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There may be valid criticisms of UBI, but this article doesn't mention any. > Our goal should be ... to foster the skills ... to make sure people can get into
by tlb 10y ago
There may be valid criticisms of UBI, but this article doesn't mention any.
> Our goal should be ... to foster the skills ... to make sure people can get into jobs, which would much more directly address the employment issues raised by [artificial intelligence] than would UBI.
That is the traditional solution, but we should question the assumption that is it the best way of life for most people.
> “Replacing part or all of that system with a universal cash grant, which would go to all Americans regardless of income, would mean that relatively less of the system was targeted towards those at the bottom—increasing, not decreasing, income inequality,” Mr. Furman said.
Nonsense. You can get any level of income inequality you want by choosing suitable numbers for UBI and tax rates. Furman is an economist, so he must understand such basic math. This part appears to be pure FUD.
- nefitty 10y agoFUD /fəd/ noun Fear, uncertainty and doubt (often shortened to FUD) is a disinformation strategy used in sales, marketing, public relations, politics and propaganda. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.
- chongli 10y agoThis part appears to be pure FUD. Welcome to economics, a modern form of astrology where politicians ask their friends if "the math" can support a position. Of course it can, if the economist wants it to.
- DominikR 10y ago> ... employment issues raised by [artificial intelligence] than would UBI. I didn't know that the economic situation we are in was caused by artificial intelligence. In fact I didn't even know that there was an artificial intelligence or that anyone has lost his job because of that.
- Retra 10y agoThere are artificial intelligences all over the place, and many people have lost their jobs to them. How many telephone switch operators do you know? Traffic control people? Typesetters?
- 11thEarlOfMar 10y agoFurman is making a political statement, not an economic one. He'd providing a glimpse of the current administration's position on UBI.