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Let's consider for a moment the automation of jobs. How do you distribute shares of a company where the majority of the work is done entirely by robots and AI? The goal would be to have a single person owning enough shares so that their dividends would come out to enough to give them a year's worth of food, housing, etc. per year, with entertainment being the largest variable.
My problem is, every scenario I mentally simulate ends up looking like the stock market. You can't just give it to the workers, as there are too few workers. That just ends up more or less as the scenario we're looking at at the moment. You can't give them to people living in the area, as this would cause mass emigration to the small area surrounding the company, and if someone wants to move they risk losing future food to do so. If you sell it, assuming a 20 P/E ratio and 4% dividends, which comes out to 80% of the earnings being distributed among the shareholders and 20% being used for expansion and maintenance and the like, that means the price comes out to 25 years worth of food to gain a years worth per year, which feels ridiculous. If you price it too low, however, those with money buy up as much as they can, price goes up anyway, and it looks like the stock market, where those who already have money get the spoils of the automation. Which doesn't help the common people at all.
So, how do you distribute the shares in a way that a person inconvenienced by automation can benefit?
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