Study Reveals the Terrible Consequences of Universal Basic Income  

Finland is not ethnically homogenous.

@@hasancelikbilek7233 There's always one, isn't there, that just has to chime in with their "take" on the matter. Let me guess, you're upset that I lumped the Swedes and the Sami in together with the Finns? If you fail to see how that's a red herring, then I'm afraid there's nothing I can say that will help you.

exactly my thoughts when I watched this

@@hasancelikbilek7233 It's a damn sight more homogeneous than most other nations. Sure Japan or Iceland can give it a run for its money in that regard, but they're hardly typical either. Most nations are FAR more diverse than Finland. Not to mention all the other factors he mentioned.

Yeah diversity is bad.....im just really hoping climate change erradicated life on earth so the universe can start over and try not to do racism....again. i think racism is a species great filter. If they cant all share a whole planet then they are doomed. I fully agree with that sort of idea. We just cant seem to get over how dofferent we look....sad. but humans am i right ?

really. where did he say this?

The whole point of UBI is to balance the AI and robotics taking over most jobs. This is mostly talking about something else

"This argument completely ignores the reason why UBI is trending: AI and robotics" So? Both are nothing but perennial pop culture fluff. My dad thought robots would take over his job at GM in the 80s. Countless people have said the same about computers. There is NOTHING out there that remotely points to AI or "robots" doing anything remotely akin to taking most jobs. The darn things cant even vacuum floors properly.

Yeah this video felt like a thinly veiled attempt to dissuade people from supporting UBI by presenting a very biased and intentionally limited ‘summary’ of the data and argument. I’m losing faith in this channel ngl

@@MFShro0m lol rather, the channel demonstrated with solid data and studies that when implemented UBI does not deliver on its promises but since it is not in line with what you support you ll just call them biased.

​@@MFShro0m and what evidence do you have

the person saved and went on a vacation, out the country in Malibu. So the money invested in this person didn't even end up getting spend the nation that gave the person the money (Spanish).

You can went to cheaper country. In Georgia average salary is 400$ per month. So, you can easily live there more than comfortably and do nothing

About that.... Alaska may not have much oil left. Production has been dropping for years. Hope they invested well

@@CultureCrossed64they actually have a sovereign wealth fund that was seeded with oil money.

Alaska also imports much of its labor. Juneau, for example, doubles is population during tourist season, not counting visitors, just young kids and immigrants coming to work to do the job that those that qualify for the perdium don't want to do.

Translation: Someone else will totally pay so I can sit around at home, right?

@@xandercruz900 Yes. Sounds great.

Its gonna cause inflation to grow up..lol Look at what happened during covid

​@@xandercruz900 Super wealthy. Business. Why do we need jobs that don't bring much? Why do we need overproduction? Not enough pollution?

Why are there jobs with bad working conditions

it's to reduce wage. If the state support their worker then that business can reduce operation cost. ie: if everyone get 1k UBI, then business can cut 1k off the wages for newly employed.

@@exfinen_2919 no blakebeesley8953 is correct. In a more advanced AI + robotics society a large number of jobs will become redundant. You only need so many people running the machines, and with advanced enough AI you may not need many at all.

I largely agree. I think the vid is right in all its conclusions, but what choice do we have, long term? One can disagree what time it will take; 20 y, 50 y, a 100 y, but sooner or later AI and robots will be able to do everything a human can, but better and cheaper. Society will have to deal with this somehow, and an UBI seems like one of the few options we have.

actually what the governments need to do is provide more easy access to education and less red tape.

The capacity of AI to take jobs makes no sense. They have 0 world models and cant retain information long term and in context. AI today is litterally (seriously) just 1950s-1980s technology. All u have seen with ai is faster processors and more data. Thats it.

Universal Credit in the UK functions like that.

Make RU-vid videos. The stupidest ones get the most views, which says a lot about people.

My friend, nomatter how much you earn, you will never be able to afford your bills if you don't reduce your expenses to a level you can afford.

AI isnt magic, dude.

@@xandercruz900 But it indiputably already makes millions of workers unneeded, and that trend will speed up. Once all industrial needs can be delivered by 5-10% of the population, high-skilled jobs mostly - what does the rest 90% do? Lay down and starve? We need societal sollutions to the fact that wealth generation is increasingly centralized and masses of humans will not be needed in primary industry anymore.

