Haha, its funny that the socialists use the robots as an argument:
Robots coming up in a free market:
Not all the jobs will be replaced in once, this will happen in a longer period. When the first robots come in, the salary will go down slightly. Few smartest take action and go look / learn for another job (job that still has demand in the market). Furthermore students will choose education for this job less, because they know there is no future. This will stabilize the salary temporarily, but finally it will go down again when more robots enter the market. Now the salaries go down more there will be more people shifting job and there will be no more new supply because the schools stop teaching this profession. In a free market the people will naturally relocate their job because of market forces and this will increase the overall wealth because robots produce for us.
Robots coming up in a socialist market:
Once the first robots come in the salary have to go down naturally and some will loose their job, but the government will add to the salary and pay the ones that lost their jobs to stay at home and being unemployed. This will increase the cost of the social security and taxes have to be raised. Now robots become even cheaper compare to humans and even more people will loose their job. Because they get money every month they will not / slowly look for other opportunities. Finally all human beings are being replaced by robots and only a few will get another job. Because the government have to pay a lot for unemployment they have to tax others even more, this will make other professions more vulnerable to being replaced by robots, because they compete less because the extra tax expenses.
Another thing that is always annoying me is the fact that people are always complaining that the USD buys less for Americans caused by inflation. I don't give a f#ck about the americans, they robbed the world for 100 years already. My problem is that ALL other civilians of the world have to exchange more of their local currency to buy the same amount of oil, steel, coal ect.(because it is based in USD) , so their currency will be inflated. This is the reason poor countries can never get out of their poverty and more rich countries work their ass of for the american dream.
Bring the robots, I will own them, I will own their energy and I will own their intellectual property rights, and I will enjoy my time at home with my family as we grow 80% of our food, produce our own clean water and energy and use my dividends from the robot labor force to travel the world and continue my education.
Exactly. The point of using machines is to Decrease our labor and Increase production.
If robots do the work and pay the taxes then basic income can be funded without taking property from any human. This is actually one of the ideas I endorse as workable once technology gets to that point.