YouSaid · the spoken record

Annie Lowrey

lines on the record: 72
first: 2018-07-11
most recent: 2018-07-11
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Them have kind of like flirted with it. So Bernie Sanders has kind of flirted with this. It's a pretty good sentence. You know, and there's a bunch of these other senators that are kind of lining up behind. They don't want to be seen as being like the centrist anymore. Right. And so like a Kirsten Gellibrand, who's like, I'm interested in a jobs guarantee. I'm interested in cash payments.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, if the congressmen were as smart as they aren't, that's the issue. They don't even know how Facebook works. Oh, can you tell me what's your business model? I was like, what? Like, you don't even understand. I know. Yeah, embarrassment. People get mad at me for saying that, but it was an embarrassment. In any case, we'll see if they can take on big issues like this. Is there a senator that's really behind this besides Marco Root? Is there some”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Uber or Lyft or any of them. I think at that point, they are going to feel a lot of political pressure to say here's the stuff that we're doing to actually not just help higher income people scoot around San Francisco a little bit easier. Here's what we're doing. And I think that that's the pressure that I would watch for if a Waymo has to say like, we see that we're putting folks out of jobs, but here's what we're suggesting happens.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“The corner of Market and Sanchez for that. Yeah, no heating. Nothing else Think it's going to be fascinating to watch. Let's say that there's a company, and maybe it's one of the self-driving Waymo or something.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“No, you think about a parking spot? No, you can have a cardboard box on the corner of Market and Santa Claus for that and no heating. Yeah, no heating. Nothing else. Last question. So do you think tech is going to really push this because there's so many things tech is like getting politicized on immigration, whatever. This is a highly political thing. Do you see them being the ones that push this through?”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“And I And it's kind of, so Utah is the state that's done best with homelessness. They have this housing first model, but Utah has really cheap housing prices compared to California. So it's all well and good.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I was in a park the other day, and they were like, let's have one park dedicated to the homeless. I'm like, like, okay. And that makes it permanent. Like that to me, you know what I mean? It's not a permanent. It was interesting. And I was like, why don't we just give them money? And they're like, no, then they'll use it. It was a fascinating how it popped up. And they didn't like the idea of universal basic income.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Like thousands of government bureaucrats And one interesting thing is that there's actually a lot of Republicans that like the idea of giving cash to kids. They hate child poverty and they're like, all right, maybe that's a good use for that. So you saw Marco Rubio and Mike Lee who are really arch conservative senators get behind an expansion of the child tax credit because they want families to have more kids and they want to support those kids better. But like most of the enthusiasm here is coming absolutely from the left and particularly states with a thick left like California where you have all sorts of different coalitions. We got a lot of”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Can't just have it. But maybe there's fewer requirements. Maybe those work requirements are looser. And again, I think it's, you know, I don't think it's unlikely that a state like California or maybe Hawaii are the ones that are thinking about this currently. Like let's try this. And so I think you might see a sort of laboratory of democracy thing where you'll start to see it happen.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“I wouldn't be surprised. They're pretty pop, you know. I mean, one thing is when we think about the policy making process in this country. Like things do have to get ironed out in the House and the Senate. And so I would not be totally surprised if there was a work requirement that came with this sort of like in Canada. You can't have them.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“No, I mean, we're going through this unbelievable Moment of polarization where there's no metal, right? Like there's no sensible middle ground for policymaking. And so I think that right now, if you see, you know, I think it's likely that we'll see a democratic House and Senate again soon, but it's going to take a long time for that to happen. And if that happens, then they'll certainly pass something. It's a big question. And so, you know, what they're going to focus on, they have a bunch of big ideas out there. And I don't think that the party is coalesced around one. But something like this, you're going to have absolute evidence of it. And I would say within 10 years, there's going to be European countries that have it, and it's not unlikely that someplace like Canada will, along with all these lower income countries that are already doing this. In the US, I think it's going to take a lot. Culturally, we are not even close to something like this where we say, you know what, we're okay paying taxes for somebody to get money for free.