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

Anonymous Coward
Anonymous Coward

"True, technological progress can cause temporary unemployment. But a look at history will tell you that, unless we switch to another economic system, there is no reason to fear (or hope) that automation will put people out of work permanently".

Then how do you explain the fact that the unemployment rate in the USA is 23% and rising? http://www.shadowstats.com/article/c810x.pdf

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