“WASHINGTON — Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.” http://www.huffingtonpost.com/2013/07/28/poverty-unemployment-rates_n_3666594.html
Related: somewhere recently I was reading an article about how one scenario of a “good society” would be that as technology is taking away opportunities for paid work (electronic , perhaps a huge percentage of people would have to essentially be on welfare, but that would be ok, and people would pursue hobbies, artistic, creative endeavors, but not with the expectation that it would lead to enough money to live on.**
I guess this is not that different than all the “future studies” books from the past that expected ever-shortening work weeks and increased leisure due to technology/efficiency increases.
I assume the reality is that a lot of these gains have gone towards the 1%. But I wonder how much. Perhaps a lot has probably also gone to us wasting our money on stupid consumer junk too.
“In simple terms, if owners of capital are capturing an increasing fraction of national income, then that capital needs to be shared more widely if we want to maintain a middle-class society. Somehow—and I’m afraid a bit of vagueness is inevitable here—an increasing share of corporate equity will need to be divvied up among the entire population as workers are slowly but surely stripped of their human capital. Perhaps everyone will be guaranteed ownership of a few robots, or some share of robot production of goods and services.”
Apparently, this is called a “universal basic income” and people really do think about this…
FRIDAY, OCT 11, 2013 07:44 AM EDT
Rather than savage cuts, Switzerland considers “Star Trek” economics
Switzerland will vote on giving every adult in the country a $2,800 check every month. How would that work?