3 ms·

Not a lot of substance. He is basically saying that we should invest in training the existing workforce to adapt. That can happen even with UBI. He also says t

Not a lot of substance. He is basically saying that we should invest in training the existing workforce to adapt. That can happen even with UBI. He also says that UBI will cause wealth to be distributed equally which means less of the total tax will go to the poorer class. This is not exactly true because the idea is to give cold, hard cash instead of trickling down the wealth. So the dynamic will be different, and that is the whole idea. That just giving cash is generally better than welfare schemes.

keithnz 10y ago
having free (mostly subsidized) education through to tertiary level will be necessary in conjunction with UBI. If it is a workable idea at all.
- winstonewert 10y ago
  Can this exist? I know that many countries do provide free tertiary education, but in the cases I'm aware of, its a relatively small percentage of the population that gets tertiary degrees compared to the US.
  - 50CNT 10y ago
    I've heard Germany brought up as an example for free tertiary education, so this might be applicable. For Germany, secondary education splits into three tracks, with the upper third choosing between a traditional University track, a more vocational Fachhochschule, or a dual work/study arrangement in the form of a "Duale Hochschule". These all offer bachelor degrees, but AFAIK only the University track offers masters and doctoral programs. German universities are also sparser in regards to amenities and faculty/student ratios than US or UK universities, at least from what I've heard, which brings costs down further. Graduates from lower secondary tiers also have several options. There's the Ausbildung, where businesses train hires internally to meet requirements for certain positions. A bank may train an "Azubi" from Teller to Account Manager to Branch Manager. Then there's the Meisterwesen, which is still reminiscent of the guilds, and mostly prevalent in the trades (e.g., Carpentry, Baking, etc.). Levels go from apprentices, to journeymen, to masters, where masters are licensed to open their own workshops/stores. My personal perception is that socially, a master carpenter is on the level of a masters graduate, but still below that of a PhD, but that's still a fair bit of social mobility considering that this route is open to anyone with any secondary school degree. So whilst less people get a college degree, business and industry do provide routes to livable work without one.
  - Avelaps 10y ago
    In New Zealand we get interest-free student loans for up to 6 years of tertiary education with the possibility to get living costs with a weekly sum being part of this loan. Although you will be living marginally without an outside source for something like pocket money (A day a week is a pretty good compromise if you don't have savings). Effectively, anyone that wants to get a degree can. There is no barrier outside the academic. And this loan stays interest free until we leave the country long-term. A small percentage is taken automatically out of your pay when you finally start earning. It all works pretty well for us.
  - timv 10y ago
    The Australian system is similar to the New Zealand system mentioned by Avelaps. The overwhelming majority of Universities are government operated and are subsidised. There is a fee, that can be paid upfront or be deferred to be paid through the tax system after you graduate. In effect it's cheap(er) education with a loan system that: - Is interest free, but indexed at CPI - Does not survive death (i.e. your debt disappears when you die) - Is only repayable once you reach a specified level of income.

keithnz 10y ago

having free (mostly subsidized) education through to tertiary level will be necessary in conjunction with UBI. If it is a workable idea at all.

winstonewert 10y ago
Can this exist? I know that many countries do provide free tertiary education, but in the cases I'm aware of, its a relatively small percentage of the population that gets tertiary degrees compared to the US.
- 50CNT 10y ago
  I've heard Germany brought up as an example for free tertiary education, so this might be applicable. For Germany, secondary education splits into three tracks, with the upper third choosing between a traditional University track, a more vocational Fachhochschule, or a dual work/study arrangement in the form of a "Duale Hochschule". These all offer bachelor degrees, but AFAIK only the University track offers masters and doctoral programs. German universities are also sparser in regards to amenities and faculty/student ratios than US or UK universities, at least from what I've heard, which brings costs down further. Graduates from lower secondary tiers also have several options. There's the Ausbildung, where businesses train hires internally to meet requirements for certain positions. A bank may train an "Azubi" from Teller to Account Manager to Branch Manager. Then there's the Meisterwesen, which is still reminiscent of the guilds, and mostly prevalent in the trades (e.g., Carpentry, Baking, etc.). Levels go from apprentices, to journeymen, to masters, where masters are licensed to open their own workshops/stores. My personal perception is that socially, a master carpenter is on the level of a masters graduate, but still below that of a PhD, but that's still a fair bit of social mobility considering that this route is open to anyone with any secondary school degree. So whilst less people get a college degree, business and industry do provide routes to livable work without one.
- Avelaps 10y ago
  In New Zealand we get interest-free student loans for up to 6 years of tertiary education with the possibility to get living costs with a weekly sum being part of this loan. Although you will be living marginally without an outside source for something like pocket money (A day a week is a pretty good compromise if you don't have savings). Effectively, anyone that wants to get a degree can. There is no barrier outside the academic. And this loan stays interest free until we leave the country long-term. A small percentage is taken automatically out of your pay when you finally start earning. It all works pretty well for us.
- timv 10y ago
  The Australian system is similar to the New Zealand system mentioned by Avelaps. The overwhelming majority of Universities are government operated and are subsidised. There is a fee, that can be paid upfront or be deferred to be paid through the tax system after you graduate. In effect it's cheap(er) education with a loan system that: - Is interest free, but indexed at CPI - Does not survive death (i.e. your debt disappears when you die) - Is only repayable once you reach a specified level of income.