Is a higher-paying job the goal of UBI? I thought the fundamental macro issue was that as automation of one kind or another becomes an increasingly inherent part of new technologies, it will inevitably depress the human job market beyond its ability to employ enough people to maintain the economy.
Avoiding trapping people in positions where they need a dead end job with no advancement potential which forecloses opportunities for self-improvement is, indeed, one of many arguments for UBI.
> I thought the fundamental macro issue was that as automation of one kind or another becomes an increasingly inherent part of new technologies, it will inevitably depress the human job market beyond its ability to employ enough people to maintain the economy.
That's less credible of an argument than that it will create a rate of change of needed skills which will leave people stuck who cannot afford to retrain.
Short of AGI or output levels so high that diminishing returns make greater output of minimal value, automation should multiply the value of human labor while shifting skills in demand.
The plan is for the startup to make money eventually or for one of my side projects to turn into a business. If my entire income was replaced then I would focus on making the side projects into real businesses if possible. But that is a small amount but much more than $500.
