Let’s just stipulate that 2016 was a lousy year. We lost the Greatest, Prince and a Princess (Leia), and saw the election of a clown who thinks he’s a king. Worse yet, the President-elect likes to communicate simple and wrong answers to complex questions in 140 characters. 2017 will be somewhat better if it sees the end of Silicon Valley tweeting its own 3 character simple and wrong answer to complex questions. UBI: It’s the wrong answer to the wrong question.
There is real angst in the United States about inequality and in particular with opportunity creation and the likelihood of moving ahead. Moreover, there is a legitimate debate about the future of work and what happens to employment with advances in technology (will software and robots eat our jobs?). Unfortunately, Silicon Valley’s obsession with the latest shiny object, Universal Basic Income, is making that problem worse. Like Donald Trump’s wall, it is absurdly expensive, won’t work and is a disingenuous distraction from the real problems. It’s time for Silicon Valley to stop the techno-libertarian navel gazing and turn their considerable talent and resource to the core issues.Read More