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99% Invisible

The Finnish Experiment

99% Invisible

SiriusXM Podcasts and Roman Mars

Design, Arts

4.827.5K Ratings

🗓️ 19 September 2017

⏱️ 29 minutes

🧾️ Download transcript

Summary

Around the world, there is a lot of buzz around the idea of universal basic income (also known as “unconditional basic income” or UBI). It can take different forms or vary in the details, but in essence: UBI is the … Continue reading →

Transcript

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0:00.0

This is 99% invisible.

0:02.0

I'm Roman Mars.

0:04.0

People all over the world are flirting with an idea called basic income.

0:09.0

Basic income.

0:10.0

Basic income.

0:11.0

Basic income for all.

0:12.0

The idea behind the basic income is that each citizen receives a payment every month

0:17.0

as a right without conditions and paid individually.

0:21.0

Basic income, also known as Universal Basic Income or Unconditional Basic Income or UBI.

0:29.8

That's producer Avery Truffelman.

0:32.0

Very, very roughly defined universal basic income is this idea that a government would pay all

0:38.8

their citizens and everyone would get a flat sum of money every month to cover their basic needs,

0:44.4

whether or not they have a job.

0:46.4

And this money would be no strings attached with no conditions,

0:50.0

and this would hopefully remove any stigma from receiving it.

0:53.2

It's free money.

0:55.3

The logic behind it is this.

0:57.2

A lot of jobs don't pay enough money for people to even make rent or buy groceries.

1:01.7

You can work full time and still be below the poverty line, so it's easy to

1:05.6

understand why people on the left would advocate for a guaranteed income.

1:09.2

But also a version of this concept is popular in libertarian circles. They see basic income

1:14.9

as a way to shrink the welfare state. For example you could take away food stamps,

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