UBI and AI Simplified

Table of Contents: 00:26 - What is UBI? 00:47 - Size of UBI payments? 02:28 - Why are we even talking about UBI? 04:08 - UBI and AI 05:49 - Threshold for economic problems 06:57 - Does UBI work? 07:57 - How much will UBI cost? 10:44 - Paying for it & inflation 12:33 - Central banks and UBI 15:04 - One model for a launch 16:54 - Challenges modeling outcomes 17:28 - Deflation nightmare 20:04 - Timeline for UBI 23:02 - Why talk about this now? 24:08 - Popular support 25:42 - Avoiding a crisis point 26:49 - Caution about UBI Links: Amazon links include my affiliate code. https://www.federalreserve.gov/publications/files/2021-report-economic-well-being-us-households-202205.pdf https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines Trekonomics: The Economics of Star Trek by Manu Saadia https://amzn.to/3vDC1iW https://thereader.mitpress.mit.edu/the-deep-and-enduring-history-of-universal-basic-income/ https://www.nytimes.com/1971/06/23/archives/house-approves-welfare-reform-by-288132-vote-senate-gets-measure.html World data: https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS?end=2022&start=1991&view=chart US data: https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS?locations=US Bullshit Jobs: A Theory by David Graeber https://amzn.to/3PQm3ZU https://www.figure.ai/ https://www.tomshardware.com/tech-industry/artificial-intelligence/jensen-huang-advises-against-learning-to-code-leave-it-up-to-ai https://www.washingtonpost.com/magazine/2022/10/24/universal-basic-income/ Stanford Basic Income Lab https://basicincome.stanford.edu/ Map of experiments & results https://basicincome.stanford.edu/experiments-map/ https://fred.stlouisfed.org/ https://en.wikipedia.org/wiki/Military_budget_of_the_United_States https://usafacts.org/state-of-the-union/economy/ https://www.statista.com/topics/6701/health-expenditures-in-the-us/ https://www.federalreserve.gov/newsevents/speech/powell20240403a.htm https://thehill.com/policy/3658981-why-the-fed-is-pushing-unemployment-higher/ https://fred.stlouisfed.org/series/fedfunds Central Banking 101 https://amzn.to/3U1eimm https://fred.stlouisfed.org/series/CIVPART https://www.businessinsider.com/phoenix-arizona-guaranteed-basic-income-program-ubi-republican-ban-2024-2 https://www.pewresearch.org/short-reads/2020/08/19/more-americans-oppose-than-favor-the-government-providing-a-universal-basic-income-for-all-adult-citizens/