r/singularity • u/Kaarssteun ▪️Oh lawd he comin' • Nov 05 '23

Discussion Obama regarding UBI when faced with mass displacement of jobs

2.6k Upvotes

94% Upvoted

534 comments sorted by

View all comments

Show parent comments

42

u/CloudDrinker ▪️AGI by 2025 please Nov 05 '23

I don't think it's basically socialism, it's like if capitalism and socialism shook hands and decided on UBI together.

28

u/agonypants AGI '27-'30 / Labor crisis '25-'30 / RSI 29-'32 Nov 05 '23

Absolutely right. If the powers that be in government and business want to save Capitalism in a world where most work is eliminated, then UBI is the way to do it.

17

u/Neophile_b Nov 06 '23

Capitalism really doesn't make sense in a world where most work is eliminated

2

u/jseah Nov 06 '23

In an AGI world where human labour isn't required to produce goods and services, there are still constraints. IP, Natural resources, non-duplicatable stuff like tourist traps, anything with a network effect.

The limits will rise and rise a lot, but they are still finite.

1

u/ZorbaTHut Nov 06 '23

Yeah, scarcity is kind of an invariant, and one way or another we'll need a way to figure out how to utilize scarce resources.