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Did you know that you could get paid to try out a new website and give feedback? Altman believes robots are likely to solve the cost problem, even as they eliminate jobs, by creating unprecedented productivity and wealth—perhaps even doubling GDP. “If we need it, we’ll be able to afford it,” he says of UBI. But cost isn’t where he’s focusing now: The Y Combinator team is far more concerned with collecting conclusive data about whether UBI can create the stability to allow people to find meaning in new kinds of work—the kind of data that could persuade policymakers to make a trillion-dollar bet.
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Become an NPR sponsor THE FACTS: I like this article. I was curious about the various income levels and what people would consider rich or well off. Out of all of the sites I read it seems everyone has their own perception of what rich is. I guess that the term rich is subjective. It seems to depend upon a persons point of reference. A person with lower income would probably feel being rich begins at a lower threshold than someone who has a high level income. That’s just my two cents.
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A healthier, better-educated workforce would presumably be better armed than a control group to handle future economic disruption. Forget’s study, alas, doesn’t address what became of the Mincome families after the pilot ended. But Guy Standing isn’t discouraged by the lack of firmer conclusions. And he’s bullish on what existing research shows about the relationship between UBI and work habits, regardless of what kind of economy recipients are immersed in. “Critics say that if you provide a basic income people will … become lazy and surf on Malibu beach or something,” Standing says. “In actual fact we’ve found very strong positive effects on the amount of work people were doing. It energized people [and] it increased entrepreneurial-type activities.”
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