As of August, the U.S. unemployment rate was 3.9 percent. Imagine a time when it hits 30 percent, or even 50. Impossible? Advances in artificial intelligence and automation prompt just such concerns.
When not only factory workers and food-service workers have been replaced by machines but also “knowledge” workers, including many in finance, law or medicine, how will people make a living? One possibility is a universal basic income.
Human beings are always looking for more efficient ways to accomplish tasks. From stone tools to microchips, humans strive to do more, more quickly and efficiently. That accumulated technology reaches further than […]