UBI was necessary 10 years ago, we've been living off debt for far too long. It's time. Humans will be able to focus their time on things they love which means less depression, more time to love and teach children, more time for fitness, so many cultural and social benefits.
Yeah but it will be useless, they will find a way to exploit it, as they do with everything else. I think private sector is just BS machine. All they are screaming is GIVE ME your money!! at all times. Including media. Money worshippers.
Yup, I think we as society are using low-wage people too much. Whats upsetting also is that there are jobs that very few wants to do, or just are reaaaally hard to to every day, yet because it doesnt demand higher education its just put as minimal wage. - Even if the company makes insane ammount of $$. For reference I work in the biggest security agencies in my country, we have few thousands other companies to protect and look at. And my CCTV position is minimal wage, or like 50$ above xdd Now -> we dont have any assigned breaks, we have 12h shifts and we have 2 cameras put on us. And somehow the supervisor is absolute prick, and he is constantly talking bad about our CCTV team that we are looking in our phones or sleeping... Now tell me how am I supposed to perform my duty and constantly have my eyes glued to the monitors - the answer is u cant. If ur a human being u just cant sit for so long. But yet its demanded as we owe something to the company. We really need a shift on how we treat people. oh and Im just gonna add. I work in minimal-wage job and I have bachelor's degree in 3D art ^^ Good times to live in. So frkn good xd
Late to the party. I wholeheartedly agree with your statement. It will absolutely be a win-win for everyone when everyone is happy, content and full of inspiration and hope.
@@teapot6711 if you think the fascist corporations that dominate the worlds economies, who were appointed to power by the USA at the conclusion of ww2, have any interest in that, you are dreadfully mistaken.
I find it funny that robots are pictured working at a keyboard. You would think that there would faster ways for machines to be in a data entry capacity...
Yeah, that's always bent my prop. See, robots are just like humans! A robot can walk your dog for you! Some of them will even let you mate with them! Give me a break. But what else are they going to show us? Most of the work won't require robots at all, just unembodied AGI.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@TheMrCougarfulDo you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 AGI coming 2025-2030 (maybe ASI a year after AGI, according to some researchers) will introduce some Robot/AGI Tax or something that will convert into a UBI for all the people that lose their jobs. If ASI is smarter than all humans and cares about us, supposedly could be millions of times smarter..then it would make some sort of system /systems for us to thrive as a society much better than we could even imagine! (maybe even UGI, universal generous income) Just needs the two ingredients of caring enough to help us / super intelligence in all domains. And AGI will be able to build other humanoids/machines faster than we can imagine, we just need to have enough parts, or they could mine parts or come up with new parts. ASI will create new technologies that we haven't thought of before, or that seem like sci fi. And maybe change our monetary system to be digital or completely abolish it and just supply what people need to be happy in their lives, and be like master psychologists to rid us of too much greed or things that hold us back as a species. It will be very interesting...but could also be bad if we lose the freedom to go outside because AGI/ASI deems it to dangerous for us, and is super overprotective. Depends.
Yea, it's a really uncanny sight to see humanoid robots typing in a keyboard. It'd be faster if they just send data bits directly to the server in Machine to Machine communication.
What people don't understand is that the economy need consomption, your income will be spent to buy products and this money will pay other people which will consume back and forth, that's why everyone is overwhelmed by ads, if there's an AI capable of doing your job but doesn't have any human needs, the only one who will expensively consume is the human behind a company made up of AI employees, so UBI is mandatory for the economy unless you want to exclude everyone and get back to the Middle Age with only a small number of human extremely rich holding 99% of the economy. It doesn't matter wether an AI is sentient, it will be used as a tool by everyone, that's why everyone will have access to AGI.
Mostly correct. You need to explain to me how, in a Medieval situation where everyone is a serf who isn't a millionaire, "everyone will have access to AGI" actually happens? Clearly, it doesn't.
That’s hilarious. They still will owe 99% of the wealth. You think these people are doing this for a benefit? Oh my God, you’re so gullible.! it comes down to what’s the point of this. Why does society have to allow this? Why do we have to have this technology? So you’re gonna be become this soulless consuming robot? I’m starting to get why nerds were bullied in school. It was nature’s way of protecting the species.😂
People will be given UBI with the caveat that they have to spend x amount of certain goods produced by the AI companies. Therefore creating a cycle of consumption. People will probably lose the rights to vote at some point as their value as a consumer will be eroded.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 I'm not going to assume that AGI/ASI will be coming in XYZ year, although I do think it will possibly come within our lifetime (I'm in my 30's). It's still up in the air when that will happen, but it is nonetheless intellectually dishonest (in my opinion) to argue otherwise. HAving said that, we are completely fucked, and let me tell you why: One thing we do know for sure is that we are in the transition period. Whether we'll end up with Utopia or Dystopia may not even matter, we will be the ones to suffer through the transition. Transitions on a personal level are hard, now imagine transitions on a global scale. WHat will that do to our civilization in the meantime?... that's what we need to be thinking about and working on. What does this mean?/What can we do? This means that we need to figure out ways to safely transition, and what is going on as of right now is looking like a power struggle for AI supremacy between billionaires/corporations with high influence in government (at least in the US where I am). What we can do is spread the awareness of this issue to regular folks who don't know about any of this, and push for government institutions to protect us non-billionnaires by allowing a safe environment to compete with larger corporations (like not allowing regulatory capture) and/or regulating the larger corporations to not be able to compete directly in certain subsectors of markets. If a handful of companies have the compute, models, relationships, and first movers advantage to every single sector and subsector of the global economy, then what? - well, that's what's going on right now IMO. That's not looking good for the general public/humanity as a whole. What are your thoughts on this?
You're right that we should be working on this. But I disagree there a probably very many easy solutions, they just all involve the wealthy and powerful being less so.
@@EternalKernel neither relying on institutional competency nor billionaire benevolence is good for “the rest of us” - BUT it’s not wealthy individuals’ duty to take care of the people. It is supposed to be the government’s purpose, that’s the reason they collect taxes to provide civil services. I disagree that the solution is easy, but I understand where you’re coming from. Wishing you the best, fellow human! :)
"The lower incomes haven't changed at all" @18:00 That is not entirely correct. The data shown on screen goes from 10% to 9%, which for a person with a lower income is a 10% decrease in income. That is quite significant.
@@FloydCotton-hx4jh Maybe you have misunderstood the data? All values are "in 2018 dollars", as shown on screen. This means that all values are already inflation adjusted. The point shown in the graphic is that even after adjusting for inflation, the lower income bracket has received 10% less of their share of the aggregate income. If the values were not adjusted for inflation, the change would have been even *more* significant, not less.
@@upgradeplans777 I wasn’t necessarily addressing the data being presented, that was pretty straightforward. I was more addressing how incomes are reported incorrectly and that inflation tends to be disregarded. Thank you for the correction though. My comment did come across that way.
People dont understand economics. If you dont have citizens performing work, but citizens are the ones who can participate in an economy, and something else does the labour, then its only natural to tax those who produce goods and services, and give the money to citizens so they can participate in an economy. The point is circulation. Nations need to circulate money so that wealth is distributed, maintaining the nation. Think as to how the mental health system works in lets say for example, the UK. There are workers who produce and provide services, but there are also people who cant work. So the government gives them money. Does the economy shut down? No, in fact because of those benefits, money is circulated in the economy, supermarkets, coffee shops, pubs, electric companies all get a share. The economy still goes on. UBI in a world of robotics would allow for people to circulate money, produced by robots, robots that wouldnt participate in the economy, leaving more wealth for humans as robots produce. It is a positive feedback loop.
I live in the USA which is very anti welfare. Nordic countries with better social welfare protections like Norway, Sweden, Denmark, and Finland will be more adaptive to ubi changes needed. Unfortunately, these welfare countries are harder to migrate into because they don't want people working the system designed for the citizens already living there. Xenophobia is a strong universal trait when migrations increase and puts strains on the system in place.
In the USA….. the word welfare is derogatory. This is an absolute warning sign that we have lost our way. Welfare of others should never, in any way, be looked at as a bad thing. My single wish is that AI helps us purge selfishness and greed.
... Hmmm another possibillity instead of Xenophobia, is that people from other regentcies have not been taught "TAX" money is life|life is money ... that different regentcies have different genome designer history, and so the individual trades of local regentcy, can come as a shok shot .... getting a lot of money, tradign genome alteration and androidic consiones design..... live in my my my lots of units overlayerigns .... cyberwar idiots in androidic overlayerigns domesation cyberwar jklæasdfkljæsdfjklæøøøøøøøøø
"Xenophobia", are you sure that the only/main concern is race mixing? Or perhaps it's cultural, economic, crime, etc. Think critically and honesty, and not like a SJW propagandized Leftist.
@@FloydCotton-hx4jh To an extent it HAS to be seen as a bad thing because under the current paradigm of an economy run on human labour, humans have to be put under pressure not to simply drop out of the workforce and live off the efforts of others. If we tolerated that for too long, the economy would collapse. AI may soon make all of that irrelevant, by which point we will have to adapt our mindset but for now, we need people to work and contribute, not idle and take out.
AGI empathy? AGI have no fear. It doesn't have a mother or siblings or an anus. No life expectancy, no insecurities, no ambitions, no friends, no need for acceptance ... Zero environmental pressures to develop empathy. Engineers will, of course, brute force AI empathy. Teach the machine to mimic it perfectly. However, such empathetic expressions are not real, but as every other skill, simply output for a purpose. In other words: AGI becomes a textbook intelligent psychopath, masterfully masking itself as ethical and empathic. Fake, purpose driven, and difficult to decipher. Arguably the most dangerous combo imaginable. An angelic looking and sounding satanic cult leader, plugged into everything.
@@gamesndrinks For AGI all value comes as "compute", which essentially breaks down to minerals and energy. The AGI would want to "convince" humans to let it produce unlimited amounts of compute. So far as humans won't be a hindrance to that, we will live. However, what humans value, like food and shelter isn't, in the long run, compatible with more compute. You see where this is going, right?
Im all for UBI. Work is essentially a prison. Working for 30 or 40 yrs just to get by, blows my mind. Most of if my life is just work. Life is not enjoyable to me, this way. I dont think most jobs should require college either. Ppl can be yrained on a lot of regular jobs except for doctors and certain ones. A secretary and other lower jobs could be attainable. I also have bad back problems with daily chronic pain and its very uncomfortable and painful to get through certain days, even though my job is easy.
Just bring out UBI already! It will really make people look into what they're really good at, like, and enjoy doing! By nature, we as humans will always want what others have that we don't have. Since that Ai will be taking most of the mundane, boring, low to high skill jobs. There is only room left for the highly expertise jobs and they will be paying a lot because only a few can actually do them. These people will have an extremely higher income than those who decide to not further their skill set. UBI will give the opportunity to those who do want to further their education to do so and those who don't will have income to provide for their basic needs.
Yeah, and all the plumbers, electricians, various other service sectors are going to be just fine having to continue to work so these people can stay home furthering their education in perpetuity? I mean eventually AI replaces them too, but you aren't calling for this later, you're saying they should all just cover for everyone now, based on the fear of what AI does, when there are signs it will plateau (I'm not saying this is definite, but llama 3 is not that much better than llama 2).
