Submitted by raylolSW t3_1265f80 in singularity
Throughout history there has always been a massive social economic balance, before the industrial revolution 90% of people were farmers and barely surviving of course this changed after the industrial revolution where today people have ok lives but the reason of this is capitalism.
Capitalism benefits from competence and technological advancement which means you get paid good but you also have to dedicate a lot of your life to become good at something and then be productive. This means someone who is really good at Machine Learning or Medicine will be a treasure and will be paid really good. Power is split between the govertment and the people but the people bring advancements.
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Why with UBI this would remain the same? Power is everything. History has always teached us this Power is everything that matters and it's easier to have AGI and an small amount of people do everything and leave the rest in the dust while inflicting power in them. Basically like the movie Elysium, why would you share power to humans when their advancements can't compete to the ones that are made by machines?
SkyeandJett t1_je7pnc9 wrote
You don't understand the implications of a post-scarcity society. UBI is a stopgap that keeps society afloat in the tiny period of time it takes from AGI to hit a critical mass of generalist androids. As your cost of labor approaches zero and your supply of labor becomes unbounded you're only limited by things that are TRULY scarce and there aren't many of those things. I've seen people here say things like beachfront property but you could literally build islands to meet the desires of people who want to live on the beach and all of that really just fills the gap to FDVR.