Elon Musk Says the Government Will Have to Pay Citizens a Salary. This Company Is Testing That Theory

Elon Musk Says the Government Will Have to Pay Citizens a Salary. This Company Is Testing That Theory

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A Kenyan village. GiveDirectly’s study will provide cash to more than 17,000 impoverished residents. Much has been said about the possible impact of automation : A Forrester study estimates that 6 percent of jobs will be replaced by robots within four years; others say half the world’s jobs will be gone by 2035.

One potential idea for counteracting a future that involves massive job losses is universal basic income, a government-provided monthly or yearly stipend given to each citizen. GiveDirectly , a non-profit company that gives donations directly to impoverished people in the form of cash, is currently […]

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