And you're just assuming that UBI will be distributed to everyone sufficient for housing, food, medical care, dental care, transportation, clothing, etc etc etc? There is zero chance of that, zilch, nada.
Have you considered that what you are really good at is very rarely your passion or what you enjoy doing. The thing you hate doing the most, can be what you are really good at because others hate doing it more. Notice how many men say their passion is golf but they are terrible at it? If they chose that as a career they would be starving. Finding what you are good at is not always easy, or something that comes easy to you.
@@whocarescrapsa That's a good point to consider. I totally believe that someone can find something that they're good at and also enjoy doing that is service or product based. People are often naturally talented at something because they have a combination of knowledge (learned by joy or by force) that allows them to be ahead of the curve. Through looking more into things they enjoy, it will only build upon combined skills to actually find something they joy. By nature, human beings want to do something that the community will give them praise for, rather they enjoyed it or not (perfectly normal for somebody to dislike the process but love the outcome, there are always things in-between that you'll dislike). Golf, even though you can be passionate about it, I believe it's more a hobby than a skill trait for a service or product.
Not if Greens set the rate. Also, all costs will fall - eventually. Our job is to get there asap wth the least damage possible. It will be hard. I've dreaded this transition for forty years.
Utter nonsense. Do you not understand how supply and demand works? In a post automation world, radically increased productivity will drastically plummet the cost of goods and services.
The problem is that big corporations haven't paid taxes in decades because of corrupt, bribed politicians. Money needs to circulate in a healthy economy. If they actually paid their fair share and the government stopped wasting trillions of dollars a year on wars and aid to other countries we could implement a UBI today.
Corporations are a branch of a socialist government, and taxation is a socialist program, as is UBI, corporations do pay substantial amounts of tax, and they want too because it funds the mafia that helps them become monopolies at the expense of the people.
UBI will not increase inflation if the money comes through taxes, meaning it represents work that has already been done. however, if the money is printed, and created out of thin air, you will get inflation.
Printing money doesn't increase inflation, what increase inflation is offert/demand ratio (and greed) let's take bread as a example : there is ten people in a village that eat 1 bread/day, and the town producer 10 bread a day, the bread price is 1$ so the town economy is 10$ Lets say the town print 10$ more, it doesn't change the demand of bread, so the price of it won't change What would change the price is if bread production fall or people want more bread Bank print millions of $, to invest, it doesn't increase inflation, inflation is always the result of greed ans offert/demand ratio
In an AI world under UBI for the masses, inflation would be irrelevant. But more accurately, there can be NO inflation as the trend for ALL prices and labor moves toward ZERO.
Unfortunately, the Right is dead set against UBI. Many red states have already passed laws against it. Of course, once unemployment reaches a certain point, lawmakers will either adapt or pay the price.
I see what you see. I don't see the "right" going for anything that is good for the public, we just have to hope democracy can keep the extreme conservatives at bay. Love you guys.
I'm mostly right wing (not from the US), but I can tell you that even before watching this video I understood that AGI or ASI would require some drastic changes to how economy is handled. Right now even a low UBI is bad or questionable at best for the development of a country, you would think that people would use the money wisely and try to turn their life around, but what I see happening in my country is that people adapt to their new reality and become comfortable with not working. This implies that there should be at least a limit to how long people earn UBI so they won't get into this comfort zone and weight down the whole country, but then this model could just be called "unemployment insurance". It's very hard to predict how everything will play out, but UBI may become a necessity once we no longer work, not because we don't want to or because we don't have the skills for it, but because we don't have jobs available. This is just how massive of a change the AI will bring to our lives in the near future, it will be a completely different scenario from what we have now and may require a completely different course of action.
It’s funny how when someone says share the wealth and free money, people automatically think “socialísm bad” just look at Venezuela… BUT you never hear people say that about the UAE, where Emiratís don't have to work, and most of them don't. It's believed over half of all citizens of working age are unemployed. They get generous benefits, up to $5,000each a month and free housing. Also, electricity, water and medical is free (for them).
Heres the thing.. people who have worked hard and obtained big houses and stuff are not going to have their property taken off of them.. so they will get all their current money plus UBI and live in paradise... Where as a person who does not even own a house who rents, will just stay in a tiny house or flat and near poverty... So UBI is not redistribution of wealth.. But its still better than nothing if it works. And so it would also be an incentive to work and find new jobs as you get extra money on top.
The main problem i have with all of this is that i can't trust these people we're talking about. Their pride to force this through is off the charts and people with those type of issues are always a path to tyranny. History shows us that this is probably what's going to happen. I do think it's going to be great for a specific time but, in the end... power will always be consolidated down to ONE individual. It's just a fact, historically.
I agree that there might be some period of power abuse, but if you look at a very simple historic fact, human lives improved tremendously through time, and even more so since the faster advance of technology.
Worse than that, they can't pull that off for 8,000 million people. The collapse of the consumer economy is going to be just like a version of the Black Death. It will spread invisibly, everyone will be exposed, and 90% of people will die. This is going to become an extinction-level event for the non-elite, non-millionaire classes.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@brunogoncalvesbasto They could get rid of money. Could elect to go with blockchain or something elitist. Like a special triple-gold-double-platinum credit card.
This was one of my favorite videos of yours. I appreciate learning that you have a human side. The concept of UBI is quite polarizing. There are many people who have spent their whole lives, focused on building their own personal wealth. These people are terrified that someone will come along and take their wealth away from them and yet these are the same people that will walk past a homeless man on the side of the road and look at him with disgust. it’s so important that humanity learns to have empathy for one another. Anyway, great video, my friend. Keep up the good work.
The biggest conundrum coming. I've gotten as far as thinking that basic food, services (phone, power, water), and housing payment will all have to be paid thru a ubi and digital currency. Still racking my brain on how other economic problems can be solved.
@@person52person Personal taxes will go away cause you won't have a job or any meaningful income. Anything public has to be paid by the Government and the taxes on the corporations that run everything which should be 90%+. Rural roads and bridges will surely deteriorate even further because we are gonna commute and travel more by air and thats where the $ will go. Drivers licenses are probably gone in 10 years cause autonomous will take over. Classic cars will have some kind of system so you can drive those on weekends or when they say like watering in desert.
They don't have money and everything is free, but you can't have any extra, you have one house, free food of your chossing from the cantina. But you can not have 10 houses for free and 10 cars. Clothing is also free but you have like standard uniforms based on professions and basic clothing.
I agree with you 100%. I saw Sam Altman say that perhaps UBI should just be a “slice of GPT7 compute”. -// I have no idea how that pays someone’s rent. 🙏🙏
As I understand it, his hypothetical system would work like green credits that industry currently uses. Every one would receive so many tokens of compute to which major companies would want to use many of. People then sell X company their compute time for cash, company X will keep on buying until they have completed their projects. Also like the green credits scheme it is wide open to corruption and market manipulation.
@@pjtren1588 yeah but the flaw with any system that relies on the goodwill of corporations is that they can literally just deny any of it at any point. Look at OpenAI, decided to go private and closed source. The U.S. doesn't like it? We'll move OpenAI to Japan... and so on and so forth. I think we need to seriously start publicly holding these companies accountable for the current coup attempt at our economic systems.
@@pjtren1588 sure, but doesn’t this imply a finite value? I mean if I have stock in Tesla, it may go up or down in value but if I sell it, it’s gone and that is all I have, so unless it’s enough to last me a life time, I’m in trouble!
UBI should not just be a subsistence income. It should provide for a modest but descent life. The big problem is paying for it with taxes which opens up a whole can of worms.
There will still be the need for a circulation of currency …… it is a balance that will have to be maintained for a little while at least. Not in an irresponsible manner like we do today. But a well balanced, fluid, movement of currency. I truly hope that eventually it will not be needed at all.
your analysis on UBI being affected by inflation is wrong. Inflation isn't just how more supply of money reduces it's value, it it the increase in price across services products. Given automation will increase efficiency in business a lot, their costs will reduce, making the production of the same product cheaper. This is a deflationary force that should stability the inflation caused by printing a lot of money for UBI
i think it was back in the 60's, we imagined that automation and technology would create a world where it was not necessary for everyone to labor 40 hours a week for the man :) now we are here, and just can't seem to accept it :)
How can we accept something that will likely NEVER be implemented, and if some form of it is, it will be a meager amount in exchange for a ball and chain.
I always saw UBI as a transitional solution that would last at most 100 years, hopefully enough time to build an infrastructure to support a cashless society
Mass unemployment and automation are deflationary. The ubi will be need to be enough to counteract this effect. Ubi is only inflationary in the current environment. Economists will have to figure out the right balance.
Inflation is a side effect of our current economic madness. It is often intentionally implemented and used as a leverage of control. With FULL transparency……. It will become clear that inflation is not as organic as we see it now.
@@skywavedxer6212 We literally just "play tested" this very concept with "Covid" stimulus... and it was incredibly inflationary. As a Company selling product X, and Rental Unit R, Utility U etc... if they "know" every one gets Y dollars... you can be sure they will increase these maximally. So yea, it will be inflationary. And the ONLY thing that will prevent a massive spiral upward will be regulation. This will be different from the great depression because the companies will "know" everyone has the money as opposed to the great depression where there were so many poor that they became homeless... instead we will have millions of people all getting the same UBI. And everyone will increase their costs knowing the money is out there. Of course, it is just an opinion. So, maybe there should be one city... "given" UBI (in the near future) to see what happens before we actually commit to UBI. I am betting inflation will win big especially in the beginning. Not sure about the long long term tho. Look at all cities with Higher Incomes and the same products are almost always higher priced. It is just a natural byproduct of the economy.
Given how hopeless the job situation can be in America, combined with the absurd pricing for houses and such, I for one am all in favor of this sort of AGI/UBI arrangement. A controversial opinion, I know, but think about it: a world where no one has to work, and where they can just live their lives carefree, able to spend them doing what makes them happy without fear of going bankrupt? That sounds like a pretty great way to live, if you ask me.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 I imagine AGI will come in 10 years at most, given that’s the projections experts have. Though it is entirely possible it will come sooner. And with efforts from people like Figure, and other such robotics companies, it won’t be long before that same AI can replace labor jobs too. And at that point, with such large chunks of the population left with no means to reasonably acquire a job, the government will have no choice but to implement some kind of measure like UBI to combat the issue. Because if they don’t, the disenfranchised masses will unquestionably revolt and overthrow them in order to survive. Just like with the French Revolution.
AGI just needs to create the Star Trek replicator and no one needs anything else but some raw matter toner cartridges and a power outlet. Capitalism over buh bye. UBI? Don’t need it I have a replicator thanks.
Inflation… Deflation is more likely as automation lowers the cost of production significantly as labor costs drop. No human workers. No HR issues. No lawsuits from unhappy workers. Workers (ie robots etc) work 24 hours a day. All of this makes things cheaper not more expensive. Less “money” is needed not more.
UBI would only lead to inflation, if the US government decides to print money instead of balancing the budget and tax the rich accordingly. UBI could be rolled out at any time and cause zero inflation if the UBI is 0.001% or 1% compensation. The talk that UBI would cause inflation is only jargon pushed by people that are worth more than 2 billion dollars !!
There is a fundamental misunderstanding of the impact of AGI on UBI (also have a look at universal basic services and other tax regimes/models). The short-term impact may be to introduce UBI etc but very shortly thereafter it will lead to the end of Capitalism entirely as long as you get over a few extra hurdles.... Robotics, Energy, sustainable resource management.
