President Obama hints at supporting unconditional free money because of a looming robot takeover

In an interview with Bloomberg Businessweek, President Obama was asked directly about his feelings on basic income, a system of wealth distribution in which people receive a monthly check on top of their existing income to help cover expenses, thereby strengthening the social safety net.
Obama’s response: Job automation is getting too sophisticated not to at least consider it.

“The way I describe it is that, because of automation, because of globalization, we’re going to have to examine the social compact, the same way we did early in the 19th century and then again during and after the Great Depression,” he told Bloomberg. “The notion of a 40-hour workweek, a minimum wage, child labour laws, etc. — those will have to be updated for these new realities.”

In his February economic report to Congress, the president offered data that showed a high probability of automation replacing the lowest-paid workers: those manning the deep fryers, call centres, and supermarket cash registers.

Other evidence is just as damning for the low-wage American worker. A 2013 Oxford report, for example, found automation could replace 50% of all jobs within the next 20 to 30 years. A McKinsey report released last year even suggested today’s technology could feasibly replace 45% of jobs right now.

Other urls found in this thread:

en.wikipedia.org/wiki/Butlerian_Jihad
en.wikipedia.org/wiki/Basic_income_pilots
youtube.com/watch?v=4hLXOVCZr-8
twitter.com/AnonBabble

Economists and entrepreneurs alike have started turning toward basic income as a way to avoid that looming unemployment crisis. Now Obama seems to be leaning in the same direction.

“If we’re smart right now, then we build ourselves a runway to make that transition less abrupt, because we’re still growing, and we’re beating the competition around the world,” he told Bloomberg.

He pointed to the advent of driverless cars as one sign that disruption is knocking on the auto industry’s door. People who work for companies like Lyft and Uber will soon have to face a reality where may no longer have jobs. Multiplied out across many industries, basic income advocates argue, the simpler solution might just be to give people money regardless if they work or not.

>Obama’s response: Job automation is getting too sophisticated not to at least consider it.

There's nothing controversial about this. Anyone that knows anything about the reality of AI and future job automation and human unemployment knows this already.

That nigger is just going to give it to the dindus.

Nah everybody would get it

>unconditional

It won't be unconditional. You'll only be able to buy what they allow you to buy. Economic freedom will be non-existent.

This would just inflate the prices of everything to where the income would moot. Do you even Econ 101 Mr. Nigger?

Once automation starts to take over all low skilled jobs, I would support a basic income. Maybe about 1500 a month. That is all though. Just enough to live a humble life.

Then once Automation takes upper level jobs, a greater basic income, maybe of as much as 100k a year.

I am a communist in an automated utopia, a capitalist in our current reality.

>just be to give people money regardless if they work or not
That's what a basic income has to be, otherwise it is unfair. If I make 500 dollars every paycheck, and someone who isn't working makes 600 dollars every paycheck, I'd just quit my job. There has to be some incentive to get a real job.

>tfw Neets were right all along
>the entire world gets UBE
>America is the last hold out, BBUBBUBUBUT OUR RIGHTS SMALL GOVERNMENT JHGUAARAHHH
>meanwhile i am literally shitposting from the chinese lunar base.

Say it together with me; WRONG, SIDE, OF, HISTORY.

Part of basic income is the money supply does not increase, which is the cause of inflation. Do YOU even econ 101?

I already see the future at my current job. I work at an auto parts manufacturer if you look at our prototyping area all the parts are hand made by skilled techs Mostly older guys. They told me that the whole plant used to be all hand done and it took skilled workers to make good parts. Now most of the plant is fully automated almost all of the jobs are placing unfinished castings into milling machines and waiting until done. I can easily see were a robot arm can replace 90% of the employees.

It doesnt take a genius to figure out that allot of the everyday jobs can be replaced with technology we already have. I dont know why gas stations arnt just pay at the pump and a huge vending machine.

The future unemployment crisis is going to be rough unless something is figured out.

I am actually not opposed to this. There is going to be so much turn over in the near future, humans will not be able to train fast enough for new employment once made obsolete in their current employment.

The question is what to do in the long term.

Birth rates are near nothing, but with free cash A) demand for cash will sort of plummet, where entrepreneurs don't give a shit about automating because the money they would get would be garbage before long and B) simply keeping most of today's generations alive sufficiently works only in so far as they don't reproduce.

So in the former we basically need an entirely new economic/incentive structure, or else 1500 a month won't cut it in the next year.

In the latter, the question is what means do we have to limit pregnancies that doesn't revolve around abortion, or sterilization? Why those? Because I said so, basically, but mostly because if we're going that far might as well just cull the herds instead of bothering to fuck with the economic system.

Third options exist. I just don't know if we can see far enough to really predict just how ridiculous the coming technological revolution is going to be, or whether or not it is even going to happen in the next year or two, and not 5-10 years out.

