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No, all you need are cheap robots to get past that local maxima. The point of UBI is to ensure people don't become destitute when we reach that point.


Robotic automation of any sort doesn't occur in a vacuum.

If 50% of the jobs in a field are automated, in the near term you still have 100% of the former labor looking for that job, pushing salaries down towards their minimum, thereby reducing the cost effectiveness of further automation.


Though of course (without passing a value judgment on such policies) minimum wages set an artificial lower bound on the cost of human labor here, and this kind of low-skill work is inexpensive enough that hitting that bound is likely (vs., say, automating legal work), especially as minimum wages rise. For some industries getting to the point that near-100% automation is cheaper than $15/hour for humans is totally plausible to me.


Exactly. The differences between minimum wage and UBI is fascinating, but I didn't want to bring it up above.

To me, minimum wage says "if you work, then you should at least able to support yourself on your income$." UBI+ says "if you work, you must find greater fulfillment than mere sustenance in your work."

Personally, I can't see minimum wage applying to anyone receiving UBI. Although it might make sense to have a "less than minimum wage" tax that helps fund the UBI directly.

$ Abstracting away actual amounts and whether or not they're enough

+ Market adjustments aside


At the same time, an UBI will make it so people still don't care to perform certain below-current-minimum-wage jobs. E.g. if I were on UBI, and I effectively earned $15/hour through it, I still wouldn't bother looking at jobs unless they paid, say, $5/hour or more.


I think that's one of the most fascinating questions about UBI though. Hypothetically, if you had UBI and were content at that level of consumption, what would you do? If I absolutely loved animals, I can certainly see working in a pet store for $2/hr or a pittance.




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