The case for universal basic income is linked here to a future in which automated factories, mines and large plants no longer provide mass employment. The recording's assessment is that the economy has not yet reached that condition. If ordinary work became much scarcer, more people would need to establish themselves in creative activities or other new occupations. Those careers can take longer to support someone financially. The proposal therefore connects income support to a particular employment scenario, without supplying a forecast date or a costed scheme.
Notable Point · 2:46:47-2:47:48
When automation could change the case for universal basic income
A conditional argument connects universal basic income to the loss of mass employment and the time required to establish a different kind of working life.