A Senior Fellow at George Mason University’s Institute for Advanced Studies describes robot labor of the
future and an easy way to transition to a work-less economy!
“Goods and services are provided primarily by automated factories, transportation facilities, and retail suppliers,” and “to benefit everyone and threaten no one, we will need to devise a new form of capitalism that
provides an alternative to jobs as the primary source of income.”
He suggests the Federal Reserve fund stock accounts where profits flow to citizens, which “guarantees ordinary people a share in the wealth generated by advanced technology,” so “everyone can benefit from advanced machine intelligence, not only from lower costs and higher quality, but also from rising income from ownership of capital assets…
“It would usher in Abundance before 2050, and lead eventually to an every-person’s Aristocracy based on robot labor.”