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Comment on Thousands of Software Engineers Say the Job Market Is Getting Much Worse

The job market is worse now than it was a couple years ago. It’s not AI’s fault, blame the Federal Reserve Bank and the interest rates. Blame VC, who’ve been relying on 0 interest loans for so long they don’t know how to actually take a risk any more, and will no longer fund startups. Blame cowardly executives of established companies, who are no longer seeing sales numbers increase exponentially forever.

This is what non-zero interest rates do to a motherfucker.

We need universal basic income.

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PopOfAfrica@lemmy.world ⁨1⁩ ⁨year⁩ ago
Universal Basic Income to mean sounds like trickle up economics with extra steps.

What we need is a society that takes little stock in currency.

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- lolcatnip@reddthat.com ⁨1⁩ ⁨year⁩ ago
  What exactly do you think universal basic income is?
  
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  - PopOfAfrica@lemmy.world ⁨1⁩ ⁨year⁩ ago
    Wealth redistribution. The problem is that we funnel is directly back through purchases providing an inordinate amount of power to the owner class.
    
    In a bizarre way our existence will be allowed only to subsidize the wealthy.
    
    At that point we should ditch money all together.
    
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    hottari@lemmy.ml ⁨1⁩ ⁨year⁩ ago
    UBI is not about wealth redistribution. The easiest way I’d describe it is if we created food stamps but for cash.
    
    And the phenomenon you are describing where the rest of society is subsidizing the wealthy is our current reality.
    
    UBI in a sense ditches the concept of money as an incentive tool for productivity.
    
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    Rodeo@lemmy.ca ⁨1⁩ ⁨year⁩ ago
    
    Follow the money. It goes from the wealthy to the government (taxes), to us to the wealthy through our purchases.
    
    And right now it goes from the poor to the government (taxes) to the wealthy, and we don’t get fuck all.
    
    You’re saying you’d rather have nothing than have something.
    
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- Maggoty@lemmy.world ⁨1⁩ ⁨year⁩ ago
  In the long term yes. But we need a complete systems revamp before that’s possible without creating a situation where a lot of people starve to death. UBI works great as a patch over, and while automation is still getting off the ground. As a solution to an automated economy it sucks. It’s asking to have questions like, “how many loafers can we remove from the system without people revolting this year?” Or the creation of premium dollars that seem to only go to the owner class and goes with scarcity of supply as the wealthy become more and more detached from everyone else and shut down facilities to save on costs.
  
  Basically it risks A Brave New World. Instead we need to make it clear that an automated economy is there for everyone and thus is owned by everyone.
  
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