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Funny this thread popped up. I read an article just the other day about how the Finland Universal Income experiment turned out.
I’ll try and find it and post a link but basically the outcome boiled down to “didn’t make anyone more or less productive but they were all much happier”. -
@Crucial said in Universal income:
Funny this thread popped up. I read an article just the other day about how the Finland Universal Income experiment turned out.
I’ll try and find it and post a link but basically the outcome boiled down to “didn’t make anyone more or less productive but they were all much happier”.I read a bit about that , I’m not 100% sure they actually tested it long enough. The Alaskan model might be more relevant as a test case because it’s been going almost 40 years now .
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@gollum we have a huge problem in NZ (not unique to us or Detroit though) of people who don't have a 'decent' (say basic 5th form or level 1 NCEA reading/writing/math for a general point of comparison) level of literacy or numeracy. Approx 1 million people at or below that level, which is massive given the gaps that means in being able to do everyday stuff, let alone advance in education, career, vocational training etc.
The only big change I've seen in and around this area of work was 5-10 years ago they were saying the really basic jobs were going (due to tech/AI etc), but now they seem to talk more about entry level/middle tier jobs going faster than any other segment. I guess we are also seeing some new areas where jobs are developing alongside the tech changes, rather than it being all replacements.
Will check out that UBI vid. Had totally missed that Alaska has been running a test case for nearly 40 years!
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@Rembrandt said in Universal income:
I honestly don't understand how it can possibly work. If everyone has more money that money is then of less value, simple economics isn't it or am I missing something?
Not if the demand for that money grows as well eg more shops/businesses
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@Paekakboyz said in Universal income:
@gollum we have a huge problem in NZ (not unique to us or Detroit though) of people who don't have a 'decent' (say basic 5th form or level 1 NCEA reading/writing/math for a general point of comparison) level of literacy or numeracy. Approx 1 million people at or below that level, which is massive given the gaps that means in being able to do everyday stuff, let alone advance in education, career, vocational training etc.
The only big change I've seen in and around this area of work was 5-10 years ago they were saying the really basic jobs were going (due to tech/AI etc), but now they seem to talk more about entry level/middle tier jobs going faster than any other segment. I guess we are also seeing some new areas where jobs are developing alongside the tech changes, rather than it being all replacements.
Will check out that UBI vid. Had totally missed that Alaska has been running a test case for nearly 40 years!
Dunno if he still posts mate. That was from 2017
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ha ha I just totally whooshed myself.
And I'd just come from the old posters thread too.
ha ha what a numnuts
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@Rembrandt said in Universal income:
I honestly don't understand how it can possibly work. If everyone has more money that money is then of less value, simple economics isn't it or am I missing something?
It’s worth listening to , he explains it well ,
He makes a good point about what might have happened if they had of bailed out home owners rather than the banks .
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How much are they talking here? Enough for a mortgage, car, kids, holiday etc? Isn't it really just the dole on steroids?
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Arent looser borders and a universal basic income mutually exclusive?
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@Rancid-Schnitzel said in Universal income:
How much are they talking here? Enough for a mortgage, car, kids, holiday etc? Isn't it really just the dole on steroids?
I recommend the video, the guy has thought it through. He goes through the figures early on.
The answer is $1000 per month.
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@jegga said in Universal income:
@Rembrandt said in Universal income:
I honestly don't understand how it can possibly work. If everyone has more money that money is then of less value, simple economics isn't it or am I missing something?
It’s worth listening to , he explains it well ,
He makes a good point about what might have happened if they had of bailed out home owners rather than the banks .
I found it terrifying to be honest. Very interesting video.
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@Kirwan said in Universal income:
@jegga said in Universal income:
@Rembrandt said in Universal income:
I honestly don't understand how it can possibly work. If everyone has more money that money is then of less value, simple economics isn't it or am I missing something?
It’s worth listening to , he explains it well ,
He makes a good point about what might have happened if they had of bailed out home owners rather than the banks .
I found it terrifying to be honest. Very interesting video.
That’s how I felt too .
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@Kirwan Yep, he describes another impending catastrophe which politicians don't want to talk about.
This information age of the internet sure does expose a lot of nefarious leadership to a population (us) that put a lot of trust into a system and way of life that's looking increasingly less sustainable
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@Rembrandt said in Universal income:
Dammit I guess Rogan is gonna take another 3 hours of my life. Feels like something I need to get my head around...especially as my company is doing a big push for AI automation, outsourcing and mass Aussie redundancies this year.
Normally the reddit threads that accompany a Rogan podcast are full of sarcastic digs and snide remarks. This one is a bit different, lots of people agreeing with Yang including people in the industries he’s talking about
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I listened to the Yang podcast but I'm not really sold on his conclusions. If we are already in the midst of the AI takeover why is unemployment at record lows currently? Surely if you are proposing free money you'd then have to be in support of the wall right?
Also that talk about cutting drug related deaths in half...I got a feeling if you are giving addicts an extra $1000 a month you might get the exact opposite result.
I'll have to have a look through these 'studies' he refers to, from what I understand most trials of this have failed.
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@Rembrandt said in Universal income:
why is unemployment at record lows currently?
Lies, Damned Lies, and Statistics.
There is employment, unemployment, and underemployment. As we increasingly shift toward a gig economy, reporting on employment in the traditional sense will be increasingly unreliable as a measure of success. Zero contract jobs spring to mind. Food delivery drivers, etc.
Universal income