A $1,000 per month cash handout would grow the U.S economy by $2.5 trillion, new study says

[TallSilhouette]

Ka-pi96 said:

TallSilhouette said:
I'm very curious what alternatives the naysayers in this thread propose when nearly half the jobs are lost to automation within 20 years (unemployment during the Great Depression peaked at ~25%, for reference). What should we do when millions and millions of people are downright unemployable through no fault of their own? Just say "you're on your own" and let them die?

Companies will create new jobs, they need people to have money to buy their products, that's how capitalism works.

I've even seen it in action. People who's job is to press elevator buttons and announce which floor it has stopped at... one of the most pointless jobs ever, yet it exists.

Do you really think enough new jobs will be created to compensate for the tens/hundreds of millions lost? What innovation is going to spark this boom? Cuz unlike previous industrial revolutions' ability to enhance human input, the autonomous revolution is all about replacing it. The number of jobs created making, maintaining, and updating these machines pales in comparison to all of the jobs in numerous fields that these machines will eliminate. Is the answer just 'make-work' like that mindless elevator operator, then? Is that progress?