2011/9/9 Axil Axil <[email protected]>: > > The engine that truly drives the growth of jobs in the US economy is > innovation and its handmaiden, new small company establishment and growth. >
Actually, creating jobs is rather irrelevant goal, because it is more important to create automation and robots who does the productive work. Of course, creating automation, does return into innovation. As the wealth is acquired from automation, then it is possible to create jobs into service sector by boosting the purchasing power of median people by introducing basic income. I think that this is more and more the picture of the modern economy. Jobs are just out of fashion, because most of the wealth is produced by automation. This should be the reason why basic income (ca. $2000 per month) should be urgent goal, because without basic income, labor market will develop more and more into direction that humans compete against robots. And this is not the competition we do not wish for. Basic income would also make labor markets very flexible, therefore it will give perfect ground for breeding innovations, because it encourages developing automation rather than hiring people to do robots' work. And also basic income removes all the financial barriers from creative people to employ themselves by founding new small companies. –Jouni