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“So, what is the from your perspective from writing this book going around the country and the world looking at these programs, what is the likelihood that it's going to be widespread in this country? I don't see it with this gang in the...”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, but TANF is the only one where you might be receiving a literal cash payment outside of. Social Security or SSI, which is supplemental security income, which is a program for very, very low income people, mostly elderly and disabled.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“And you can spend it at a certain number of stores on a certain number of things. You know, section eight comes through a kind of complicated series where you're getting it through the housing. Medicaid, obviously there, you are signing up with a government program. And then a lot of things come through the tax code.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“And so it's kind of visible, but it's really important to people. And same thing with the child tax credit. It comes through the tax code. You don't really see it, but we know that it's really effective.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so I mean, the thing with TANA for Snap is that you are kind of receiving a constant payment where a lot of the other stuff, again, happens through the tax code. So something like the EITC, it's boosting the money that you're making. Yeah, sorry, earned income tax credit. And so if you're a relatively low income, it's quite likely that the government is basically going to make sure that you don't pay taxes and you might get a nice rebate.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Nope, and that's one of the hard things, right? Like TANF is supposed to be for kids, right? We focus on the parents a lot. But in order to get TANF, like, you got to have a kid. And just rhetorically, the conversation focuses on the decision of the parents. But we know through, you know, things like the child tax credit that this tends to be pretty effective. And it does. It boosts the number of calories that kids are eating. It keeps them in school for more days. And it tends to make the environment and house better.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“If you have, it would probably be somewhat means tested. So if your family income for a family of four is less than $30,000 a year, we're going to get you a $200 cash payment per kid under the age of 15 or something like that.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so Canada now has this UBI set of payments, and we're going to have results pretty soon that are going to show, right? But we have just tons of experimental data from the US, from other countries, from Iran, from all around the world that shows that if you give people money, it reduces poverty. Just really straightforward. And so, what I think will actually happen here, I think it's very unlikely that we'll see anything like a UBI unless we see those kind of technological changes that we were talking about and changes in work. But I do think that one thing that is gaining momentum on both sides is to have kind of a UBI for kids. And basically, to say we don't want kids to grow up in poverty anymore. We can all agree that kids are not responsible for their own fortunes. And I think that we can.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“And we'll Right, exactly. We'll be dead in the end. And so when you have something that UBI coming, what's the success of it from where you're seeing it, when do you know that it's working, or is there never going to be a proof point?”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Right. We all get it. Yeah, but you're right that there's been this populist polarization on both sides, right? Republicans are like no taxes, total free reign for businesses to do whatever the heck that they want. And Democrats are like free stuff for everybody. And we'll figure out how to pay for it maybe 100 years from now. Right, exactly. We'll be dead in the end.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“On the left Email me from California. It's interesting because we had John Morner at Code, and for a minute there, I was like, he should really run for office because it was sensible. But he was talking about, he said one of the issues, obviously, is that the Democrats are so fixated on Trump that they're not going to talk about what they're going to do. But there's all kinds of issues they have to deal with. One is training, obviously, retraining, which they're not talking about. The ideas behind what happens when things get digitized. How do you portable benefits? These are sensible things. He was very much against the idea of all these free, this idea of free college and free this and free that because you can't pay for it. So Republicans on the one side pushing a certain agenda, a very populist agenda where Fend for yourself, too bad. And then this other group saying, let's give away and then ruining the budget by tax cuts for the rich and the other side saying everybody gets everything.