A Universal Basic Income (UBI) and rent for our Commons are ways to provide for the working class, who are losing their jobs to automation. With robots and wage inequality, this will be a disaster for the capitalist system as we know it. There will be no cash for the spenders who support the capitalist system by around 77 percent in spending. This can be overcome by non-labor income just like the 1 percent gets their income from dividends and property. Non-labor income in the form of UBI could be paid for by charging rent for our Commons, such as air, water, wind, sun, ecosystem, and minerals. Then there are the human-made technology, legal, roads, dams and bridges. All things our taxes pay for, which makes money for corporations. Some of these are artificial or acquired property and the invention of people. Education will not cure inequality or create more jobs, in fact, it will invent things which will end jobs. Income fell 30 percent since 1970. That was the time when one person c...
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.