Comments by "Mikko Rantalainen" (@MikkoRantalainen) on "Sabine Hossenfelder" channel.

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  15. I'm worried that social unstability is going happen sooner than politicians figure out that we should switch to UBI (Universal Basic Income) before AI and robots take majority of the jobs. We still have no idea how the few skilled humans that can do things that AI cannot (yet) do should be rewarded to keep working. If majority of the people can use their time as they see fit thanks to UBI, what kind of resources the society can provide for the skilled individuals to keep them working? It cannot be simply a bit above average salary because then it wouldn't be worth their time. Right now, the competition is between minimum pay and well paid job. When AI has taken over majority of the works, it's UBI + do whatever you like vs do the hardest possible work and have very little free time. And if you have very little free time, you cannot use the money from your work that well either. It might well turn out that the highly skilled people will ask for higher salary than nowadays and still work less hours because otherwise 100% free time + doing whatever you like might feel like the better option. Of course, one way to combat this would be the set the monthly UBI payments so low that you can barely live on UBI, which would go against the idea of UBI. In long run, it should be assumed that majority of the humans cannot do any of the jobs majority of the people are currently doing. Only highly skilled individuals able to do things that AI cannot (yet) done or individuals that do the job for cheaper than an AI or robot, can keep their jobs.
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