Submitted by blueSGL t3_10gg9d8 in singularity
RabidHexley t1_j56s60f wrote
Reply to comment by dasnihil in I was wrong about metaculus, (and the AGI predicted date has dropped again, now at may 2027) by blueSGL
> that kind of ask will take at least a 100 years to be implemented on our society. this is a big change.
I personally have come around to the thought that something like UBI being implemented due to automation won't be from compassionate, socialist ideals, but simply because it will become necessary for capitalism to continue functioning.
Reaching a point where you can produce arbitrary amounts of goods without needing to pay nearly anyone across numerous economic sectors is a recipe for rapid deflation. UBI would become one of the only practical methods of keeping the wheels turning and the money flowing.
Maybe after years of it being the norm it would lead to a cultural shift towards some sort of a properly egalitarian society, but it would start because hyper-efficiency resulting in economic collapse isn't good for anyone including the wealthy.
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