The ongoing and accelerating collapse of the American middle class is going to be terrible for American workers and their families, certainly; but it is arguably going to be just as bad for American employers. Employers who rely on a clientele made up of paying customers, on a recurring and volume basis, can hope for diminishing returns coupled with increased taxes paying for wasteful social programs that do nothing to stimulate the economy in perpetuity - unless they can get ahead of the loss by investing in automation themselves.
A capitalist economy based on the human allocation of resources through the trading of goods and services is doomed by these trends - as is the personal liberty of individuals damned to a new and crushing form of useless serfdom (there isnt much freedom when you have nothing but debt and have no economic value to even be exploited)… but there is a solution:
A “Citizens Dividend” (as named by Thomas Paine in 1797) - The idea that the goods and services that citizens invest in their national economic growth should provide returns similar to the way that such an action provides returns in the Market.
You could also call it “helicopter money” - or direct to the citizen “quantitative easing”. I like to call it “Capillary Economics”. This idea isn’t new and it isn’t particularly divisive - any more than public education is divisive - but it isn’t well understood. It would help to link the citizen to the national economic well being and ensure that people continue to do what they are best at even when the value of their labor drops to zero: to consume and determine the ideal allocation of resources by their economic activity.
Something to consider as your job prospects shrivel away to nothing and the people you know with money retire and are not replaced because a computer does it better. An idea that serves as a flashlight in the darkness.









