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Scott Santens

Basic Income is JUST Compensation

Recognizing what we owe each other

Let's say the cost to produce a widget is $1. What's the cost to produce 1 million widgets?

This may sound like an extremely simple word problem that even some preschoolers could solve. However, if you think the answer is $1 million, you would be entirely wrong.

The cost to produce 1 million widgets is far below $1 million thanks to . . .

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April 11, 2017

Forget the future of work. What about the future of consumption?

Discussing the future of work is all the rage these days. Some say we're on the verge of the robot apocalypse of jobs. Others say jobs will always be created in sufficient numbers (and at sufficient rates) and that everything will be fine. Regular readers know where I fall on this particular question, that either way, our goal should be . . .

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July 22, 2016

Humanity Needs Universal Basic Income in Order to Stop Impeding Human Progress

My latest article on HuffPost Politics

I published a new article yesterday on HuffPost Politics that they actually put on the front page of The Huffington Post. It's called "Humanity Needs Universal Basic Income in Order to Stop Impeding Progress".

Excerpt:

Putting humans out of work should be a public relations win, not a loss, and so mankind needs to make sure no . . .

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April 06, 2016

Robots Will Take Your Jobs

My article in the Ideas section of the Boston Globe

My first ever article to be published in the Boston Globe is now available online. It's titled "Robots Will Take Your Job". For those in and around the Boston area, this story will also be in the Sunday print edition on February 28th. So please pick up a copy if you can.

In it I explain how quickly artificial intelligence (AI) . . .

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February 25, 2016

Everything You Think You Know About The History and Future of Jobs Is Likely Wrong

The effects of technology on job creation/destruction by skill level

"47 Percent..."

That's the highly cited estimate out of Oxford by Frey and Osbourne of the percentage of existing jobs that are likely to be automated away with the help of technology within the next two decades. According to this paper, flip a coin and call heads or machines to see if your job will exist in 20 years. This is . . .

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August 19, 2015

Our Paradoxical Economy Courtesy of Technology and the Lack of Basic Income

The question of slowing productivity amidst rising automation

The Fall of Human Labor

The latest numbers are in, and there are now more people not working in the US as a percentage of the total population, than ever in the last 38 years. It's being called the "new normal."

The percentage of Americans in the workforce — defined as those who either have a job or are actively seeking one — . . .

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July 03, 2015

Self-Driving Trucks Are Going to Hit Us Like a Human-Driven Truck

My latest article on Medium

Read the article I published on Medium on May 15th, 2015.

Excerpt:

Just as our roads a decade from now will be full of machine drivers instead of human drivers, a 21st century economy shall be driven by human consumers, not human workers, and these consumers must be freely given their purchasing power. If we refuse, if we don’t provide . . .

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May 15, 2015

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