@@xandercruz900 It only looks like magic.

@@FischerNilsA They can become artist, including piss artists, politicians, philosophers, sales people, and other forms of low life.

@xandercruz900 it is better/worse than magic. It s real, and it is slowly taking over.

those UBI accelerate self-destruct on (some) people, it's not that they are in bliss by gaming all day. It's more money for someone to make more mistakes.

yeah, hes doing milton friedman dirty here. Just like everyone else on the planet who works in media. Too bad nobody has a functioning brain. And Milton Friedman was hardly libertarian. Mises was libertarian. Friedman was chicago school, more like a reagan republican branch of economics. The "we might as well keep social security around because we are stuck with it" branch of economics.

Could you elaborate?

@@Danilio. I’d refer you to a brief video on here by Not an Economist, which gives a very succinct explanation of an NIT and even explicitly contrasts it to a UBI. The even briefer version is that an NIT only gives out money below a certain income, while a UBI gives out money to everyone.

@@CMVBrielman Which also means that a NIT would have more bureaucracy to take care of eligibility and targeting. The reason UBI is universal is to save on all the implementation costs, not cos it wants to give millionaires more

@@ArawnOfAnnwn So you say there is another difference between the two. Which is my point.

the idea that fewer hours OFTEN turns into equal amounts of work being accomplished is a false narrative. It can be true for people truly being overworked (looking at you east Asia), but for Western nations that is seldomly the case. Just look at China with 996, 9am-9pm, 6 days a week compared to the US 40 hours a week.

@@samthesuspect factory workers need to work long hours, not people with real jobs

@@thisin. Factory work isnt "a real job"? 😕😲

@@samthesuspect looking at you USA tbh xD

🤔 Unless you have little to do at your work, this seems a strange contention. Or maybe the reverse; that people are working in a sweatshop for 12 hours are too exhausted to work properly anymore? You postulate that, say, in a normal (for the West) work-environment of 40h a week, 8h a day, with a full workload, people will not be able to do more work, then in a 20h a week, 4h-a-day system? Well, who's doing half of the same work, then? How would they achieve MORE work in half the time, unless you presume they were already slacking off for half a workday? Makes no sense. The illogic of this reasoning can be readily seen if you apply it consistently to its logical conclusion. Because then one could argue people working for one minute a week could produce more work than someone working 40 hours a week. Surely you can see how absurd this is, right? Your premise seems to be that workers today aren't doing much during their day. I would like to point out that most do, and already are pretty busy. Cutting down time will only make it unsustainable, since you just can't magically produce more if you're already close to your maximum. Also, if you cut your hours in half, obviously your income will be halved as well, since most people are paid per hour or month.

Wha?

Not sure about your argument. It seems to pivot around the idea that being paid for work is the unnatural thing here, being "extortion". Well, I doubt the veracity of that premise. If a lion hunts a zebra for its food - aka; having to put effort in it to be able to feed itself - is that 'extortion'? If a bird makes a nest to have a home, is that extortion? Extortion by whom; nature? If you deem that extortion, then life itself is extortion, my friend. So you're reversing reality here. No-one is extorting anyone: if you don't want to work, you don't. But the idea that others HAVE to pay you while you produce no counter-service would the actual extortion here. The normal situation is that you have to do something to gain something. No living creature on Earth has even its basic needs met without doing anything, and yet you see that as extortion. I think its a very peculiar mindset to see the basic tenets of life itself being regarded as extortion

Cost savings including your job possibly...

@@aruak321 true, for me it kind of changes my philosophy of government, though. I have always been more on the small government, low taxes, side of things to maximize productivity and efficiency in the economy. If AI makes us so efficient and so productive though that it takes away many jobs I think it makes a lot of sense to have a high tax economy, where the government doesn’t give handouts per se, but we have a lot more government jobs taking care of things that are difficult to monetize in the free market. I would want shorter work weeks so we can have more people working shorter hours instead of less people working longer hours. Want more government jobs where we focus on beautifying the cities, the areas around us picking up trash, building more beautiful, looking buildings, stuff like that. If AI is as great as we think it is, we can really use it to make the world around us more enjoyable. I think it’s really important for everyone to have a job. For everyone to have something to get up for and work towards and feel like they’re contributing. So I don’t like the idea of just a handout for everyone, I would love the idea of finding different ways to help people be productive, even if they’re not things that we’ve typically thought of in the past as necessary or the best use of time and resources. In the sense that when people are depressed, it actually helps them feel a lot better to clean their room, the government can at least give people the opportunity to in a sense “clean our room”.

