If Robots and AI Steal Our Jobs, a Universal Basic Income Could Help

Some fear that robots and AI will steal our jobs. They probably will (in the near-term, at least half of them). If that happens, what will we do for a living? How will we earn money? In this post I’ll be discussing one of the most important proposed solutions to job loss due to automation—the notion of “universal basic income” (sometimes called guaranteed minimum income). Specifically, I want to discuss: 1. Predictions on job loss2. What is universal basic income? Who is experimenting with it?3. Does UBI work? What are the implications? Let’s dive in. Predictions on Job Loss In 2013, Dr. Carl Benedikt Frey of the Oxford Martin School estimated that 47 percent of jobs in the US are “at risk” of being automated in the next 20 years.…


Link to Full Article: If Robots and AI Steal Our Jobs, a Universal Basic Income Could Help

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!