No, robots are not going to take all the jobs

One of the underpinning arguments behind those arguing for a Basic Income Guarantee (BIG), alternatively known as the Universal Basic Income, is that automation is creating a new technological paradigm, where, as Paul Mason describes it:

Information technology is preventing the normal adaptation process, whereby capitalism — as a complex system — reacts to crisis, to the exhaustion of old business models, to the low profitability of old businesses and old sectors.

As the argument is very coherently put by Mason, I will concentrate on his presentation of it. Continue reading