alt Hacker NewsThe likely outcome is that 99.99% of humanity lives a basic subsistence lifestyle ("UBI") and the elite and privileged few metaphorically (and somewhat literally) ascend to the heavens. Around half the planet already lives on <= $7/day. Prepare to join them.
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AlexCoventry • yesterday at 8:15 PM
FWIW, you'd probably be able to buy a lot of goods and services for $7/day, if robots were doing literally all the work.
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I don't understand. In this hypothesis, in the elite's view, what is the purpose of the rest of society? If everyone has little to no productive output, why would they support us with a UBI? They could just hire whatever human skeleton crew they'd need to sustain their activities (if needed). The rest of humanity could be either mercifully left alone with absolutely nothing, or annihilated.