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Originally Posted by iggy_oi
To add to what blankall wrote, I’m not trying to suggest that people will stop wanting to work, I’m suggesting that if the number of job losses due to automation outpaces the number of jobs being created many people will not have the option to work. For that reason I’m of the opinion that more would need to be done beyond a UBI to address the job losses due to automation. Added funding for training and skills upgrading for jobs that need to be filled would be a good place to start.
IMO a UBI is at best a stop gap solution that will only work in the short term and will lead to bigger problems down the road as revenue to pay for it comes from fewer and fewer sources.
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Listen to the podcast, Yang touches on it. Government funded retraining has anywhere from a 0-37% success rate. I’m not sure putting more funding into that is smart, and in addition, UBI would provide those who need retraining with the safety net required to complete it on their own terms.
As you said, “more would need to be done.” Nobody is suggesting the UBI is THE solution, it is PART of the solution. So yes, if a UBI is implemented and nothing else is changed, it’s long term success is questionable at best. But UBI is part of whatever future solution exists, no doubt in my mind.