- Universal Basic Income (UBI) is an experimental form of welfare distribution that provides unconditional cash payments to individuals, ensuring they can meet their basic needs.
- UBI has been tested in numerous pilot programs over the past few decades, consistently resulting in happier and healthier recipients.
- As AI becomes increasingly prevalent, the threat of job automation grows. UBI is seen as a potential solution to cushion the economic impact of this shift.
- Tech billionaires like Sam Altman are strong proponents of UBI, believing it could address the issue of mass job displacement as robots and software take over much of our economy.
- Despite the dystopian visions of a future dominated by AI, UBI might be a beneficial policy for our society to explore.
Read more at: https://gizmodo.com