basicincome

Photo by Andy Feliciotti on Unsplash Elon Musk has a plan for a future where jobs are wiped out by artificial intelligence: a benevolent government will provide. “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI,” Musk said in an X post. Musk has pushed […]

Every time I drop a bag of garbage down the chute in my building, I think about debt. Not the kind you pay back in monthly installments. Not the kind that shows up on a credit report. I mean the kind you can never repay no matter how long you live or how hard you […]

Tech developers in Silicon Valley seem to be convinced thatAI will lead to mass unemployment and that only Universal Basic Income (UBI), funded by the government, would be the appropriate policy response. Several leading CEOs have made two related economic claims: that AI will devastate labour markets catastrophically, and that the productivity gains it generates […]

Imagine a room with a thousand people. You know that 999 of them need something to survive, and one of them doesn’t. You have two options. Option one: give the same thing to all 1,000 people, and when they leave through a door where everyone’s income is already being checked, take a bit more from […]

Photo by Steve A Johnson on Unsplash Steven Bartlett has interviewed separately three leading experts on artificial intelligence (AI) and a business strategist as part of his podcast series, The Diary of a CEO. These fascinating in-de[th interviews all discuss UBI as a policy for mitigating the social impact of expected massive unemployment accompanying the achiev...