Socialists, Communists, and other anti-Capitalists have for generations said that Capitalism is built on and operates off of cheap labor.

Establishing conditions in society where the masses are so in need and in many cases desperate for money that they are willing to work and produce for a wage.

This trade off....between production and wages...has been held at a delicate balance to ensure the economy keeps rolling.

That being the case.......
How would UBI and giving people money for NO LABOR work within a system like that?

3 hours ago, Pioneer1 said:

Socialists, Communists, and other anti-Capitalists have for generations said that Capitalism is built on and operates off of cheap labor.

Next to slavery, labor doesn't get any cheaper than AI & robots.

3 hours ago, Pioneer1 said:

This trade off....between production and wages...has been held at a delicate balance to ensure the economy keeps rolling.

Labor has outsourced for several decades. Cheap products keep the economy rolling.

3 hours ago, Pioneer1 said:

That being the case.......
How would UBI and giving people money for NO LABOR work within a system like that?

The people will continue spending money on the consumables.

It's not like people are going to generate wealth whether investing &/or building a business with the UBI money. Put it righr back into the economy.😎

ProfD

Next to slavery, labor doesn't get any cheaper than AI & robots.

I'm not experienced enough in IT to determine or estimate the value of them, but I would think that computers, AI, and robots would be VERY expensive to innovate and constantly maintain.

Labor has outsourced for several decades. Cheap products keep the economy rolling.

This is true.

And most of the PEOPLE (not the economy) of the United States have been living in a socially and financially depressed and distressed condition because of this for decades.

Millions are homeless, dead, or incarcerated because they don't have decent employment to maintain themselves.

The people will continue spending money on the consumables.

...those who are still alive and not incarcerated or disabled.

For decades now most Americans have been REPLACED by immigrants on every level at such a fast rate that you can barely tell that a shift has taken place.

For every one American who ends up crashing out...they bring in 2 immigrants to replace them and keep the ball rolling.