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Re:We'll need universal basic income – Geoffrey Hinton by impossiblefork on Saturday May 18, 2024 @06:08PM (#40402522)
I don't think it'll work. UBI is a dole. The Romans had that-- when they acquired enough slaves so that the farmer class were no longer running many little farms it turned the core the empire-- their capable farmers, into clients.

I think however, that UBI may be worse than the Roman bread doles. Those were after all only food, but money are every kind of resource. There was also still a need for the client class, since they were in fact still a source of soldiers of the empire.

The change that UBI makes in modern times is that it changes people who are important and who co-operate in order to make things and get them to others are turned into just a cost which never produces anything. Consequently it'll always be appealing to get rid of them.

The only way ordinary people can survive is by having power, and UBI is not enough. If you need UBI you should probably have already had a revolution and seized control because the rulers can always end it.

Consequently I don't see how UBI can be a solution. It must be something else. I believe a reduction in working hours could work for a while, at least a decade, but won't be enough in the long run and I'm far from certain that there is a solution.

Another problem we've had here in Sweden is that people try to fund these things by taxing successful workers instead of capital owners etc., so it's a rebalancing within the working class while the genuinely rich are unaffected. Because any rebalancing of tax from ordinary people to the rich will cause inflation and reduced investment due to the fact that ordinary people spend a larger fraction of their incomes on consumer products it'll always be appealing to make this purely a rebalancing between workers.

Thus there isn't just one failure mode, but two.

Re:We'll need universal basic income – Geoffrey Hinton by viraptor on Saturday May 18, 2024 @06:53PM (#40402748)
> are turned into just a cost which never produces anything.

The whole premise here is incorrect. Every time UBI is tried, this scenario does not happen. You can find study after study that finds the same thing. https://www.vox.com/future-perfect/2020/2/19/21112570/univer...

> Economists found that it doesn’t make them work less. It does lead to improved education and mental health, and decreased addiction and crime.

Re:We'll need universal basic income – Geoffrey Hinton by DamnYuppie on Saturday May 18, 2024 @08:12PM (#40403123)
They have never tried on a large scale over a large timeline. Behavior changes will not happen over night.
Re:We'll need universal basic income – Geoffrey Hinton by viraptor on Saturday May 18, 2024 @08:20PM (#40403156)
You mean like the one across Iran running from 2011? Yeah, I agree at this point we should just run it globally for over a decade to see if the result is in any way different than almost every single test done so far.
Re:We'll need universal basic income – Geoffrey Hinton by rahimnathwani on Saturday May 18, 2024 @08:58PM (#40403311)
Not only that, but behaviour change depends on whether you expect the thing to last forever.
Re:We'll need universal basic income – Geoffrey Hinton by timschmidt on Saturday May 18, 2024 @08:59PM (#40403315)
"This paper has two purposes. First, it documents the historical context of MINCOME, a Canadian guaranteed annual income field experiment (1974 to 1979). Second, it uses routinely collected health administration data and a quasi experimental design to document an 8.5 percent reduction in the hospitalization rate for participants relative to controls, particularly for accidents and injuries and mental health. We also found that participant contacts with physicians declined, especially for mental health, and that more adolescents continued into grade 12. We found no increase in fertility, family dissolution rates, or improved birth out comes. We conclude that a relatively modest GAI can improve population health, suggesting significant health system savings"

https://www.utpjournals.press/doi/pdf/10.3138/cpp.37.3.283

All in about 4 years.

Re:We'll need universal basic income – Geoffrey Hinton by rahimnathwani on Saturday May 18, 2024 @08:58PM (#40403308)
Most of the schemes listed on that page fall short of what I consider to be UBI. In particular, most fail to provide enough money for someone to fund their basic needs (food and shelter).

Are you aware of any UBI experiments where the recipients are confident that both:

1) the amount will cover their basic needs, and

2) the scheme will last forever?

The reason I'm asking is that if either of these conditions were not met, the recipient would be crazy to stop working.

