FORMATSBACK
THERE ARE AT LEAST TWO SIDES TO EVERY STORY
THERE ARE AT LEAST TWO SIDES TO EVERY STORY
A guaranteed job for everyone who wants one is the natural response to a world that is becoming increasingly automated, asserts Erik Loomis of The New York Times. One way or another, many American jobs will disappear over time. The Columbus Dispatch estimated that of 5.5 million Ohio state employees, 2.5 million could lose their jobs because of AI. Government investment in areas like infrastructure or teaching would create the demand for such a large labor force. Elder and child care could be improved dramatically. Most importantly, such a concept would avoid the social crisis of millions of people no longer being able to find work.
Keep on reading at the New York TimesThe idea of universally guaranteed jobs sounds nice in theory but falls short in practice, believes Megan McArdle of The Washington Post. Key is Bernie Sanders’ proposal of a $15 minimum wage for the program. It seeks to encourage private employers to raise salaries as well. However, that is not sustainable in some areas of the country and could kill businesses. Companies' services becoming unsustainable or unable to find workers would close their doors, depriving Americans of necessary businesses. Dismantling important jobs earning good salaries would take its toll on the economy by discouraging good work being rewarded.
Keep on reading at the Washington Post