The article discusses the transformative impact of emerging technologies, especially automation and artificial intelligence, on the job market. Rather than external factors like immigration, it highlights that automation will significantly eliminate jobs, particularly in driving and coding professions, over the next decade. Universal Basic Income (UBI) is presented as a potential solution to counteract these changes, with support from various figures in business and labor. The discussion traces the historical roots of UBI back to Thomas Paine, pointing out the urgent need for adaptive economic strategies in the face of technological disruption.
Emerging technology, particularly automation and AI, is transforming the job market at an unprecedented rate, posing immediate threats to traditional employment.
Proponents of Universal Basic Income argue it can mitigate massive job losses caused by technological advancements, ensuring economic stability for all.
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