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“So, Yeah, absolutely. So basically, give them not necessarily. You know, perhaps not a handout, but a kind of a safety net, right? This is a form of social insurance more than it is a form of social welfare. We're saying that we're not going to let anybody in this society fall down too far. And that's the thing that we do as Americans. There's no real safety net at the bottom Not like there is in Europe or Japan or a bunch of other countries. There's just holes and you follow all the way through. So this is one way of doing that. But there's, you know, there's others. And Democrats especially are starting to talk about a lot of these big universal and big universal programs. So I think during the Obama”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“The U.S. has some of these things, but not others. And it's really interesting, again, being in California that takes a much more aggressive view of this, that has a really thick set of social services in comparison to a state like Utah or Wyoming or Mississippi. You know, like the federalism means that we're constantly running a bunch of experiments on these things. And despite the fact that California has this really aggressive Medicaid program and a lot of housing programs, you still have a crisis, right?”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“That said, you know, I think that it is true that when you think about universal cash payments, unconditional cash payments, that you have to figure that they are going to be most important for the most destitute. But that also becomes one of these kind of challenging things, right? It's all these studies about why people give or don't give money to people on the street. And they're like, well, if they're just going to spend it on drugs, am I really helping them, right? And I think that San Francisco and a lot of other big and especially big liberal cities recognize that you can't just give people money exactly like they need healthcare. They need housing. They need supportive services. They might need literacy or job training readiness programs. And so”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and it was funny. I was talking, I was writing a story, so I was talking to a bunch of people in Reno, and they're like, all of a sudden we look like California too. Like we have this new homeless population, right? And I think that it's really interesting here because you do, you have this chasm between rich and poor. You have a city that is increasingly unlivable for anybody except for people who are so insensitive to the prices of things because they're manufacturing just such extraordinary wealth out here. It's really interesting. And it gets to it gets to kind of a few interesting issues. So one is that like, you know, the problem out here has to do with housing regulation. It has to do with like a lack of housing, a lack of public transit, an underinvestment in things. It's a really complicated naughty policy problem that would take a lot of things to fix. We could have snap our fingers, institute a wealth tax and have a UBI here in San Francisco would”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“We choose to let them let people live like this Talk about how when you look at a city like this, which is so wealthy and so has so many opportunities for people that you have this permanent underclass that seems not to be fixable”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“And where does it come from? That's the shame cards. Whose money? My money? I don't want to give people my money. Let's talk about San Francisco's. You brought it up as it's got a very innovative program around welfare that people, they link people with work and things like that. But San Francisco now has become the national poster child for a disastrous situation around homelessness, which, if I remember, it was care not cash or was it was under Gavin Newsom where they didn't want to give cash or cash not care one of them, where they tried to fix this in a variety of ways. You see that kind of poverty because you're like there shouldn't be poverty in this country, is the concept behind this, is that nobody should be living in it.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“They instead run this job program where they set people up with kind of like apprenticeships. And they connect with local employers and they provide subsidies. They say, hey, if you'll take this person in the TANF program, we're going to pay part of her salary for some period of time. This works really well. So there's models out there. But again, the country just doesn't tend to use them because work requirements and these sort of restrictions on welfare have tended to be a way to cut the program, not actually to help the people.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“You could. There's no reason that you couldn't. But the issue is that most poor families, they do work. The issue is that they aren't making enough money and they, you know, don't have enough to spend. And then the other issue is that for the people who are remaining out of the labor force, they tend to have real challenges connecting to it. So maybe they're illiterate. Maybe they have a problem with drug or alcohol abuse. Maybe they're in a really rural area where there's just no jobs. Maybe they have an undiagnosed disability. And so forcing them to get work isn't really going to do anything. The other thing is, you know, maybe they're so low income that they can't work, right? If you don't have money for bus fare to get to a job, how are you going to get a job? And so with those people, work requirements don't do much. And there's not very much in terms of supportive services to help people. So we're in San Francisco right now.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Exactly. And then they're adding more work requirements to programs that already have them like SNAP. And, you know, during this time period, TANF, the amount of money that the government spends on TANF is the same dollar figure, not inflation adjusted, dollar figure as it did in 1996. So fewer and fewer families are getting it. I think it's 16.5 billion. And what do you make of this?”