10 Great Ideas Someone Should Invent Altucher Confidential

G) 40% Unemployment. The reality is, most people should not be at work. Why? Because they are bad at it. It’s rare that someone is actually good at what they do. I know maybe ten people that are good at their jobs. This is not a criticism. It’s just a fact. And basically, robots are better. That’s why Apple is moving production back to the US. Because too many Chinese people were killing themselves in their factories. Robots don’t kill themselves and they get the job done faster.

So what society really needs is 40 or 50% unemployment. Here’s how you do it. My solution starts off communist but ends up libertarian. Basically, companies get incentivized to replace all humans with robots. The excess profits you get from firing people gets taxed at only half the rate. All of those “robot taxes” get put into a government fund that is used to subsidize the people who are fired (just like farmers are often paid subsidies not to farm). The subsidies, though, run out after three years. So you have three years from the day you are fired to start a new business. Hopefully the business uses robots instead of humans else you won’t be able to compete against your higher margin competitors. If you can’t start a business then you end up being a temp-staffer somewhere. Don’t say this is heartless. This is the way the world is going. That’s why the middle class is disappearing. Robots are the new middle class. And everyone else will either be an entrepreneur or a temp staffer. Don’t shoot the messenger here. It’s already happening. I’m just trying to figure out a way that we can actually accept the 40% unemployment or “underemployment” (which is already at 20%) which is coming.

via 10 Great Ideas Someone Should Invent Altucher Confidential.

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