Universal Basic Income Has Been Tried Over and Over Again. It Works Every Time.


As AI becomes a bigger and bigger part of our lives, the threat of job automation becomes an increasing possibility for many people. Lately, there’s been a lot of talk about universal basic income, the experimental form of welfare distribution that gives unconditional cash payments to people so that they can meet their basic needs. Tech billionaires like Sam Altman say they’re big fans of UBI and claim that it could solve the problem of mass job displacement when robots and software take over much of our economy.

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