New on Medium: "The Real Story of Automation Beginning with One Simple Chart"

Technological unemployment is hiding in plain sight

I've just published a new feature-length article on Medium centered around the chart below.

Like my blog? Please subscribe and also consider . . .

Posted in: automationmedium

October 24, 2017

Unconditional Basic Income is a Pigovian Subsidy for Unpaid Work

There's something about unpaid work that I've never actually seen discussed, and that's the cost of the work that's paid...

Take for example the amount of unpaid care work in the US that's estimated as being around $700 billion per year (and mostly done by women). That's an invisible work force . . . Read More October 05, 2017 Stop Teaching Students WHAT to Think. Teach Them HOW to Think. The future of education and work For more than a century, we've been creating an industrial workforce of human automatons, built for the purpose of performing routine labor not yet doable by machines. And we've been operating with the mindset that we should teach students the same way we program actual machines. In the 20th century, schooling became a process of . . . Read More September 30, 2017 The Expanse's Basic Support vs. Basic Income How not to meet humanity's basic needs in our automated future The Expanse is a series of science fiction novels that is also now a TV series with two seasons available to watch so far. In this universe, in the not too distant future, humanity has moved beyond Earth to extend its reach throughout the entire solar system. Mars is an independent military power, asteroids and various moons . . . Read More September 22, 2017 If you think basic income is "free money" or socialism, think again First, saying basic income is socialism is as absurd as saying money is socialism. It's money. It's all it is. What do people do with money? They use it in markets. In other words, basic income is fuel for markets. Markets are a wonderful invention that serve to calculate via a massively distributed computer comprised of . . . Read More August 31, 2017 For Want of a Dollar The consequences of our lack of basic income For want of a nail the shoe was lost. For want of a shoe the horse was lost. For want of a horse the rider was lost. For want of a rider the message was lost. For want of a message the battle was lost. For want of a battle the kingdom was lost. And all for the want of a horseshoe nail. For those . . . Read More August 23, 2017 The Cost of Universal Basic Income is the Net Transfer Amount, Not the Gross Price Tag Why every estimate of UBI that simply multiplies the number of recipients by the amount received is simply wrong Imagine a group of 5 people. They have an income distribution of$10, $20,$30, $50, and$100. Someone gets the BIG idea of everyone putting 40% of their money into a hat, and dividing the result equitably between everyone.

That means $4,$8, $12,$20, and $40 goes into the hat. That's$84 which when divided by 5 is \$16.80.

. . .

Posted in: cost

July 07, 2017