What happens when increasing automation leads us to permanent structural unemployment?
How many years until Uber moves to self-driving cars and this entire article is meaningless?
The real minimum wage is $0: when you can't find a job.
I think arguing about the minimum wage is ''fighting the last war'' and not facing the real problems in the future that will force societies to evolve to survive.
> What happens when increasing automation leads us to permanent structural unemployment?
A social safety net funded by a tax on automation.
> I think arguing about the minimum wage is ''fighting the last war'' and not facing the real problems in the future that will force societies to evolve to survive.
We agree here. The real problem is, how will we equitably distribute productivity as automation continues to work itself up the stack? Allow the owners of automation and software to soak up the majority of income? Probably not. It'll either be basic income or guillotines.
How many years until Uber moves to self-driving cars and this entire article is meaningless?
The real minimum wage is $0: when you can't find a job.
I think arguing about the minimum wage is ''fighting the last war'' and not facing the real problems in the future that will force societies to evolve to survive.