Open uri20160822 3 ppr8p4?1471892223

Andrew Ng disagrees: Basic Income

Baidu; Stanford CS faculty; founded Coursera and Google Brain

I do not believe in unconditional basic income because this just encourages people to be trapped in low skilled jobs without a meaningful path to climb up to do better work. So rather than to pay people to “do nothing” I would rather see a new “New deal” where we pay you to study because I think that today we know how to educate people at scale and the society is pretty good at finding meaningful work and rewarding people at the relevant skills. Incentivizing people to study increases the odds that the displaced worker can gain the skills they need to reenter the workforce and contribute back to this tax phase that gives as this engine of growth of the economy.

source

Comments:

Missing mini

Ben

" just encourages people to be trapped in low skilled jobs without a meaningful path to climb up to do better work" - I disagree with this premise. It gives people a stable footing to start from, including enabling many to better themselves educationally whereas before there wouldn't have been a change to. "society is pretty good at finding meaningful work and rewarding people at the relevant skills." - in the UK, least, there exists a term called Social Mobilty and it is very well recognised that this is a big problem, which goes against his particular comment here.

Log in to comment · Back
Create a new topic