Monday, April 23, 2018

Why Tech May Usher in The Universal Basic Income, and Why It's Really Pro Business

In the movie Jurassic Park, perhaps the most famous line is that “nature will find a way.” It might just as accurately be said today, that technology will find a way.

Think about where we are. Fear of Facebook, the attacks on Amazon, the opioid crisis, and the kind of mini “techlash” we’re going through and the anger of a great many voters in former manufacturing hubs like Michigan, Pennsylvania or Wisconsin. It all stems from the degree to which technology is displacing almost every aspect of society. And if this is where we are now, just wait until it really kicks in.

Then, maybe the idea of a Universal Basic Income, may finally come into its own. Not as a form of welfare, but as a pro growth, pro business policy.

To help understand this, Andrew Yang spells it all out in The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future.

My WhoWhatWhy.org conversation with Andrew Yang: