Showing posts with label guaranteed. Show all posts
Showing posts with label guaranteed. Show all posts

Friday, December 6, 2013

A Guaranteed Annual Income


I have been thinking and reading about the implications of the coming robot revolution ever since I wrote my first post about it. The essence of that post is that artificial intelligence (AI) and robots have been steadily increasing in computational ability and they are about to put almost everyone out of work. In fact, some observers suggest that this is already happening: this is why the unemployment rate has stayed so stubbornly high in the last few years. There are economists who forecast 50 to 75 percent unemployment twenty years from now. What would this mean? How would people live without jobs?
Economist Paul Krugman wrote a column last summer called “Sympathy for the Luddites,” in which he suggests a basic income for everyone is the only solution.
This fall, activists in Switzerland collected enough signatures to bring a referendum to the ballot that calls for a minimum income for every citizen in the country. When the group brought the petitions to Parliament, they also brought a truck filled with 8 million coins, one for every Swiss citizen. If enacted, the measure would guarantee an income of about $2800 per month per citizen, regardless of any other income.

Business Insider published an interview with Daniel Straub, one of the people who initiated the Swiss referendum, and Straub linked the concept of a minimum income to the future of robots:
BI: Why choose a minimum income rather than, say, a higher minimum wage?
DS: A minimum wage reduces freedom — because it is an additional rule. It tries to fix a system that has been outdated for a while. It is time to partly disconnect human labor and income. We are living in a time where machines do a lot of the manual labor — that is great — we should be celebrating.
I agree with Straub that we should celebrate this—I imagine our robot future in a very positive way—but of course there are many dystopian views. I guess that’s not surprising in our culture, where the movie industry constantly pumps out films portraying a bleak future where the machines rule, the earth is devastated, and humankind fights for survival.