Having read The Economics of Machinery and Manufacture by Charles Babbage (yes, that one), I know that new manufacturing techniques and technological breakthroughs have been rapidly dropping the prices of goods for a couple of hundred years now. The article gives some good recent examples.
This reduction in the cost of living could make a big difference to the feasibility of a universal basic income, which wouldn’t have to be nearly as large.
Originally shared by Singularity Hub
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