If someone were to commit to giving you $10k/month forever, increasing with inflation, you might quit your job. If it were only $500/month, you'd probably keep working. If it were $10k/month, but the payments might stop after a year, you'd probably keep working.

(Not 'you' specifically of course. I know nothing of your personal situation.)

Re:We'll need universal basic income – Geoffrey Hinton by pfannkuchen on Saturday May 18, 2024 @09:26PM (#40403425)
You seem to be assuming that UBI qualitative effects are scale invariant for both population and time. Why do you assume that?

There is a tendency among many people to give precedence to a scientific study over pure reasoning even when the degree of relevance of the scientific study is tiny. It’s like schools don’t teach how to determine if a study is applicable and so people often do it very clumsily. This is a dangerous error.

Re:We'll need universal basic income – Geoffrey Hinton by viraptor on Saturday May 18, 2024 @10:15PM (#40403640)
Because the same potential issue has been rised every time. And every experiment on a scale bigger than before shows the problem doesn't happen. I wish more people were saying "let's keep scaling the experiments up to see where it stops working" rather than repeating that it won't.

I'm not saying I'm 100% certain it is invariant. Just that we should stop repeating the tropes that so far haven't been shown true.

Re:We'll need universal basic income – Geoffrey Hinton by pfannkuchen on Sunday May 19, 2024 @12:40AM (#40404326)
What potential risks of UBI do you think the existing studies rule out?

I think pro UBI people often straw man anti UBI arguments as a disguised belief that Group X is lazy. I think pro UBI people do this because they are morally triggered by discriminatory work ethic beliefs (fair enough). I think that people who cite these studies might see the studies as ruling out the straw man, which makes them feel fuzzy self righteous feelings, but to me the studies do not even remotely address what I see as the actual risks of at scale UBI deployment.

Re:We'll need universal basic income – Geoffrey Hinton by viraptor on Sunday May 19, 2024 @06:16AM (#40405792)
It's simply: So far almost every experiment I've seen had positive outcomes in terms of employment, physical and mental health, overall happiness / stress reduction. That means we should keep expanding this until either we find actual problems to deal with or everyone is on UBI. We can spend ages trying to come up with various risks to rule out, but... what's the point in practice? We're basically agreed that we don't really 100% know how people will behave at scale. Worst case, we can discover and deal with real problems. Best case, it works great at scale as it does in small tests.
Re:We'll need universal basic income – Geoffrey Hinton by lotsoweiners on Sunday May 19, 2024 @09:18PM (#40411126)
Unfortunately you can’t apply your Agile methodologies to UBI. I want to know about every possible tax edge case funding it because inevitably the upper class will find ways around paying for UBI. You don’t want it to become like Social Security where there is risk of insolvency in future generations.
Re:We'll need universal basic income – Geoffrey Hinton by pfannkuchen on Monday May 20, 2024 @01:13PM (#40417675)
The risks of UBI don't exist at the level of the individual. They exist at the system level. Studying individual level effects does not tell us anything about system level effects.
Re:We'll need universal basic income – Geoffrey Hinton by thegrim33 on Saturday May 18, 2024 @09:37PM (#40403466)
As an aside, linking to vox.com as proof of some claim doesn't really help your cause. If you want people to take you seriously try to at least cite data from a source that isn't one of the most biased and tarnished major media organizations in the country.
Re:We'll need universal basic income – Geoffrey Hinton by viraptor on Saturday May 18, 2024 @09:41PM (#40403485)
It's enough to do minimal search to find the referenced programs. If anyone's actually interested in how UBI experiments worked so far, they don't need spoonfeeding.
Re:We'll need universal basic income – Geoffrey Hinton by impossiblefork on Sunday May 19, 2024 @03:46AM (#40405090)
That's not the sense I meant it in. Yes, people will of course not be idle while they get the UBI, but they are no longer likely to be these integrated cogs in a machine.

