alt Hacker NewsHow do you envision that playing out? It would basically be like everyone that didn’t still have a job living off minimum wage. Would no one be allowed to work also?
How do you envision that playing out? It would basically be like everyone that didn’t still have a job living off minimum wage. Would no one be allowed to work also?
So I would envision that, as AI starts to makes jobs obsolete, the people whose jobs were made obsolete, would get some sort of balanced percentage of what they were making. The more they were making the lower the percentage would be. But it would balance to around median/average, so if you were making current median, this is around what you would still get. So it should not go under that. If you were making 3x median, maybe it would be 80% - 90% of that. To be able to still incentivise automation, but keep people's quality of life without drastic changes. I haven't thought this through, so these are just initial ideas. But main ideas would be to keep income level similar, while trying to find them other things to do.
Initially they would get it under some conditions that they might be studying something else or whatever else makes sense productivity wise. Ultimately not minimum wage.
Depending on how fast AI would automate things, the balance should change, but ultimately income should provide similar quality of life as was before, but increasing as time goes on for the less fortunate who were making less before.
So if someone who is making 3x median now, they might be getting 2.3x while doing nothing, and 2.7x while learning/doing something else productive. Someone who was making 1x median, would still get 1x median, but as AI produced value increases and more replacement happens, the 1x should climb and eventually e.g. in 10 years everyone's would equalize in such a way that no one's quality of life due to job displacement shouldn't suffer, but who previously had lower income would reach similar levels of income gradually as all jobs are replaced.
And you would be allowed to work or switch work if you wanted, but there would be some sort of formula for decreasing what you get, while still incentivising you to work if you want to. E.g. if you were making 3x being a software engineer and want to take up hand crafting something or construction, you could but, you might be maxed at getting total of what you were making before, so construction + bonus could make up to only 3x.