It's frustrating to constantly see a UBI mis-characterized as something that would replace work. The key word is "Basic", it isn't intended to completely replace work or the market economy but instead allow people to survive, most people will still have an incentive to work but more importantly people would have the freedom to do the jobs they wanted to do perhaps volunteer, get further education or innovate in other ways without worrying about being able to buy food.
Main problem with a UBI is cost. How exactly will you raise the money needed to just give everyone enough money to live off of. Also, giving money to people who don't really need it hardly seems productive. Both problems can be solved by using another form of basic income called a Negative Income Tax. Creates better work incentives too.
@@theminuteman6211 if your work could be performed more effectively and efficiently without your participation - what's the point of fooling yourself? No self value could nor should ever be derived from that. Otherwise - do whatever fulfills your requirements for being valuable.
@@alexanderserdyukov1891 Well, there are a couple of ways to look at it. Firstly, the types of jobs that AI can replace are divided on the lines of routine and non-routine (as opposed high and low skill as people assume). AI will not be able to replace non-routine jobs for the forseeable future. Then, there's the question of what work is: is it employment for money or is it the activities than you undertake during employment for money? There are fulfilling activities that cannot really be pursued in a recreational sense and there is fulfillment in earning money from the activities you do.
Confident in any research or other form of advancement by the industry. Now that Britain is no longer a European country the notion of Royal Society does not apply. Perhaps coining a commonwealth slogan for a new British identity would be a sound idea to carry on great work.
I had a friend I tried to explain the driverless trucks are coming. We have" the perfect storm coming". In observation with our current situation we have a segment of society that refuses to embrace change. We are still talking about racial politics from the early 1960's. Also still debating 1865 politics. Those willing to embrace change will make it!
5th law ?? Or do refer to THIRD law of thermodynamics ? If so, it describes CLOSED systems. The planet Earth ISN'T a closed system (as a human body isn't) It rather receives huge amount of energy from WITHOUT by the sun - constantly during now about 5 billion years and will do it for another 5 billion years. So, the call is for a "device" which can "tap" the sheer inexhaustible energy resources of the sun.
With entirely no fossil fuels, grow forests to burn wood and forge an axe. Wait for more trees to grow and cut them to create a Waterwheel with the axe. The Waterwheel will wear and tear and disintegrate at work well before it produces sum useful energy that matches all the solar the trees cut were exposed to, including the solar captured to produce foods and sustain humans in the process. This is regardless of the Sun still shines and rivers are still flowing. Solar, Wind, Nuclear, Fusion and all others are no different - they are fossil fuels sub-products. Humans can not manufacture Energy. Energy always and only flows from the past into the future (The Fifth Law).
SunRoad And the energy to "grow" forrests... and the energy for "creators" of axes nad waterwheel... and the energy causes water to flow....and....and.....comes from ??
The woke old man is really annoying. Stop talking about income inequality, large corps not paying their fair share, "fair wages," and getting Trump jokes in and talk more about AI and its effect on economy and work. Long speech, not much said.
Neither one of these speakers could learn to program well enough to get a job if their lives depended on it. They have jobs where they can just talk nonsense and get paid for it. The key is to get a job like that, I guess.
First sentence - polarisation. Second sentence - gender problems. Third sentence - political problems. First paragraph - neo fascism. Wrong forum for neo Stalinist Stieglitz. Stopped watching his outdated claptrap and regressive homilies.
That's the kind of a braindead that doesn't stay to learn something different, because he can't stand diversity of thinking. That way you're right, this is not for you. But people like have a name... Yes they have. Not fascist, or neo fascist... You can become that by being reactive! Just stay where you are and we will see. Go on just listening the ones who think alike. Maybe you will learn nothing more and the damage you can bring will be lower than the opposite.
Hugo Dionisio I know a huge amount about AI, ML, NL, DL, NLP, algorithms, big data, predictive analytics, robotics, sensors, IoT, quantum computing...I could go on. I also know how to make R&D into actual real-time solutions that already benefit the world, regardless of politics, race, creed and brainpower. Unfortunately, Stieglitz for all his many qualities still represents an era that has long disappeared, which is apparently where you belong.
@@2smoulder Nobody is "apolitycal" my friend. Maybe you want to say something like: "I have no partisan preferences". We, Humans, are all political beings. Even when you say "I'm apolitycal", you are assuming a political position. By that you want to express something like "I'm neutral". And nobody is neutral too. Within nature, nothing is neutral.
Professor stiglitz why don't you tell the truth about economics why do you and Paul Krugman refused to tell the truth about economics it's not that you lie you just don't tell the truth why does Columbia allow you to teach there when you know Main Street in Economist are not telling the truth why don't you contact Professor Kelton at Stony Brook University you don't care about the truth you care about your career you and Paul Krugman should be ashamed
starts at 3:05
Thanx
It's frustrating to constantly see a UBI mis-characterized as something that would replace work. The key word is "Basic", it isn't intended to completely replace work or the market economy but instead allow people to survive, most people will still have an incentive to work but more importantly people would have the freedom to do the jobs they wanted to do perhaps volunteer, get further education or innovate in other ways without worrying about being able to buy food.
Work is little more than glorified involuntary games - there's nothing wrong bout replacing it completely with ubi.
@@alexanderserdyukov1891 Work is also a means by which people derive self value.
Main problem with a UBI is cost. How exactly will you raise the money needed to just give everyone enough money to live off of. Also, giving money to people who don't really need it hardly seems productive. Both problems can be solved by using another form of basic income called a Negative Income Tax. Creates better work incentives too.
