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Valuetainment

Universal Basic Income Explained by Patrick Bet-David

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 31 July 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Is Universal Basic Income The Solution For Artificial Intelligence?

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Transcript

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0:00.0

30 seconds.

0:01.0

One time for the underdong.

0:04.0

Ignition sequence star.

0:07.0

Let me see you put them up.

0:09.0

Reach the skies, let the stars up above because it's one time for the underdough one time for the underdough

0:17.0

I'm Patrick Beady your host of the item and today we're going to talk about the one

0:20.3

topic that keeps coming up in the Democratic debates that's taking place

0:23.8

and that's universal basic income an idea that was brought up by Andrew

0:27.3

Yank is it a good idea is it a bad idea can we afford it we're going to look

0:30.8

into it in today's episode. Jobs being replaced by AI.

0:34.0

Even Kai Fooli, who's an expert, AI expert.

0:37.0

He's a Taiwanese venture capitalist.

0:39.0

He's got his PA chief from Carnegie Mellon.

0:41.0

Lots of respect.

0:42.0

He said in a recent interview with 60

0:44.0

minutes, 40% of all jobs could be replaced. 40% that's a lot. That's four out of

0:50.6

ten jobs. Two out of five jobs could be replaced, is what he's saying?

0:53.7

So, Pat, what do you mean, what kind of jobs can we replace?

0:55.9

Well, you're seeing videos with all these robots,

0:57.6

so they're saying drivers are going to be replaced by self-driving cars.

1:01.4

Financial analysts, computers are going to do all the animals. Why do we need a person

1:05.3

doing that? Transportation, food preparation, telemarketers, construction, farming, fishing,

...

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