The Cost of Living as an Alternative to Universal Income
The Cost of Living as an Alternative to Universal Income
H/T Gideon Rosenblatt
_...it's getting cheaper and cheaper to meet our basic needs.
Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero._
#economics #costofliving #futuretech
Originally shared by Gideon Rosenblatt
The Plummeting Cost of Living
As we think about a future where AI and automation puts increasing pressure on wages, people are starting to think about a Guaranteed Basic Income or a Negative Income Tax to compensate. I've had my doubts that we would be able to afford enough of an income for everyone to live comfortably.
What's important to remember is that the problem is only half about income. The other half of the problem is the cost of living. If that drops precipitously, the problem becomes much easier to solve. Peter H. Diamandis does a nice job in this piece in laying out how "demonetization" is likely to impact the major categories within our cost of living.
Might we really get to the point where the cost of living is dramatically less than it is today? And if so, what are the implications to the planet when the cost of consumption drops to virtually nothing? How do we make a shift like this without putting too much strain on our life-sustaining biosphere?
http://singularityhub.com/2016/07/18/why-the-cost-of-living-is-poised-to-plummet-in-the-next-20-years/
H/T Gideon Rosenblatt
_...it's getting cheaper and cheaper to meet our basic needs.
Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero._
#economics #costofliving #futuretech
Originally shared by Gideon Rosenblatt
The Plummeting Cost of Living
As we think about a future where AI and automation puts increasing pressure on wages, people are starting to think about a Guaranteed Basic Income or a Negative Income Tax to compensate. I've had my doubts that we would be able to afford enough of an income for everyone to live comfortably.
What's important to remember is that the problem is only half about income. The other half of the problem is the cost of living. If that drops precipitously, the problem becomes much easier to solve. Peter H. Diamandis does a nice job in this piece in laying out how "demonetization" is likely to impact the major categories within our cost of living.
Might we really get to the point where the cost of living is dramatically less than it is today? And if so, what are the implications to the planet when the cost of consumption drops to virtually nothing? How do we make a shift like this without putting too much strain on our life-sustaining biosphere?
http://singularityhub.com/2016/07/18/why-the-cost-of-living-is-poised-to-plummet-in-the-next-20-years/
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