Name: Robert Reich: What is Universal Basic Income?
Uploaded: 2018-09-05T14:34:25.000Z
Duration: 3 min 40 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...

but if technology keeps moving as fast as it is now,

the iEverything will be with us before you know it;

because there won't be any paying jobs left.

hundreds of thousands of healthcare workers.

*digital voice* Where would you like to go?

of being automated in the next two decades.

could offer millions of people more free time

instead of what they have to do to earn a living.

we'll have to figure out some way to recirculate the money

who do very well in the economy of the iEverything

the profits going to labor-replacing innovations.

The idea of a universal basic income historically

has had support from people on both the left

proposed a similar concept for the United States,

and it even passed the House of Representatives.

that we abolish the present welfare system,

and a basic federal minimum would be provided.

Some think it could be superior to welfare

tell people what to spend the assistance on.

don't stop working, and they don't drink it away,

with governments debating it from Finland,

is about to launch a basic income pilot in Kenya.

Providing an income for more than ten years

to some of the poorest and most vulnerable families

how best to provide economic security for all.

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Robert Reich: What is Universal Basic Income?

vulnerable

figure

present

debate