Here’s what I say about UBI. We may not need it today, but we better figure it out because we’ll need it someday. As an example, take a look at America in 1800. 95%+ of people worked in agriculture. With tractors, the cotton gin, etc. all those careers will be eliminated. The cotton gin of tomorrow is autonomous vehicles, robots and/or drones. Jobs like delivery driver, cashier, etc are all on borrowed time. If we don’t figure out some new economic framework before that time, our society is toast. All the “unskilled” jobs that served as on-ramps to more advanced employment will literally be wiped off the face of the Earth.

Of course, America being America, we’ll treat this like climate change. Deny deny deny, even when it starts actively harming you. By the time someone tries to solve it, we’ll all be screwed.

I’m a fan of UB I+S. Universal basic income AND universal basic services. Plus hight high taxes for the rich. And workplace democracy. And a massive shift of the economy to the nonprofit sector: if what your company is providing is a utility, you can’t have making a profit be your fiduciary responsibility.

Basically, fuck capitalism, I want socialism.

I feel like it’s less about whether the process will go up or if capitalism can survive with it. I in feel that it’s going to be necessary for humans to function. With population increasing, and jobs actually decreasing from technology for the first time in human history, from businesses automating stuff or self check out counters, we’re just not going to have a job for every single person out there.

As long as UBI covers basic living expenses, then yes I would support it. Capitalism, as it exists in the west, is not sustainable and if it continues as is, there is probably going to be massive employment issues within a generation as common working people without specialized degrees and can’t afford to get them will be unemployable due to automation, AI and robots completing most common labor jobs cheaper and more efficiently.

I know the pushback against UBI is that if you take away the need for people to work to live, most people won’t work… and honestly I’m okay with that. I doubt there would a be serious decline in people seeking work because if you can still earn extra income for luxuries and nicer things over what UBI would cover… why wouldn’t you? And those who are content to sit at home or not work, is fine by me. Because I’ve worked with a lot of people over the years who only have a job because someone told them they needed a job. They were miserable fucking people to be around and we were more productive the days they called in sick or skipped. Some people should be paid to stay the fuck at home, and society would be a better place for it.

What is ubi? Univeral bread initiative ?

One method of structuring it is that if UBI is $20k/year, then you have $20k/year taken out as taxes as long as you have a job. The income is neutral, so there’s no basis for companies to raise prices.

not a 100% ubi fan, BUT, the times, they are a changing - and I firmly believe every robot deployed should have to offset ubi. every AI cycle should drive ubi funding.

Trained on the involuntary corpus of millions if not billions of people, it must benefit society overall otherwise we’re going to destroy everything.

I heard an idea once about making minimum wage 0$ and giving everyone a liveabke UBI. That would mean that nobody is required to participate in the workforce, meaning that employers who can’t afford to pay their workers a good wage would be priced out of the market rather than being able to prey upon peoples need for, y’know, money (which can be exchanged for goods and services). A very appealing idea for a 16 year old boy, and the only issue I see with it now is extreme specialisation in the workforce leading to less competition between different workplaces for similar jobs.

Your theory about companies raising prices to offset UBI is actually undercut by historical and present evidence.

There was a time when the United States had welfare. The United States still has food stamps. But nobody is seriously pretending that these things did or do drive up grocery prices.

Similarly, over time various states have raised minimum wage, and if your argument were accurate, then the prices in those states would have immediately risen to match minimum wage, but they didn’t.

In other words, you’re repeating a conservative talking point that has been repeatedly debunked by reality. I think you could try to improve your argument by arguing that inflation happens across the board, to everything, and therefore it would also happen to UBI. But what we’ve actually seen is that’s not true.

Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices?

As someone planning on starting a B2B company, I don’t see a problem with that. If companies make a ton of money, tax companies more and redistribute again. The curve can be made to fit.

But there’s a bigger reason for doing UBI: It’s cheaper and more effective than existing welfare. And more people will like it.

No, I don’t support UBI, but I support UBS - Universal basic services. Food, housing, water, education, etc should be free at a basic level. Basic level for housing for example will be ‘Housing First’ concept in Finland.

Well I’m on Lenny so sure I’ll pick a fight.

No.

One problem with this question is that UBI can be implemented in different ways and the way that it is implemented is very important.

I think that the way most people think about UBI is that you would get enough money to not have to work. I don’t think that this is compatible with capitalism, because the main reason why people work is because they are pressured into it for economic reasons so removing that without providing people with some other reason to work will just cause the economy to collapse.

Even if people work for some other reason than money, you will still have the problem that UBI undermines itself. As less people work for money, the money you get from the UBI program will also mean less. Not only do you need a different way to encourage people to work, but you also need a new way to distribute the products of that work if you want to ensure that everyone has access to basics like food and housing.

For these reasons I don’t think that a UBI that offers people the option of not working is compatible with capitalism. Capitalism is the system that we use to distribute work and resources and if we implement UBI we will have to invent new systems to do those things instead.

It is still possible to have a smaller UBI under capitalism if your goal is to for example prevent money from getting to concentrated among the rich and instead stimulate the economy, or something.

Yes I’m 100% for it, And no, companies DGAF where your money comes from as long as you buy stuff. UBI is the only way capitalism can exist at all long-term, because to exist it requires customers. With the continuing drive to eliminate employees, eventually so many people will be unemployed that if nothing happens to supply them with money for shopping, they won’t be able to shop. Before we even get to the stage of food riots and massive social unrest, businesses will start feeling the drop in sales and profits. They really have no motivation to oppose UBI - which of course won’t stop the more short-sighted ones from opposing UBI, because people often do things that hurt themselves in the long run (see MAGA). But overall UBI is ultimately one way of keeping capitalism afloat as employees become less and less necessary.

My stance on this is that if a machine can do the work of a hundred men, then ninety-nine men should be able to retire early with pay. Anything else is theft.

So, yes, I support UBI, and no, I don’t think it would break capitalism. It’s the same amount of money being put into circulation, just for less work.