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Basic income versus the robots

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By JohnLast 3043 days ago
http://www.newstatesman.com/economics/2013/06/basic-income-versus-robots

If automation does squeeze the labour market – even if it's just temporarily – then a basic income may be a good way to respond to it. That's especially the case if its implemented somewhat pre-emptively, avoiding the massive social upheaval caused during the last time technology disrupted the labour market this way: the industrial revolution. That only shook out fully once half the ruling class had been massacred in the First World War, and the Labour Party nationalised many of the companies owned by the other half.

More than being just an evergreen idea, a basic income is a policy whose time has definitely come.