If you work in a team programming something or similar, then you are co-operating to produce a product, and if you've got a civilised company you'll all end up friends. You've had a common goal and you've worked towards it together in an honest way. Furthermore, you are necessary to society. Even if the political and economic elite are not in on this work, and are not participating in it in an honest way, the success of your work is something they need, thus they need you.

But here the reason why we're instituting UBI is that people are no longer necessary to production.

This is similar to something about the resource curse. When countries need their workers for wealth they tend to need to ensure that their workers have good conditions, but if they can get away with just extracting oil or natural resources, then the good conditions disappear. AI will reduce the need for workers to the point of UBI, so it will become more like the extractive work in these states with less good conditions.

So my objection isn't to UBI as such, it's that I think UBI doesn't go far enough. Having thought some more since yesterday evening I think it may even be so that for the situation to be stable the people on UBI need to basically rule the country full-time. A mega-parliament with very great power. So as society moves away from work ordinary people need to move away from work and towards ruling.

Re:We'll need universal basic income – Geoffrey Hinton by kzurell on Saturday May 18, 2024 @07:30PM (#40402941)
UBI has already worked. We hunt and forage food and water, but air and gravity are supplied for free, the latter being inescapably mandatory (good luck ending it, rulers). They're not nothing, not "but that's different", there's wattage in all.

We talk about tax and money like they're natural theories, when we could easily pursue compatible, interoperable regimes that meet the UBI design brief. If price is value then change in price is a proxy for externalities, so tax transactions based on change in instantaneous price. The power to do so is in divide and conquer, between rentiers who value stability and those who cultivate volatility. The Not-In-My-Back-Office corporate leadership creates gigahertz iPads but never seems to buy their way out of overnight transaction clearing and filing labyrinthine returns for some reason.

I hate being livestock in the "incentive" farm. We almost all do. And while I appreciate insights about the Roman Empire as much as any white male...it's less the done thing these days. :)

Re:We'll need universal basic income – Geoffrey Hinton by coldtea on Saturday May 18, 2024 @06:47PM (#40402720)
>The only way ordinary people can survive is by having power, and UBI is not enough. If you need UBI you should probably have already had a revolution and seized control because the rulers can always end it.

The problem is not much that the rulers can end it, but that they'll continue it in perpetuity. Or if you wish, that they will only selectively end it, or threaten to end it, for some - as a punishment of disobedience.

UBI's allure from the point of view of those in power is it turns citizens into dependents. So people not working, and not having power, thus turning into "clients", is kind the whole point.

So, yeah, the version of UBI that doesn't have that drawback, is UBI in a society where the masses have seized the control and are actively exercizing it too (not eager to give it back).

Re:We'll need universal basic income – Geoffrey Hinton by lo0dot0 on Sunday May 19, 2024 @09:09AM (#40406717)
All power originates from the people.
Re:We'll need universal basic income – Geoffrey Hinton by petre on Sunday May 19, 2024 @02:34AM (#40404720)
> try to fund these things by taxing successful workers instead of capital owners

The capital will just flee to other places if they do that. In fact it already does.

But I agree, UBI will never work. It will just generate inflation and drive prices up, like the Biden Administration's America Rescue Plan did by giving away $1400 checks to people.

Re:We'll need universal basic income – Geoffrey Hinton by timschmidt on Sunday May 19, 2024 @12:06PM (#40407818)
"While labor and nonlabor input costs have played a role in price increases, corporate profits drove 53 percent of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic. Comparatively, over the 40 years prior to the pandemic, they drove just 11 percent of price growth."

https://groundworkcollaborative.org/wp-content/uploads/2024/...

Re:We'll need universal basic income – Geoffrey Hinton by impossiblefork on Sunday May 19, 2024 @01:35PM (#40408406)
Yes, but I believe that this can be solved if capital comes from wages-- i.e. large-scale mandatory savings as a fraction of wages, set by each country's central bank and raised in times of inflation, lowered in times of deflation.