From Justin Miller:
According to the White House’s Council of Economic Advisors,83 percent of the jobs paying less than $20 an hour are projected to be impacted by automation…
All this is giving rise to the call for a universal basic income (UBI)—that is, a policy under which the government will provide everyone with a paycheck whether they work or not.
I still support a UBI, but the deindustrial fiction of John Michael Greer has caused me to understand that “progress is the enemy of prosperity.”
Commodity costs approaching zero aren’t wise if they beggar my neighbor.