Cognitive Capitalism, Silicon Valley & Basic Income

Evgeny Morozov discusses the recent interest in Silicon Valley with Universal Basic Income. He takes a cognitive capitalism frame and concludes that Silicon Valley is also part of the problem.

On the other hand, Scott Santens shows how jobs will disappear worldwide. “The White House, in a stunning report to Congress this week, put the probability at 83 percent that a worker making less than $20 an hour in 2010 will eventually lose his job to a machine. Even workers making as much as $40 an hour face odds of 31 percent.”