Please back up what you say with evidence. I happen to have several close friends with PhDs in economics who support this system.

Why would I back my claims up with evidence? Those guys should back their claim up, they're making it! I'm the guy who needs to be convinced here.

There is this new economic system being proposed to address all these realities of the future with the advancement of automation: http://p2pfoundation.net/Panoply