Jul 19, 2016
Why the Cost of Living Is Poised to Plummet in the Next 20 Years
Posted by Shailesh Prasad in categories: economics, education, employment, food, government, habitats, health, robotics/AI, transportation
Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero.
People are concerned about how AI and robotics are taking jobs, destroying livelihoods, reducing our earning capacity, and subsequently destroying the economy.
In anticipation, countries like Canada, India and Finland are running experiments to pilot the idea of “universal basic income” — the unconditional provision of a regular sum of money from the government to support livelihood independent of employment.
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