Re: [silk] The Need for Guaranteed Basic Income or why Kiran is worried sick

[Kiran K Karthikeyan]

On Tue, Mar 22, 2016 at 2:55 AM Bruce A. Metcalf 
wrote:


> 1. Make UBI work. The burden of ensuring that corporations pay
> sufficient tax to keep their nations populace alive will be great, but
> it's preferable to option 2. If done carefully, this will cushion the
> blow by increasing the cost of automation while lowering the salary
> demands of workers. It may well be that automation (and its associated
> taxation) will prove to have a higher cost than simply hiring humans.
>
> This is also important because even a fully automated business needs
> customers, especially in a consumer-driven economy like most of us
> occupy. Henry Ford was cited for paying his workers more than the
> prevailing wage so that they could afford to buy his products. Had he
> not lead the way to higher industrial wages, his enterprise would have
> foundered for lack of sales. Automated industry must similarly be
> concerned that even with their economies they do not price themselves
> above a falling market.
>

Assuming there is a straightforward way of figuring out the number of
humans needed to perform the same work at comparable quality and speed,
taxing your way out of this is an obvious solution. Might work for large
developed economies, but developing economies like India would find it
difficult to counter more advanced high quality products from developed
nations.

Wealth and income disparity in India is sustained primarily because of lack
of basic education in the masses, but I don't expect the next generation to
suffer the same handicap. So yes, pitchforks, lots of them.

Perhaps space colonisation might allow something similar to the social
stratification we have today because a lot of them might die on the trip
and sending the precious minds that can maintain such systems over the long
trip given the odds of survival might not make much sense. Perhaps getting
used to zero G and being able to subsist on freeze dried foods might be a
good skill to have - but mostly for the next generation. Those in their 20s
to 40s now are probably screwed, yours truly included.

Kiran
-- 
Regards,
Kiran

Re: [silk] The Need for Guaranteed Basic Income or why Kiran is worried sick

[Kiran K Karthikeyan]

On Tue, Mar 22, 2016 at 2:02 AM Kiran K Karthikeyan <
kiran.karthike...@gmail.com> wrote:

> Posting this [1] on the only place I know where there are better minds
> than mine who can tell me not to worry so I can sleep better at night.
>
> Kiran
>
> [1]
> https://medium.com/basic-income/deep-learning-is-going-to-teach-us-all-the-lesson-of-our-lives-jobs-are-for-machines-7c6442e37a49#.4mn452rn9
>
>

If we do beat this, an article I read a while back might point towards what
our future could look like.

https://medium.com/@RickWebb/the-economics-of-star-trek-29bab88d50#.lj3cdvr20


Kiran
-- 
Regards,
Kiran

[silk] Rép : moskywood?

[Dave Long]

At this rate, I expect to find russians shooting on location in  
Kerala any day now...


I might've had the wrong direction; am I correct in guessing that the  
following is set in Telangana?

http://fancyshot.com/leningrad-ueban/

-Dave