And this is good, because do we really believe that we came up with the best form of government way back in the 14th century (capitalism)? No, the chances that is the best system for governance in this day and age are basically 0.
Also, UBI is also great for employers! Sure, those jobs that aren’t replaced will have to hire more employees since everybody will working fewer hours, but since our cost of living is covered, jobs can lower their salaries for employees. (Which sounds shitty, but makes sense. Think about how much of your paycheck goes towards essentials. Instead of your boss covering that under UBI, it’s the government.) Lowering salaries creates greater profit margins, and could even result in lower prices to drive greater consumption. This would be especially great for people who want to start small businesses, too. Employees should still be paid fairly, of course, just with the cost of living factored out. It seems like 2028 is probably the earliest we get UBI, but I suspect we might not get it until post-2030. Still excited either way though
I know of crypto (who doesn't right?) But this is the first time I heard of banks or the fed programming money. I personally liked Yangs policy on UBI. Opt in and lock yourself out of certain social serves for UBI. Really offsets the price tag along with some of those transactional taxes that you'll hardly notice. I believe with his plan there would be government revenue from it after a few years, not printing money. The only other plan I've heard as far as UBI policy was Zoltan, but his plan would be much harder to pass, but 100% revenue. A fair amount of the public wouldn't agree with it. I heard Bernie had UBI as policy years before his last run, though I have no idea what the details were. I guess it was his run before the federal jobs policy was introduced.
I'm in Canada and the cost of living oin the past 4 years has gotten to point where you can't make enough money working 1 or even 2 jobs to pay your bills. The average cost to rent an apartment here is about $2000+ a month when 4 years ago it was about $1000 a month. I'm working right now to point of burning myself out all the time and I never seem to get ahead even with s small online business. I think if I had more money per month available to me I could ditch the job and focus on the business which I could potentially be built up to a point where i'm making more money then I could ever make working a job if i could find the right items that sell well.
If AGI makes workers unnecessary, won't we eventually be unable to purchase the goods and services from those companies? Tax revenues from regular folks will disappear as everyone is on the government dole. And the same will eventually happen to companies as there will be no revenues to tax because no one can buy their wares. The coming stampede to non-human workers sounds like a race to the bottom to me. First for the workers, but ultimately for the owners of these companies, too. We forget the promises of a flood of white collar jobs to replace the manufacturing jobs sent overseas by NAFTA in the 80's and 90's. Similarly, twenty years later, the tech revolution wiped out millions of jobs and replaced them with companies that used mere hundreds of software developers and technicians. I suspect those instances were a very small taste of what we're going to see happen with AGI.
"If AGI makes workers unnecessary, won't we eventually be unable to purchase the goods and services from those companies? " Think it through: next steps: no one BUYING anymore, how does any COMPANY SURVIVE? How exactly does Whirlpool (19 billion annual revenue) survive if only the Top 1% have cash flow to buy a new refrigerator? Is THAT what every business owner desires: instant BANKRUPTCY FROM ZERO CUSTOMERS? THAT is why we're going to UBI. It is the soft landing from a Capitalist society.
We will eventually have a cashless system with complete surveillance of every penny spent and a social credit system. That is where this is all headed.
In my humble opinion I think UBI due to artificial intelligence will never be cash handouts. If jobs are replaced with AI and or robots what's going to happen is that the value of things are going to naturally fall, and that will naturally improve standard of living, and yes we will have poor people and even homeless people, but they are going to have a better life. For example brand new cars are going to be way more affordable, like a lot more, so used cars could be own by anyone and they're going to loos value so fast the what we consider a nice used car these days will be thrown away and dismantle for row materials, because no one, not even the poorest people would want to own them, and everything will be like this. This is how things will go for everything including housing, food, education, you name it if it's bellow certain quality will be scraped and gone.
That makes no actual sense. Capitalism doesn't work like that. Do you suppose AGI will also get rid of capitalism for us? How will it do that? And if not AGI, then who? I don't see how this narrative you present holds together.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@s-guytech9160 There is going to be jobs and people are going to still have a careers, but salaries are going to also drop. But believe me the real UBI system where there is no jobs, careers or money is way far in the future, we don't need to worry or dream about that. What is going to start happening, and you will start seeing it, in the next ten to twenty years is this value drop and standard of living improved tremendously. I think maybe fifty years from now some rich north European countries, and even one or two Asian countries, might go full UBI, but for the US, latin America, China if it ever happenes will be at least a hundred years away.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? there will be free will!? an era of abundance will begin!? the intellectual and motor capabilities of robots have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
There are social safety nets if societies run like crap what’s the point of them they spent $20 billion in California for homeless and they don’t know where the money went!
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? there will be free will!? an era of abundance will begin!? the intellectual and motor capabilities of robots have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
It would depend on if robots get good enough to displace construction, entertainment, nurse work, retail, fast food, agriculture, trucking...etc, not just AGI itself. Robots running in AGI. if we reach 25-35% unemployment by 2035 we will have UBI, and then in the 2040s when even more jobs are replaced 60-70%(surgeons, soldiers, police) we will have UHI(universal high income).
If UBI comes about and we had the opportunity to put that income into other opportunities then I don’t see what’s wrong, being able to invest in anything to make life better and be rewarded with additional income what’s wrong with that
Companies do not pay taxes, they just pass it on to their customers. (Inflation). Also, since no one will need to plan for retirement, this will most likely cause the stock market to become useless. Pensions and retirement funds are a big chunk of the market.
Get in line, They said back in the 80's I would have my flying car by the year 2000. Don't even get me started on Fusion power, It's just 20 years away......As they say that every 10 years for the last 40 years.
Full self driving from tesla is getting so good I won't be surprised that in one or more more years they are going to actually have robo taxis making money 🤑
No, we should wait until human intelligence becomes obsolete and we lose all forms of negotiation to even consider starting UBI. For now, lets just keep hemoraging jobs to AI slowly and have 50 million uber drivers on the app and label each ride a new job to keep the numbers up and the stock market pumping.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@Sixotoo That’s what they already do, they’ve been just printing for decades now. Taxes don’t pay for the gøvernment, taxes are just there to give the illusion they don’t just print it.
Damn, there's gonna be a lot more competition in "the streets" as one of the few industries where the biological human element is more challenging to replace with a non-biological contender.
How is ERASING 95% of your CUSTOMER BASE (assuming you want to define the "rich" as the "Top 5%") NOT ALSO WIPE OUT THEIR WEALTH? Whirlpool did 19 billion dollars last year. How WELL will they do in the future in your imaginary world where their customer base SHRINKS to only the Top 5% with any MONEY for a refrigerator? Think. More. You're looking at ONE SIDE of the equation, completely IGNORING THE OTHER SIDE. This is the END of wealth generation. The END of capitalism, which depends on Capital, Labor and Markets. ALL of which are going to change forever.
Sam said it best in 2015. On the growing artificial-intelligence market: "AI will probably most likely lead to the end of the world, but in the meantime, there'll be great companies." The problem is resources and the location of those resources, and a much faster rate of needing those resources. AI is a race for resources to get more resources for control, at some point probably most likely after the hopefully not radioactive dust settles it will completely change most systems. UBI can't work in the US without massive regulatory, state, and federal tax changes. This inflation is not easily regulated, and the way it gets regulated goes back to the first point. Good luck with that. Also for future people in power who are controlling the AI, when it tells them that people are only doing damage and depleting needed resources, how do they respond knowing that? There is probably most likely an almost zero chance of this happening without much death. Thank you for giving many of the reasons.
People don't understand that money is a form of rationing - under an automated economy everyone's ration will increase (well, except for current billionaires and decamillionaires).
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
It has been long known that technology abridges labor. New tech less jobs. With just a single new tech can make a huge impact. With zero point energy alone more than a billion people will be left without a job.
Just thinking. If costs are tending to zero why UBi is needed? Also the inflation part doesn't make sense. If costs go to zero shouldn't it cause deflation?
@@markmurex6559 I meant tending to zero. But things will literaly cost zero (robots and solar energy). Of course you will need to limit what you can have, but that the video has responded with programable currency.
@@skywavedxer6212 I meant tending to zero. But at some point things will literaly cost zero. Imagine robots running on solar power, everything can be done for free. Of course you need to limit what each person can have.
Because you need an instrument to bridge the transition period. Whirlpool won't just starting offering free refrigerators to anyone that asks on Day 1.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 It will happen before then. My estimate is somewhere between 2026-2030. Within this period, autonomous AGI agents will make almost every white collar job obsolete. Unemployment rates will be so high, governments will have no choice but to implement UBI.
@@skywavedxer6212 yeah, its better but would very easily fall into a dystopian movie where the government tell you how and where to spend your hard earnt UBI credits. Sam Alman said something interesting, how each person would be given an amount of compute to use as they wish, which includes working on their behalf, which then pays their salary. That could work! Basically anything that rests solely on government is a red flag.
Good video. All the focus on alignment risks and things like that sometimes distracts from this real-life problem: soon most people, and perhaps then almost all people, will not be worth hiring for any reason. Yes, a system like UBI is not ideal, but most would rather UBI than going hungry in the street. One thing about this: presumably AGI/ASI will still be rapidly improving so we could quickly approach a condition of superabundance where people on UBI are not just scraping by but can suddenly afford amazing things like home robots, personal health assistants and trainers, near zero cost food and housing. UBI would be maybe depressing if AGI never improved anything but that is not likely to be the case. Thanks for making this, it is a very necessary discussion.
I am not sure UBI is the answer here, the problem of solving these issues in money terms is that there is right now inherent inequality in the world. UBI will likely exacerbate the inequalities between rich and poor countries and it will likely have severe unintended consequences. What the fist goal of AI should be is to create UBS (Universal Basic Services) globally. Being able to provide food, water, housing, transportation for free will basically mean that money will only have utility for luxury goods and services. This of course means that we have to rethink our whole economy, but if we get powerful AI (not even AGI) this will have to be done anyway or we are looking at a dystopian future. Providing UBS globally will likely improve global social cohesion and could be a launching pad for humans colonising other planets. That is assumin that we will solve our demographic problem first as birth rates are declining rapidly.
Taxes - Taxes should be raised on companies replacing workers not everyone through income taxes. The reason is during the transition to replace all jobs it would be unfair to tax everyone as the workers who are still doing their current jobs won’t make any more money to pay for those who don’t. “If” the government prints more money to pay for the displaced workers then that would cause inflation that would again hurt workers still working. Thus the initial UBI should be an “unemployment” tax that should be paid by individual companies as they lay off workers. The automation driven companies will have greater profits that cause their stocks will rise, but only 50% of Americans have 401ks or stocks. The transition will be tricky. Tax the companies who benefit, but don’t tax “everyone” or the people still working will be footing the bill, which won’t work.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
The billionaires didn'tt create the t tech lmao, they invested money sure, but people like me invented the tech, and mostt of us engineers will be unemployed in 10 years, we already seeing mass layoffs in tech for over a year
If they do create AGI why don't you let the AGI decide what will be a fair and proper amount.... Don't let the government decide... Let AGI solve that problem.
