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Category: cost of living

Robotics | IoT

Why the Cost of Living Is Poised to Plummet in the Next 20 Years

People are concerned about how AI and robotics are taking jobs, destroying livelihoods, reducing our earning capacity, and subsequently destroying the economy. In anticipation, countries like Canada, India and Finland are running experiments to pilot the idea of “universal basic income” — the unconditional provision of a regular sum of money from the government to support livelihood independent of employment. But what people aren’t talking about, and what’s getting my attention, is a forthcoming rapid demonetization… read more