Name: What is Universal Basic Income?
Uploaded: 2017-08-10T15:00:50.000Z
Duration: 2 min 14 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Transition words & phrases

Unconditional basic income, is the notion of giving people a regular stipend regardless of their socioeconomic status or employment.

This income would be enough to cover a person's basic needs

Although some advocates propose a basic income as a viable solution for today's economy

It is frequently cited as a solution for the employment problems of the future

Many professionals theorize that jobs that used to be done by people

Will one day be conducted by machines and artificial intelligence

In order to protect those who are unemployed or to prevent a collapse of capitalism a

Optimists posit that there are potential benefits to such a future.

People would have more free time to pursue their own interests

Or to pursue a job they truly wanted not the job they needed just to survive

More people could spend time being creative exploring the arts

Skeptics aren't so sure a basic income would be compatible with human nature

Would we really spend all our time being creative, or would we regress to instant gratification machines? For example,

Would we even value one another in a world where there was no sense that the economy was a result or collective efforts?

Is universal basic income a viable solution for the problems caused by automation? If so where will the money come from?

Will machines really one day run our economy? What path would you pursue if you received an unconditional basic income?

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