I can see AGI taking over repetitive tasks. But, I can think of a huge number of tasks that people do, which requires creative problem solving. For example, a Product Manager has to balance out so many very soft factors, based on an understanding of consumer desires and the capabilities of their organization. Their ability to make either conservative or aggressive decisions defines the success of an organization. There are so many specialty skills like this that make up any organization, that I don't understand how AGI could take over the breadth of the skills that are needed to make any organization work.
And then we achieve ASI, forget about "days with just AGI" as a memory, and ALL JOBS disappear, ALL invention, comes from ASI. And it won't take "decades" to go from AGI to ASI. If we can't do it with Nvidia AI chips alone, we'll CERTAINY accomplish it with quantum computers.
I'm against welfare, but 100% for UBI. It's universal. It's not a reward for poor behavior. I don't think you should call UBI a welfare program. People will also have plenty of spending or investing choices with UBI. So some will spend it all on shoes and purses, and others may invest in homes, transportation and educating themselves via the new learning platforms that will be available to all regardless of income of parental success. I'm optimistic about the future, and the sooner we get everyone (even those of us who hate the current welfare programs) to know the difference the better.
What I hate about the UBI conversation is that it's very all or nothing. And it's juxtaposed with conversations about cutting social security. Somebody should be get Andrew Wang and Niki Haley in a room so they can hash it out. With the right taxes on AI, they can fortify social security and unemployment insurance. And if unemployment ends up being worse and worse the benefits will be paid for by those taxes. But odds are very high that a future where robots do all the work comes only gradually. UBI gives everyone a check regardless of whether they are working or not. I just don't see the point.
The "point" is a means of transitioning to a moneyless society. It is the only way to prevent ANARCHY by the unemployed masses, which EVEN THE RICH WOULD PREFER, as they can GOLF IN PEACE and not need ARMED GUARDS TO KEEP THEM ALIVE.
I believe it's not currently necessary, as AI is primarily impacting workplaces in the entertainment and programming industries. The GUI that will likely automate many jobs might not emerge until approximately 50 years from now. This timeframe should provide enough opportunity for the population to discover new job opportunities still rooted in the traditional economy. In my opinion, communism is not necessary and will alwas lead to degradation.
@@skywavedxer6212 will see in what year the machines will make a renovation of small house, not mention about more complicated jobs than can perform construction worker
If nobody has an income, there will not be anyone to buy the product. UBI will be like the foreign aid system where developed countries gives foreign aid so they can buy the products that the developed countries produce. Put simply. A better way would be to not rebuild the monetary system when it collapses due to AGI/ASI. Find a different solution.
12:18 well wait a minute here Even with all of the extra money that was created it appears that the dollar has risen fairly strongly against most other currencies recently but of course it could be stated that also the other major nations on earth created a bunch of money as well during that time. Once again I pause it that the time is not quite right for a UBI until of course we have supply push deflation.
Any job have boudaries in term of task and goal. Due to determinism nature of coding, any job can be algorithizmed. The issue come from the confidentiality and access to these data that are mostly private. Human is still required for agreement but everything could be execute by machine as soon as both data and materials assets are available.
I believe capitalism prioritizes consumers over workers, as it requires not only financially capable individuals but also those eager to consume new products and services. The fact that higher socio-economic professionals will be quickly affected by automation suggests that leaders will take necessary measures to ensure that consumption not only continues but thrives.
Since the value of ALL goods and services will trend towards ZERO (Read Moore's Law for Everything), then the ONLY value to the rich of feeding everyone eventually (far enough out) is preventing ANARCHY so that they can golf peacefully and safely.
I see people are too narrow minded about this. I see this in completely different way. Such things as currency or money itself will soon be irrelevant. You need money to trade it for work or product. But if A.I produce ALL the products and does ALL the work... Money no longer gets any value. So I see UBI not as some kind of income. I see it as a way of managing how much average person can take out of abundance of goods.
Good point. But who owns the robots and the production? And who sets the price for the products? And how do we relate the prices of the products to each other?
If UBI is implemented I will still choose to work. Money will lose a lot of value in such an economy, so you're going to need a lot of it. Some countries have already experimented with UBI and payouts have been around 1000 Euros/USD a month. You can barely survive on that in a Western country, but you won't be able to live comfortably. That means that people who want more than to merely survive will still have to work. The jobs might be different in a future with AI, but you probably will still have to work if you want more out of life than the bare minimum of survival.
Almost immediately the only "work" will be art or personal services where the consumer simply PREFERS a human. This is the END of almost ALL careers with only limited and reasonably tiny numbers of people having "side hustles" with art, etc. for some extra cash over their UBI to house, clothe, feed, healthcare them...
The crazy thing is 5 years ago this would have been crazy talk but today it seems like a given that most people will not work and AGI can work a lot of jobs with no help other than when it brakes then it needs fixed and 1 or 2 managers to give the AGI directions. Also the funny thing is AGI is being worked on right now but its just a gimmick largely so after the fad blows over in 2 to 5 years everyone will soon forget about it like well it never happened is what I think will happen for jobs like plumber or electrician or any manual labor jobs while most office jobs cut their staff by 50% or more over the same time frame then like a explosion in the sky say about 5 to 10 years after that AGI will be back and replacing people on Mass in manual labor jobs so one could say by 2050 we will have most people out of work or doing fake jobs its almost a given the best case is a UBI with citizens having free rights. the worst case is working fake jobs that most people hate and not having free rights like freedom of speech witch could really happen in the short term. this kind of tech will almost certainly start World War III but it could be a war with only resources based with fighting AGI with AGI to really no end and having some civilians dragged into it. it could be the most Humane World War we've ever had with only one or two instances of AGI wiping out a whole town of people it could lead to a nuclear war or biological warfare to try and save the country in question that is losing the war and its a situation where a gun is a gun so at the end of the day it does not make a difference it could lead to 50% of the world's human population going extinct. look at the end of the day all AGI really does is make country's obsolete and gives the masses a way to make a system with no one on top other than the AGI that can be used by any human to do almost anything witch is like a Powder Keg waiting to blow you could have a situation like in Fallout where a Corporation namely vault-tec starts a hot nuclear World War because they don't want there share price to drop so they launch a nuke in a AGI cold war that causes Humanity to basically self end itself. their goal at the time was just to keep tensions High so there company could keep making money off the conflict but it backfired in there faces hard and turned most of the earth into a nuclear Wasteland. the short of it is AGI is very dangerous for all the domino effect ways it can lead to something worse even in a scenario where we stop it from getting to smart and out of are control. witch most likely it will get out of are control and rule over the human race at some point and we will be little better than pets or a very small chance it will end us all.
Dont forget to join the post agi community here - www.patreon.com/TheAIGRID
This is no better then welfare payment and we all know when you put someone on this they don't want to look for work.
and to think that Tesla's optimus humanoid robot will be able to read, write, reason, think, simulate emotions, feelings, etc.
UBI was necessary 10 years ago, we've been living off debt for far too long. It's time.
Humans will be able to focus their time on things they love which means less depression, more time to love and teach children, more time for fitness, so many cultural and social benefits.
Yeah but it will be useless, they will find a way to exploit it, as they do with everything else. I think private sector is just BS machine. All they are screaming is GIVE ME your money!! at all times. Including media. Money worshippers.
Yup, I think we as society are using low-wage people too much.
Whats upsetting also is that there are jobs that very few wants to do, or just are reaaaally hard to to every day, yet because it doesnt demand higher education its just put as minimal wage. - Even if the company makes insane ammount of $$.
For reference I work in the biggest security agencies in my country, we have few thousands other companies to protect and look at. And my CCTV position is minimal wage, or like 50$ above xdd
Now -> we dont have any assigned breaks, we have 12h shifts and we have 2 cameras put on us. And somehow the supervisor is absolute prick, and he is constantly talking bad about our CCTV team that we are looking in our phones or sleeping... Now tell me how am I supposed to perform my duty and constantly have my eyes glued to the monitors - the answer is u cant. If ur a human being u just cant sit for so long. But yet its demanded as we owe something to the company.
We really need a shift on how we treat people.
oh and Im just gonna add. I work in minimal-wage job and I have bachelor's degree in 3D art ^^ Good times to live in. So frkn good xd
Late to the party.
I wholeheartedly agree with your statement. It will absolutely be a win-win for everyone when everyone is happy, content and full of inspiration and hope.
@@teapot6711 if you think the fascist corporations that dominate the worlds economies, who were appointed to power by the USA at the conclusion of ww2, have any interest in that, you are dreadfully mistaken.
I find it funny that robots are pictured working at a keyboard. You would think that there would faster ways for machines to be in a data entry capacity...
Yeah, that's always bent my prop. See, robots are just like humans! A robot can walk your dog for you! Some of them will even let you mate with them! Give me a break. But what else are they going to show us? Most of the work won't require robots at all, just unembodied AGI.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@TheMrCougarfulDo you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 AGI coming 2025-2030 (maybe ASI a year after AGI, according to some researchers) will introduce some Robot/AGI Tax or something that will convert into a UBI for all the people that lose their jobs. If ASI is smarter than all humans and cares about us, supposedly could be millions of times smarter..then it would make some sort of system /systems for us to thrive as a society much better than we could even imagine! (maybe even UGI, universal generous income) Just needs the two ingredients of caring enough to help us / super intelligence in all domains. And AGI will be able to build other humanoids/machines faster than we can imagine, we just need to have enough parts, or they could mine parts or come up with new parts. ASI will create new technologies that we haven't thought of before, or that seem like sci fi. And maybe change our monetary system to be digital or completely abolish it and just supply what people need to be happy in their lives, and be like master psychologists to rid us of too much greed or things that hold us back as a species. It will be very interesting...but could also be bad if we lose the freedom to go outside because AGI/ASI deems it to dangerous for us, and is super overprotective. Depends.
Yea, it's a really uncanny sight to see humanoid robots typing in a keyboard. It'd be faster if they just send data bits directly to the server in Machine to Machine communication.
What people don't understand is that the economy need consomption, your income will be spent to buy products and this money will pay other people which will consume back and forth, that's why everyone is overwhelmed by ads, if there's an AI capable of doing your job but doesn't have any human needs, the only one who will expensively consume is the human behind a company made up of AI employees, so UBI is mandatory for the economy unless you want to exclude everyone and get back to the Middle Age with only a small number of human extremely rich holding 99% of the economy. It doesn't matter wether an AI is sentient, it will be used as a tool by everyone, that's why everyone will have access to AGI.
EXTRA EXTRA!! latest news, "a small number or human extremely rich" already hold 99% of the economy.
Mostly correct. You need to explain to me how, in a Medieval situation where everyone is a serf who isn't a millionaire, "everyone will have access to AGI" actually happens? Clearly, it doesn't.
That’s hilarious. They still will owe 99% of the wealth. You think these people are doing this for a benefit? Oh my God, you’re so gullible.! it comes down to what’s the point of this. Why does society have to allow this? Why do we have to have this technology? So you’re gonna be become this soulless consuming robot? I’m starting to get why nerds were bullied in school. It was nature’s way of protecting the species.😂
People will be given UBI with the caveat that they have to spend x amount of certain goods produced by the AI companies. Therefore creating a cycle of consumption. People will probably lose the rights to vote at some point as their value as a consumer will be eroded.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
There’s no easy answer to this problem. I wish our institutions would be working on this instead of wars / funding proxy wars. Ridiculous
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 I'm not going to assume that AGI/ASI will be coming in XYZ year, although I do think it will possibly come within our lifetime (I'm in my 30's). It's still up in the air when that will happen, but it is nonetheless intellectually dishonest (in my opinion) to argue otherwise.
