Name: Understanding Universal Basic Income | Susan Danziger | TEDxUniversityofRochester
Uploaded: 2018-09-05T14:39:38.000Z
Duration: 14 min 30 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...

Past continuous

I was having breakfast with my husband in the kitchen.

And up from our basement guestroom appear these two huge German dudes.

My husband, who had failed to mention that he had invited them to stay,

"Oh, meet Arman and Shay. They're leaders of the UBI movement in Switzerland."

Arman and Shay both said, "Oh, that's universal basic income."

"it's when everyone gets, say, monthly income, automatically,

so they can pay for things like food, and clothing, and a place to live."

"And so how much are we talking about here?" I asked.

My husband chimed in. He said, "Oh, about $1,000 a month."

or binge watch Netflix or play video games all day?

Where would be the motivation and the curiosity to do things?

I talked to a bunch of people, I even watched video debates.

I wanted to figure out what the deal was here.

And it turns out that UBI is a really complicated idea,

And I realized that it actually had to do

with how technology was making everything cheaper.

and I realized that when I launched my video tech business

that powers thousands of applications around the world,

I would've had to hire hundreds of people for what I could do now.

And technology is making things like food cheaper

with vertical farms that are robotically powered

and making clothes cheaper with automatic knitting machines.

And even 3D printing houses where we can live.

although technology is making things cheaper,

is because it doesn't require people to do the work,

that a massive number of people are soon going to be unemployed.

In fact, it turns out, a study recently said

that 47 percent of all jobs could be lost in the next 20 years -

There are three and a half million truck drivers out there.

I think they're anticipating something like

could lose their jobs to self-driving trucks.

like paralegals, or folks in the medical profession,

Now, the folks who are speaking in favor of UBI

are saying that we need a way, when those folks are out of work,

they need a way to pay for food and clothing and a place to live.

And UBI could be that income that they could get to pay for them.

those numbers? They're actually misleading.

eventually, over time, those jobs will be replaced by other jobs.

And they may be jobs that we can't even imagine today.

So they're saying, we don't have to worry about it.

because we need to figure out the way, in the transition -

there's going to be this transition period where we have to figure out

how people are going to be able to eat and pay for places to live.

Turns out that if every person got, say, $10,000 a year,

then it would cost about $2 trillion additionally.

And there are lots of different ideas as to how to pay for it.

Look, we don't need our whole welfare system

Things like food stamps and homeless shelters will go away

because people will be able to pay for food and housing.

Other people are saying: Well, we can make cuts in the military,

or maybe carbon tax for corporations that hurt the environment.

we could print money because it's a whole new economy.

and I don't think anybody really understands

But I'm an entrepreneur, and when I start a company,

I don't have to figure out how it's all going to happen.

Subtitles ListPlay Video

Understanding Universal Basic Income | Susan Danziger | TEDxUniversityofRochester

figure

entrepreneur

realize

instance