TemetN t1_izcbxkm wrote
Messily. Based on previous economic crises I expect politicians to run around like headless chickens in response to the cratering labor force participation rate before eventually implementing UBI to handle the transition.
asschaos OP t1_izccc92 wrote
I think you're right. The politicians, and the government, will not know what to do. Regulators around the world are already struggling to figure out how to regulate artificial intelligence. When unemployment is 30% and rising, and economic growth has stopped, and masses of people in poverty who have no purpose other than their job, the governments of the world will almost certainly collapse too.
TemetN t1_izcgvck wrote
That seems very dubious. Why in the world would the government collapse? It isn't in keeping in any way with either previous behavior or any of the implications of the situation. If anything, even in regards to concern over results you are likely looking at the opposite of what you might want to be concerned about (there's a reason for the sayings about government increases in authority during crisis). More practically it's likely they'll be rather useless until they gradually fumble their way to things that work.
ChurchOfTheHolyGays t1_izdklxj wrote
Always good to remember UBI needs to be accompanied by universal wealth limit. Limit the low end and limit the high end. Otherwise regulatory capture and consolidation all over again (all UBIs flow to the corporations as you spend to survive, prices increase just enough to avoid UBI being enough to save money).
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