money for nothing !

Monday, December 07, 2015 Francisco Carneiro 0 Comments

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In short, software is eating the world.

From Quartz,

The Finnish government is currently drawing up plans to introduce a national basic income. A final proposal won’t be presented until November 2016, but if all goes to schedule, Finland will scrap all existing benefits and instead hand out €800 ($870) per month—to everyone.
It sounds far-fetched, but it’s looking likely that Finland will carry through with the idea. Whereas several Dutch cities will introduce basic income next year and Switzerland is holding a referendum on the subject, there is strongest political and public support for the idea in Finland.

Why are the Finn's considering this?

because with robots & tech not everyone will have a job.

Software substitution, whether it's for drivers or waiters or nurses - it's progressing. Technology over time will reduce demand for jobs, particularly at the lower end of skill set.

Bill Gates

My collegue Rui martins dos Santos had already proposed something like this to address the lack of demand in the world . But with a difference the Government would pay a fixed amount to everyone older than 60. This way you would not ruin the labor market. I think this is the future not a bright future but machines will replace most humans.