The Robot Minimum Wage Plan (RMWP)

The scenario I am trying to work out is one where people displaced by robots in the workplace are eligible to receive a minimum wage paid for by the robot that replaces him. Here is a short story to explain the concept.

I’m just a normal guy living a normal life in a normal city on planet earth in the 22^nd century. They told us robots would take our jobs, and they have, thank god. Now I can spend the day in a meaningful way rather than drudge at life to eke out a living like my grandfather had to do.  He was a factory worker, but then again so am I.

Gramps worked 8-10 hours a day tightening wheel nuts in an auto factory and barely made enough to feed his family let alone buy a home or take a decent vacation. Then the robots came and took his job. Life went from bad to worse until his former employer opted into the Robot Minimum Wage Plan (RMWP) to save money on their robot budget and expand production.  

Now, the company hires robots from XYZ Robot Installation Company. They pay an hourly wage for each robot they hire depending on the complexity of the task the robot performs. The wage is fairly low to the company but since the robots work 24/7 it adds up. The robots pay income tax and the company pays payroll tax just like they always did. In addition though, a percentage of the wage goes into the RMWP.  

The RMWP collects money from all of the working robots and distributes it to humans as a minimum wage. As a descendent of a displaced worker, I am eligible to receive the wage. The goal is for everyone to eventually receive the wage and as more and more robots get to work that is coming about. 

While I could live on the wage at a subsistence level, I choose to work in the factory 3 days a week in order to improve my living conditions and lifestyle. Most human jobs are part time like mine so there are plenty of jobs to go around and with the RMWP the wages required are lower so companies and institutions tend to hire more people.

I’m happy because I work 3 days a week and live a comfortable life.

My friend and his wife choose to work 5 days a week and live in a nicer house and send their kids to private school. My spouse works at their daycare 3 days per week.

I have other highly successful friends who work in the robot industry … designing, building, installing and operating robots.

Nobody that I know works in a repetitive dirty job … the robots do that work.

People who are unable to work get their RMWP plus government disability assistance.

People who choose not to work get RMWP and can survive on that although we still need to work on trying to educate and motivate them. The abundance of clean part time jobs is helping with that.

The capitalist system still thrives. The best investments have turned out to be in Robot manufacturers, installers and servicing companies. Providing basic food and shelter has also proven to be a good investment since homelessness has all but disappeared.

The government is happy because they get taxes from robots.

Even bankers are happy because 100% of the population are consumers because they have money to spend.

Putting numbers together - this is a simple starting point open to modification and it represents only one segment … Industrial Robotics.

Average cost of an industrial robot system today is $100000 (Incl. installation & control system)

Robot wage - $25000 / yr

Taxes – 15% = $3750

RMWP contribution – 25% = $6250 ()

To Robot Integrator (Supply & install Robot) - 60% = $15000

RMWP payment required to support one adult = $10000

Please take a moment and comment with your impressions of this scenario. Could it work? I’d appreciate 2 points of view. Your first impressions and thoughts (positive or negative) followed by the opposite argument. If the first impression is positive (this could work because) then the second should be a rebuttal to the first (this will never work because). 

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