In the AI Economy, Universal Basic Income Can’t Wait

Coin Desk

The rise of artificial intelligence and robotics is forcing us to face something we’ve all sensed coming: millions of jobs are going to soon vanish. From factory floors to law offices, from truck driving to financial analysis, AI is learning to do our work faster, cheaper, and often better. This isn’t a future problem — it’s happening now. The real question is what we’re going to do about it, because the old idea of tying survival to a paycheck is going to break.

These all have merit, and I like them all. But putting actual cash in people’s pockets through UBI is still the most practical, immediate way to keep society stable as AI takes over more of the economy.

UBI is simple. Everyone gets a monthly check — no hoops or bureaucracy. If desired, I’d also support payments in crypto and using the blockchain. Regardless, if machines are doing most of the work and generating the wealth, we should cut people in directly to the money earned. And this way, no one falls through the cracks because they didn’t fill out the right form or meet some arbitrary requirement, as often happens in the welfare system. Ultimately, it’s not just about survival —it’s about freedom. With basic financial security, people could spend more time creating, learning, caring for loved ones, or simply living without the constant grind.

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