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Within a few years I think UBI or UBS will be required for people to continue living, in which case basic needs (bills) won't be a concern. There's just no way
by senordevnyc 7mo ago
Within a few years I think UBI or UBS will be required for people to continue living, in which case basic needs (bills) won't be a concern. There's just no way for us to transition fast enough to avoid high unemployment as AI replaces large swaths of jobs. I do worry about the ~10 year transition it will take for societal governments to react.
This strikes me as wildly optimistic. People aren't going to be able to live on UBI at a level where massive political and social unrest is averted unless it's like $2k per person per month, minimum. And I'm skeptical that the US government is going to start printing $8.5 trillion dollars of UBI in the next decade.
- WesolyKubeczek 7mo ago$2k of unconditional income means that the most basic bread at your store will cost $150 a loaf, and a bar of butter $180, $200 if unsalted.
- senordevnyc 7mo agoThis also seems wildly unrealistic. In a world where we need UBI because automation is destroying most jobs, I'd also expect food to get cheaper. In fact, I think almost everything would get cheaper except real estate, which is actually where I worry you'd see the kind of inflation you're talking about.