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“They do. They have these six month time limits or nine month time limits after that. You can't, or for a lot of programs, they'll say you can have this for six months in a five-year period, and that's it. And what's happened now with the Trump administration is they have signaled, they've let states attach work requirements to Medicaid. So this is happening. As we speak right now, you know, states like Kentucky are attaching a work requirement to Medicaid where there never was one. Additionally, they've said that they're going to attach work requirements to programs in Section 8, so housing assistance.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, unless you. No, it's a really amazing phenomenon, and it started in a bunch of red states that they basically turned a bunch of government programs slowly into welfare. So it used to be that welfare was the big one. You need to work in order to get welfare. It's TANF, that temporary assistance for needy families program. And then there were some work requirements in SNAP or food stamps Some especially red states said we want to attach work requirements to other programs or we want to make the work requirements more onerous and we want to make sure that people are not getting or getting very temporary periods of assistance. What's happened now because”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“And I are like, you know, Figments or whatever where people will accept it. So I do want to talk about that, the mentality in this country around it, because every time this is met, people, they just, it's anathema to the idea. And right now, what's going on is the idea that welfare should be Work with welfare, you have to work. So, how are you going to do some of this if now people are trying to link welfare, which is a version of this, right, to work? You don't get a snap unless you work. You don't get this unless you.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so there's a lot of money out there to be taxed. Right. Yeah. And there's a lot of spending out there to be cut. People really worry about this. It's not an impossible. So you look at, we would not need taxes higher than they are in, say, France. Now, we might not like taxes to be as high as they are in France, but the U.S. actually has among OECD countries pretty low tax base.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“If you're below a certain income level, the government is going to boost you up to that level. And then above there, you'll just have the same sort of standard thing where the government instead takes money away. So that's a way to do it”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Like, there's going to need to be some kind of cultural change, or the UBI is going to need to be bigger, or something, I don't know what else. And, you know, the second thing with that is, right, if you are somebody who works in tech, you're an engineer, you're making like $300,000 a year, you don't need an extra $1,000 from the government. And so, you know, the thing to do there is just to tax it back, right? Like basically you make it so that if you're above some income threshold, you don't get it. The other way to do this, there's lots of other ways. I shouldn't say the other way, but one other way to do this is to do it is something called a negative income tax where basically”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. So, like, the kind of everything. The prototypical example is everybody gets $1,000 a month. And so that's going to help. There's kind of two concerns with that, right? So one is that say that you have like a $65,000 a year trucking job or an $80,000 a year Bay Area construction gig. Are you going to be happy with $1,000 a month?”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“All of us, a lot of our material needs will be met better and more cheaply. And at least hypothetically, that should free us up to do better and more interesting stuff. Economists have thought that this would be the case for a long time. And I think that folks in Silicon Valley and tech say that too. They're like, this world will be better, but not if everybody is miserable. But then”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Even think about things that really require big staffs of people. So I was talking to somebody about home construction and they were like, we are going to prefab homes. So you'll say, you know, I want a really big five box home and I want a two box home. And then you're not going to need like a huge staff of people to construct these because you're just basically we're all going to be using like modular houses. So I have no idea if that's going to happen, but it doesn't seem crazy to me. Of course it is. What happens? And so, you know, there's some jobs that we know probably are never going to be digitized.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Hearing you. Right. Yeah, I always say anything that can't be digitized will be digitized. Exactly. And they will do it. I mean, it's interesting because I was in coal mining territory and they're like, well, we're just going to bring coal mining jobs back. I said, your bosses will use robots if it's better.