The Case for Universal Basic Income

For as long as I have been on HN, I could count with my fingers how many times housing were even mentioned in UBI discussions. Basically, UBI doesn't fix the issue that is the housing bubble we have today.

Although I do agree with the article on AI, and I am normally not the one to say new tech will eliminate jobs as the usual counter argument is it will also create new jobs. But if anyone have read the paper on the BullShit jobs [1] in the early 10s, we are witnessing, in real time how AI is rapidly getting rid of these jobs. And unfortunately I work in an area and organisation where there are a lot of these bull shit jobs and we are getting 50% headcount reduction in certain departments already.

The last time we have had such an economic shock were 2008 financial crisis. We could argue QE, China and often not giving enough credit to; iPhone pulled the whole world out of it. Nearly 20 years later I am not sure if we could do that again. Neither India and SEA could provide similar growth, all while we are automating everything in rapid speed, not only AI in terms of day to day work, but also manufacturing automation.

[1] https://news.ycombinator.com/item?id=6236478