What's the alternative?

An almost completely automated distant future isn't that impossible. AI / smart machines manage, create, innovate. "Dumb machines" mine, transport, serve, repair, etc. What is left for humans to do when machines can do literally anything that people typically do for income?

This will never happen.

>because of automation, because of globalization, we’re going to have to examine the social compact

aka we're working at building a world in which independence is impossible and you are always beholden to the government and multinational corporations who hand you the paycheck for which you're not allowed to work

>UBI thread

let me just sum it up for everyone:

>MUH SOCIALISM
>MUH INFLATION
>MUH PROJECTION
>MUH LAZY NEETS
>MUH TAXES GOING UP

its impossible to have a discussion about this topic on Sup Forums

The automation meme genuinely needs to die, it's the single most frequent subject that comes up on here where idiots with no understanding of technology, economics, and or infrastructure tries explaining why they deserve free money without working at all

Then where does the money come from? Taxation of the producers disincetivizes them to ramp up automation. See socialism. Weeaakk

>What is left for humans to do when machines can do literally anything that people typically do for income?

>en.wikipedia.org/wiki/Butlerian_Jihad

I will never ever trust a car to drive me on a fucking highway

That's said, this, ALONG WITH IMMIGRATION REFORM, is ONLY open for discussion when we have a lockdown on all entries into our system.

We can have both but strictly and irrevocably only for American citizens. Basic income will feed OUR homeless, not the world's. His use of "unconditional" is going to fucking ruin the concept like he ruined healthcare

>Free for everybody!
>Not so fast, flatfoot!
>Free when you open up a bank account so we can subsidize the bankers with trillions of dollars they can use as credit and only make monthly payments!

Which allows states to have banks that don't require IDs and you see how we fuck it all up forever

Isn't he just the greatest?

>worries robots will replace low skill jobs
>proceeds to raise minimum wage to $15/hour

are these niggers for real

>supports a basic income of $1500/mo once AI takes over low-skilled jobs
>supports a basic income of $100k/year once AI takes over upper-level jobs


IMO..this will never work. The government would have to be bringing in a shit ton of money to give to every living adult. There's no governments in this world with trillions of dollars to give away each month.

>50% of profits are being lost to poor people

Step up your game burgers.

The government would also take over the economy, so they'd have a lot of money, hence me saying I'm a communist in an automated utopia.

liberal pipe dream

except its the answer capitalists are subscribing to to this issue

He's already experimenting with it using a contract company so basically poor people will get basic income while the rest of us will have to work to support them. they'll cite this "experiment" as being a success because you're literally giving people $2000/month, how can it possibly not help them. then they'll use a sample size as argument for nationwide basic income.

we need to secede and cut ourselves off from California

It's not taxpayer funded, what are you whining about?

We would just print more money and enter hyperHYPERinflation

We better be in a post Trump manufacturing Renaissance then because our dollar will sag and make imports that much more expensive

All the money in the world amongst everyone is estimated to be about $75 trillion.

There is 7.5 billion people.


If that 75 trillion was given equally to everyone. We'd all have $10,000 dollars.

Are there more of this? I need it... for research purposes.

automation is a complete and utter meme
the future us in frreelance micro-programming and whatnot

if it lowers crime rates, gets them off of welfare, medicaid, etc, it will probably be a profit

en.wikipedia.org/wiki/Basic_income_pilots

Which idiots would lose in ten seconds for the dankest blow and hottest hookers and the world reverts to normal in a year

except it's going to lead to terminal niggeritis. welfare is already bad enough at breeding niggers by the dozen, now we'll have super mega welfare.

how about lowering the cost of living fucking niggers.

There are about 2 billion asian females in the world but most of them are not attractive.

What if you spent that $10,000 every month while earning it back?

Job guarantee is better.

wow lots of commie shills in here

Libertarians blown the fuck out! Again.

Why not outlaw automation or create human quotas for businesses?

people who are on welfare now already abuse the system. what would change?

Not as long as there are shitskins in the country I won't let it happen.
They get imported here and they all get to live off what we built. Fuck that

>$75 trillion

That's just in money notes.


There's about 1 quadrillion dollars invested in dividends, stockmarket, gold, oil, etc.

If that 1 quadrillion was given equally to everyone. We'd all have $133,333+ a year.

Insanity. Automation creates tremendous economic growth.

We will be so much better off as a species if we let robots do 95% of the work and live off the fat of the land.

Lol, fuck progress, let's just stick our fingers in our ears and keep trying to make our old flawed system work.

of course that's what will happen

these people in this thread are so dumb to think that socialism/communism would ever work in a non-homogenous society.

they literally ruined South Africa this same way. that is our future if we don't balkanize.

>one on the right is a tranny
>one on the left is a fat cumdumpster coalburner
And?

