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Bill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad idea
(www.businessinsider.com)
this post was submitted on 23 Nov 2023
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It's not a bad idea, but it also can't exist without a complete re-haul of what it means to live in modern society. Right now, replacing workers and cutting hours means people don't have enough money to live. That is not an acceptable result of automation. I'm not qualified enough to have a reasonable solution to this, but I know it needs to be addressed before we get to that point.
Isn't this the primary argument for universal basic income? If you're keeping unnecessary jobs around just to give people something to do, you're not actually keeping them for contributions to society... In the long run ubi could probably even be cheaper than paying to prop up obsolete and wholly unnecessary industries.
If everyone gets UBI, I assume it is still optional to work. Otherwise no one would produce goods and services that we consume in order to live. Or at least fixing the robots.
I assume the incentive for that is additional income.
Wouldn’t this then create an even larger gap in income inequality? And further dilute the spending power of those who are only able to collect UBI?
It would, yes. But, the argument is that a person who wants a higher quality of life than "simply living" would be expected to work.
The right to life is, this way, protected - the right to a quality life, similar to today, would still have to be earned. This is in addition to the social pressure to work.
Also, one idea is that UBI would give people the financial space to pursue their own interests which in turn could easily --at least in some cases-- be turned into productive businesses of their own.
The machine doesn't require a salary but instead of sending the money it saves to the workers it replaces it is added to the yearly profits, a three day work week with more automatisation can't happen before that last part is reversed or there's extreme deflation happening to compensate for lower wages.
Look at this guy who doesn’t have billions he made from the 90s and 2000s to rely on!
I do wonder if this is even a money thing as even OpenAI has warned investors that money in the future is not certain. Maybe we are going to be forced to look to alternatives other than money as the means of value?
Let's just keep doing what we're doing now