Something like a basic income or other provision of basic needs will be unavoidable at some point. Automation is coming for virtually all of us, and we simply won't require nearly the number of people to produce what the world needs.
We have to some degree offset this with rabid consumerism, debt, and globalization. The latter in the sense of both opening new markets and the appeal of low wage workers usurping the appeal/cost of automation. But as the wages in these countries rise and technology continues to evolve while growing ever cheaper, even this can't stem the tide forever.
We have to some degree offset this with rabid consumerism, debt, and globalization. The latter in the sense of both opening new markets and the appeal of low wage workers usurping the appeal/cost of automation. But as the wages in these countries rise and technology continues to evolve while growing ever cheaper, even this can't stem the tide forever.