Monday, 5 June 2017

Universal Basic Income

Interesting article, mirroring the Financial Independence bit of FIRE. I agree with much of it, but there seems to be an assumption that the advance of robots / AI etc will fundamentally destroy jobs and not offset the destroyed jobs with new, different ones. Equally there is no mention that AI in combination with human intelligence is even better again than AI on it's own.

We look back at the industrial revolution and see how it generated wealth and jobs rather than destroy them, why will it be different this time with this digital revolution?

Still, better safe than sorry in my view, and work towards building your own "universal income" rather than rely on the government to provide it.

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