Scott Santens

Are all those people going to go back to their jobs?

No, they are absolutely not going to go back to their jobs.

You're going to have a lot more machines doing a lot of these jobs for one thing.

And then as we discussed earlier, people who have less money to spend are not going to be able to go to these places.

And so that is the ultimate job creator is customers, is people spending money.

And so if there's no demand for those jobs, they're not going to pop back up.

So we're going to, I expect us to see something even worse than we saw the last time this happened.

When, you know, it took 10 years to create all these jobs that we just lost in a matter of weeks.

Yeah, I use jobs and I use jobs specifically too.

I'm not talking about work.

I'm very careful about my language there.

I use jobs because right now we still have income coupled to jobs.

And even with UBI, people will be earning more income

on top of their basic incomes from their employment.

And it's income that actually drives all of this activity.

So yeah, at first we have to sever this coupling between income and jobs to the point where it's decoupled and people are receiving income regardless.

And then that's when you can start getting into this frame of mind where we actually make sure that technology does enable us to consume more and have more time and therefore choose for ourselves what it is that we want to do, be it unpaid work, be it part-time paid work.

or via full-time employment and careers.

And all those become options.

But the problem is in our existing economy, as long as income is coupled to jobs, that's where this money is coming from.