>holding back progress

This is retarded man, and you know it.

If I have to give some niggers some gimmiedats for an AI utopia, I'll do that.

>Say it together with me; WRONG, SIDE, OF, HISTORY.

WRONG SIDE OF PLANET

But how many would everyone have if we gassed all the Muslims and Jews and let nigs go back to the jungle?

I'm wrong again.

There is $1.2 quadrillion invested in derivatives alone. Theres over $70 trillion invested in the stock market. There's over $80 trillion in bank accounts.


There's most likely $2 quadrillion dollars in all which means if it was given equally to every living person worldwide. We'd all have $260,000+ dollars each.

you can say goodbye to civilization if this happens. all the countries that support it will become more flooded by brown people than they already are. since people don't have to do shit, they can just lie around and fuck all day. the shittiest members of society will out breed everyone else since there are no selective pressures in force and the country will turn into a clusterfuck of human shit. automation and free income has the potential to completely ruin humanity.

i don't want the robots to call me a token fleshbag

.05 cents of your money has been placed in everyone's account

This is like the last 3 months when George bush was president. Did a bunch of crazy shit.

this is the future liberals are begging for

youtube.com/watch?v=4hLXOVCZr-8

>except it's going to lead to terminal niggeritis.

You still have to work three hours a day, three days a week if you expect to get paid. Problem solved.

>that button isn't going to press itself
>I mean, it could, but fuck you

More like "It's impossible for everyone to agree with me like they should >:(((((."

>is in the midst of an energy crisis
>wants to power a shit ton of robots

Job guarantee gives an income to everyone willing to work and stabilises the economy.

Basic income goes counter-cyclical on the way down but pro-cyclical on the way up - in other words, you get inflation. Plus it removes an incentive to contribute to society, and doesn't deal with the social costs of unemployment.

Said the delusional retard


test

>mfw basic income is the mark of the beast

I don't care anything about Brock O'Berrypicker but...

Assuming we're not going to murder the darkies, this is unfortunately a future reality. Obama dindu nuffin by simply stating the truth.

He is right. Automation will wipe out moat jobs. If a robot can do a job, I would get a robot 100% of the time. Some people say there will always new jobs that replaces extincted jobs, but I don't think it'll happen this time.

Are you a dumb nigger? Milton Friedman was for the samething.

jobs =\= wealth creation

i don't want tax dollars paying guys to dig holes and then another crew to fill them back up. look at japan and china

UBI would improve small businesses. you could abolish minimum wage. the only people who worked would be ones that wanted to. it would also take out most of the sting of an attempted business failing

Eventually we will just have what are essentially "everything" trees. Like trees, they will get all their energy and resources autonomously. You can help them by collecting resources for them. Or make bots for that. And you'll be able to access your everything tree or a community everything tree as easy as you would an apple tree. And at this point, the only thing that can hold us back is rich people adhering to traditional systems of ownership who just own all the resources. If it's bad enough, it will be obvious to anyone alive that we should just expropriate that shit from them. They will still be very wealthy and privileged. But their "sacrifice" will provide immeasurable freedom for the rest of humanity.

Elderly people have a hard time figuring out how to operate things like that currently, you would need someone there to help customers if they have a problem or if anything needs to be cleaned. But yes robots could handle the bulk of the work.

If Robots run the whole economy, why have humans? Why not just get rid of the useless parasites?

What will happen is that people will get basic income ONLY if they go to a training until they find a job.

That means higher education for all, one step at a time

>Progress theology
And where does progress lead exactly?

As of January 2016, Google's self-driving cars have been involved in a total of 17 accidents, all caused by human error. In fact, most of the accidents occurred when Google's cars were rear-ended at red lights.

Furthermore...
>a computer program does not get tired
>a computer program does not get distracted
>a computer program does not get road rage
>a computer program has a faster reaction speed than you ever will

You trust computer programs with your money, with your communications, and with your privacy. They've done pretty well so far, no? So why not a car? Humans did not evolve to travel at 65 mph on highways; they are built to give the illusion that we are traveling slower than reality so that our brains don't freak out.

How long do you think the lane dividers on highways are? Don't be a faggot by googling it.

so indoctrination for all. same result, civilization is fucked. this really is the end.

Have fun trying to tax that shit. Seriously good luck.

oyy veyyy

as early as when i was in high school, all you needed was that diploma.

my little brother is going into 7th grade and he's being told he needs to declare a major for high school.

another unrelated topic, but exactly how much schooling is actually necessary? 8 years wasn't enough? 12 isn't now? what happens when you need a masters degree for entry level work?

>liberals whine about guns 24/7
>liberals give out free money
>i use money to buy more guns
Can't say I'm opposed to this idea, familamadingdongs.

>"jobs =\= wealth creation"
>but giving everyone money for nothing IS wealth creation
Do you see the problem here?

