Time is money. Or is it?
In episode 4, Lesedi explains how something radical happened when time was suddenly no longer an issue. In just a few decades, society went from being time-starved – always in a hurry, never with a second to spare – to something entirely different.
By the early 2040s, advancements in artificial intelligence (AI) meant they could replace human jobs with AI, who didn’t need to get paid. This resulted in a significant reduction in the cost of living. Governments had an opportunity to provide all citizens with a Universal Basic Income (UBI); a monthly stipend without any preconditions.
In a conversation with Sam, Lesedi explains how UBI saw people work longer, but with passion and purpose. Because without the financial pressure of earning an income, they were free to find work that’s more meaningful to them. Funny how those who were once anxious about being replaced by technology found themselves liberated by it.
The concept of Universal Basic Income is not a fictional concept. In fact, it’s been tested in a number of countries – with interesting results.
“We have seen experiments in countries like Canada, a number of Nordic countries, and Europe, and these smaller experiments with the UBI have shown that people who receive a UBI benefit were less stressed and had better mental health.” – David Tal, President of Quantumrun Forecastin (2018)