Can universal basic income help society?

35

In parts of California there are plans to give people no-strings-attached cash, whether they have a job or not. It’s hoped these trials could be the solution to a potentially jobless dystopian future. Film supported by Mishcon de Reya

Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy

For more from Economist Films visit: http://films.economist.com/
Check out The Economist’s full video catalogue: http://econ.st/20IehQk
Like The Economist on Facebook: https://www.facebook.com/TheEconomist/
Follow The Economist on Twitter: https://twitter.com/theeconomist
Follow us on Instagram: https://www.instagram.com/theeconomist/
Follow us on Medium: https://medium.com/@the_economist

source

35 COMMENTS

  1. My only criticism of this is near the end, the gentleman assumes cost savings from automation would be passed to consumers…😂😂😂. That’s more idealistic than UBI.

  2. If I had universal basic income I'd start a small business, maybe have a kid and go back to college, I don't mind if we lose some fast food workers and less scamming phone calls

  3. "Work" is what the wealthy and professionals do, "Jobs" are what the underclasses do, and UBI won't be enough for Rent, Food, Insurance, Transportation, Schools at all. How about making the government discern again?

  4. It will only promote health ,happiness ,innovation ,enterpreneurship ,passion following ,welfare ,backup to take riska etc.

    i don't see a single critic in this, even inflation problem might be addressed by increasing the supply or promoting enterpreneurship and buisness and also providing ubi can become a basis for poor people to start a buisness, that requires a initial capital and that will only contribute to welfare.

  5. It's just imaginative state that society won't come in conflict for fundamental need of majority,the decisive being proletariat however their number reduced as Engels rightly said "abolition of anti thesis between town and village is utopia just like abolition of anti thesis between capitalist and wage workers"

  6. Any handouts must be non-transferable vouchers for food, clothing, rent etc. Not cash to buy luxury items or drugs. UBI cash payments cause prices to skyrocket too. A reduction in population is what's really required, a reversal of the population expansion seen under the industrial revolution. Automation will make this happen, and must not be interfered with.

  7. Of course, it can. We subscribe to Capitalism and capital must circulate under Capitalism We enjoy it for that consistency and convenience. The socialism of equality and equal protection of our own at-will employment laws for unemployment compensation in our at-will employment States can help even more by actually solving for capitalism's natural rate of unemployment via market friendly means. And, in the US, the legal and physical infrastructure is already in place and merely needs to be upgraded like infrastructure in general.

  8. Ubi would pay for itself in the long run. For example people are less likely going to prison if they know that they're not going to receive their Ubi during the periods of being locked up.

    People would have to focus less on survival, which causes many issues in our society. One of the biggest motivations of crime is because of poverty. This doesn't mean all criminal activity is because of poverty but poverty is one of the major reasons why people commit crime.

  9. DO NOT ACCEPT UBI. It's a trap. They're going to get you hooked on it
    and then force you to get vaccinated, and multiple other things that are
    not their business, if you want to keep your money. Their track record
    STRONGLY suggests it's going to be a trap. They've been dangling
    entrapment carrots in front of everyone all along. GET OR STAY SELF
    SUFFICIENT EVERYONE.

Comments are closed.