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Overwhelming Evidence that a ‘Guaranteed Basic Income’ Will Work

Tuesday, September 6, 2016 14:28
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(Before It's News)

September 7th, 2016

By Paul Buchheit

Guest writer for Wake Up World

We’ll have to do something drastically different to employ people in the future. Our jobs are disappearing.

The driverless vehicle is here, destined to eliminate millions of transport and taxi-driving positions. Car manufacturing is being done by 3-D printing. An entire building was erected in Dubai with a 3-D printer. Restaurants are being designed with no waitstaff or busboys, hotels with no desk clerks, bellhops or porters. Robot teachers are even interacting with students in Japan and the UK.

Basic Income Guarantee - A Surprisingly Cost-Effective Method for Eliminating Poverty

There are plenty of naysayers and skeptics, of course, who see no problem with these developments. The Atlanticproclaimed, “The job market defied doomsayers in those earlier times, and according to the most frequently reported jobs numbers, it has so far done the same in our own time.” But this is a different time, with no guarantees of future job revolutions, and in fact, this is a time of unprecedented machine intelligence that even threatens the livelihoods of doctors, teachers, accountants, architects, the clergy, consultants, and lawyers.

The fact is, most of our new jobs are being created in low-wageservice industries, including retail, personal health care and food service. The only one of the eight fastest-growing occupations that pays over $33,000 per year is nursing — and even nursing may give way to Robotic Nurse Assistants. And the evidence that jobs are being downsized keeps accumulating. A U.S. Mayors study found that ‘recovery’ jobs pay 23 percent less than the positions they replaced. The National Employment Law Projectestimates that low-wage jobs accounted for 22 percent of job losses but 44 percent of subsequent job gains. Business Insider, the Huffington Post and the Wall Street Journal all concur: the unemployment rate is remaining low because of increasingly low-paying jobs.

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