Silicon Valley's push for universal basic income is -- surprise! -- totally self-serving
Just a year ago, proposing a concept like universal basic income could practically get me laughed off the stage at a tech industry conference. The idea that everyone should be guaranteed a minimum subsidy from the government seemed to go against every fundamental tenet of creative destruction: Don't reward the obsolete! If workers lose their jobs to automation, retrain them for new ones! From the perspective of Silicon Valley's executives, only a hippie or communist would suggest that people be given a livable wage simply for being alive. But to me, having just published a book about the lopsided returns of the digital economy, universal basic income seemed an obvious solution to a problem first posed in the 1950s by the inventor of cybernetics, Norbert Wiener: What would happen when robots could till the fields, rendering human labor obsolete?
Jul-21-2017, 11:55:10 GMT
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