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BobbyJo 8 hours ago

Yes, the totality of the private sector. Literally every company in US with more than 100 employees is trying to position itself effectively.

The government is as well, to a much smaller degree, but the fact remains that there is too many unknowns right now to do anything concrete with any great level of confidence.

We tried UBI-lite™ during COVID and inflation exploded, so unless the economy has already changed significantly, thats obviously not going to work.

Humanity has tried central planning many times, and that has blown up spectacularly every time, so there is too much risk there IMO, and anyone who thinks otherwise at this juncture is just irresponsible.

Markets are probably the way, but that requires dynamics to settle into an equilibrium beforehand because legislature is just too slow to react dynamically.

I think the hard truth is, a lot of people are just gonna have to fall through cracks for a while if we don't want to mess things up more than we fix them, and I say this as someone without a plan B for selling my own labor.

generj 5 hours ago | parent | next [-]

Tbf UBI-lite during COVID was paired with 2 things:

1) massive handouts to business owners through forgiven “loans.” Predictably this had massive fraud, some of which was prosecuted but not much.

2) massively constrained supply chains which caused higher prices.

I suspect 2 at least would have caused inflation regardless of the stimulus checks.

It’s unclear to what extent UBI causes persistent inflation. Proponents claim the backdrop of a minimal income will enable more risky innovative projects which could increase GDP growth enough to counteract some level of increased inflation.

patrick451 6 hours ago | parent | prev [-]

We should not treat this as an acceptable strategy. If we do not have a viable mitigation for the risks of AI, then AI should be banned from public usage, just like nuclear weapons.

BobbyJo 6 hours ago | parent [-]

Well, unless political candidates and the general public suddenly gain 30 IQ points and become more collaborative than at any point in history, it's the best we have.

The fact that we don't already measure/enforce outcomes for legislative actions should tell you everything you need to know.