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UBI Is the Answer?

Cullen Roche's thread on UBI and automation paints a picture of the 'Keynesian Leisure economy'—where we become temporally and monetarily wealthier but socially poorer, with massive disparities in relative leisure.

We will become wealthier in temporal/monetary terms than ever and we will become socially poorer.

UBI is the answer? Cullen Roche’s thread:

“Nah. It’s the Keynesian Utopia. The value of labor will fall, but productivity will increase. And we will spend less time working because so much of it will become automated. A UBI will expand and the economy turns increasingly into the Keynesian Leisure economy.

Footnote: The disparity in relative “leisure” will expand massively which will also exacerbate the mental health crisis and wealth inequality we are already experiencing. So we will become wealthier in temporal/monetary terms than ever and we will become socially poorer. ¯\(ツ)/¯”

Read the original on Twitter/X →