@@theminuteman6211 if your work could be performed more effectively and efficiently without your participation - what's the point of fooling yourself? No self value could nor should ever be derived from that. Otherwise - do whatever fulfills your requirements for being valuable.
@@alexanderserdyukov1891 Well, there are a couple of ways to look at it. Firstly, the types of jobs that AI can replace are divided on the lines of routine and non-routine (as opposed high and low skill as people assume). AI will not be able to replace non-routine jobs for the forseeable future. Then, there's the question of what work is: is it employment for money or is it the activities than you undertake during employment for money? There are fulfilling activities that cannot really be pursued in a recreational sense and there is fulfillment in earning money from the activities you do.
Very well said
Confident in any research or other form of advancement by the industry. Now that Britain is no longer a European country the notion of Royal Society does not apply. Perhaps coining a commonwealth slogan for a new British identity would be a sound idea to carry on great work.
Have a plan if you plan to have.
I had a friend I tried to explain the driverless trucks are coming. We have" the perfect storm coming". In observation with our current situation we have a segment of society that refuses to embrace change. We are still talking about racial politics from the early 1960's. Also still debating 1865 politics. Those willing to embrace change will make it!
A.G.I Will be man's last invention.
No device can output sum useful energy in excess the total energy put into constructing it (The Fifth Law).
5th law ??
Or do refer to THIRD law of thermodynamics ?
If so, it describes CLOSED systems. The planet Earth ISN'T a closed system (as a human body isn't)
It rather receives huge amount of energy from WITHOUT by the sun - constantly during now about 5 billion years and will do it for another 5 billion years.
So, the call is for a "device" which can "tap" the sheer inexhaustible energy resources of the sun.
With entirely no fossil fuels, grow forests to burn wood and forge an axe. Wait for more trees to grow and cut them to create a Waterwheel with the axe. The Waterwheel will wear and tear and disintegrate at work well before it produces sum useful energy that matches all the solar the trees cut were exposed to, including the solar captured to produce foods and sustain humans in the process. This is regardless of the Sun still shines and rivers are still flowing.
Solar, Wind, Nuclear, Fusion and all others are no different - they are fossil fuels sub-products.
Humans can not manufacture Energy. Energy always and only flows from the past into the future (The Fifth Law).
SunRoad
And the energy to "grow" forrests... and the energy for "creators" of axes nad waterwheel... and the energy causes water to flow....and....and.....comes from ??
Yes, when there'll be entirely no more fossil fuels - i.e. in the foreseeable future.
SunRoad
Still curious... WHERE the energy to GROW Forrests come FROM ?
But future is unpredictable things.....
4:16 “If you look at those groups who supported … uh … our … (I don’t know what to call him.) … uh … the person in the White House now...” hahaha!
Rrshannnnnnnnnnnnnnnn;nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnhhhibhhhhhhhhhhhhhhhmmiiiiiiiiiiiiiii
@@susanhowson12 right on. //mmmmmmmmmddsjsnsbddddd
The woke old man is really annoying. Stop talking about income inequality, large corps not paying their fair share, "fair wages," and getting Trump jokes in and talk more about AI and its effect on economy and work. Long speech, not much said.
The broken thursday unknowingly introduce because vase summatively moan concerning a hapless lumber. tremendous, towering hydrofoil
Neither one of these speakers could learn to program well enough to get a job if their lives depended on it. They have jobs where they can just talk nonsense and get paid for it. The key is to get a job like that, I guess.
The guy has a nobel prize in economy, and you?
This guy is full of it
First sentence - polarisation. Second sentence - gender problems. Third sentence - political problems. First paragraph - neo fascism. Wrong forum for neo Stalinist Stieglitz. Stopped watching his outdated claptrap and regressive homilies.
that coming from a conservative braindead that has mental tabus like that... Wow
That's the kind of a braindead that doesn't stay to learn something different, because he can't stand diversity of thinking. That way you're right, this is not for you. But people like have a name... Yes they have. Not fascist, or neo fascist... You can become that by being reactive! Just stay where you are and we will see. Go on just listening the ones who think alike. Maybe you will learn nothing more and the damage you can bring will be lower than the opposite.
Hugo Dionisio I know a huge amount about AI, ML, NL, DL, NLP, algorithms, big data, predictive analytics, robotics, sensors, IoT, quantum computing...I could go on. I also know how to make R&D into actual real-time solutions that already benefit the world, regardless of politics, race, creed and brainpower. Unfortunately, Stieglitz for all his many qualities still represents an era that has long disappeared, which is apparently where you belong.
Hugo Dionisio I am apolitical, so you are wrong again. 🤘
@@2smoulder Nobody is "apolitycal" my friend. Maybe you want to say something like: "I have no partisan preferences". We, Humans, are all political beings. Even when you say "I'm apolitycal", you are assuming a political position. By that you want to express something like "I'm neutral". And nobody is neutral too. Within nature, nothing is neutral.
Professor stiglitz why don't you tell the truth about economics why do you and Paul Krugman refused to tell the truth about economics it's not that you lie you just don't tell the truth why does Columbia allow you to teach there when you know Main Street in Economist are not telling the truth why don't you contact Professor Kelton at Stony Brook University you don't care about the truth you care about your career you and Paul Krugman should be ashamed
Danny Windham
Aaaaaand the "truth" iiiis....?!?