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UBI Works @ubiworks.bsky.social · 9h

McGill alumnus Peter Howitt awarded 2025 Nobel Prize in Economics for work on innovation and growth.

Here’s Peter on the risks of AI replacing jobs:

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UBI Works @ubiworks.bsky.social · 11h

No matter where AI takes us

This thread is 💯

Floyd Marinescu @floydmarinescu.bsky.social · 11h

I believe AI will create massive wealth and potential for humankind to flourish.

But no matter, what we can all anticipate that the gains will be extremely uneven—perhaps more than any technological revolution that came before. And this is true even if there isn't rapid and sudden mass job loss. 🧵

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Floyd Marinescu @floydmarinescu.bsky.social · 11h

I believe AI will create massive wealth and potential for humankind to flourish.

But no matter, what we can all anticipate that the gains will be extremely uneven—perhaps more than any technological revolution that came before. And this is true even if there isn't rapid and sudden mass job loss. 🧵

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Scott Santens @scottsantens.com · 4d

New study of Iran's almost-UBI shows that replacing fossil fuel subsidies with a universal and unconditional cash transfer reduces consumption inequality by 8% per $30/mo per person.

Study by @alimok.bsky.social

www.sciencedirect.com/science/arti...

Abstract
Recent estimates suggest that eliminating fossil fuel subsidies could prevent 1.6 million premature deaths annually by reducing air pollution, while also addressing the unequal distribution of resources. How unequal are the benefits of these subsidies? Using Iranian household expenditure data (1984–2019) covering three major subsidy reforms, this study estimates the inequality-reducing impact of replacing fuel subsidies with direct, universal, and unconditional cash transfers. Our robust estimates show that reallocating USD 1 per capita per day from fuel subsidies to direct cash transfers reduces the Gini coefficient of expenditure by 8 %. These findings underscore the redistributive potential of such reforms and their role in fostering more equitable and sustainable policy design.

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UBI Works @ubiworks.bsky.social · 4d

Maybe listen to the Nobel Prize winner whose work made AI like ChatGPT possible… when he says UBI will be necessary?

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Ken Yang @kenjaminyang.bsky.social · 5d

Many in the Canadian basic income movement brushed this off until as recently as 2 years ago, when chatGPT became the fastest product to 100M users

Now everyone's talking about it

Floyd Marinescu @floydmarinescu.bsky.social · 5d

Bernie dropped this video saying AI will wipe out the working class.

“Millions of jobs will be eliminated. This is not science fiction. It’s already happening.”

The UBI movement has been saying this for years.

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UBI Works @ubiworks.bsky.social · 5d

Exactly

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UBI Works @ubiworks.bsky.social · 5d

@sanders.senate.gov

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Floyd Marinescu @floydmarinescu.bsky.social · 5d

Bernie dropped this video saying AI will wipe out the working class.

“Millions of jobs will be eliminated. This is not science fiction. It’s already happening.”

The UBI movement has been saying this for years.

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Reposted by UBI Works

Senator Bernie Sanders @sanders.senate.gov · 7d

The artificial intelligence and robotics being developed by multi-billionaires will allow corporate America to wipe out tens of millions of decent-paying jobs, cut labor costs and boost profits.

What happens to working class people who can’t find jobs because they don’t exist?

AI Could Wipe Out the Working Class | Sen. Bernie Sanders

YouTube video by Senator Bernie Sanders

youtu.be

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UBI Works @ubiworks.bsky.social · 7d

Canadian personal finance and TV legend, host of "Til Debt Do Us Part" chimed in

x.com/GailVazOxlad...

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UBI Works @ubiworks.bsky.social · 7d

There are various models with different designs that work already.

