What is the universal basic income

Mark Zuckerberg, other entrepreneurs and some countries are considering universal basic incomes for everyone, let's discuss!

Transcript

00:00We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas.

00:09And now it's time for our generation to define a new social contract.

00:22There will be fewer and fewer jobs that a robot cannot do better.

00:30What to do about mass unemployment? This is going to be a massive social challenge.

00:37And I think ultimately we will have to have some kind of universal basic income.

00:42I don't think we're going to have a choice.

00:51We're doing a study, also NYC research,

00:55where we're going to try giving about a thousand people a basic income for five years.

01:00We don't need everyone to work and we have enough resources where we can give everyone money and you can do what you want.

01:19I think it's going to be really different. I think it's important to start studying this now.

01:23Because even if the jobs don't really change for 10 or 20 or 30 years,

01:30human society does not adapt very quickly.

01:32And the sooner we can start seeing what happens and how people adapt, I think the better off we'll be.

01:52Show me the money.