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MONEY VS. COMPUTER POWER

AI wants your job (up to 300 million jobs could be replaced “soon” according to Goldman Sachs), two solutions are fighting to provide an economic fix:

Universal Basic Income (UBI) 💰, and its geeky cousin;

Universal Basic Compute (UBC) 💻

UBI - giving everyone a regular payout regardless of whether they work or not. It's the "here's some cash, good luck" approach to dealing with robots taking our jobs. The idea goes way back to Thomas More who mentioned it in "Utopia" (1516). Martin Luther King Jr. was a fan too.

The benefits are clear: when machines do the work, people still get money to live. With that floor, you can retrain for new jobs, start a business or buy a new pair of sneakers without stressing about the rent 👍

But there's a massive catch - the price tag. A handout like this would cost a bunch! (living wage x working age population = number with a lot of 0s)

Critics worry that people will just stop working altogether (yay) and that giving everyone the same amount might leave the neediest with less support than they would have under targeted programs.

Enter UBC, the brainchild of tech types like OpenAI's Sam Altman. Instead of cash, everyone gets their slice of computing power, your personal share of what powers AI systems like chatGPT. You could use it directly, sell it, or donate it to medical research.

Don't compensate people for being replaced by AI - give them ownership of the AI…They say this could help to bridge the growing "compute divide" between tech giants and everyone else. With your compute allocation, you could potentially create digital products, develop new skills, or participate in the AI economy.

UBC has challenges. How would we divide computing power up? Why wouldn’t non-techies just sell their allocation to Google, Microsoft, or DanTheHuman? This outcome would turn UBC into a shitty form of UBI? Last I checked, you can't pay your rent with computing cycles…

Conclusion? Neither solution alone seems any good. A hybrid approach might work better, some basic income + access to computing resources but the whole thing does need a bit of thinking about.

We do need bold experiments to be conducted, now. The future might not have jobs for everyone, but it will still have people who need to live, create, and thrive.

Looking at the way governments bicker, I personally struggle to believe they could organise a transition of this scale, maybe i’ll be pleasantly surprised. Or maybe the robots take over 😉 🤖

Reply with your thoughts!

^{References: LinkedIn: AI and Universal Basic Income | Forbes: Can UBI Save Us From AI Destabilization? | CCN: Universal Basic Compute Can Combat AI Divide | My thoughts | Some nonsense from the internet}

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