EXTREME POVERTY !! GOOD BYE AND GOOD RIDDANCE !!
Computers, robots, and artificial intelligence are displacing humans at a growing pace. People will always design business systems but there will be few jobs making or delivering. Caregivers of the young, old, and sick will be assisted by computers and robots. Construction will be automated and installed by robots directed by humans. Eventually, industry will need much less than half of our working-age population. When the majority is jobless, on what will it live?
Two answers are Universal Basic Income and Job Guarantee. The UBI is a debit card refilled monthly to supply necessities. The JG is a locally-managed employment agency that hires the jobless, even the partially disabled, and, after any necessary training, assigns them to local tasks requested by any government or qualified NPO. For both proposals, the usual fringe benefits comparable to industry would be provided. (Free healthcare for all would simplify the hiring process for industry as well.) Both programs would be financed by Congress, eliminating SNAP, unemployment benefits, and all similar spending.
The UBI would serve the fully disabled; the JG would pay workers some minimum wage. Thus, industry will lose its current reserve army of unemployed and gain a reserve army of employed possessing the dignity of work. Employers will attract JG workers with pay a step higher than the minimum wage and will raise current wages enough to maintain their staff but that’s normal for a booming economy. Price levels will rise with the minimum wage so the UBI and the JG wage may turn out to be skimpy. Most minimum wage workers look for better jobs.
The unemployed are already here and more are coming. Work awaits them, and federal money is always available. Yes, unions will complain when governments have JG workers filling potholes and NPOs are doing healthcare. Other problems not obvious now will arise but they will NOT include potholes or unemployment or extreme poverty. We will make adjustments, survive, and maybe thrive.
The majority will be jobless but will be educated and able to vote. As will their parents, relatives, and friends. UBI and JG are coming! Get used to the idea.
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