Universal Basic Incompetence
Universal Basic Incompetence Simplicius Last week a watershed study on UBIāUniversal Basic Incomeāwas published, which you can find here . Particularly noteworthy is it was carried out by Sam Altmanās Open Research, a cutout of OpenAI, to test theories of UBIās potential future impact on society, given that itās OpenAIās radical developments in the AI field which threaten to replace the human workforce with machines in the not-so-distant future. In essence, the study gave $1,000 dollars per month to 1,000 low-income Americans for three years, with another 2,000 people serving as control group with $50 a month. The money was given unconditionally, meaning they could spend it on anything they want, unlike various forms of Welfare with severe restrictions on its usage. Itās said to be the largest scale experiment of its type in America, though there have been others elsewhere, like a well-known UBI pilot study in Finland in 2017 . The researchers aimed to answer a series...