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, they are like, look, what is going to happen with AI? Is you're going to get this kind of flywheel type effect where technologies are going to be self-improving? And so anything automated is all of a sudden going to be done by a machine. It's going to make sense for a business instead of hiring a human who might show up drunk or hung over at work, might get sick, might have a baby, might adopt a kid. All these human things. Yeah, exactly. All these human things. We're going to replace you with a robot. And why not? And so a lot of them point to trucks and taxis as being kind of like a first vanguard of this”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“I think so, yeah. Is that where it's from? I think they're terrified. I've talked to a ton of people in tech because I'm like, I look out in the economy and right now unemployment is what, like 3.8%? It's very low. I'm like, what are you seeing here in Silicon Valley that makes you so convinced that we're not going to need to work anymore?”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, might have some great effects, right? And then it also seems to take younger kids and to keep them in school a little bit longer, again, not a bad thing, right? Like a pretty good thing, even if it means that, you know, they're out of the workforce a little more. And the third thing is that for people who are unemployed, it tends to elongate the period of job search. And so you're like, wait, are they just like hanging out and not working? And it's like, no, they're actually waiting for a better job. They're waiting to connect for a better job. And then on top of that, there's a lot of kind of just straightforward stuff, right? Like it bumps people up above the poverty line. It helps smooth their consumption. So like month to month, if you're really low income, you're not going to be eating radically different amounts of food, that kind of thing. And it seems to improve people's well-being, right? It's a bit of a safety net. And so maybe it reduces the cortisol in your blood. Maybe it makes your life a little bit easier. Maybe it reduces stress.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, exactly. So, yes, the idea is to see what happened. So we have some other examples of UBI type payments, and we know a lot about what just giving people money does. So one is that very often it doesn't make them stop working, right? There's this great fear. Well, you know, like if you're some 25-year-old kid and you're pretty aimless and you don't know what to be doing, you know, you'll just take the money and you'll hang out in your mom's basement and you'll never make anything of yourself. Doesn't seem to have much of an effect on that. And where it does stop people from working, it tends to be the parents of very young kids. So maybe you're a mom and you're like, all right, you know, my partner will keep working, but I'm going to stay home with a kid.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. So there's this idea that it should be Like a small enough amount that it's not really going to change people's decision to work or not, right? You know, 500 bucks a month is maybe going to help a lot of families, but it's not going to keep your head above water exactly. The same thing with like $1,000 a month. $12,000 a year is not going to, it's not going to, you know, it's not much of a hammock, right? You can barely live on that. And I think that that would. Just, I think, for most families, you'd be still far below the poverty line. But it's enough to really materially help. 500 bucks is going to help a family quite considerably, especially if they're lower income, again without changing the impulse to work too much. So that's sort of the idea here.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. So they did more targeting of people. And so they were looking in lower income places. But then they randomized, right? You know, they said we're going to give it to people sort of regardless, like without, you know, checking to make sure that they're unemployed or something like that.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, it's not everybody, it's just poor folks. And so it's actually pretty important to note that, yeah, it's not universal, right? Part of this idea is that everybody should be getting it. And that if your higher income will just tax it back. And then the second really interesting experiment is coming from Y Combinator, where they started in Oakland just giving out money. And now I think that they're in five states. Again, sending money to folks, seeing how it changes their lives.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“So, here in the US, there's now a bunch of groups, political groups, think tanks, and tech companies themselves that are saying like, well, in that world, the government giving money to folks might be really, really, really important. So two of the most interesting experiments, this one that I mentioned, is happening in Stockton, where they're just sending some money to folks. And they're running an experiment. They're going to see what happens.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, absolutely. So the concern right now is that if, say that there's another recession in a couple years and all of a sudden there will be. Yeah. Eventually there's absolutely going to be one. And businesses see that the price of sort of AI influenced technology is falling really fast. And so we have another recession and kind of a jobless recovery again. And you have a huge number of people who are out of work, right? The government doesn't have very many measures to help in a situation like that because unemployment insurance is time delimited. It's not really meant to buoy people for long periods of time.”
2018-07-11 · Decoder with Nilay Patel · Recode Decode: Why do some in the tech community support universal basic income? · IDENTIFIED FROM THE TRANSCRIPT