The fear of UBI

With the rise of AI and robotics, there is a lot of fear surrounding the job market and job losses in the developed world.

In Kai-Fu Lee’s book, AI superpowers, he mentions three potential solutions to the rise of AI

  1. Retraining people
  2. Shifting people (maybe 3-4 day work weeks?)
  3. A general minimum income, or universal basic income

He notes that although a UBI may be necessary, the fear is that the winners of the AI revolution will simply use UBI as a sedative for the real problem

The real problem is that with any revolution, particularly with the respects of technology and the digital era, the winners are becoming bigger winners in the economy.

Facebook has low or no marginal cost for pumping out ads

Advanced AI will be able to do more for less

And the rich will get richer, and instead of finding a solution, governments will put a “bandaid” called UBI for those that fall behind in the revolution

Which is why education is important. Which is why action is important.

a Universal basic income, no strings or restrictions attached, may have the issue of making society complacent.

He proposes instead to instead offer a societal standard income with criteria to meet.

For example:

  1. Educators, teachers
  2. Public workers, government workers
  3. Social workers
  4. those who contribute back to society in some way
  5. Meeting criteria of education and retraining programs

We don’t want to live in a world like Wall-E, where AI and robots are so advanced that humanity falls complacent, inactive

AI and robots will increase productivity. But humanity needs to continue running the race as well.

 

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optimism

It’s easy to be a critic

It’s easy to be negative

When society sees someone going the road less traveled, or going a road that’s never been traveled, our instinct is to condemn the individual for being irrational

But realism and optimism are not polar opposites

In fact, a realistic optimist is the best type of person

They see an opportunity, and instead of simply dreaming about the potential, they actively take steps towards realizing that opportunity

But when someone is too optimistic, they are condemned, or criticized, or surrounded by negativity

Extreme optimism is powerful

But extreme optimism alone means you won’t get anything done. It’s okay to dream of being an NBA star one day. But if you aren’t practicing every day, taking care of your diet and health, and training your mindest as hard as you train your body, then it’s just irrational optimism.

Realistic optimism is unstoppable.

You train every day, you actively work towards your goals, and you are full of unbounded optimism and reach for your dreams.

Rational optimism is how you achieve goals.

Reach for the moon. Just be prepared to also build the rocket ship to get there.

History

It’s important for all of us to story history because that is the only real groundwork we have to better understand the future

History rarely repeats, but it often rhymes

All revolutionary thinkers study past revolutionary thinkers

and so if you wish to be revolutionary, first understand the history and the framework of all the past great thinkers

only once you have a groundwork of history can you transcend what has already been done

The greats become greats after they’ve studied and surpassed the greatest before them

Kobe studied MJ, Lebron studied both Kobe and MJ, Kevin Durant studied all of the above

Every economist will have studied Adam Smith, Keynes, Friedman, etc.

All the great thinkers start with Plato, Aristotle, and then move to modern thinkers: Hegel, Kant, Sartre

And every great piece of literature is influenced by T.S. Eliot, Mark Twain, Tolkien…

History will bring us to the future