The Sharing Economy Needs to Consolidate, Converge and Bundle its Services
For a human stipend (UBI) to be ethical and functional it needs to bundle itself with various aspects of the emerging sharing economy and principles of decentralization.
With the advent of automation and more powerful AI, where jobs may be displaced, new apps, decentralized services and cost cutting must take place. If we lived in a “practically free” society income could be decoupled from work, and it wouldn’t be such a big deal.
We can see this taking place in how young fashion conscious population such as in China, rent their high-fashion clothing for short duration via trending apps. Not only is artificial intelligence progressing at unprecedented rates, the automation economy can help the sharing economy evolve into a mature social service safety net.
Imagine a world where AI and smart contracts help personalize how we experience the sharing economy according to our needs as they arise without any intervention on our part.
Decentralization as a process of cutting out the middle man, and implementing a peer-to-peer and node infrastructure in the distribution of services is essential to reduce costs and increase efficiency and trust in collective institutions.
The convergence of “subscription bundles” will rapidly occur in the 2020s, along the lines of Amazon, Google and Apple. In such a world my Amazon Prime could cover a certain number of Lyft rides per month, and Google and Apple will start to bundle their premium services that make valid competitors to Amazon Prime that itself will keep evolving and adding value.
Artificial Intelligence Will Decide our Human Stipend
Sophisticated algorithms eventually will decide my “human stipend” from the state, the idea of giving everyone the same amount in a world of personalized AI won’t make much sense. A human stipend can never be “universal” or “unconditional” since all of our situations are unique. Perhaps we don’t have a big income, but we were left a family inheritance, perhaps we have a regular income but are required to spend it to help in our in-laws.
I may in the future opt out from a monetary human stipend in exchange for greater access to free segments of the sharing economy, like free healthcare and free education for my children.
As services such as Google’s Waymo reduces the costs of on-demand transportation, so equivalents of “self-driving services” in every industry and service will arrive that greatly reduces the costs of these services in the automation economy.
In not so distant future collective decisions will be made via distributed consensus systems via a neutral interface. Elon Musk was right all along, we have to become AI, or risk being left behind.
When personal assistants guide us through every path to experience (no longer merely path to purchase), our “basic needs” will be calculated by algorithms in a quasi social credit system not modulated by the state like it will be in China circa 2020, but by the most powerful AI on the planet.
Artificial Intelligence Evolves the Sharing Economy Not Us
Decentralized means that not one single entity has control over all the processing. Facebook is for the most part controlled by Mark Zuckerberg due to his majority of shares, therefore it’s a centralized system. As algorithms are the true interface of how we relate to the mobile web, as deep learning evolves globally it will help us modulate and implement a human stipend (basic income), evolve the sharing economy and “bundles” subscription services for individuals in the most personalized way with the right “price”.
We rarely admit that how UBI is implemented will be entirely AI-dependent, and for good or for ill, how the automation economy lowers costs and reduces the middle-man will be best implemented not by us, but by artificial intelligence itself. Personalized smart contracts for every global citizens, imagine that.
Most articles on UBI are pointless since they don’t account for how the sharing-economy nor how AI is evolving and the reality it will entail in the 4th industrial revolution. Meanwhile the amount younger citizens receive of the human stipend must be balanced according to increases such as rising student loans, estimated healthcare costs, increases in the price of housing and mortgages and so forth.
Vulnerable populations and at-risk citizens who grew up in poverty will require additional safeguards in how their human stipend is spent, thus the idea to give everyone the same amount totally neglects what AI is capable of doing to increase social equality.
Contextual Big Data Guides the Future Sharing Economy
Any system that profits with a business model of exploitation and centralization needs to be transformed into a decentralized institutions that serves the public good and not simply the corporate profits. This means leading firms of the automation economy such as Amazon and Google must themselves set the example for how the sharing economy can best emerge where AI is a force for good and not only the engine that powers killer drones, weaponized platforms and ubiquitous advertisements. This is because the world doesn’t actually need these things to survive the automation economy, we require a human stipend and a strong foundation for the sharing economy.
Cambridge Analytica only has 4000 data-points on us, however the AI that will be responsible for implementing a human stipend globally, will have millions of data-points on each one of us. This means not the State, but it will be best positioned to know our needs and preferences and fulfill our experiences in a new way of living.
While how automation unfolds and how mass job displacement will occur is a matter of speculation we know that it is inevitable in the decades ahead. Many also believe some form of human stipend is bound to occur, as Governments struggle to regulate a safety for citizens to avoid social crisis among the population.
Green Technology Adoption in a Social Credit System
The most successful implementation of a human stipend will consolidate itself with sharing economy services, subscription service bundles and use AI to increase its efficiency. There’s a fair chance social credit systems will help enforce how the sharing economy evolves and even how a human stipend is distributed.
For example in Norway, (go to 48 seconds of video), the government has incentives in place to ease the adoption of electric vehicles with free parking and a number of other advantages.
Thus we can easily see the relationship between green tech, the sharing economy, a human stipend and more decentralized peer-to-peer services all meshing together with subscription bundles that are personalized and tailored to each global citizen, family, household and so forth more and more regulated not by the Government itself, but by the Artificial Intelligence systems.
How a human stipend is given to citizens will be tied to that evolution. Even how we perceive a basic income will continue to evolve as how we experience the job displacement and skill shortages that the transition to the automation economy entails.
We are just at the beginning of the emergence of AI, a human stipend, a sharing economy, subscription bundling, convenience convergence and dozens of meta-trends in technology and society all in a process of rapid interaction and consolidation. The sharing economy will continue to evolve and UBI and a more decentralized globalization of services personalized to us via AI, is sure to have a ubiquitous and profound influence upon us.
Remember please that the emergence of automation and AI is now inevitable and is coming in a matter of decades that is starting to look more like years.