SOSC 1510 Lecture 20: Automation and a basic income

93 views1 pages

Document Summary

Automation: it"s a variation on an old theme. New technologies = higher productivity = lower unit costs = lower prices = increase in sales = greater demand = produce more (hire more workers) Automation impacts: job reconfiguration and job polarization. Underutilized potential (low wages hold full automation back) The fight over working time and its disappearance. The rise of the right to work. Universal (unconditional) basic income (ubi): an income paid to all individuals (funded through general taxation) Everyone receives it (without work obligation, irrespective of other paid income) Unconditional, no one applies or must meet any eligibility requirements (no means test, no virtue stipulation) It"s set a meaningful level (saying no is a real possibility. It could substantially reduce poverty without the stigma of means-tested programs. It turns productivity into leisure rather than unemployment. Redefining work and labour (toward the former, away from the latter) A step forward: no panacea, but toward somewhere better.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers