I understand that under capitalism, when automation happens, workers get fired. But under socialism, I don’t see a reason to hire new workers/expand the company. How would a new graduate find a job in the age of automation? Would they just start their own company?
Farming needs very few workers. Just look at what sectors employ the most people in any given country, and which ones of those aren’t likely to be automated away.
Also, full employment isn’t entirely necessary anymore, when a few workers and machines can feed and provide energy for millions.
How would people get paid then? I was under the impression that UBI is not socialism, and would cede a lot of power to the state/whomever is giving out UBI.
UBI is a capitalist proposal only because it leaves control of production, politics, and the amount of income provided in the hands of capitalists. In the hands of capital, it becomes a finely tunable lever to quell class struggle.
If a socialist state wants to provide it’s citizens with a basic level of goods and services, facilitated by a basic income or monthly labor vouchers, that is different.
Watch the videos and read the articles in the link I sent you.
To think there are liberals that call themselves socialist pushing for UBI serving their imperial masters.
Are you aware of the difference between a material unit and a price index? Recommend looking into the planning method used in the soviet union called material balance planning.