News for hackers. Stuff that matters.
Re:Y Combinator Learns Basic Income Is Not So Basic After All by jcranmer on Monday August 27, 2018 @03:43PM (#17853848)
> Because of the high cost of housing across the US, a single childless person cannot live on $1000/month in many places. There are cities where rent on a one bedroom apartment is nearly $1000/month.

Let me correct that for you: a single, childless person cannot maintain a lower-middle class living standard on $1000/month. If you start giving up amenities, you can live on less money. You don't need cable TV, nor do you need to have a budget for eating out. Of course, the two single biggest savings you can do are a) move to a lower cost of living area and b) get a roommate or two. Half the rent of a 2-bedroom apartment is going to be about 50-60% the rent of a one-bedroom apartment.

Basic income shouldn't be targeted to ensuring that people can afford to bum around on no income in a high-cost of living area. If you want to live in a high-cost location, you should secure the income to live there.

Re:Y Combinator Learns Basic Income Is Not So Basic After All by DoreenMichele on Monday August 27, 2018 @03:50PM (#17853913)
Basic income shouldn't be targeted to ensuring that people can afford to bum around on no income in a high-cost of living area. If you want to live in a high-cost location, you should secure the income to live there.

Sam Altman and other tech giants are proposing basic income as a means to provide for people incapable of getting jobs due to automation permanently eliminating jobs for large numbers of people. They predict permanent unemployment of up to 80 percent of the population.

The jobs being eliminated currently pay between $20k and $50k. Once they eliminate those jobs, they are talking about giving you about $10k and no hope of ever having a full time job again.

Please go talk to the people who are proposing UBI as a solution to this scenario, not me. I am not actually pro UBI. I am for seeing this as another industrial revolution and further improving worker's rights. Among other things, the first industrial revolution gave birth to the expectation of a 40 hour work week in order to spread earned income around.

I am all for people working for a better life. But people like Sam Altman would like to design a world in which that is simply not possible for most Americans and would like to then throw a few crumbs to the masses for whom a job is simply not a possibility in the world they foresee and would like to optimize for.

(Though I think if your goal is to eliminate jobs -- rather than find ways to redistribute work -- then UBI needs to be designed as a middle class income, not a poverty level income. Otherwise, you are an asshole in my book if this is the world you want to design for people who aren't already millionaires.)

Re:Y Combinator Learns Basic Income Is Not So Basic After All by ilaksh on Monday August 27, 2018 @04:22PM (#17854174)
In my city in socal you can't even get an apartment for $1000. If you find one that cheap it's probably got a terrible cockroach problem.
Re:Y Combinator Learns Basic Income Is Not So Basic After All by ryanwaggoner on Monday August 27, 2018 @10:51PM (#17856266)
Half the rent of a 2 bedroom apartment is never 50% of the rent for a 1 bedroom apartment, or they’d be the same price.