No, automation is changing things in a way notNo argument, here.
UBI? Not the only way. We could just turn back the clock, eliminate the loopholes and begin enforcing the regulations and anti-trust legislation we had previously.
previously seen. Beforehand, automation incresed
production, & lowering costs boosted demand. Labor
was needed for this. But now we're seeing low skill
labor being reduced.
We still have anti-trust regulations. And we stillAgreed. The usual "dodge," back then, was to reïnvest in the company and pay a living wage, which is what fueled the economic boom and meteoric expansion of the middle class.
Back then there were still anti-trust regulations. Small business still had a chance.
have small businesses.
Free markets are still great. And useful regulation,Your average worker used to be able to afford a house, support a family, take a yearly vacation, buy a new car every few years, and put his kids through college -- all on a single, working class income. Yes, average house size has increased, as people seek status markers, but general prosperity and security has not. It now often takes two incomes to maintain a middle-class status; and forget the new cars, vacations, college or pensions.
Free markets and deregulation simply don't work, and the regulatory agencies that remain are either defunded or captured -- often both.
Out of Control: A Brief History of Neoliberal Deregulation in the USA
Neoliberalism: Political Success, Economic Failure
not the dysfunctional kind helps matters. Socialism
will only keep unskilled workers employed with make
work programs...very inefficient.
Overall regulation has greatly increased over the
decades. Check out the number of pages in the
CFR (Code Of Federal Regulations). You'll see
that the 50s had a fraction of business regulation.
Regulation isn't inherently good...it can be useful.
It can be the opposite. Just wanting more is a very
bad goal.