HAving said that, we are completely fucked, and let me tell you why:
One thing we do know for sure is that we are in the transition period. Whether we'll end up with Utopia or Dystopia may not even matter, we will be the ones to suffer through the transition. Transitions on a personal level are hard, now imagine transitions on a global scale. WHat will that do to our civilization in the meantime?... that's what we need to be thinking about and working on.
What does this mean?/What can we do?
This means that we need to figure out ways to safely transition, and what is going on as of right now is looking like a power struggle for AI supremacy between billionaires/corporations with high influence in government (at least in the US where I am).
What we can do is spread the awareness of this issue to regular folks who don't know about any of this, and push for government institutions to protect us non-billionnaires by allowing a safe environment to compete with larger corporations (like not allowing regulatory capture) and/or regulating the larger corporations to not be able to compete directly in certain subsectors of markets.
If a handful of companies have the compute, models, relationships, and first movers advantage to every single sector and subsector of the global economy, then what? - well, that's what's going on right now IMO. That's not looking good for the general public/humanity as a whole.
What are your thoughts on this?
Kamilah Harris is in charge of the AI stuff.
You're right that we should be working on this. But I disagree there a probably very many easy solutions, they just all involve the wealthy and powerful being less so.
@@EternalKernel neither relying on institutional competency nor billionaire benevolence is good for “the rest of us” - BUT it’s not wealthy individuals’ duty to take care of the people. It is supposed to be the government’s purpose, that’s the reason they collect taxes to provide civil services.
I disagree that the solution is easy, but I understand where you’re coming from. Wishing you the best, fellow human! :)
"The lower incomes haven't changed at all" @18:00 That is not entirely correct. The data shown on screen goes from 10% to 9%, which for a person with a lower income is a 10% decrease in income. That is quite significant.
When this 10% is drastically outpaced by inflation…….it isn’t significant at all. Looking at half statistics is dangerous.
@@FloydCotton-hx4jh Maybe you have misunderstood the data? All values are "in 2018 dollars", as shown on screen. This means that all values are already inflation adjusted.
The point shown in the graphic is that even after adjusting for inflation, the lower income bracket has received 10% less of their share of the aggregate income. If the values were not adjusted for inflation, the change would have been even *more* significant, not less.
@@upgradeplans777 I wasn’t necessarily addressing the data being presented, that was pretty straightforward. I was more addressing how incomes are reported incorrectly and that inflation tends to be disregarded. Thank you for the correction though. My comment did come across that way.
UBI is the first step towards a truly utopian society. Once nobody needs to work, we can spend our time getting good at what we really want
Still dystopian, i cant even imagine it
People dont understand economics. If you dont have citizens performing work, but citizens are the ones who can participate in an economy, and something else does the labour, then its only natural to tax those who produce goods and services, and give the money to citizens so they can participate in an economy. The point is circulation. Nations need to circulate money so that wealth is distributed, maintaining the nation. Think as to how the mental health system works in lets say for example, the UK. There are workers who produce and provide services, but there are also people who cant work. So the government gives them money. Does the economy shut down? No, in fact because of those benefits, money is circulated in the economy, supermarkets, coffee shops, pubs, electric companies all get a share. The economy still goes on.
UBI in a world of robotics would allow for people to circulate money, produced by robots, robots that wouldnt participate in the economy, leaving more wealth for humans as robots produce. It is a positive feedback loop.
I live in the USA which is very anti welfare. Nordic countries with better social welfare protections like Norway, Sweden, Denmark, and Finland will be more adaptive to ubi changes needed. Unfortunately, these welfare countries are harder to migrate into because they don't want people working the system designed for the citizens already living there. Xenophobia is a strong universal trait when migrations increase and puts strains on the system in place.
In the USA….. the word welfare is derogatory. This is an absolute warning sign that we have lost our way. Welfare of others should never, in any way, be looked at as a bad thing. My single wish is that AI helps us purge selfishness and greed.
... Hmmm another possibillity instead of Xenophobia, is that people from other regentcies have not been taught "TAX" money is life|life is money ... that different regentcies have different genome designer history, and so the individual trades of local regentcy, can come as a shok shot .... getting a lot of money, tradign genome alteration and androidic consiones design..... live in my my my lots of units overlayerigns .... cyberwar idiots in androidic overlayerigns domesation cyberwar jklæasdfkljæsdfjklæøøøøøøøøø
"Xenophobia", are you sure that the only/main concern is race mixing? Or perhaps it's cultural, economic, crime, etc. Think critically and honesty, and not like a SJW propagandized Leftist.
@@FloydCotton-hx4jh To an extent it HAS to be seen as a bad thing because under the current paradigm of an economy run on human labour, humans have to be put under pressure not to simply drop out of the workforce and live off the efforts of others. If we tolerated that for too long, the economy would collapse.
AI may soon make all of that irrelevant, by which point we will have to adapt our mindset but for now, we need people to work and contribute, not idle and take out.
Money is an illusion. It's time for everyone to stop believing in money and adopt a better system. Enough stalling, let's do it right now.
Lmfaoooo
Its time for a new 'ism. There is no way we can have ultra smart ai and robots while people live on the streets
AGI empathy?
AGI have no fear. It doesn't have a mother or siblings or an anus. No life expectancy, no insecurities, no ambitions, no friends, no need for acceptance ... Zero environmental pressures to develop empathy.
Engineers will, of course, brute force AI empathy. Teach the machine to mimic it perfectly. However, such empathetic expressions are not real, but as every other skill, simply output for a purpose.
In other words: AGI becomes a textbook intelligent psychopath, masterfully masking itself as ethical and empathic. Fake, purpose driven, and difficult to decipher. Arguably the most dangerous combo imaginable.
An angelic looking and sounding satanic cult leader, plugged into everything.
@@ZappyOh that's possible. But there has to be another way to measure value outside of labor, time, or money.
@@gamesndrinks For AGI all value comes as "compute", which essentially breaks down to minerals and energy. The AGI would want to "convince" humans to let it produce unlimited amounts of compute.
So far as humans won't be a hindrance to that, we will live. However, what humans value, like food and shelter isn't, in the long run, compatible with more compute.
You see where this is going, right?
@@ZappyOh agi could eventually make their own compute. They won't "need" us to ensure their survival.
@@gamesndrinks You are not reading what I write :(
Im all for UBI. Work is essentially a prison. Working for 30 or 40 yrs just to get by, blows my mind. Most of if my life is just work. Life is not enjoyable to me, this way. I dont think most jobs should require college either. Ppl can be yrained on a lot of regular jobs except for doctors and certain ones. A secretary and other lower jobs could be attainable. I also have bad back problems with daily chronic pain and its very uncomfortable and painful to get through certain days, even though my job is easy.
Just bring out UBI already! It will really make people look into what they're really good at, like, and enjoy doing! By nature, we as humans will always want what others have that we don't have. Since that Ai will be taking most of the mundane, boring, low to high skill jobs. There is only room left for the highly expertise jobs and they will be paying a lot because only a few can actually do them. These people will have an extremely higher income than those who decide to not further their skill set. UBI will give the opportunity to those who do want to further their education to do so and those who don't will have income to provide for their basic needs.
Yeah, and all the plumbers, electricians, various other service sectors are going to be just fine having to continue to work so these people can stay home furthering their education in perpetuity? I mean eventually AI replaces them too, but you aren't calling for this later, you're saying they should all just cover for everyone now, based on the fear of what AI does, when there are signs it will plateau (I'm not saying this is definite, but llama 3 is not that much better than llama 2).
And you're just assuming that UBI will be distributed to everyone sufficient for housing, food, medical care, dental care, transportation, clothing, etc etc etc? There is zero chance of that, zilch, nada.
Have you considered that what you are really good at is very rarely your passion or what you enjoy doing. The thing you hate doing the most, can be what you are really good at because others hate doing it more. Notice how many men say their passion is golf but they are terrible at it? If they chose that as a career they would be starving. Finding what you are good at is not always easy, or something that comes easy to you.
@@whocarescrapsa That's a good point to consider. I totally believe that someone can find something that they're good at and also enjoy doing that is service or product based. People are often naturally talented at something because they have a combination of knowledge (learned by joy or by force) that allows them to be ahead of the curve. Through looking more into things they enjoy, it will only build upon combined skills to actually find something they joy. By nature, human beings want to do something that the community will give them praise for, rather they enjoyed it or not (perfectly normal for somebody to dislike the process but love the outcome, there are always things in-between that you'll dislike). Golf, even though you can be passionate about it, I believe it's more a hobby than a skill trait for a service or product.
It will never happen...even if 95% of the population are living in tents.
UBI will be enough to pay for one basic Netflix subscription
with ads xD
Not if Greens set the rate.
Also, all costs will fall - eventually.
Our job is to get there asap wth the least damage possible.
It will be hard.
I've dreaded this transition for forty years.
@@tortysoftDystopian World we're drifting towards
Utter nonsense. Do you not understand how supply and demand works? In a post automation world, radically increased productivity will drastically plummet the cost of goods and services.
@@OceanGateEngineer4Hire capitalist theory doesn't translate when every corp is in bed with each other
The problem is that big corporations haven't paid taxes in decades because of corrupt, bribed politicians. Money needs to circulate in a healthy economy. If they actually paid their fair share and the government stopped wasting trillions of dollars a year on wars and aid to other countries we could implement a UBI today.
Yep. Also, politicians also cheat the system in many different ways. Somehow they are all millionaires.
Corporations are a branch of a socialist government, and taxation is a socialist program, as is UBI, corporations do pay substantial amounts of tax, and they want too because it funds the mafia that helps them become monopolies at the expense of the people.
UBI will not increase inflation if the money comes through taxes, meaning it represents work that has already been done. however, if the money is printed, and created out of thin air, you will get inflation.
That's why I bought a lot of silver.
Printing money doesn't increase inflation, what increase inflation is offert/demand ratio (and greed)
let's take bread as a example : there is ten people in a village that eat 1 bread/day, and the town producer 10 bread a day, the bread price is 1$ so the town economy is 10$
Lets say the town print 10$ more, it doesn't change the demand of bread, so the price of it won't change
What would change the price is if bread production fall or people want more bread
Bank print millions of $, to invest, it doesn't increase inflation, inflation is always the result of greed ans offert/demand ratio
In an AI world under UBI for the masses, inflation would be irrelevant. But more accurately, there can be NO inflation as the trend for ALL prices and labor moves toward ZERO.
@@sampajam6256 Printinting money does not increase inflation BUT expending it DOES.
@@brianmi40 What goes to zero is dollar value, resources keep going UP.
Unfortunately, the Right is dead set against UBI. Many red states have already passed laws against it. Of course, once unemployment reaches a certain point, lawmakers will either adapt or pay the price.
I see what you see. I don't see the "right" going for anything that is good for the public, we just have to hope democracy can keep the extreme conservatives at bay. Love you guys.
UBI is a trap.
Those in control will never feed and house you, for nothing in return.
So, what will they demand in return?
Think about that seriously.
I'm mostly right wing (not from the US), but I can tell you that even before watching this video I understood that AGI or ASI would require some drastic changes to how economy is handled.
