Universal basic income

Secondly, the other problem that might incur is that they don't do that.

And then we go down a route of having UBI.

And I like the idea of UBI.

UBI is universal based income.

I think it's good to motivate people to continue to work and kind of solve the problem of welfare and where poor people are getting money from the government, but once they start making a certain amount of money, that welfare is pulled, and now they have taxable income, and so they're actually worse off.

So it demotivates their, you know, want to work.

UBI is just basically everybody getting a certain amount of money per year, and then that, you know, helps you live off that if you don't have work, but you're also able to make more on top of that without having that UBI taken away.

Now, the way that it could be used poorly in AI, in like a very dystopian way, is...

It's certainly not mine.

And it's universal basic income.

So the Treasury, the state, our turnover as a country is trillions.

And the amount of...

The GDP of the country that is reflected in individual salaries is relatively low compared to the actual churn of the economy.

And the universal basic income idea is that at a certain point in time, and there are slightly different models in different places, but it might be 18, it might be 16, it might be slightly graduated.

But basically, everybody gets paid a thousand pounds a month or an equivalent sum.

And the point is that what you do is you calculate a sum which would allow people to lead a decent life.

the economic mobility or just the economic wherewithal to pay these increasing energy prices that are top of my concerns for them so that is sort of the question that i think is on voters minds is it then all becomes very interconnected to that central economic question i have a hot take i would offer please I think potentially, super hot take and controversial hot take, but I think that inevitably in the next decade or two, like the

inevitable place we will land is universal basic income.

And how do we fund UBI if the number of jobs are going to be reduced, if we are just going to make obsolete some of the jobs that currently exist? The truck driving industry, taxi drivers, delivery drivers, that might be the first set of jobs to go.

Is UBI inevitably going to be a part of our future and our economy? And if so, who funds it and how do we get there? That is a policy question that I think policymakers are grappling with and from Hot Take, my perspective, is when you think about the technology that's been built using, again, the data that it's really just data, the data that's been created by humans, right? And who's capitalizing on that? How do we make sure that the people who are capitalizing on our data is paying back their fair share to those folks who have lost their jobs, who have had their jobs replaced, or who no longer have even the mobility to get a different job because of that? I think it's a hot take, maybe, but something that I think is an important part of our conversation.