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Comment by zackmorris

4 days ago

I think of it like limits in math. The rate at which we'll be out of work is much higher than the rate at which prices will fall towards zero.

A performative/underemployment economy keeps everyone working not out of necessity, but to appease the sentiments of the wealthy. I'd argue that we passed the point at which wages were tied to productivity sometime around 1970, meaning that we're already decades into a second Gilded Age where wealth comes from inheritance, investment and connections (forms of luck) rather than hard work.

And honestly, to call UBI performative when billionaires are trying to become trillionaires as countless people die of starvation every day just doesn't make any sense.