There are a number of problems with UBI. The largest issue is that tech giants say they want to create a UBI because many jobs are going away permanently. These jobs pay like $20k to $50k annually. Proposed UBI is usually $10k. The most generous figure I have seen (from Sam Altman) is $18k.
Then the rest of the article talks in glowing terms about how lovely it will be for underpaid workers to have this extra money. These articles never actually explore what life would be like if your $50k job disappears, you are doomed to only get $10k UBI and have no hope of getting another job.
Another issue is that we have a serious, long standing shortage of affordable housing. We tore down about 80% of SROs in a couple of decades and never replaced them. Average size of new housing has more than doubled since the 1950s. If you do nothing to address the issue of affordable housing, then UBI solves nothing.
My fear is that tech giants focusing on UBI means that restructuring work to better distribute it, addressing the need to fix health care and affordable housing will all get ignored because UBI is supposed to be some panacea. But it's not. It is basically rich people imagining they can solve this by cutting a check. They can't. That doesn't work. If there simply isn't affordable, basic housing, UBI won't get you off the street.
Then the rest of the article talks in glowing terms about how lovely it will be for underpaid workers to have this extra money. These articles never actually explore what life would be like if your $50k job disappears, you are doomed to only get $10k UBI and have no hope of getting another job.
Another issue is that we have a serious, long standing shortage of affordable housing. We tore down about 80% of SROs in a couple of decades and never replaced them. Average size of new housing has more than doubled since the 1950s. If you do nothing to address the issue of affordable housing, then UBI solves nothing.
My fear is that tech giants focusing on UBI means that restructuring work to better distribute it, addressing the need to fix health care and affordable housing will all get ignored because UBI is supposed to be some panacea. But it's not. It is basically rich people imagining they can solve this by cutting a check. They can't. That doesn't work. If there simply isn't affordable, basic housing, UBI won't get you off the street.