With artificial intelligence rendering more and more jobs obsolete, some tech titans in Silicon Valley say the solution lies in giving everyone a universal basic income.
In the 1960s, economists and welfare-rights activists began pushing the idea as a solution to poverty. Karl Widerquist, a philosophy professor at Georgetown University in Qatar, told The Wall Street Journal that job-loss fears that decade, stoked by the rise of mainframe computers, got proponents wondering if basic income could be the solution to the displacement problem.
At best, the idea is thought of by many as a taxpayer-funded system that rewards idleness. At worst, it’s considered a harbinger of socialism. But tech moguls see a future where AI does the work currently being done by humans and funds revenue that can be shared through an enormous wealth redistribution system.
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