When people say where will the money come from are missing what automation will do.
If automation reduces the need for humans in certain jobs it creates surplus.
This surplus could pay everyone who was automated (the cost of the automation absorbs some of the automated people with new jobs automating things) their same wage to do nothing if the cost of goods remained constant. Historically this surplus has been split between workers, profits, and lower prices rather than to the unemployed automated person.
Automation is deflationary so giving this money in some kind of UBI in itself does not cause inflation.
Last edited by GGG; 07-12-2018 at 07:08 PM.
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