"A society where you only have to work three days a week, that's probably OK," Bill Gates said.
Bill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad idea::"A society where you only have to work three days a week, that's probably OK," Bill Gates said.
We should stop measuring our productivity in hourly and need to go back to salary well paying positions, or everyone needs to share the costs with UBI instead.
Good luck convincing companies to change anything that won't make them more money. I think the only way it can happen is with UBI, hopefully funded by the hoarded assets of the few biggest companies and billionaires where all the money is getting accumulated.
Bill Gates supports higher capital gains taxes as well as EITC which is a form of Negative Income Tax, and in his hypothetical we're going to need a lot of engineers and mechanics to make it work. He also says a UBI could work if automation production increases in the coming decade or so, but he doesn't currently support it.
You might think "OH BUT EITC DOESNT REALLY HELP THE POOR BECAUSE YOU HAVE TO HOLD A JOB" but the thing is for businesses to stay open more than 3 days a week they would need to start hiring more people for less hours per week.