Quote:
Originally Posted by iggy_oi
This is why how this is implemented is very important. Automation and outsourcing combined with an increasing population size will make the job market very difficult in the future. The money to fund a guaranteed basic income will need to come from somewhere. As the labour pool decreases, more of that funding will either come from businesses or those who are still employed.
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Correct, as automation cuts deep swathes through labour needs, business will need to step up to the plate and contribute to basic income. At some point there won't be enough spending power to fuel our economy, and businesses themselves will need to essentially foster and grow consumers just to have people to sell to.
I don't know exactly how that will work. I suspect there will be something like vouchers or contracts, probably bundled, where a person may opt for $100/mo from Walmart, $150/mo from Amazon, etc. Big producers and retailers will rely on this mass-consumer voucher model, while local boutique shops and services will be patronized by people who have well-paying jobs.