(Crossposted from Twitter)I'm skeptical that Universal Basic Income can get rid of grinding poverty, since somehow humanity's 100-fold productivity increase (since the days of agriculture) didn't eliminate poverty.Some of my friends reply, "What do you mean, poverty is still around? 'Poor' people today, in Western countries, have a lot to legitimately be miserable about, don't get me wrong; but they also have amounts of clothing and fabric that only rich merchants could afford a thousand years ago; they often own more than one pair of shoes; why, they even have cellphones, as not even an emperor of the olden days could have had at any price. They're relatively poor, sure, and they have a lot of things to be legitimately sad about. But in what sense is almost-anyone in a high-tech country 'poor' by the standards of a thousand years earlier? Maybe UBI works the same way [...] --- First published: July 26th, 2024 Source: https://www.lesswrong.com/posts/fPvssZk3AoDzXwfwJ/universal-basic-income-and-poverty) --- Narrated by TYPE III AUDIO).
