the cycle

the cycle

[Martin Ford explains the need for basic income on MSNBC's The Cycle]

1w ago
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[Author of "Rise of the Robots", Martin Ford, on how machines are no longer just replacing muscle power but also brain power and how this has major economic implications that will require basic income in the near future. "We can move toward a future where robots and machines do a lot more of the work that people don't want to do, but the problem is really going to be a distribution issue. It's going to be about income. People need a job in order to generate an income in order to survive in the economy and also to participate in the market and be consumers and buy the things that are produced and that's the problem that we're really going to run into first." "The conventional view is that it's always about education, and as you say, there are only so many of those jobs. The other thing is that the machines and algorithms are coming for a lot of those jobs. We're already seeing a lot of white-collar type jobs being impacted. So I don't think education is going to be the answer in the long term. What I propose, and I'm not the first one to propose this, is we're going to have to move toward some sort of a guaranteed income, or basic income, and that in the context of today's politics, that's very radical. People will call it socialism, but in fact, it's not. It's an idea that in the past has been supported by a lot of conservatives." For more information, visit the basic income community on Reddit: http://www.reddit.com/r/BasicIncome/wiki Take action: http://basicincomeaction.org Support my basic income advocacy via Patreon: http://patreon.com/scottsantens]