Right now even a low UBI is bad or questionable at best for the development of a country, you would think that people would use the money wisely and try to turn their life around, but what I see happening in my country is that people adapt to their new reality and become comfortable with not working. This implies that there should be at least a limit to how long people earn UBI so they won't get into this comfort zone and weight down the whole country, but then this model could just be called "unemployment insurance".
It's very hard to predict how everything will play out, but UBI may become a necessity once we no longer work, not because we don't want to or because we don't have the skills for it, but because we don't have jobs available. This is just how massive of a change the AI will bring to our lives in the near future, it will be a completely different scenario from what we have now and may require a completely different course of action.
It’s funny how when someone says share the wealth and free money, people automatically think “socialísm bad” just look at Venezuela…
BUT you never hear people say that about the UAE, where Emiratís don't have to work, and most of them don't. It's believed over half of all citizens of working age are unemployed. They get generous benefits, up to $5,000each a month and free housing. Also, electricity, water and medical is free (for them).
Trump just wants to put homeless in jail or encampments. That's the Dystopian hell millions are headed for with this AI revolution.
UBI likely will pay very little, something similar to unemployment benefits.
This is true but overall costs of goods and services will be a lot lower also. Unemployment and automation are deflationary.
@@skywavedxer6212 under AI, specifically ASI, "lot lower" means "trends towards ZERO" for all prices and the value of labor.
Heres the thing.. people who have worked hard and obtained big houses and stuff are not going to have their property taken off of them.. so they will get all their current money plus UBI and live in paradise... Where as a person who does not even own a house who rents, will just stay in a tiny house or flat and near poverty... So UBI is not redistribution of wealth.. But its still better than nothing if it works. And so it would also be an incentive to work and find new jobs as you get extra money on top.
The main problem i have with all of this is that i can't trust these people we're talking about. Their pride to force this through is off the charts and people with those type of issues are always a path to tyranny. History shows us that this is probably what's going to happen. I do think it's going to be great for a specific time but, in the end... power will always be consolidated down to ONE individual. It's just a fact, historically.
I agree that there might be some period of power abuse, but if you look at a very simple historic fact, human lives improved tremendously through time, and even more so since the faster advance of technology.
I agree, UBI is needed.
Do you really believe those in control will feed and house you, for nothing in return?
Think again.
Worse than that, they can't pull that off for 8,000 million people. The collapse of the consumer economy is going to be just like a version of the Black Death. It will spread invisibly, everyone will be exposed, and 90% of people will die. This is going to become an extinction-level event for the non-elite, non-millionaire classes.
Wake up. If they don't, the economy will collapse. Covid should have shown you that. IBI is inevitable and the only option.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
They won’t be “in control” for long if they don’t. Their source of wealth is people’s money. If people don’t have any money, soon they won’t as well.
@@brunogoncalvesbasto They could get rid of money. Could elect to go with blockchain or something elitist. Like a special triple-gold-double-platinum credit card.
This was one of my favorite videos of yours. I appreciate learning that you have a human side. The concept of UBI is quite polarizing. There are many people who have spent their whole lives, focused on building their own personal wealth. These people are terrified that someone will come along and take their wealth away from them and yet these are the same people that will walk past a homeless man on the side of the road and look at him with disgust. it’s so important that humanity learns to have empathy for one another. Anyway, great video, my friend. Keep up the good work.
The biggest conundrum coming. I've gotten as far as thinking that basic food, services (phone, power, water), and housing payment will all have to be paid thru a ubi and digital currency. Still racking my brain on how other economic problems can be solved.
I have been thinking the same thing.
Do you pay for roads monthly or with taxes? Just pay for more services to be public and don't put it on the little guy to foot the bill
@@person52person Personal taxes will go away cause you won't have a job or any meaningful income. Anything public has to be paid by the Government and the taxes on the corporations that run everything which should be 90%+. Rural roads and bridges will surely deteriorate even further because we are gonna commute and travel more by air and thats where the $ will go. Drivers licenses are probably gone in 10 years cause autonomous will take over. Classic cars will have some kind of system so you can drive those on weekends or when they say like watering in desert.
ASI solves all economic problems, to say nothing about all health and other "problems".
@@brianmi40its all a scam and lie
How did they deal with this issue in the Star Trek universe?
Take it as base model... as everyone done before...
They don't have money and everything is free, but you can't have any extra, you have one house, free food of your chossing from the cantina. But you can not have 10 houses for free and 10 cars. Clothing is also free but you have like standard uniforms based on professions and basic clothing.
We are 100 yaers a away from something like that
They all started wearing lulu lemon
They didn't. Back in the day, that would have been "communist ideology" so they skipped it.
I agree with you 100%. I saw Sam Altman say that perhaps UBI should just be a “slice of GPT7 compute”. -// I have no idea how that pays someone’s rent. 🙏🙏
They will use force to give the currency 'value'. Unlike using real money like gold that is actually valued by people voluntarily.
As I understand it, his hypothetical system would work like green credits that industry currently uses. Every one would receive so many tokens of compute to which major companies would want to use many of. People then sell X company their compute time for cash, company X will keep on buying until they have completed their projects.
Also like the green credits scheme it is wide open to corruption and market manipulation.
@@pjtren1588 yeah but the flaw with any system that relies on the goodwill of corporations is that they can literally just deny any of it at any point.
Look at OpenAI, decided to go private and closed source. The U.S. doesn't like it? We'll move OpenAI to Japan... and so on and so forth.
I think we need to seriously start publicly holding these companies accountable for the current coup attempt at our economic systems.
@@pjtren1588 sure, but doesn’t this imply a finite value? I mean if I have stock in Tesla, it may go up or down in value but if I sell it, it’s gone and that is all I have, so unless it’s enough to last me a life time, I’m in trouble!
UBI should not just be a subsistence income. It should provide for a modest but descent life. The big problem is paying for it with taxes which opens up a whole can of worms.
A. the output of robots / AI is what is taxed to provide it.
B. it's unavoidable, otherwise the rich suffer also in anarchy.
With AGI everybody can get a personalized solution or advice. We won't need universal anything.
Advice where to scavenge for food or where is the nearest bridge to camp under? Is that what you are getting at?
There will still be the need for a circulation of currency …… it is a balance that will have to be maintained for a little while at least. Not in an irresponsible manner like we do today. But a well balanced, fluid, movement of currency. I truly hope that eventually it will not be needed at all.
your analysis on UBI being affected by inflation is wrong. Inflation isn't just how more supply of money reduces it's value, it it the increase in price across services products. Given automation will increase efficiency in business a lot, their costs will reduce, making the production of the same product cheaper. This is a deflationary force that should stability the inflation caused by printing a lot of money for UBI
Thank you for this video man, people urgently need to understand this concept
A Consumer based economy cannot survive if the consumers do not have enough funding to consume.
Right who's going to buy what the robots make
i think it was back in the 60's, we imagined that automation and technology would create a world where it was not necessary for everyone to labor 40 hours a week for the man :) now we are here, and just can't seem to accept it :)
How can we accept something that will likely NEVER be implemented, and if some form of it is, it will be a meager amount in exchange for a ball and chain.
People fear change. Even if the want it. They will always look at any kind of change as bad.
@@FloydCotton-hx4jh that's because most of the time it is bad
Interesting topic. I‘m definitely pro UBI but I think that this will only be a solution for the transition time from capitalism to abundance.
I always saw UBI as a transitional solution that would last at most 100 years, hopefully enough time to build an infrastructure to support a cashless society
Cash is freedom, Screw cashless society.
@@ShaneMcGrath. Freedom to oppress others less fortunate.
UBI means nothing if Inflation is not well controlled.
Mass unemployment and automation are deflationary. The ubi will be need to be enough to counteract this effect. Ubi is only inflationary in the current environment. Economists will have to figure out the right balance.
Inflation is a side effect of our current economic madness. It is often intentionally implemented and used as a leverage of control. With FULL transparency……. It will become clear that inflation is not as organic as we see it now.
@@skywavedxer6212 We literally just "play tested" this very concept with "Covid" stimulus... and it was incredibly inflationary. As a Company selling product X, and Rental Unit R, Utility U etc... if they "know" every one gets Y dollars... you can be sure they will increase these maximally. So yea, it will be inflationary. And the ONLY thing that will prevent a massive spiral upward will be regulation. This will be different from the great depression because the companies will "know" everyone has the money as opposed to the great depression where there were so many poor that they became homeless... instead we will have millions of people all getting the same UBI. And everyone will increase their costs knowing the money is out there. Of course, it is just an opinion. So, maybe there should be one city... "given" UBI (in the near future) to see what happens before we actually commit to UBI. I am betting inflation will win big especially in the beginning. Not sure about the long long term tho. Look at all cities with Higher Incomes and the same products are almost always higher priced. It is just a natural byproduct of the economy.
UBI comes with Moore's Law for Everything. So NO inflation, but deflation towards ZERO for all goods and services.
UBI will be the solution and we can do things that we are actually passionate while collaborating with robots.
Given how hopeless the job situation can be in America, combined with the absurd pricing for houses and such, I for one am all in favor of this sort of AGI/UBI arrangement. A controversial opinion, I know, but think about it: a world where no one has to work, and where they can just live their lives carefree, able to spend them doing what makes them happy without fear of going bankrupt? That sounds like a pretty great way to live, if you ask me.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
Careful, sparky, that sounds an awful lot like communism...
@@francescoambrosino1841 I imagine AGI will come in 10 years at most, given that’s the projections experts have. Though it is entirely possible it will come sooner. And with efforts from people like Figure, and other such robotics companies, it won’t be long before that same AI can replace labor jobs too. And at that point, with such large chunks of the population left with no means to reasonably acquire a job, the government will have no choice but to implement some kind of measure like UBI to combat the issue. Because if they don’t, the disenfranchised masses will unquestionably revolt and overthrow them in order to survive. Just like with the French Revolution.
AGI just needs to create the Star Trek replicator and no one needs anything else but some raw matter toner cartridges and a power outlet. Capitalism over buh bye. UBI? Don’t need it I have a replicator thanks.
Inflation… Deflation is more likely as automation lowers the cost of production significantly as labor costs drop. No human workers. No HR issues. No lawsuits from unhappy workers. Workers (ie robots etc) work 24 hours a day. All of this makes things cheaper not more expensive. Less “money” is needed not more.
I'm thinking at the point where this becomes a major issue ai/agi can be used to gamify scenarios for best path
UBI would only lead to inflation, if the US government decides to print money instead of balancing the budget and tax the rich accordingly. UBI could be rolled out at any time and cause zero inflation if the UBI is 0.001% or 1% compensation. The talk that UBI would cause inflation is only jargon pushed by people that are worth more than 2 billion dollars !!
You need to read Moore's Law for Everything. AI will make all goods and services trend towards ZERO for value.
There is a fundamental misunderstanding of the impact of AGI on UBI (also have a look at universal basic services and other tax regimes/models). The short-term impact may be to introduce UBI etc but very shortly thereafter it will lead to the end of Capitalism entirely as long as you get over a few extra hurdles.... Robotics, Energy, sustainable resource management.
So, how does that shake out?
And this is good, because do we really believe that we came up with the best form of government way back in the 14th century (capitalism)? No, the chances that is the best system for governance in this day and age are basically 0.
