Post-Labor Economics Lecture 05 - Bridging the Gap (2025 Update)
AI Summary
This final lecture in the series on post-labor economics covers strategies for transitioning to a future where wages may diminish due to automation and economic changes. It introduces the concept of a property-based economy where Universal Basic Income (UBI), public wealth fund dividends, and collectively owned assets play crucial roles in household income. The talk outlines a proposed structure for income sources, including UBI implementation, various types of dividends, and the importance of maintaining personal assets. The goal is to create a balanced economic system that adapts to the effects of automation while avoiding pitfalls like elite wealth capture and political inaction.