3 ms·
What happens if nobody works and how will we afford it are absolutely valid questions. A sovereign fund might answer both
by stevenalowe 11mo ago
What happens if nobody works and how will we afford it are absolutely valid questions. A sovereign fund might answer both
- _aavaa_ 11mo ago> nobody works That isn’t behavior that occurred in the pilot problems they talk about it.
- travisb 11mo agoAll the participants in those pilot programs *know* they are in a time-limited pilot programs and that in a handful of years the money will dry up. This is a major flaw in all UBI studies which make them all but useless. It will take 15 or 20 years before any UBI could be considered permanent enough for a majority of people to change their work habits.
- stevenalowe 11mo agoTwo or three generations would be my guess
- MattRix 11mo agoPeople’s habits are not usually driven by such long term thinking, but I think there’s a more fundamental thing you’re missing: People will continue to work as long as there is an advantage to working. In any well designed UBI system, those who are on UBI and continue to work will make more money than those on UBI alone, so most people will continue to work. Not to mention that most people enjoy working as it gives them a sense of purpose.
- climb_stealth 11mo agoI agree and disagree with you. These studies should be done with guaranteed payments for life. Otherwise it is just not representative. I do believe that people would still work though. Personally I would like to do a useful job with real benefit to society, but the low pay makes it not feasible. I would still want to work part time at least instead of not at all.
- conorcleary 11mo agoGolden Visas on sale now...
- gruez 11mo ago>A sovereign fund might answer both Barring AGI and a swarm of drones/nanobots, you still need people to work. Money is just a unit of exchange. If everyone on earth has a billion dollars, but nobody wants to work, nobody is going to be driving around in lambos.
- stevenalowe 11mo agoThis might seem outrageous but I expect to see it in the next couple of decades as AI and robots continue to get better and cheaper Utopia or dystopia? Probably both, unevenly distributed
- krackers 11mo agoWe will need people to work, but not everyone will have the capacity to fulfill that work, as jobs become increasingly specialized and the floor goes up
- bryanlarsen 11mo agoNot a major concern because any financially sustainable UBI is going to be so extremely miserly that most will choose to work. In other words, UBI will allow you to live on rice and beans in a flat with three roommates on the wrong side of the tracks.