Maybe we should consider a wider social backstop to account for these types of productivity gains illustrated below. A guaranteed minimum standard of living might infact become a tangible solution for those willing to live that lifestyle. Imagine when food stamps change their image from those who need it to those who chose it for the betterment of society, a noble acceptance.
CNBC.com Article: More Jobs Predicted for Machines, Not People
A faltering economy explains much of the job shortage in America, but advancing technology has sharply magnified the effect, more so than is generally understood, according to two researchers at the Massachusetts Institute of Technology. The New York Times reports.