OK so you think the government sucks at making worthwhile jobs. But even an only slightly worthwhile job is better than none.

By the way, giving everyone some extra money is arguably fine short-term policy when the economy is below full employment (which, granted, it is now) but if government gets smart and starts running full employment budgets, it would need to cut off or reduce the basic income amount or raise taxes pretty quickly to prevent inflation.

We have basic income for the poor - welfare - and it works well as a stabiliser. This function is completely absent for basic income.

This has always been my thought process. Soon half the people simply won't be able to find work. Animal farmers will be even more secure seeing as how animals need lots of people shit done. Drivers will be gone. Most art can easily be produced by computers already. Wood can be CNC'd well enough to give off a hand-carven feel. Computers are becoming better and better on Wall Street.

It seems like there's only a safe few for those that enjoy their work. Then what, though? After all is said and done, trying to find small jobs will be fruitless and people will be stuck with their monthly income, fat and docile. It's a little grim.

>huehuehue those simpletons have no idea what they're talking about
>let me just rehash anti-luddite arguments thought up in the 1950's
>there's no way a machine could do anything better and cheaper than a human being, that'd be, like, far out stuff man

I think the money system needs to go.


I believe everyone should be provided for free with:

1. Healthy Food (all food should be free)
2. Clean Water (should be free for all)
3. House/Condo/Apartment (a decent living place should be free for all)
4. Vehicle (if you want to travel the world it should be free to do so)
5. Clothing (good well-made clothing should be free for all)
6. Education (anything you want to learn about should be free)
7. Entertainment (art/music/festivals/movies/amusement parks should be free)
8. Starting A Business/Store to sell free things should be free...

What more does anyone need if everything is free. Money isn't needed.

WE ALL SHOULD BE ABLE TO FOCUS ON WHAT WE LOVE TO DO...If you love to make delicious dishes. Become a CHEF for free and share your food creations in your own shop for free with others.

That's the type of world I want to live in. FREE FREE FREE FREEEEDOM

why don't you try refuting their points you fucking faggot

you have an infantile mind and want to live like a pampered baby. we get it.

you're right, gibs doesn't create wealth. but those who do want to create wealth, for whatever reason ie social status, passion or just so they can get a playstation, will be freed from having to worry about the basics

so basically what i'm saying here is:

i'm tired of poor white kids who want to make a difference being stuck washing dishes or digging holes or joining the military and shitting it up

Here in the real world we aren't post-scarcity. Sorry mate.

>only the most skilled humans will be able to make a difference
>even these people will soon lose their jobs to AI
>humanity will spend its days partaking in VR porn

I want off this ride.

We've been in the sketchy, post-industrial transition zone since the 80's though.

>A 2013 Oxford report, for example, found automation could replace 50% of all jobs within the next 20 to 30 years.
This is way too optimistic, machines are nowhere near reliable enough to replace humans yet. Constant BSoD on computers, parts breaking down all the time in machinery, everything requiring constant maintenance and replacement, will likely outstrip any benefits automation/robotics can bring in the foreseeable future.

But yeah, maybe in 100-ish years, I can see a new generation of electronic slaves doing all the work and human society moving naturally towards a more Marxist society.

t socialist 125 years ago

See here's the thing. This could work. Milton Friedman has advocated this for years and it hasn't been tried with the caveat of welfare being eliminated. This could work....however it could work in a majority white country. Spics and niggers can and will ruin this. No one will work, nothing will get generated the system will collapse. The reason these Nordic countries work with specialism is they have a big tax payer base. We do not have that. Plus if this worked it would only attract more shit skins.

Yeah, maybe in a couple thousand years when we invent free energy you fucking drooling retard

>human shit
>no selective measures

Well then we must implement our own

A purely white nation where all meanial tasks are automated and only those with the greatest minds for thinking or bodies for soldiering are allowed to breed. Where we all work not for profit but towards the goal of conquering the stars

Only if

Not to mention such an act would be q one time thing and utterly shut down the entire world economy

>i'm tired of poor white kids who want to make a difference being stuck washing dishes or digging holes or joining the military and shitting it up
Or... having nothing constructive to do and sitting on welfare forever. That's the real tragedy and we could solve it very easily.

Basic income won't solve the problem in my opinion because, as I said, it removes an incentive to work at all, it doesn't address the social costs of unemployment (people lack structure in their lives, they turn to antisocial behaviours, they're more prone to mental illness, etc).

Mass unemployment since the 80s is not because of technology. It's because of an ideological shift and deliberate employment policy failure. One of the planks of the labour movement was the right to work (see Article 23 of the Universal Declaration of Human Rights). We've just forgotten about it.

I wish to denounce my humanity and become a robot. I expect to maintain the same rights.

Fuck you transgenders, my intellect outweighs your biology.

Hey now, he'd also give it to single "moms" and spics.