Silicon Valley firms have jointly funded Y Combinator to begin the process of distributing $1,000 per month to US residents to track the effect over a 3 to 5 year span. In exchange for the "free" money recipients will be free to engage in the activities provided by the tech giants 24/7.
"Several tech billionaires including Mark Zuckerberg, Elon Musk and Richard Branson have publicly talked about how a universal basic income could tackle poverty and the potential for mass unemployment as more jobs become automated."
Source: https://www.cnbc.com/2017/09/21/silicon-valley-giant-y-combinator-to-branch-out-basic-income-trial.html
What do you think?
MJ
@mjsnosk8er
Using irrelevant tags, especially popular tags, makes it hard to find good and relevant content.
Please try to use only relevant tags when posting!
#steemit
Please only use the “steemit” tag for articles distinctly related to Steemit, the website, itself.
Removed the steemit tag. Thanks
A tough one, don't know enough about this to make a fully informed decision. From what I sense there is way too many people and not enough jobs. Not everyone wants to work either to be precarious, concentrate on building their skills, happy to volunteer etc. The people who want more than the minimum will start a business, have career or settle for whatever basic job they can get. Sounds good good to be true for me in a way though this UBI. Be interesting to find out how many actually work because they want to or have to.
I see a total loss of dignity and of self-determination in populations that adopt this model. There will be a cost to the 'free' money...lol...
Meanwhile Steemit is actually doing it ie: Make money participating in a social media platform but without reorganizing society with another permanently dependent and entitled underclass.
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