DonFerrari said:
The invisible hand of the market would be more on the people discovering new needs of the market and entrepeneuring on it and opening new companies and those companies will end up employing the ones that didn't had the idea. The government paying UBI isn't invisible hand at all.
The economy will change, and yes some jobs or even most will be replaced... yet there have been more professions created in the last 10 years than in the previous centuries. I would guess we have gone from like 100 professions from like 10 mileniums to over 1000 in the last couple decades. just a small and quick source https://www.theguardian.com/business/2015/aug/17/technology-created-more-jobs-than-destroyed-140-years-data-census |
The concept of the Invisible Hand is the principle that people acting for the best of themselves often end up doing more good for society than someone with the goal of improving society. That's the idea anyway. It doesn't require a completely laissez faire market, and it can also count for voting for political actions such as UBI. But honestly, the entire concept of "an invisible hand" flies out the window once you accept that there is no such thing as true altruism anyway.
You are really overestimating the use of human labour in a world where computers are better at literally everything. Why on earth would an entrepreneur need people to do jobs when we are both horribly inefficient and expensive?
All the other times new technology has replaced human jobs, there has always been other tasks humans were still better at. There won't be this time. No point in sticking your head in the sand and pretend like it won't happen. If computers can literally think better than humans, what can a human offer compared to a computer?
