05-06-2016, 04:41 PM
This will be interesting as robots and AI are going to take more and more jobs (and is probably already happening in a major way).
It's not hard to imagine that, in our lifetime, there will be a fraction of jobs available today for humans. Won't be much left by mediocre service jobs that aren't particularly skilled or value-added.
What will be interesting to watch with the Swiss is this move is inherently inflationary, and economics would tend to predict that the gains all accrue to the owners of hard assets. If everyone has more money, everything is going to cost more...leaving the "real" discretionary income unchanged. But, in the future described above, it becomes a question of how to allocate resources.
It's not hard to imagine that, in our lifetime, there will be a fraction of jobs available today for humans. Won't be much left by mediocre service jobs that aren't particularly skilled or value-added.
What will be interesting to watch with the Swiss is this move is inherently inflationary, and economics would tend to predict that the gains all accrue to the owners of hard assets. If everyone has more money, everything is going to cost more...leaving the "real" discretionary income unchanged. But, in the future described above, it becomes a question of how to allocate resources.
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