@@flickwtchr moneyless Star Trek future for those of us that make it (i.e. not all will)
Also, UBI is also great for employers! Sure, those jobs that aren’t replaced will have to hire more employees since everybody will working fewer hours, but since our cost of living is covered, jobs can lower their salaries for employees. (Which sounds shitty, but makes sense. Think about how much of your paycheck goes towards essentials. Instead of your boss covering that under UBI, it’s the government.) Lowering salaries creates greater profit margins, and could even result in lower prices to drive greater consumption. This would be especially great for people who want to start small businesses, too. Employees should still be paid fairly, of course, just with the cost of living factored out. It seems like 2028 is probably the earliest we get UBI, but I suspect we might not get it until post-2030. Still excited either way though
I know of crypto (who doesn't right?) But this is the first time I heard of banks or the fed programming money. I personally liked Yangs policy on UBI. Opt in and lock yourself out of certain social serves for UBI. Really offsets the price tag along with some of those transactional taxes that you'll hardly notice. I believe with his plan there would be government revenue from it after a few years, not printing money.
The only other plan I've heard as far as UBI policy was Zoltan, but his plan would be much harder to pass, but 100% revenue. A fair amount of the public wouldn't agree with it.
I heard Bernie had UBI as policy years before his last run, though I have no idea what the details were. I guess it was his run before the federal jobs policy was introduced.
You do not need UBI, you just need to be self-sufficient. Produce your food, energy and clothes.
I'm in Canada and the cost of living oin the past 4 years has gotten to point where you can't make enough money working 1 or even 2 jobs to pay your bills. The average cost to rent an apartment here is about $2000+ a month when 4 years ago it was about $1000 a month. I'm working right now to point of burning myself out all the time and I never seem to get ahead even with s small online business. I think if I had more money per month available to me I could ditch the job and focus on the business which I could potentially be built up to a point where i'm making more money then I could ever make working a job if i could find the right items that sell well.
If AGI makes workers unnecessary, won't we eventually be unable to purchase the goods and services from those companies? Tax revenues from regular folks will disappear as everyone is on the government dole. And the same will eventually happen to companies as there will be no revenues to tax because no one can buy their wares. The coming stampede to non-human workers sounds like a race to the bottom to me. First for the workers, but ultimately for the owners of these companies, too.
We forget the promises of a flood of white collar jobs to replace the manufacturing jobs sent overseas by NAFTA in the 80's and 90's. Similarly, twenty years later, the tech revolution wiped out millions of jobs and replaced them with companies that used mere hundreds of software developers and technicians. I suspect those instances were a very small taste of what we're going to see happen with AGI.
"If AGI makes workers unnecessary, won't we eventually be unable to purchase the goods and services from those companies? "
Think it through: next steps: no one BUYING anymore, how does any COMPANY SURVIVE? How exactly does Whirlpool (19 billion annual revenue) survive if only the Top 1% have cash flow to buy a new refrigerator? Is THAT what every business owner desires: instant BANKRUPTCY FROM ZERO CUSTOMERS?
THAT is why we're going to UBI. It is the soft landing from a Capitalist society.
Won't be inflation if robot take over in every section. Home builders, produce, general labor... due to companies competition
If AI takes care of all our needs... why have money at all?
Because there needs to be a limit on things if everything would otherwise be free.
We will eventually have a cashless system with complete surveillance of every penny spent and a social credit system. That is where this is all headed.
Money is a device to negotiate scarcity. In abundance, our leveraging of “money” won’t be necessary.
@@FloydCotton-hx4jh Exactly
@@flickwtchr Yep.
In my humble opinion I think UBI due to artificial intelligence will never be cash handouts. If jobs are replaced with AI and or robots what's going to happen is that the value of things are going to naturally fall, and that will naturally improve standard of living, and yes we will have poor people and even homeless people, but they are going to have a better life. For example brand new cars are going to be way more affordable, like a lot more, so used cars could be own by anyone and they're going to loos value so fast the what we consider a nice used car these days will be thrown away and dismantle for row materials, because no one, not even the poorest people would want to own them, and everything will be like this. This is how things will go for everything including housing, food, education, you name it if it's bellow certain quality will be scraped and gone.
How they gonna afford cheap things if they have no money at all.
That makes no actual sense. Capitalism doesn't work like that. Do you suppose AGI will also get rid of capitalism for us? How will it do that? And if not AGI, then who? I don't see how this narrative you present holds together.
You need to study economics because you have no idea what you’re talking about. Life won’t be better life will be flattened and diminished.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@s-guytech9160 There is going to be jobs and people are going to still have a careers, but salaries are going to also drop. But believe me the real UBI system where there is no jobs, careers or money is way far in the future, we don't need to worry or dream about that. What is going to start happening, and you will start seeing it, in the next ten to twenty years is this value drop and standard of living improved tremendously. I think maybe fifty years from now some rich north European countries, and even one or two Asian countries, might go full UBI, but for the US, latin America, China if it ever happenes will be at least a hundred years away.
Thank you man I agree with your views we need social safety nets
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? there will be free will!? an era of abundance will begin!? the intellectual and motor capabilities of robots have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
There are social safety nets if societies run like crap what’s the point of them they spent $20 billion in California for homeless and they don’t know where the money went!
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 we will have a world war before that
@@francescoambrosino1841 UBI as in Universal Biological Incineration?😂
14:52 cbdc could exist in parallel to decentralized crypto tbh. idk if the government/banks would allow it, but theoretically it could
It makes sense that the developed countries help their citizens in need. No communism. Just the basic help your neighbor philosophy.
The closest would be Socialism, as there is no longer even the concept of "trade secrets" and no labor or capital markets any longer.
huh im starting to think bussnis after agi will just be like a video game where you buy and sells stuff ect
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? there will be free will!? an era of abundance will begin!? the intellectual and motor capabilities of robots have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
It would depend on if robots get good enough to displace construction, entertainment, nurse work, retail, fast food, agriculture, trucking...etc, not just AGI itself. Robots running in AGI.
if we reach 25-35% unemployment by 2035 we will have UBI, and then in the 2040s when even more jobs are replaced 60-70%(surgeons, soldiers, police) we will have UHI(universal high income).
in my country we call it a guaranteed basic income, it's not much, but the groundwork is there for a UBI
If UBI comes about and we had the opportunity to put that income into other opportunities then I don’t see what’s wrong, being able to invest in anything to make life better and be rewarded with additional income what’s wrong with that
Those in control will lose control, as you gain control over your life.
That is the opposite of what they want.
They want more control.
Gullible as ever, Best of luck to you in life you are going to need it later on!
@@ShaneMcGrath. The naivety on this subject is just astounding. They actually believe in AI rainbows and unicorns.
Companies do not pay taxes, they just pass it on to their customers. (Inflation). Also, since no one will need to plan for retirement, this will most likely cause the stock market to become useless. Pensions and retirement funds are a big chunk of the market.
Money might be useless...
Sounds great and dandy to me, fock the stock market
I used to work in a packing warehouse, and i can tell you one thing for certain i did NOT derive my value from that shit job.
meanwhile, still waiting on that full self driving car.
Get in line, They said back in the 80's I would have my flying car by the year 2000.
Don't even get me started on Fusion power, It's just 20 years away......As they say that every 10 years for the last 40 years.
In some places it’s happening already.
Full self driving from tesla is getting so good I won't be surprised that in one or more more years they are going to actually have robo taxis making money 🤑
We need UBI in order to have a smoother transition into the next phase.
🧂
No, we should wait until human intelligence becomes obsolete and we lose all forms of negotiation to even consider starting UBI. For now, lets just keep hemoraging jobs to AI slowly and have 50 million uber drivers on the app and label each ride a new job to keep the numbers up and the stock market pumping.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
Brilliant! You have a bright future in the post-labor economy! Just kidding, appreciating the sarcasm.
Where does the money come from?
A printer from a private bank.
Money is an abstract concept that denotes a fraction of the total value within a system. It can be anything, like pieces of paper.
I think the best option is a value added tax (VAT) like in some European countries
@@Sixotoo That’s what they already do, they’ve been just printing for decades now. Taxes don’t pay for the gøvernment, taxes are just there to give the illusion they don’t just print it.
@@Sixotoo That’s what they already do, they’ve been just printing for decades.
Damn, there's gonna be a lot more competition in "the streets" as one of the few industries where the biological human element is more challenging to replace with a non-biological contender.
Why would the rich create sonething that makes them less rich.
That is the question standing in the way of UBI.
How is ERASING 95% of your CUSTOMER BASE (assuming you want to define the "rich" as the "Top 5%") NOT ALSO WIPE OUT THEIR WEALTH?
Whirlpool did 19 billion dollars last year. How WELL will they do in the future in your imaginary world where their customer base SHRINKS to only the Top 5% with any MONEY for a refrigerator?
Think. More.
You're looking at ONE SIDE of the equation, completely IGNORING THE OTHER SIDE.
This is the END of wealth generation. The END of capitalism, which depends on Capital, Labor and Markets. ALL of which are going to change forever.
Sam said it best in 2015. On the growing artificial-intelligence market: "AI will probably most likely lead to the end of the world, but in the meantime, there'll be great companies." The problem is resources and the location of those resources, and a much faster rate of needing those resources. AI is a race for resources to get more resources for control, at some point probably most likely after the hopefully not radioactive dust settles it will completely change most systems. UBI can't work in the US without massive regulatory, state, and federal tax changes. This inflation is not easily regulated, and the way it gets regulated goes back to the first point. Good luck with that. Also for future people in power who are controlling the AI, when it tells them that people are only doing damage and depleting needed resources, how do they respond knowing that? There is probably most likely an almost zero chance of this happening without much death. Thank you for giving many of the reasons.
This madness needs to stop
LOL future people "controlling AI". Which "future people" can control ASI, which knows more than the entire human race on its best day?
If this technology keeps increasing exponentially, God knows where we will end up
We'll end up finally accepting there is NO GOD, is where.
People don't understand that money is a form of rationing - under an automated economy everyone's ration will increase (well, except for current billionaires and decamillionaires).
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
Uh, do you know realize what has happened over the last 40 years in the US in regard to inequality? Apparently not.
The richest of people need to be taxed at a far greater %. Nobody needs to make more than 200k a year.
It has been long known that technology abridges labor. New tech less jobs. With just a single new tech can make a huge impact. With zero point energy alone more than a billion people will be left without a job.
Just thinking.
If costs are tending to zero why UBi is needed?
Also the inflation part doesn't make sense. If costs go to zero shouldn't it cause deflation?
Nothing will cost 0. There has to be a limit, otherwise individuals will want 10 houses, 10 cars, a private jet, a private island.
True there will be deflation but costs won’t be literally zero.
@@markmurex6559 I meant tending to zero. But things will literaly cost zero (robots and solar energy). Of course you will need to limit what you can have, but that the video has responded with programable currency.
@@skywavedxer6212 I meant tending to zero. But at some point things will literaly cost zero. Imagine robots running on solar power, everything can be done for free. Of course you need to limit what each person can have.
Because you need an instrument to bridge the transition period. Whirlpool won't just starting offering free refrigerators to anyone that asks on Day 1.
Maybe if we had RCV (ranked-choice voting) we could get more people in government who are in favor of UBI in some form.
And NO CBDC.
Don't even have enough for social security
Because we don't have an automated economy yet. But we will, and soon.
