Economics
START-UP: uNIVERSAL BASIC INCOME
Human workers being replaced by machines is a serious concern with effects beyond job loss. Our economy is shrinking as automation increases. Corporations need to consider who will buy their products if people are laid off. There is a solution: understanding the production parabola and its opportunities.
- What is the Production Parabola?
- Where are we on the Production Parabola?
- What Opportunities exist?
- Legislation for UBI Progress Dollars
- Implementation Guidelines
- Universal Basic Income (UBI)
Implementing Progress Dollars is key for maximizing UBI. As technology advances, UBI will increase without causing significant inflation or raising taxes.
About The author
Don Soards
Don Soards offers an insightful engineer’s perspective on the necessity of funding customers through Universal Basic Income (UBI) in the age of labor-saving technology. He argues that as automation and technological advancements reduce the need for human labor, it becomes essential to provide financial support to individuals. This support ensures that people have the means to purchase goods and services, thereby sustaining the economy and preventing a decline in consumer demand.
Soards emphasizes that UBI is not just a social safety net but a strategic economic measure. By distributing Progress Dollars, which rise with technological advancements, we can ensure that the benefits of automation are shared broadly. This approach prevents significant inflation and avoids raising taxes on citizens, making it a practical solution for maintaining economic stability and promoting social equity. In summary, Don Soards advocates for UBI as a crucial response to the challenges posed by labor-saving technology, ensuring that economic progress benefits everyone.
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