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DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Omaha Steve's Labor Group (Group) » AP: Income gap widens as ... » Reply #1

Response to Omaha Steve (Original post)

Tue Jun 17, 2014, 05:23 AM

1. more to come = need guaranteed income

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.

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Omaha Steve Jun 2014 OP
LineNew Reply more to come = need guaranteed income
kg4jxt Jun 2014 #1
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