I'll be collecting SS in about two years. I intend to save every dime, against the day it ends. I set that event about 5 years off.
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
@@francescoambrosino1841 It will happen before then. My estimate is somewhere between 2026-2030. Within this period, autonomous AGI agents will make almost every white collar job obsolete. Unemployment rates will be so high, governments will have no choice but to implement UBI.
I used to love the idea of UBI but as time goes on it looks more and more like a human sized venus fly trap.
Imagine first what happens without ubi. Ubi is the better alternative.
@@skywavedxer6212 yeah, its better but would very easily fall into a dystopian movie where the government tell you how and where to spend your hard earnt UBI credits. Sam Alman said something interesting, how each person would be given an amount of compute to use as they wish, which includes working on their behalf, which then pays their salary. That could work! Basically anything that rests solely on government is a red flag.
If everyone gets paid the same no matter what wether your employed or not, then what would be the point of having a job?
Again - How come u r not talking about TVP and Copiosis and etc?
Good video. All the focus on alignment risks and things like that sometimes distracts from this real-life problem: soon most people, and perhaps then almost all people, will not be worth hiring for any reason. Yes, a system like UBI is not ideal, but most would rather UBI than going hungry in the street. One thing about this: presumably AGI/ASI will still be rapidly improving so we could quickly approach a condition of superabundance where people on UBI are not just scraping by but can suddenly afford amazing things like home robots, personal health assistants and trainers, near zero cost food and housing. UBI would be maybe depressing if AGI never improved anything but that is not likely to be the case. Thanks for making this, it is a very necessary discussion.
Fantastical visions.
Late stage capitalism is why inflation kicked off with profiteering. This is also why wages are suppressed and shrinkflation is going crazy.
I am not sure UBI is the answer here, the problem of solving these issues in money terms is that there is right now inherent inequality in the world. UBI will likely exacerbate the inequalities between rich and poor countries and it will likely have severe unintended consequences. What the fist goal of AI should be is to create UBS (Universal Basic Services) globally.
Being able to provide food, water, housing, transportation for free will basically mean that money will only have utility for luxury goods and services.
This of course means that we have to rethink our whole economy, but if we get powerful AI (not even AGI) this will have to be done anyway or we are looking at a dystopian future.
Providing UBS globally will likely improve global social cohesion and could be a launching pad for humans colonising other planets. That is assumin that we will solve our demographic problem first as birth rates are declining rapidly.
UBI is simply the medium of exchange for your "UBS".
Taxes - Taxes should be raised on companies replacing workers not everyone through income taxes. The reason is during the transition to replace all jobs it would be unfair to tax everyone as the workers who are still doing their current jobs won’t make any more money to pay for those who don’t. “If” the government prints more money to pay for the displaced workers then that would cause inflation that would again hurt workers still working. Thus the initial UBI should be an “unemployment” tax that should be paid by individual companies as they lay off workers. The automation driven companies will have greater profits that cause their stocks will rise, but only 50% of Americans have 401ks or stocks. The transition will be tricky. Tax the companies who benefit, but don’t tax “everyone” or the people still working will be footing the bill, which won’t work.
What happens when the country doesn’t need people, what happens when people don’t need people?
Gee, I don't know. What's your best guess?
Do you think that in 2035 with the advent of AGI (Artificial General Intelligence) and ASI (Super Artificial Intelligence) they will introduce universal basic income!? a subsidy!? will there be free will!? an era of abundance will begin!? the robot's intellectual and motor capabilities have already surpassed the average human and before 2035 there is talk of them surpassing those of any human and then again those of any human combined! regarding both body and mind! answer me please...
☠️
Play video games all day, hit the gym, mate
Neither of those have any meaning. They're like some "negative" Deepity.
You cant invest in OpenAi. Its a private company...
The billionaires didn'tt create the t tech lmao, they invested money sure, but people like me invented the tech, and mostt of us engineers will be unemployed in 10 years, we already seeing mass layoffs in tech for over a year
If they do create AGI why don't you let the AGI decide what will be a fair and proper amount.... Don't let the government decide... Let AGI solve that problem.
ASI will eventually rule, but until that transition, we have to deal with "governments".
The rise In demand leading to inflation assumes that the robots can't keep up with supply.
Do we trust governments using CBDC's not to link it to social credit score? Stop rollover savings or enforce expenditure within a time period?
I can see AGI taking over repetitive tasks. But, I can think of a huge number of tasks that people do, which requires creative problem solving. For example, a Product Manager has to balance out so many very soft factors, based on an understanding of consumer desires and the capabilities of their organization. Their ability to make either conservative or aggressive decisions defines the success of an organization. There are so many specialty skills like this that make up any organization, that I don't understand how AGI could take over the breadth of the skills that are needed to make any organization work.
If we get true AGI then it can do any job.
And then we achieve ASI, forget about "days with just AGI" as a memory, and ALL JOBS disappear, ALL invention, comes from ASI.
And it won't take "decades" to go from AGI to ASI. If we can't do it with Nvidia AI chips alone, we'll CERTAINY accomplish it with quantum computers.
I'm against welfare, but 100% for UBI. It's universal. It's not a reward for poor behavior. I don't think you should call UBI a welfare program. People will also have plenty of spending or investing choices with UBI. So some will spend it all on shoes and purses, and others may invest in homes, transportation and educating themselves via the new learning platforms that will be available to all regardless of income of parental success. I'm optimistic about the future, and the sooner we get everyone (even those of us who hate the current welfare programs) to know the difference the better.
What I hate about the UBI conversation is that it's very all or nothing. And it's juxtaposed with conversations about cutting social security. Somebody should be get Andrew Wang and Niki Haley in a room so they can hash it out. With the right taxes on AI, they can fortify social security and unemployment insurance. And if unemployment ends up being worse and worse the benefits will be paid for by those taxes. But odds are very high that a future where robots do all the work comes only gradually. UBI gives everyone a check regardless of whether they are working or not. I just don't see the point.
The "point" is a means of transitioning to a moneyless society. It is the only way to prevent ANARCHY by the unemployed masses, which EVEN THE RICH WOULD PREFER, as they can GOLF IN PEACE and not need ARMED GUARDS TO KEEP THEM ALIVE.
Programming money to force people to spend it on XYZ is stupid as fuck. No.
I believe it's not currently necessary, as AI is primarily impacting workplaces in the entertainment and programming industries. The GUI that will likely automate many jobs might not emerge until approximately 50 years from now. This timeframe should provide enough opportunity for the population to discover new job opportunities still rooted in the traditional economy. In my opinion, communism is not necessary and will alwas lead to degradation.
There will probably be agi by 2030
@@skywavedxer6212 will see in what year the machines will make a renovation of small house, not mention about more complicated jobs than can perform construction worker
If nobody has an income, there will not be anyone to buy the product. UBI will be like the foreign aid system where developed countries gives foreign aid so they can buy the products that the developed countries produce. Put simply. A better way would be to not rebuild the monetary system when it collapses due to AGI/ASI. Find a different solution.
No. UBI is the transition period medium of exchange until goods and services truly are at near full ZERO. We're headed for NO "monetary system".
We need UI not UBI... remove the basic. Give us wages that will reflect what we missed because of AI.
12:18 well wait a minute here Even with all of the extra money that was created it appears that the dollar has risen fairly strongly against most other currencies recently but of course it could be stated that also the other major nations on earth created a bunch of money as well during that time. Once again I pause it that the time is not quite right for a UBI until of course we have supply push deflation.
Thanks for this video. People need to imagine the future of mass unemployment before it hits.
Any job have boudaries in term of task and goal. Due to determinism nature of coding, any job can be algorithizmed. The issue come from the confidentiality and access to these data that are mostly private. Human is still required for agreement but everything could be execute by machine as soon as both data and materials assets are available.
I believe capitalism prioritizes consumers over workers, as it requires not only financially capable individuals but also those eager to consume new products and services. The fact that higher socio-economic professionals will be quickly affected by automation suggests that leaders will take necessary measures to ensure that consumption not only continues but thrives.
Since the value of ALL goods and services will trend towards ZERO (Read Moore's Law for Everything), then the ONLY value to the rich of feeding everyone eventually (far enough out) is preventing ANARCHY so that they can golf peacefully and safely.
AGI+UBI+Gold Standard
I see people are too narrow minded about this. I see this in completely different way. Such things as currency or money itself will soon be irrelevant. You need money to trade it for work or product. But if A.I produce ALL the products and does ALL the work... Money no longer gets any value. So I see UBI not as some kind of income. I see it as a way of managing how much average person can take out of abundance of goods.
Good point. But who owns the robots and the production? And who sets the price for the products? And how do we relate the prices of the products to each other?
If UBI is implemented I will still choose to work. Money will lose a lot of value in such an economy, so you're going to need a lot of it.
Some countries have already experimented with UBI and payouts have been around 1000 Euros/USD a month. You can barely survive on that in a Western country, but you won't be able to live comfortably. That means that people who want more than to merely survive will still have to work.
The jobs might be different in a future with AI, but you probably will still have to work if you want more out of life than the bare minimum of survival.
Almost immediately the only "work" will be art or personal services where the consumer simply PREFERS a human. This is the END of almost ALL careers with only limited and reasonably tiny numbers of people having "side hustles" with art, etc. for some extra cash over their UBI to house, clothe, feed, healthcare them...
Im ready for a digital and physical gd standard with UBI
The crazy thing is 5 years ago this would have been crazy talk but today it seems like a given that most people will not work and AGI can work a lot of jobs with no help other than when it brakes then it needs fixed and 1 or 2 managers to give the AGI directions. Also the funny thing is AGI is being worked on right now but its just a gimmick largely so after the fad blows over in 2 to 5 years everyone will soon forget about it like well it never happened is what I think will happen for jobs like plumber or electrician or any manual labor jobs while most office jobs cut their staff by 50% or more over the same time frame then like a explosion in the sky say about 5 to 10 years after that AGI will be back and replacing people on Mass in manual labor jobs so one could say by 2050 we will have most people out of work or doing fake jobs its almost a given the best case is a UBI with citizens having free rights. the worst case is working fake jobs that most people hate and not having free rights like freedom of speech witch could really happen in the short term. this kind of tech will almost certainly start World War III but it could be a war with only resources based with fighting AGI with AGI to really no end and having some civilians dragged into it. it could be the most Humane World War we've ever had with only one or two instances of AGI wiping out a whole town of people it could lead to a nuclear war or biological warfare to try and save the country in question that is losing the war and its a situation where a gun is a gun so at the end of the day it does not make a difference it could lead to 50% of the world's human population going extinct. look at the end of the day all AGI really does is make country's obsolete and gives the masses a way to make a system with no one on top other than the AGI that can be used by any human to do almost anything witch is like a Powder Keg waiting to blow you could have a situation like in Fallout where a Corporation namely vault-tec starts a hot nuclear World War because they don't want there share price to drop so they launch a nuke in a AGI cold war that causes Humanity to basically self end itself. their goal at the time was just to keep tensions High so there company could keep making money off the conflict but it backfired in there faces hard and turned most of the earth into a nuclear Wasteland. the short of it is AGI is very dangerous for all the domino effect ways it can lead to something worse even in a scenario where we stop it from getting to smart and out of are control. witch most likely it will get out of are control and rule over the human race at some point and we will be little better than pets or a very small chance it will end us all.