Ask A Genius 292 – Universal Basic Income (2)
Author(s): Scott Douglas Jacobsen and Rick Rosner
Publication (Outlet/Website): Ask A Genius
Publication Date (yyyy/mm/dd): 2017/09/16
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Scott Douglas Jacobsen: Which country?
Rosner: Finland.
Jacobsen: 550 monthly wage to ten thousand working adults.
Rosner: Okay, so ten thousand people, not 10% of the population?
Jacobsen: No.
Rosner: So, that works out to be like 7200 bucks a year which isn’t enough to live on but certainly helpful. Anyway, this thing is popping up now I believe because of job dislocation and loss to the increasing technology.
We’ve always had since the Industrial Revolution, we’ve had job loss and obsolescence due to technology where the U.S used to be a majority agricultural country for most people who are working or working on farm. And now it’s down to like 2% due to technology; that was a 110 – 120 years ago. Those of the people who were pushed off the farms were able to find other areas to work in and but now as automation takes over more and more areas of work it becomes tougher and tougher for people to find areas of work that aren’t being automated and right now actually America has pretty close to full employment. So, job losses due to automation or not [04:34] and lot of people have the feeling that it’s super imminent. What else are you going to do when there isn’t enough work for everybody?
Jacobsen: Alright, we checked out Korea; it has the highest ratio of humans to robots in terms of workers.
Rosner: What do you mean? Highest ratio of robots to humans?
Jacobsen: Yes.
Rosner: And how messed up are they because of that?
Jacobsen: They seem like a clean running culture.
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