Credit to Business Insider
According to Chris Weller from Business Insider, Sam Altman, President of Y Combinator (the largest startup accelerator in Silicon Valley), recently voiced some of his doubts regarding people replacing their current work with other meaningful work or activities if given a basic income.
Weller reports Altman puts faith in the provision of free money to make people both healthier and happier, but isn’t betting everything on it.
According to Weller, Altman, and other Y Combinator researchers, will implement an experiment in 2017, located in Oakland, California. It will give 100 families $2,000 per month. It is to test whether free, regular money helps “people escape poverty and live healthier lives,” Weller explains.
According to Weller, experiments, in Kenya and Honduras, show this; both are underdeveloped countries. Some see work for work’s sake as an intrinsic value. Well suggests separation of work from income might not sit well with those people, but might if presented as freedom from hated work.
“Citizens could finally do the work that matters most to them rather than the work that pays the best.” Weller argued.
Read the full article here:
Chris Weller, “One of the biggest VCs in Silicon Valley explains how basic income could fail in America“, Business Insider, December 18th, 2016.