Guaranteed basic income is much cheaper and optimized for lowering poverty. Universal basic income as a dividend should go to everyone by virtue of a shared claim to common assets.

www.ubiworks.ca/gbi-vs-ubi

Basic Income Explained: Guaranteed Basic Income (GBI) vs. Universal Basic Income (UBI)

We already have basic income models that work: guaranteed basic income to lower poverty and UBI dividends from common resources. We explain the differences and how they work together to provide econom...

www.ubiworks.ca

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UBI Works @ubiworks.bsky.social · 8d

poverty drains our health and potential

an income floor restores it, letting families thrive and communities strengthen

that's the real return on investment

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Bernadette🍁🍁🇨🇦🇨🇦 @bernadette59.bsky.social · 12d

@ubiworks.bsky.social The Godfather of AI supports UBI. Everyone should.

Bernadette🍁🍁🇨🇦🇨🇦 @bernadette59.bsky.social · 12d

youtu.be/75edaaI1-gY?...

Dr. Geoffrey Hinton 'Godfather of AI': Will AI cause massive job loss? | Common Wealth Canada

YouTube video by Common Wealth Canada

youtu.be

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UBI Works @ubiworks.bsky.social · 8d

www.cbc.ca/news/canada/...

@caitrinpilkington.bsky.social @

Could universal basic income work in the Yukon? | CBC News

Researchers with the Yukon Anti-Poverty Coalition found current social supports aren’t meeting the needs of many in poverty – and they say a basic income policy could help.

www.cbc.ca

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UBI Works @ubiworks.bsky.social · 8d

"If you look at the [basic income] pilot programs that have been implemented and you hear from the people who have been part of them, as I have done, it made an amazing difference to their life… People go back to work, they get a better education."

— Senator Pat Duncan

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UBI Works @ubiworks.bsky.social · 8d

Yes - because it works across Canada already

"there is clear, strong evidence to show that when people feel they have a secure income, they have the opportunity to get the education and employment that can better their lives and their families"

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Floyd Marinescu @floydmarinescu.bsky.social · 12d

The Great Decoupling of

- GDP vs. wages
- Labour productivity vs. wages
- and now job openings vs. market performance

All are accelerated by automation 🧵

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UBI Works @ubiworks.bsky.social · 13d

www.bloomberg.com/news/article...

What Happens If You Just Give People Cash – in Crypto

A new basic income pilot will pay low-income New Yorkers $12,000 in cryptocurrency to help them invest in big expenses like education and housing.

www.bloomberg.com

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UBI Works @ubiworks.bsky.social · 13d

"one of the major benefits of using USDC is how fast GiveDirectly can transfer funds, and how cheaply: It only cost the nonprofit 26 cents to issue the first batch of $800 payments — significantly less than it would have to issue prepaid debit cards."

@give-directly.bsky.social 🫡

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UBI Works @ubiworks.bsky.social · 13d

BREAKING: GiveDirectly and Coinbase partner in new Basic Income Pilot, providing low-income New Yorkers with $12,000 in USDC (stablecoin pegged to USD)

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Floyd Marinescu @floydmarinescu.bsky.social · 14d

Basic income is a reskilling investment. People need time to take courses. @mark-carney.bsky.social himself said we need a system where 40 yr olds can go back to school. They need basic income for that. Without it people get stuck in dead end jobs just for income security.

UBI Works @ubiworks.bsky.social · 14d

ICYMI: Canadians ranked Basic Income as top choice to address AI Job Loss (Abacus Poll)

AI is coming for work. Canadians want security.

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UBI Works @ubiworks.bsky.social · 14d

ICYMI: Canadians ranked Basic Income as top choice to address AI Job Loss (Abacus Poll)

AI is coming for work. Canadians want security.

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Floyd Marinescu @floydmarinescu.bsky.social · 15d

Working should get more tax relief than gains from owning land. We have it backwards.

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UBI Works @ubiworks.bsky.social · 15d

Private philanthropy and charities can only go so far

This Canadian tech entrepreneur is calling for a fairer tax system where the very wealthiest invest more to reduce inequality

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