Robert Reich asks the question in a new video: What should we do when robots take most jobs? (It will happen sooner than you think.) Watch his new video to find out.
Robert Reich’s problem is he completely ignores that the non-human (the “machines”) means of production OWNED by individuals, singularly or in association with others (as in a public corporation), earn income from the productive input the “machines” contribute to the production of products and services. This is the REAL reason the wealthy are wealthy, because they OWN the means of production. But Reich NEVER advocates for broadening individual productive capital asset OWNERSHIP and instead advocates for “redistribution” schemes such as a universal basic income, which destroys the natural right to property and essentially creates dependency on politicians and the State for redistributing income derived from taxes on those who are productive through employment and/or the “machines” (capital assets) they OWN. The universal basic income would not abate productive private individual property (capital asset) OWNERSHIP, which would continue to further concentrates among the already wealthy OWNERSHIP class and their heirs.
For effective alternative solutions that protect the natural right to property and creates NEW OWNERS simultaneously with the growth of the economy see the Agenda of The Just Third Way Movement at http://foreconomicjustice.org/?p=5797, http://www.cesj.org/resources/articles-index/the-just-third-way-basic-principles-of-economic-and-social-justice-by-norman-g-kurland/, http://www.cesj.org/wp-content/uploads/2014/02/jtw-graphicoverview-2013.pdf and http://www.cesj.org/resources/articles-index/the-just-third-way-a-new-vision-for-providing-hope-justice-and-economic-empowerment/.
Support Monetary Justice at http://capitalhomestead.org/page/monetary-justice.
Support the Capital Homestead Act (aka Economic Democracy Act) at http://www.cesj.org/learn/capital-homesteading/, http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-a-plan-for-getting-ownership-income-and-power-to-every-citizen/, http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-summary/ and http://www.cesj.org/learn/capital-homesteading/ch-vehicles/.
