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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (20549)	12/3/2017 7:59:19 PM
From: TimF	Read Replies (1) \| Respond to of 33421

Alaska has a ton of oil wealth and only about three quarters of a million people. And its annual stipend is far to small to live on (well maybe if you had third world costs, and third world expectations instead of Alaskan costs and American expectations and regulations). OTOH if automated (both robots and otherwise) production of goods and services becomes so widespread and so efficient that it makes the value per person of Alaska's oil wealth seem tiny while at the same time (unlike earlier bouts of heavy automation) it pushes most people out of jobs, then some form of UBI might make sense. It wouldn't necessarily involve a higher amount of government spending as a percentage of GDP because in this scenario real production is much higher. With current conditions I just don't see how it would be affordable.