Would You Accept a Universal Basic Income If AI Took Over Most Jobs?

Would You Accept a Universal Basic Income If AI Took Over Most Jobs?

Recent comments by Elon Musk have brought new attention to how technology might change our lives. Musk suggested that, as artificial intelligence and robots become more advanced, people might not need to work unless they want to, and money could become less important.

At the same time, there is considerable discussion about something called a “unified salary” or “universal basic income.” This means everyone would receive a set amount of money regularly, no matter if they have a job or not. The goal is to help everyone feel secure as jobs and the economy change.

Experts, such as Abhijit Banerjee, Nobel laureate, add, “Universal basic income [in which the government guarantees a minimum income to all citizens] is an idea that gets thrown out a lot by exactly the same people who know a lot about AI — who are maybe supporters or critics of AI. The reason is very much this idea that, look, even if these people lose their jobs, can’t we provide them with money? And maybe there is a way to do that so that they don’t have to work. You give them the money and maybe then they do other things — some kind of creative work”.

Elon Musk has also said “I think we’ll end up doing universal basic income. It’s going to be necessary. There will be fewer and fewer jobs that a robot cannot do better.”

As technology changes, it is important for everyone—students, workers, and leaders—to think about how these ideas might shape our future, and how they could impact our personal and professional choices and freedoms. Don’t you think?

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