I believe in humanity and don’t think we will be fighting the machines.
But whilst I am not a catastrophiser, how we work and live is about to change for ever.
Artificial Intelligence will see to that, people’s jobs will change and, in some instances, disappear.
So, what will that mean?
Maybe we should just pay everybody whether they work or not.
The idea of a Universal Basic Income is not new.
For many reasons however I have never been a fan of a Universal Basic Income personally.
Perhaps because I have worked so hard for what I have I cannot countenance the idea of people doing nothing and getting paid, perhaps because I am not convinced of the mental health benefits.
Or maybe I am just old fashioned and believe in fair pay for fair days’ work.
I am not alone in my thinking many critics argue that UBI may dis-incentivise work, contribute to inflation, or strain public finances.
Some Scandinavian countries have trailed pilot programs and experiments with reasonable success. UBI has shown positive effects on mental health, education outcomes, and entrepreneurial activity in these trials. The idea being its costs can be mitigated through tax reforms, resource redistribution, and AI-driven efficiency gains.
As the world changes driven by advances in artificial intelligence (AI) the concept of Universal Basic Income (UBI) has emerged as a potential solution to address the socio-economic challenges posed by technological advancements.
This may in fact be a way of ensuring a fair and inclusive society.
AI brings both opportunities and challenges to society, I don’t believe or maybe I am blinkered that the machines will take over and we will be cowering somewhere as we come under attack by super smart cyborgs but change is coming.
Perhaps Universal Basic Income has come of age, maybe we can leverage AI’s potential to create a more inclusive and equitable future.