“There’s a pretty good chance we end up with a universal basic income, or something like that, due to automation. I’m not sure what else one would do. That’s what I think would happen.” – Tesla and SpaceX Founder Elon Musk

“It is the working man who is the happy man. It is the idle man who is the miserable man.” – Benjamin Franklin

“To be idle is a short road to death and to be diligent is a way of life; foolish people are idle, wise people are diligent.” — Buddharobots2

As a small-time shareholder in Tesla, the author of Almost DailyBrett is reconsidering his investment.

Have I’ve been foolish?

Should I be more diligent to be wise?

Don’t get this blog wrong. These posts have always supported and admired entrepreneurs (e.g., Musk) as job creators, dreamers of great new products, and economic forces for good (e.g., reducing dependence on fossil fuels).

Nonetheless it’s shocking to note that Musk’s (i.e. PayPal, Tesla, SpaceX) answer to the prospect of increased robotics/automated services (i.e., check-out machines, ATMs, robotic assembly lines) is too simply put all of these future displaced employees – maybe even millions of workers – on a politically acceptable dole (at least to some): Universal Basic Income or UBI.

Elon Musk, CEO of US automotive and energy storage company Tesla, presents his outlook on climate change at the Paris-Sorbonne University in Paris on December 2, 2015. / AFP / ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images)

Elon Musk, CEO of US automotive and energy storage company Tesla, presents his outlook on climate change at the Paris-Sorbonne University in Paris on December 2, 2015. / AFP / ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images)

Let’s face it: The shrinking middle class during the past 30 years is a major cause of serious political disruptions with populist causes taking hold on both sides of the Pond.

Pew Research revealed that 62 percent of Americans were categorized as middle class in 1970, falling to 43 percent in 2014.

Conversely, 29 percent of Americans were upper class in 1970, rising to 49 percent in 2014.

Lower class was essentially flat from 10 percent to 9 percent during these 44 years.

Almost DailyBrett is concerned that aggressive moves toward ever higher minimum wages may entice even more potential employers to seriously explore using even more machines, which don’t require the payment of benefits (e.g., medical, vision and dental), and don’t demand days off.robots1

And who would be most impacted by displacement by machines and robots? The middle class? The lower class? Both?

Under the failed Universal Basic Income (UBI) plebiscite in Switzerland earlier this year, displaced workers would have received an annual salary of $30,660 for a single, $61,320 for a couple and $76,728 for a family of four … placing them in the higher echelons of middle-income America … but without exerting any effort.

How does UBI square with the Protestant Work Ethic?

Funding A New Leisure Class

“People will have time to do other things and more complex things, more interesting things. [They will] certainly have more leisure time.” – Elon Musk

“Ask not what your country can do for you — ask what you can do for your country.” – President John F. Kennedy

“Given the crisis that we are in and the hardships that so many people are going through, we can’t allow any idle hands. Everybody has to get involved, everybody has to pitch in and I think the American people are ready to do that” – President Barack Obama

Earlier, Almost DailyBrett wrote about the record number of working-age men (e.g., 20-54), who are voluntarily not seeking a job … any job. Instead, they are averaging 5.5 hours per day playing video games, accessing streaming video and watching HDTV. That’s a shocking loss of brainpower and manpower, the type that President Kennedy said could be in service to the country.

Would UBI exacerbate this unacceptable trend, essentially making it politically acceptable to displace able workers with even smarter machines? The net result would be even more wards of the state with little or nothing to do. Idle hands will indeed rule.

The question still persists: Should millions of able-bodied people be paid to do nothing? Will they earn their paychecks? How will UBI be funded, if America becomes a donut with a huge whole in the middle — little or zero middle class?

Will the majority of these recipients ultimately become miserable on the certain road to death?

If all one is doing is running out the clock (e.g., playing video games and checking out social media) until that inevitable day arrives, then what is the purpose of life?

Maybe UBI is not so smart after all? Whattyathink Mr. Musk?

http://mashable.com/2016/11/05/elon-musk-universal-basic-income/#dmtbn21mkmq8

https://almostdailybrett.wordpress.com/2016/07/06/universal-right-to-a-paycheck/

http://www.voanews.com/a/a-13-2009-01-20-voa6-68822097/413577.html

https://www.brainyquote.com/quotes/keywords/idle.html

http://fortune.com/video/2016/11/07/elon-musk-wants-universal-basic-income/

http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/

https://almostdailybrett.wordpress.com/2016/11/07/millions-of-active-women-supporting-millions-of-idle-men/

 

 

 

 

 

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