What if everybody got free cash? Myths and facts about Unconditional Basic Income
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Not SyncedSo our last speaker for the day
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Not Syncedhe's a Singularity University alumnus
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Not SyncedI'm very proud of that and he's written a book that I love
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Not Syncedand I tweet and speak about all the time
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Not Syncedand his book is called "Robots Will Steal Your Job, But That's OK"
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Not Synced
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curiosity.studio commented on English subtitles for What if everybody got free cash? Myths and facts about Unconditional Basic Income | |
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curiosity.studio
Curious to see how long it would take to type in subtitles. Here's 1:00 to 3:30. Didn't add in pauses. Haven't reread it. Hope it helps.
We’re going to see a lot of implications. I want to focus on one particular aspect which is unconditional basic income. So before I talk about it I actually just want to mention a couple of things that came up in my head as you guys were talking. I think two slides are missing from Peter’s presentation. One is that the income inequality gap advances exponentially especially in the US, but also in other countries most worrisome in the most developed countries where you would expect this effect to not be so prevalent. And, the other is the ecological debt. We’ve been in ecological debt since the 1970’s and we’ve been going [nb: getting] worse and worse and worse every year and there doesn’t seem to be any slowing down on this. So, we need to address these kind of things, but now I’m just going to talk about this one because we don’t have a lot of time.
So there is a lot of ideas. People have a lot of ideas and assumptions about what a basic income means. They have sort of a conventional wisdom brought by various ideologies political thinking or just our common sense of what the effects of what a basic income would be in society. And there is a lot of misunderstanding of what an unconditional basic income is because there are lots of variations. One is called “Basic Income Guarantee”, another one is the passive income tax, so there are lots of different things, but the specific one that I’m going to talk about today is unconditional basic income. So, one can talk about the moral and social implications. I think that would be the most interesting part for the Q&A discussion and I could make the moral argument for an unconditional basic income but I’m not going to do that now. I just want to look at the data first. And, instead of having an idea or ideology and then trying to cherry pick the data to fit whatever ideology I have I’m going to do exactly the opposite. I’m going to look at the data and then based on the results from real people who are actually in the real world being examined using scientific studies then we’re going to try to make sense of the data because actually in my book I was against the idea of an unconditional basic income because studies have shown that even people with full employment benefits, so they supposedly had no reason to be unhappy they were the most unhappy people of the entire sector of society. Even unhappier than those who were unemployed and were not receiving the benefits. So there is a caveat to this I’m going to address it later. So let’s just look at the data.