LogFAQs > #954425919

SaltyAndSweet posted...

Solution: Universal Basic Income

Or just abolish money entirely and let a global resource distribution AI distribute goods and services as required.

GEKGanon posted...

You'd either have to have UBI, or businesses would have to intentionally refuse to automate work that could otherwise be automated.

The problem with the latter solution is that businesses generally are not going to sacrifice their own productivity for the sake of the general economy. Automating everything reduces the amount of money in circulation, but it also gives owners of individual businesses more money, so they generally aren't going to care and will instead hope that everyone else makes the necessary sacrifices to keep the economy running while they reap all of the benefits. So... capitalism as usual.

Basically, unless some sort of regulation is put in place to force companies to not automate a certain percentage of their workload (which is hardly ideal), the system won't self-correct.

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