Money Matters

How we'll earn money in a future without jobs | Martin Ford



Machines that can think, learn and adapt are coming — and that could mean that we humans will end up with significant unemployment. What should we do about it? In a straightforward talk about a controversial idea, futurist Martin Ford makes the case for separating income from traditional work and instituting a universal basic income.

Check out more TED Talks: http://www.ted.com

The TED Talks channel features the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and more.

Follow TED on Twitter: http://www.twitter.com/TEDTalks
Like TED on Facebook: https://www.facebook.com/TED

Subscribe to our channel: https://www.youtube.com/TED

source

50 thoughts on “How we'll earn money in a future without jobs | Martin Ford

  • What about retired folks on social security ?

    If we don't have enough people working in 2030 and 2040…then what happens to social security by the time 2043 comes around when I retire? Nada gonna be there

    We NEED TO WORK DAMIT! if you can push a pencil…you can work!

  • Why trying to solve imaginary problem that aren't existing yet.
    Aren't there enough real issues to solve atm ? That guy is high

  • The grouchy disease strangely happen because comic muhly box before a numberless heart. woozy, meaty value

  • Is he suggesting a social credit system income like China?

  • Universal basic income will never work, the U-S has so much debt, we could never fun this.

  • There will be mass poverty with a very few that have all the money,this will destroy society..

  • we work hard in factories and companies, still we r underpaid….and u think greedy corporates are gonna give us free salary for sitting in our homes…

  • making fake Facebook and YouTube ids to abuse our cunning politicians must be considered as a job… although i am doing it for free….

  • SAN ANTONIO β€” A damaging deep freeze that has plagued the South all week showed no sign of relenting Thursday, with frigid temperatures and a fresh line of snowstorms conspiring to inflict more pain on a region already crippled by widespread power outages, contaminated water supplies and treacherously slick roadways.

    Through it all, public infrastructure has proved unequal to the challenge of extreme winter weather, leaving millions of people in peril β€” and at least 47 dead. The imbalance has been most dramatically on display in Texas, where residents have huddled for days in homes lacking heat, while pipes burst around them and food supplies dwindled.

    The state’s struggles led House Speaker Nancy Pelosi (D-Calif.) on Thursday to signal the start of a congressional inquiry into the causes for the prolonged outage.

  • human consciousness will take a while to replicate synthetically. i think before that happens we'll probably get neuralink and the cybernetic brain. once that comes, the speed of learning new skills begins to increase exponentially. the population is also imploding with more old people than young. more and more people will leave the repetitive tasks and become innovators in every conceivable field. again, i don't think we need to worry so damn much.

  • I think that AI will be the one answering this problem. They will be tasked will transitioning us as painlessly as possible. Why wouldn’t we utilise the more intelligent system rather than our own brains that are flawed with slow bandwidth?

  • I did'nt found a solution nor any inspiration neither it was helpful! (useless)

  • Consumers should stop consuming before it's gets morally wrong. Don't give the greedy fuel to use people in a deceptive and unethical way.

  • Paid more? Don't even think about it, deep state take all without you know it.

  • Easy solution – remove captialist society and implement socialism.

  • Let’s not forget that the century during the industrial revolution (1750-1850) actually lead to a decrease in health, happiness, and wages. Post 1850 those metrics began to rise, though. Curiously, those metrics have also decreased over the course of the 21st century.

    All other questions about automation aside, an important one that I don’t see often is how governments will behave once humans are useless. Humans are necessary for governments right now; we fund them via taxes, we give them the manpower needed to run them, and we are the consumers of government products. In a future where robots do all jobs, humans will only be a drain on governments. Thus, wars to reduce populations between nations would be in the best interest of the nation. Purging citizens who require too many resources will also be in the interest of the nation (right now the free market can fill those unnecessary wants).

    P.S. the Luddite movement was not one against technology, but it was a labor movement. English textile producers were once artisans, self-employed, and had a good work life balance. Following the introduction of machinery they had to work unpleasant factory jobs for less money and more hours. The motivation behind this was that more textiles could be produced via machinery, yet there were no Brits begging for more clothes to begin with. The perceived abundance lead to an increase in demand, and an increase in demand is not what lead to an increase in supply.

  • how UBI will affect hypergamy? I fear we will have massive amounts of resentful incels ready to "shoot their shot"
    Should governments provide free sexbots to prevent mass murders?

  • norwood 0 hairline at that age………. I really really hate you

  • Several recent politicians in the US have argued similarly. They even proposed ways to more fairly distribute survival resources. Both the powers that be (regardless political party) and average citizens rejected these ideas–like a basic income, stronger workers' rights (like guaranteed sick leave…), more affordable housing…

    I agree with Ford, but a lot of us just don't care about doing what's in the best interest of the community. A lot of us don't care about who's left behind–so long as it's not us. And we're even willing to do things ultimately hurtful to ourselves if it means some people we don't like or don't agree with remain deprived. Human nature.

  • Ok lets suppose that now you can afford to buy new car like Audi because you are working in a industry,but because of an computer they will fired you like most of the people, but the new problem is that from now one they will be not able to sell so many cars like they did before and at the end the robot will also be fired because another robot dont need a vehicle to go home.

  • Basic income for everyone, until our trusted leader dips his hand in the money bucket and runs off with the payday. Expanded welfare breeds

  • I don’t want a future without having a reason to be productive. Besides, somebody has to pay for the needs of the other body that doesn’t have a job.

  • Would machines that feed us clothe us and shelter us be mad or vindictive and cruel if we didn't have a monetary system to live life

  • AI is pointless. It’s used to serve us but if we’re not needed there won’t be anymore β€œus”.

  • We're doomed. Bringing us back to the old times. Peasants and royalty, and the servants who serve the royalty, namely computer people.

  • I like your idea of offering Incentive perks for completing schooling, or helping the community & also having a lower CO2 footprint/doing good for the environment. This is very important stuff & you put it very well, thank-you

  • He doesn't seem to connect an overabundance of supply and a low low demand to rapidly decreasing prices.. strange for a pseudo-economist, I know.

  • Why do we have to earn money????? UBI can keep us going until money is not needed anymore. Machines can grow the food, build shelter, make clothes. How many people hate it when the alarm goes off and wakes you up from a deep sleep. Just to get up and most have to go to a job that they really don't want to.

  • Everyone: Oh no what we gonna do if robots steal our jobs

    Me (an intelligent): i'm gonna be a Thor,
    no robot can survive without the electricity

  • We won't need to make money because the world's central banks will make sure that there is more than enough money in circulation to keep the markets from failing and governments will give us money to spend to keep them liquid.

  • I think that in the future you will have to earn money by taking educational courses. They will pay you to learn, and not the other way round.

  • It been a successful investing with Mr.Charles @Charles_forex09 on instagram especailly during the lockdown .All thanks to him and his entire team for their continous support and help,Nothing but hug profit every week, God bless you sir..

Comments are closed.