world without work
A World Without Work Will Arise From the Exponential Expansion Of Automation Running AGI
The great decoupling is underway. The exponential advancements being made in technology and it’s effect on life as we know it was a topic of discussion at the Davos 2016 Economic Conference, not as a hypothetical concept, but as an inevitability.
Davos 2016: Economic Summit | Rise of AI
Davos 2016: World without Work
AI Will Be Man’s Last Technological Creation
Flexicurity: National Welfare State
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Obama’s BRAIN Initiative
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Fall of Greek Empire
Why Civilizations Fall
The minimum sustainable benefits you receive will be spent on basic essentials; food, water [water privatization is being put on the table], housing, utilities, transportation, etc., all being provided by corporations so they essentially get back ever dollar they put into the program. This will create societies that are not dependent of government welfare programs, but corporate welfare programs. The Basic Sustainable Income model will result in a zero sum game for recipients of the program and guaranteed ROI for corporations funding these programs by creating a self sustained economic feedback loop. The relative success of the program will rely heavily on creating a cashless economy. The cashless society would be able to track every cent received and spent. From a technology standpoint in this ‘world without work’ we’re looking at a scenario whereby: The adoption of more and more automation will exponentially displace more and more people in the work force. More automation equals more production yielding higher corporate profits with less and less of a labor base with disposable income to purchase them. I can see an economy emerging where products and services would be divided into two main categories – essential vs. comfort goods and services. This would result in more corporations moving into the ‘essential’ goods and services sector.