/Longjumping-Ad5084 — 4 days ago
▲ 29 r/BasicIncome+1 crossposts

Where will the money to buy stuff come from in the future?

AI automates work, thus taking jobs. 70% of the us economy is consumer driven.

When people have less jobs, where will they get money to support that economy? UBI is not going to replace at least 80k median hh income in the US, because where would the government get that money from to fund UBI?

Any Trillionaire / billionaire saying that things will be so abundent in the future that we won't have to work is trying to sell us a future where they own everything.

Someone please explain where the money will come from in the future

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u/Parking-Banana-212 — 4 days ago

The "invisible tax" is getting heavier. While corporate profits soar, real wages are struggling to keep up with essential goods like housing and food. How are you adapting? [r/Economics] [r/Politics] #Inflation #WageGap #CostOfLiving

From grocery store receipts to rent payments, the global cost of living crisis is squeezing households. While productivity has risen, real wage growth for many sectors has stagnated for decades, making the current inflationary spike feel doubly painful. The gap between what people earn and what they must spend on basics is the central economic challenge of 2024.

u/Economy_Bath1686 — 11 days ago