Want to create an interactive transcript for this episode?
Podcast: Debunking Economics - the podcast
Episode: Adjusting to the rise of the machines
Description: Automation, it seems, is taking its toll. For example, based on its turnover Amazon employs less than half the staff levels of the broader retail sector – and they are driving efficiency gains all the time. So, is the answer to tax robots – one of the ideas from failed French Presidency candidate Benoît Hamon. No, says Professor Steve Keen. He suggests to Phil Dobbie that the solution is a universal basic wage. But won’t that remove any incentive to work and innovate? Hosted on Acast. See acast.com/privacy for more information.