Eciks.org
Economist Nouriel Roubini predicts that artificial intelligence will force governments to choose between universal basic income and socialism to manage the economic disruption ahead. Speaking on Bloomberg TV, the economist known as “Dr. Doom” for his 2008 financial crisis warning argued that massive workforce displacement over the next 20-25 years will render traditional policy solutions obsolete.
“A large chunk of the population will be replaced by AI and robots in the next 20-25 years, so raising the retirement age will not be sufficient,” Roubini said in the Friday interview. “Eventually, we need some form of universal basic income for everybody while they work and once they retire. We’re already on the way.”
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