Reply to post: Re: Nonsense from the first line

Basic income after automation? That’s not how capitalism works

Ed 13

Re: Nonsense from the first line

Indeed. The article's argument is from a very narrow perspective and I think misses a few other issues of Basic Income on a population level.

One of this is to consider its effect on publicly funded activities. It achieves a reduction in cost of these activities, as the employees minimum wage requirements are already covered, and the biggest cost of any activity is (almost always) the wage bill.

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