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?
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.