Gil: Government, academia, and big tech have effectively functioned as UBI
Elad Gil · No Priors Ep. 110 | With Mercor CEO and Co-Founder Brendan Foody · Apr 10, 2025 · at 27:10
Investor Elad Gil discusses hidden labor inefficiencies and economic displacement across major US sectors with Mercor CEO Brendan Foody.
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“The degree to which we effectively had different forms of UBI or universal basic income in different sectors of the economy. Government is a clear example where there's enormous waste, fraud, grift, et cetera, happening. Parts of academia, if you just look at the growth of the bureaucracy relative to the actual student body or faculty, big tech, if you look at some of the size, you know, you, basically a lot of these things were effectively UBI.”
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