‘Dr. Doom’ Nouriel Roubini says we’re headed for universal basic income or ‘some form of socialism’ as AI revolutionizes work—He calls that optimistic

Yahoo Finance

Top economist Nouriel Roubini, who was among the first to predict the 2008 financial crash, earned the nickname “Dr. Doom” for his stark warnings, though he has been more upbeat lately.

And when it comes to artificial intelligence, which has stirred all kinds of apocalyptic predictions, he insists he’s looking at the brighter side.

In an interview on Bloomberg TV on Friday, Roubini was asked about ways to fix Social Security, as the trust fund that helps fund benefits is due to run out of money by 2032.

He replied that 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.

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