![]() Date: 2024-08-16 Page is: DBtxt003.php txt00012418 | |||||||||
Thinkers | |||||||||
Burgess COMMENTARY | |||||||||
Universal Basic Income
https://youtu.be/UqESogRgrYw
Inequality Media Inequality Media Subscribe3,019 Add to Share More 44,109 views 714 43 Published on Sep 29, 2016 What should we do when robots take most jobs? (It will happen sooner than think.) Robert Reich explains why a universal basic income may be the answer. Learn more about Give Directly and support their historic basic income pilot here: https://goo.gl/RUCjM1 Category News & Politics License Standard YouTube License SHOW LESS COMMENTS • 191 Transcript English (Automatic Captions) 0:00you see this no gadget that's called an 0:06eye everything you can't get it yet but 0:09if technology keeps moving as fast as it 0:11is now the I everything will be with us 0:14before you know it a combination of 0:15intelligent computing 3d manufacturing 0:17big data crunching and advanced 0:20biotechnology this little machine will 0:22be able to do everything you want and 0:25give you everything you need 0:27there's only one hitch as the economy is 0:30now organized no one will be able to buy 0:32it's because there won't be any paying 0:34jobs left you see the I everything will 0:37do everything i'm exaggerating a bit in 0:42order to make a point about the trend 0:44we're already seeing even now we're 0:47producing more and more with fewer and 0:49fewer people internet sales are on the 0:51way to replacing millions of retail 0:53workers diagnostic apps be replacing 0:56hundreds of thousands of healthcare 0:58workers self-driving cars and trucks 1:01will replace five million drivers where 1:04would you like to go 1:05researchers estimate that almost half of 1:08all US jobs are at risk of being 1:11automated in the next two decades now 1:13this isn't necessarily bad the economy 1:15we're heading toward could offer 1:17millions of people more free time to do 1:20what they want instead of what they have 1:22to do to earn a living but to make this 1:25work will have to figure out some way to 1:27recirculate the money from the 1:29relatively few people who do very well 1:32in the economy of the I everything to 1:34the rest of us will want to buy the I 1:36everything's one possible answer a 1:39universal basic income 1:42possibly financed out of the profits 1:45going to labor replacing innovations the 1:47idea of a universal basic income 1:49historically has had support from people 1:51on both the left and the right in the 2:04nineteen seventies President Nixon 2:05proposed a similar concept for the 2:07united states and even passed the House 2:09of Representatives I therefore propose 2:11that we abolish the present welfare 2:14system and a basic federal minimum would 2:17be provided the idea is getting some 2:20traction again 2:22some think it could be superior to 2:23welfare or other kinds of public 2:25assistance because a universal basic 2:27income doesn't tell people what to spend 2:30the assistance on and everyone qualifies 2:32in recent years evidence has shown the 2:35giving people cash as a way to address 2:37poverty actually works in study after 2:40study people don't stop working and they 2:42don't drink it away they actually use it 2:44to increase their earnings interest in a 2:48basic income a surgeon with governments 2:51debating it from Finland to canada to 2:53namibia the charity give directly is 2:57about to launch a basic income pilot in 2:59kenya providing an income for more than 3:0110 years to some of the poorest and most 3:04vulnerable families on the planet and 3:07then rigorously evaluate the results as 3:10new technologies replace work the 3:12question for the future is how best to 3:14provide economic security for all a 3:17universal basic income could be an 3:21answer 3:23[Music] Published on Sep 29, 2016 What should we do when robots take most jobs? (It will happen sooner than think.) Robert Reich explains why a universal basic income may be the answer. |