@@sammarchant2703 Yeah it's hard to say where it will lead us since we don't know what we don't know. Just like pre-industrial revolution the workers (mostly farmers and craftsmen) had no idea what the industrial revolution would bring. The big fear (and many in the AI space believe this too) is that AI will be as if not more disruptive to society than the industrial revolution was. And unlike then, where new jobs were created in previously unimagined industries, this time there won't be space for people since you can have an AI (or robotics) pretty much take over and do better any job a human could do. So something has to be done or society may well break down. I guess we'll see what happens 🤷‍♂

"Well someone better think of something because jobs are on the line between humanoids, traditional robots, programs and AI...." Arent going to amount to anything like many of you think. You see a derivative AI illustration and watch robots do parlor tricks on TikTok videos, and think that crap is remotely ready for anything beyond that.

I am a pensioner and can't wait to get a robot gardener, maintenance guy, home help etc.

The UK has a stong welfare system? Are you comparing it to the US?

Why did you use $600/week? Most of the studies use $1000 a month = $250/week, no? UBI should overlap with social security that people already receive. People who receive $500/m pension could have their pension waved & they just receive $1000/m instead rather than it being additive ($1500). People receiving $1300/m from government would continue to get that amount rather than $1000 more ($2300). Prisoners in jail could be made to pay for themselves. Schools could be privatized & everyone pays for their own childrens school. So... UBI fund could cover a large portion of: social assistance, welfare, education, prison costs, pension, etc... & reduce the size/cost of government beauracracy. The way you are looking at it is a little shortsighted & it seems an overestimate.

@@MultiSoccerMan how can anyone live on 250 aud a week? cant even get a room in a shared house for that.

calculate in the positive impact on birthrates, and reduced administrative inefficiencies from existing welfare and the spending on mental health.

tax the rich?

@@thisin. yeah and its still no where near enough. its double that of the entire budget for everything.

When you find that civilization isnt a naturally-maintaining thing, then you will think very differently.

@@xandercruz900 you think people work 40h weeks to "maintain" things? it's always the pursuit of more.

Less income from that lesser work is, though.

Yes. See: 2020 - 2022 Stimmy Cheques.

yes, it won't change a thing, if everyone gets 1000 dollars, everything will cost more and adapt to the added purchase power.

@@DTCWee-iq2bn Not responsible for global inflation. No big-name economist agrees with that right-wing media talking point.

@@luxraider5384 In the long run people make less. It's only more money if you change nothing about your life. So the end result is prices go down to accommodate LESS purchasing power, not more. But there's more quality of life in exchange.

@@luxraider5384 In the long run people make less. It's only more money if you change nothing about your life.

Less work hours would make having a family more viable for many and also lower childcare expense. This is a huge win as the current immigrants cant afford kids either and are just aging into welfare recipients

@@Ausplainer "This is a huge win as the current immigrants cant afford kids either " Yeah...........ok.

this does not even make any sense

@@oyeyipoWhat part does not make sense, the idea of UBI or how to fund it?

.

​@@popsmrokcan you explain why you believe this makes sense?

Even 8000 dollars is laughable; it wouldn't even pay the rent of my mansion in California!

The divide has never been larger, and Elon Musk is responsible for most of it.

Do you understand what the word "universal" means?

Yes, but Elon Must is just some crazy guy with too much ambition, and with too much money for his own good.

And the "poor people" take is the reason why a lot of them are poor.

So that might be accurate, BUT I have found 95% of random videos on tik'tok trying to inform you, is either lying or wrong. Quick 30 second videos is not the ideal way of getting news.

Do you seriously have no better sources than tiktok lol. The place where many anti-something views have millions of views except criticism of China? Their algorithm is cooked

Do the maths and work out why UBI is ridiculous. We have a population crisis and now youre empowering people to get high and game all day to die as virgins.

I think you would not like that, main because is US consumption, depending of the source is "if all the world consume to American levels we will need 3 to 6 earth's to sustain it" that sound terrible, until you consider many tech gigantic are American, you don need another 20 apples, Google or Amazon's. Also it depends of the cost of living Flipping burgers in Scat Francisco for 15 USD an hour would be a slave wage to you, but the same money put you into 1% to 10% top earners in many countries

@@nietur even if it were true it would be irrelevant. You are not entitled to the wealth others produced. That s it. End of the story.

