Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search


(30 posts)
1. more to come = need guaranteed income
Tue Jun 17, 2014, 06:23 AM
Jun 2014

Is there a forum link for discussion of guaranteed income by chance? I think businesses will continue to seek low labor costs via overseas factories and more importantly by automation (even the overseas workers are only a temporary fix - those workers will lose the jobs too eventually). Yet the economy cannot be healthy if there are no consumers. The whole issue of consumerism is, of course, a matter for discussion in its own right (I think it should be treated as a social disease) - but aside from how society determines what is a suitable level of consumption, we need to consider how society will continue to have the means to consume, or even subsist. A guaranteed income is one way to put money into the hands of consumers. The productivity gains of the economy are reflected in increments to the M1 money supply - that money supply could be increased by paying guaranteed income. The productivity gains are not getting smaller; they are growing at an increasing rate.

Latest Discussions»Issue Forums»Omaha Steve's Labor Group»AP: Income gap widens as ...»Reply #1