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Cutting the Gordian Knot of Technological Unemployment


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This presentation was created by basic income advocate Scott Santens for his keynote at Oredev 2017.


Cutting the Gordian Knot of Technological Unemployment

  1. 1. Cutting the Gordian Knot of Technological Unemployment Scott Santens @scottsantens Øredev 2017
  2. 2. Clip from “2001: A Space Odyssey”. Metro Goldwyn-Mayer (MGM), 1968.
  3. 3. “The Dawn of Man” Illustration by Jigsawlacrimosa
  4. 4. Three Potential Solutions OMake stuff free OProvide everyone a job OProvide everyone money
  5. 5. The Rise of Rig Automation
  6. 6. Source: David Autor, MIT
  7. 7. Source: Branko Milanovic, CUNY
  8. 8. “Automation, robots and artificial intelligence are having an arguably transformative effect on labor markets in the United States and perhaps in many other advanced economies. Robots, in particular industrial robots, are anticipated to spread rapidly in the next several decades and assume tasks previously performed by labor. These momentous changes are accompanied by concerns about the future of jobs and wages… According to our estimates, one more robot per thousand workers reduces the employment to population ratio by about 0.18-0.34 percentage points and wages by 0.25-0.5 percent.” -Daron Acemoglu, MIT and Pascual Restrepo, Boston University
  9. 9. Peak US Labor: 2000 Source: Bill Gross, Janus Capital
  10. 10. Before
  11. 11. After
  12. 12. Once a family earns around $50,000 per year, more money doesn’t mean all that much in regards to cortical surface area. Earning less than $50,000 means less and less cortical surface area, with the effect becoming exponentially worse below the poverty level.
  13. 13. Observed UBI Effects O Crime went down 42% and illegal hunting aka poaching went down 95% O Hospitalization rates decreased 8.5% O Birth weights improved due to better maternal nutrition O Consumption of fresh fruits and vegetables went up O Consumption of alcohol and other temptation goods went down O Child personalities improved such that kids were more honest and worked better together O School attendance increased and grades improved O Teen pregnancy rates went down O Frequency of people being personally offended by each other went down O Trust increased O Savings went up and debt went down O Entrepreneurship quadrupled in one place and was three times higher than control groups in another O Recipients worked more hours and earned more additional income O Disproportionately positive effects overall were seen among women, the elderly, and the disabled
  14. 14. Maslow’s Hierarchy of Needs
  15. 15. Thomas Paine, 1796 “It is a position not to be controverted, that the earth, in its natural, uncultivated state was, and ever would have continued to be, the common property of the human race… it is the value of the improvement, only, and not the earth itself, that is in individual property. Every proprietor, therefore, of cultivated lands, owes to the community a ground-rent (for I know of no better term to express the idea) for the land which he holds; and it is from this ground-rent that the fund proposed in this plan is to issue… Payments, should be made to every person, rich or poor because it is in lieu of the natural inheritance, which, as a right, belongs to every man, over and above the property he may have created, or inherited from those who did.”
  16. 16. UBI-Inspired Cryptocurrencies O Grantcoin (relaunched as Manna) O Circles O Duniter O UBU O Viva O Cicada O Swift O Vialcoin O Musicoin O Yours..?
  17. 17.