A German experiment gave people a basic monthly income. The effect on their work ethic was surprising
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A German experiment has found that people are likely to continue working full-time even if they receive no-strings-attached universal basic income payments.
Universal basic income, also known as guaranteed income, is the idea of giving money to everyone regardless of how much they already earn – to give them the freedom to move between jobs, train for new positions, provide care, or engage in creative pursuits.
Proponents have included the likes of Elon Musk, who said in 2018 that “universal income will be necessary over time if AI takes over most human jobs.” US Democratic presidential candidate Andrew Yang ran on a platform in 2020 to give Americans $1,000 a month, calling the idea a “game changer.”
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3mohttps://x.com/DropSiteNews/status/1915547701644763166
Thanks for sharing
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3moThe necessity of universal basic income (UBI) will depend on the rate and magnitude of AI-driven job loss, which remains unknown. In the near term, targeted policies like retraining and wage subsidies may be sufficient, but by 2030-2040, UBI could become essential to addressing structural unemployment, inequality, and economic stability. The expanding Australian cybersecurity industry (USD 8.4 billion in 2025) underscores the need for income assistance if non-technical employees are displaced. Although UBI offers a promising social safety net, its practicality relies on funding, political will, and supplementary policies to ensure a balanced shift to an AI-driven economy. 💖 ✨ 🔐 😊
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3moWithout an UBI, the whole system will collapse with the next industrial revolution that is coming. With AI and also robotization, people will slowly stop being needed, jobs will be lost, but that's not necessarily something bad. Companies will have to pay higher taxes when automation kicks in and start firing people, and that money has to be shared between those that will be paid to stay at home. Without money, those persons wouldn't buy the products those companies manufacture, it's a vicious cycle. Those companies on the other hand, won't have people that don't want to work and are only there just because they need the money. Only people that really love to work, will work, and that's a good thing. The other ones can do Art, create their own projects, or have a futile life if they want to. UBI is inevitable, its an unescapable consequence of what's coming, and the sooner people and their leaders realize that UBI will be necessary, the better. Around 10 years ago I made a video saying that but nobody took me seriously, but the more time passes by, the more people realize that we won't have any other option than to implement an UBI. It will be what some name "a Star Trek society". Later we'll stop having money also...
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