Only idiots such as the rich should be required to pay tax.

Poverty is what creates family structures, decadence destroys families.

Parasite detected

Would replacing people eventually with robots for all jobs any more moral than that?? , a lot of people would eventually become discarded as trash by major corporations for their greedy masters

Government printing it

Steve Jobs created Apple Computers starting out with less that $1000, what is your excuse?

We will soon be back to the 1930's.

@@DavidLockett-x4b or perhaps the 1830s before the classical liberal compromise that gave the world the welfare state. Which, of course, ( Like the abolition of slavery and child labor before it) was resisted with exactly the same arguments that are used against UBI.

@@DavidLockett-x4b Yes, lines of unemployed people desperate for work, but excluded by the 'logic' of economics. Or worse still back to the 1830s before the introduction of the welfare state, which, like the abolition of slavery, and child labor before it, was resisted by just the same 'gut feeling' logic that now oposes UBI.

true and funny 👍

Some advocates of this idea are top university graduates with PhDs with 20-30 years of experience. Do you have a degree in Economics?

@@omerkaya8243 More money in the economy equals more inflation equals more money you have to spend on a freddo chocolate bar. British people will get fat joke.

@@freedompodcast4518 Sorry my bad you are definitely smarter than average Economy PhDs with 20-30 years

if freddo chocolate bar inflate in price it means this product is important and more of it will be made. Basically, money is a direct-democracy, and giving everyone money allow them to vote on the market on what resource is important to society. Inflation is a signal, for demand & scarcity of specific resource/product.

UBI is still the answer.

Pay for it by taxing the robots?

We'll just make Russia and China pay for it 😆

There was many other "interesting opinions", starting with "limited space in Sanfrancisco" or forgiving medical bills of thousands of dollars or crime rates (there is good atudies who show thay crime rates depends from income inequality within city/region/country as other factors) This is first visualpolitik video in my memory who looks lazy or some kind of capitalist propoganda

Answer - Perception. The lion on the savanna in Africa... and every other animal in existence... has to work to live. Just *breathing* costs calories (food, money)... and maintaining your body temp costs even more, in most places.

Like what did people do before work? Oh yeah, people have ALWAYS WORKED! Sorry, but there is nothing to make it so you can be lazy and get stuff for free.

Ok, hear me out!! What if we worked to get a good life like people did in 1960-1990? Remember those times when one salary was enough to sustain a family? It's not like we are less productive; contrary, we are more productive than we ever have been since the existence of humanity. If elites and top 10% cant effort to pay people more than survival money I would rather use $1,000 to survive than make my rich boss richer by going to work to survive. How does that sound? And if my boss wants to find people to work for him all he needs to do is to pay a decent salary. Does that sound better? When you are negotiating a salary employer should not have upper hand by saying either do what I say or starve. Starvation should be no where near in negotiation table other wise you are just a slave because that is what slaves use to get; work for food and survival.

@@xandercruz900 your answer

@@Nyet-Zdyes your answer

UBI would result in collapsed productivity, reduced cultural respect for hard work, less desire to work and be taxed most of your wage to cover the dead weight and inflation would simply take hold. Net result is worse productivity and little else.

At this time of economic meltdown, living a frugal lifestyle is the best war to overcome financial disaster. More work, more savings, less spending on unnecessarily purchases.

but market will reverse or halt that inflation. This' because everyone has 1k, hence business know the size of customer-base that has 1k and compete to make product at that cost range. Eventually it led to supply glut and/or at-scale/efficient manufacturing, then deflation will occur.

@exfinen_2919 No amount of competition will change the fact that if the money comes from debt, it wasn't accompanied with value creation. If we view UBI as a country's sole production, it would create a trade imbalance, which would devalue its currency unless it's counterbalanced by an equivalent export. It doesn't matter how efficient producers get. It still means someone else is paying for it.

I don't see the negatives, because politically I favour Gazan hence this UBI is a success, unless if you argued it hurt Gazan.

@@exfinen_2919 It destroyed their society long before the current war, so yes.

​@@Ynhockey it is secular in Israel that engage in war while Orthodox Jews who get UBI do not, hence UBI is a success there.