Universal Basic Income - if you want that you damn well better build one helluva wall because everyone in the world will want to come here.
What successful financial model will this oncoming socialist state base itself upon, because I don't see one.
Suppose there really does come a day where automation takes a significant number of jobs away. What are the people with no jobs going to do?
Try and make money in other ways? Have some fun? People (until the latest generation) are not wired to sit around and do nothing. [ETA: kill each other!]
Having fun costs money most of the time. But there aren't enough fun venues to handle this huge new crowd of non-workers. We'll need more fun venues which equals more jobs (assumes people will still go outside at all). Maybe restaurants, theaters, casinos. Even if most of these jobs are also automated someone still has to build, own and maintain the business.
It may not be profitable or practical to automate many things, even if it's possible. I still prefer talking to a cashier at the store.
Maybe we will have more small business owners. Business owners who work and make money and don't require the basic income.
We've been automating industry for a very long time and we still have plenty of jobs. Yes, one day one person could build a machine that can build anything and everything and fix itself forever, but that doesn't mean people can't try and make money somehow.
If automation does take over then I'm for killing off people until we reach a perfect jobs:humans ratio. Hell I'm for it now! Stupid people first.
I totally don't know what I'm talking about, but my beer seems to.
I guess I'm kidding about the "killing people" thing, but catch me on the right day...